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Why Solana & Magic Eden users jump over to Toon Finance Coin

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Digital Nigeria 2022: NITDA Director General tasks Tech Innovators with Problem Solving

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Will A Bankruptcy Of Bitcoin Miner Core Scientific Impact The Price?

The largest publicly traded Bitcoin miner in the U.S. by hash rate and mining fleet, Core Scientific (CORZ), issued a bankruptcy warning in a filing with the SEC on Oct. 26. Shortly thereafter, the stock took a nosedive. The stock plummeted from $1.02 to $0.22. While the CORZ stock was trading at $10.43 at the beginning of the year, it is now down 97% year-to-date. Notably, the Bitcoin price was unimpressed by the news. As NewsBTC reported, a Bitcoin miner capitulation is currently the biggest intra-market risk. Therefore, it is questionable whether the risk of a capitulation event is now over or Core Scientific is the harbinger of a bigger crash? Related Reading: Bitcoin’s Biggest Intra-Market Risk Right Now – What You Need To Know Bitcoin Miner Core Scientific On The Ropes Documents filed with the U.S. Securities and Exchange Commission reveal that there is a possibility of bankruptcy. The company said it will not make its debt payments due in late October and early November. In addition, Core Scientific announced that holders of its common stock “could suffer a total loss of their investment.” Cash could be depleted by the end of the year or sooner, in part because Celsius arguably owes the miner $5.4 million. Related Reading: Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again However, responsible for the Bitcoin miner’s situation, however, according to management, are that “operating performance and liquidity have been severely impacted by the prolonged decrease in the price of bitcoin, the increase in electricity costs,” as well as “the increase in the global bitcoin network hash rate”. Compass Point analysts believe bankruptcy is a real possibility, as CNBC quotes: Still, without knowing how discussions are going with CORZ’s creditors, we think a scenario where CORZ has to file for Chapter 11 protection has to be taken seriously, especially if BTC prices decline further from current levels.  For the moment, the Bitcoin miner is considering various options for raising additional capital. All-Clear For The Bitcoin Price For Now? The SEC document gives the all-clear for the bitcoin price in that a sale of Core Scientific’s bitcoin holdings has already taken place. The company now holds only 24 Bitcoins; 1,027 Bitcoins were already sold last month. In this respect, Core Scientific’s treasury is not more of a concern, but rather the overall bad state of the Bitcoin mining industry. The industry is suffering from skyrocketing electricity costs as well as the depressed Bitcoin price. Many larger Bitcoin mining companies ordered new hardware when the price was much higher. Due to long delivery times, they received the machines much later, at a time when the hash price was already much less profitable. Another well-known Bitcoin miner, Compute North, filed for bankruptcy back in September and owes at least 200 creditors up to $500 million,as Bitcoinist reported. The next few months will therefore have to reveal whether it will take a deeper shakeout to flush unprofitable and over-leveraged miners out of the market. Core Scientific had the highest debt to equity ratio in the industry at 3.5x. Currently, the miner net position change continues to indicate that the industry is exerting selling pressure on the market. The metric shows that the total number of Bitcoins sold by miners was higher than the amount held on every day throughout October. From a technical perspective, BTC looks ´poised to reach long territory’ soon. For now, the price needs to sweep the low and should hold the level at $19.9K.

Art Moments Jakarta’s Tezos Exhibition Showcases 6 Transformative Southeast Asian Artists

NFT art will make waves at this year’s Art Moments Jakarta (AMJ) in an exhibition built on Tezos. “NFTs: Inner Worlds, Immortalized” will showcase the works of six leading artists from across the region, three of whom are prominent creators in Indonesia.

The post Art Moments Jakarta’s Tezos Exhibition Showcases 6 Transformative Southeast Asian Artists appeared first on BitPinas.

Toyota: Construction and Launch of a Large-capacity Sweep Energy Storage System from Reused Electrified Vehicle Batteries Connected to the Electrical Power Grid

Toyota City, Japan, Oct 27, 2022 - (JCN Newswire) - JERA Co., Inc. (JERA) and Toyota Motor Corporation (Toyota) announce the construction and launch of the world's first (as of writing, according to Toyota's investigations) large-capacity Sweep Energy Storage System. The system was built using batteries reclaimed from electrified vehicles (HEV, PHEV, BEV, FCEV) and is connected to the consumer electrical power grid. It begins operation today.



In the future, demand for storage batteries is expected to grow as they become necessary supply-stabilizing tools when expanding renewable energy in the movement toward CO2 emissions reduction, a vital part of achieving carbon neutrality. At the same time, limited supplies of battery materials including cobalt and lithium, mean there is an ongoing need for environmentally conscious initiatives, such as reclaiming used electrified vehicle batteries for effective use as storage batteries. In response, JERA and Toyota began discussions in 2018 to establish battery reuse technologies, which eventually led to this large-capacity, grid-connected Sweep Energy Storage System.

Toyota's new storage system is equipped with a function called sweep, which allows the use of reclaimed vehicle batteries, which have significant differences in performance and capacity, to their full capacity regardless of their level of deterioration. The sweep function, developed by Toyota Central R&D Labs, Inc., is a device that can freely control energy discharge by switching electricity flow on and off (bypassing) through series-connected batteries in microseconds.

Furthermore, the sweep function also enables direct AC output from the batteries, while reusing onboard inverters eliminate the need for a power conditioner (PCS). That contributes to reducing costs and helps avoid power loss when converting from AC to DC by PCS, with the aim of improving effective energy use.

The project plans to operate grid storage batteries for recharge and discharge operations, connected to the Chubu Electric Power Grid Co., Inc. power distribution system from a facility (see below(1)) at JERA's Yokkaichi Thermal Power Station. JERA and Toyota aim to introduce approximately 100,000 kWh of supplied electricity in the mid-2020s, thereby not only reducing the overall cost of the energy storage system, but also contributing to reduction of CO2 emissions.

(1) Selected by Japan's Ministry of the Environment to conduct an "FY2022 Project for Early Social Implementation of a Decarbonized Metal Recycling System."

In addition, JERA is developing a low environmental impact process for recycling lithium-ion batteries for electrified vehicles(2), which Toyota plans to support by leveraging the expertise and knowledge it has accumulated through its battery recycling initiatives to date. By collecting used batteries and reusing resources, both companies hope to accelerate their efforts toward achieving a resource-recycling society.

(2) JERA and Sumitomo Chemical Start a Demonstration Project to Develop a Low Environmental Impact Recycling Process for Electric Vehicle Lithium-ion Batteries (JERA Press Release, April 19, 2022)

JERA will continue to work proactively not only within the energy industry but also with leading companies in Japan and overseas to develop technologies such as battery storage systems and services that contribute to optimal energy utilization toward achieving a decarbonized and resource-recycling society.

Toyota actively promotes electrified vehicle adoption and pursues effective battery use, including electrified vehicle battery reuse, for the development of social infrastructure that will support the widespread adoption of electrified vehicles, expand the use of renewable energy, and promote resource recycling toward achieving carbon neutrality.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comJERA Co., Inc. (JERA) and Toyota Motor Corporation (Toyota) announce the construction and launch of the world's first (as of writing, according to Toyota's investigations) large-capacity Sweep Energy Storage System.

#WBSDubai Shines the spotlight on web3, crypto regulations and future of finance

The opening day of the 22nd edition of World Blockchain Summit –Dubai 2022, under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, and cohosted by Rimaunangis, brought industry leaders, technology pioneers and web3 fans, all under one roof. The summit featured an opening address by Furqan Rassul, CEO, Elite Partner Investment and H.E. Abdulaziz Alnuaimi, Assistant Undersecretary, UAE Ministry of Economy, and industry heavyweights such as Reeve Collins, Dr. Marwan Alzarouni and Willem Middlekoop.

DUBAI, Oct 26, 2022 - (ACN Newswire) - Industry leaders presenting at the summit included Reeve Collins, Co-founder, SmartMedia Technologies, Co-founder, Tether; Dr. Marwan Alzarouni, Strategic Advisor, Digital Dubai and Willem Middelkoop, CEO and founder, Commodity Discovery Fund, to name a few.

During his address, Furqan Rassul, CEO, Elite Partner Investment quoted, “Since 2017, the World Blockchain Summit has brought together the brightest of minds in the blockchain industry, which is crucial given the blockchain's fast growing role and increasing importance in the global economy.”

H.E. Abdulaziz Alnuaimi, Undersecretary Assistant, Ministry of Economy, UAE, spoke at length about the blockchain and web3 ecosystem, stating, “Economic Paradigms are shifting, new technologies are shaping the economic landscapes, profoundly altering business and work. The latest advancements in blockchain and web3 are expanding the frontiers and the future is arriving faster than expected. To ensure our businesses remain competitive and future proof with ever changing landscape, we the business leaders and policy makers must keep track of technology development. Therefore, seeing so many distinguished delegates and entire blockchain and web3 community gathered here today is only inspiring”.

Reeve Collins, Co-founder, SmartMedia Technologies, Co-founder, Tether, also shared his thoughts on web3 and metaverse stating, “Web3 is going to change the way we use the internet, because we will have a much more interactive experience in all the websites that we go. Just like back in the 90s when everybody said "Oh we need a website", turned out everybody did, very soon everybody will be on metaverse, because it will be a better way and better experience for the users to interact with the internet.”

The opening day of #WBSDubai saw over 1000 attendees engage and network on some of today's most pressing questions in the current industry. The event featured enlightening sessions discussing the blockchain and crypto space. It also featured panel discussions, industry highlights, use-case-studies and much more.

The World Blockchain Summit – Dubai 2022 co-hosted by Rimaunangis, also provided startups with a platform to exhibit their innovative capabilities in front of global investors at the Startup World Cup pitch competition. Shipfinex, a company that is tokenizing maritime assets & simplifying investments, enabling Instant payments & a decentralized marketplace by using defi & web3 technologies, won an award for best startup.

"Dubai has positioned itself perfectly as one of the most crypto and blockchain friendly destinations in the world. With all the recent announcements around new crypto licenses being issued, Dubai Metaverse Strategy and more, we are super excited to have the web3 community come together at WBS to create meaningful collaborations and conversations that will shape the future of this industry." stated Mohammed Saleem, Founding Chairman, World Blockchain Summit (WBS).

World Blockchain Summit – Dubai, co-hosted by Rimaunangis is sponsored by:

Ecosystem Partner: Crypto Oasis

Exhibitors: Dreamster; Galaxy Heroes; Khaleeji; Minoid; ITC Games; ITC Global; Purple Quarter; Hyperhealth; BlockScan; Listing.Help; Tangent; Comtech Gold; Figment; Ledgerfi; Islamic Coin; Boba; NFTWorkx; Collective Shift; SLDC Corp; YX; PANVORA; Raven Protocol; IC Plaza and Syntrum

Investor Gala Dinner Sponsor: Shipfinex

Strategic Partner: Smartmedia Technologies

After Party Sponsor: Choise

Lanyard Sponsor: Quai Network

Official Event App Partner: Crowd Comms

Official PR Partner: Luna PR

Media Partners: Be In Crypto; TyN Magazine; CryptoNewZ; Crypto Academy; DxTalks; Women In Blockchain Canada; Bitcoin World; Coinspeaker; BinBits; Coinvestasi; Cointelegraph; The Cryptonomist; Coinstelegram; The Jordan Times; Security Middle East; Regtech Times; The Finance World; ACNNewswire; CoinsCapture; NFT24Studio; Cryptopolitan; Coinbold; Coincrunch; DX Talks; Media7; Gagsty; The Technology Magazine; Washington Elite; The Eastern Herald; Cryptera; Live Admins; The Business Year and Dverse.

The World Blockchain Summit's next stop is Bangkok, bringing together ASEAN's leading players in the space on December 8-9, 2022.

About World Blockchain Summit (WBS)

WBS hosts a global series of blockchain, crypto, metaverse and web3 business platforms that bring together the ecosystem of founders, developers, investors, regulators, enterprise buyers and influencers.

As the world's largest blockchain and web3 summit series, WBS has hosted more than 35,000 industry stakeholders at more than 20 editions in 10+ destinations around the world.

In collaboration with key industry stakeholders and our advisory board members, WBS curates a regionally relevant agenda for each edition that highlights the latest trends and upcoming opportunities in the market while also enabling deal flow, business development and more for our community of founders and investors.

WBS is committed to boosting the development, adoption, and growth of the entire web3 ecosystem.



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Helping to Grow the Work from Cafe Culture in Balestier

SINGAPORE, Oct 25, 2022 - (ACN Newswire) - A newly-established co-working space with food and beverage (F&B) options is aiming to enhance and build on a work from cafe culture in the heart of Balestier, while allowing for hybrid working and interacting with communities within the vicinity.


Located at 355, Balestier Road, Thank You Come Again (TYCA) is a social hub with a cafe and restaurant, and also presents a flexible workspace for residents around the area who have been craving for a comfortable location to call their own as they continue with remote working several days a week. Apart from just providing them a location to get work done, which also includes private work pods for conference calls and livestreaming, TYCA will also curate different kinds of experiences for patrons of the venue, which was officially opened on 22 October.

TYCA, a lifestyle brand created by Cover Projects, which also started the Initial Residence - a service residence at the same location - will also offer F&B options ranging from breakfast all the way to dinner which is a mixture of Mediterranean and contemporary cooking.

TYCA's grab and go provides convenience for people on go. A seasonal menu will be based on classics such as specialty coffee, hot pressed sandwiches, fresh salads and ready to eat pastas and pastries. TYCA will also serve out garden to table dining offerings in partnership with plant stylists The Nature Dialogue and The Initial Residence where a variety of edibles such as kale and basil are grown at the Initial Residence's terrace garden will be used in the preparation of certain dishes at TYCA.

"TYCA's presence at the Initial Residence aims to serve the wider community in Balestier, in addition to the residents who have started calling the serviced residence home. It is a social hub, a food and beverage outlet, a retail and events space all rolled into one," said Mr Lim Keong Wee, managing director of Cover Projects.

"The idea of combining TYCA and The Initial Residence is to create an integrated experience of live, work and play so that patrons can get their work done while experiencing the comfort of living in the city fringes."

The official opening of Initial Residence and TYCA comes at a time when studies are showing that more young Singaporeans, compared with older age groups, are considering renting and flat sharing as they find current property prices too high, according to a consumer sentiment study released by real estate portal PropertyGuru in September.

"The statistics are indicating that there is a demand for comfortable co-living spaces with amenities to boot, and we are aiming to plug that gap with the introduction of Initial Residence and TYCA in the city fringes," added Lim, who also runs an design practice.

Among the fringe activities featured on TYCA's official opening day included a plant-styling workshop by Nature Dialogue, Sake Tasting Experience by Tsunan Brewery and Coffee Workshop by Liberty Coffee. A multi-functional space for individuals, group discussions and learnings will also provided added value for patrons and guests at the facility.

"In time, there will be more fringe activities which we will introduce to TYCA which will benefit patrons, and these will include physical and mental wellness programmes and also a hub for cyclists who ply through the Balestier route," added Mr Lim.

TYCA will also offer an event hall for organisations keen to use the space for corporate or group events. All enquiries can be forwarded to [email protected]. Follow TYCA on Instagram @tyca_sg and on Facebook @Th4nk.Y0u.C0me.Ag4in.

For media queries, please contact [email protected].

About Thank You Come Again

TYCA is a Singapore-born food and beverage and co-working space outlet in Singapore which serves up contemporary cuisines at affordable prices for working adults. TYCA provides a convenient location along the city fringes for residents of the area and nearby communities to use as location for remote working, and is housed below The Initial Residence. TYCA also aims to curate social experiences such as group dining, plant styling courses and wellness activities for patrons, bringing work and play closer to neighbourhoods.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comA newly-established co-working space with food and beverage (F&B) options is aiming to enhance and build on a work from cafe culture in the heart of Balestier, while allowing for hybrid working and interacting with communities within the vicinity.

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