Tech
South Africa Regulates Cryptocurrencies as Financial Assets! SpaceX launches Starlink for private jets
South Africa regulates cryptocurrencies to treat them as financial assets! Read top tech news today
Good morning tech family, here are some quick tech updates for you to follow!
Today’s news: The ongoing US-China AI chip is about to induce further volatility in the Asian semiconductor market.
Quick insights: Dell Technologies and NTT have built an eco-friendly data center for financial payment services provider PhonePe using liquid immersion technology.
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has issued a short notice indicating that all cryptocurrencies will now be treated as financial products, allowing them to be regulated. The FSCA defined cryptocurrencies as the digital representation of value and mandated that they be regulated in the country from the day the notice was published.
Vitalin Buterin introduces a new DIE token to reverse the effects of the THE Protocol token. This new protocol was born after the creator of Ethereum tweeted about DIE. Initially, Buterin had joked about launching a project called “The Protocol”, but the community took it upon themselves to mint the token themselves and increase its value. The ongoing nonsense between DIE and THE token is attracting more and more attention from investors, which were previously Bitcoin and Ethereum protocols.
Elon Musk’s SpaceX is expanding Starlink’s focus to onboard WiFi services with the launch of Starlink Aviation on Wednesday, offering customers a $150,000 aircraft antenna amid growing competition for airborne connectivity. SpaceX is expected to charge customers seeking broadband internet on private jets between $12,500 and $25,000 a month for the service, plus a one-time hardware cost of $150,000.
PhonePe launches its first green data center in India, with the help of Dell Technologies and NTT using liquid immersion technology, the first of its kind in India. It is a 4.8 megawatt facility occupying 13,740 square feet in Navi Mumbai, India. The structure is designed with advanced alternative cooling technologies such as direct contact liquid cooling and liquid immersion cooling. Only the latest and greatest technology is used to create this eco-friendly data center.
The ongoing chip war between the United States and China is becoming more hostile than industrialists had anticipated. Shares of Asian semiconductor companies are expected to fall in value after the United States sharply increased restrictions on chip exports to China a few weeks ago. Asian chipmakers are caught up in the growing geopolitical tension between the two economic giants.