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On September 12th, He Baohong, Chief Engineer of the China Academy of Information and Communications Technology (CAICT), stated at the 2026 China Computing Power Conference that the development of comprehensive computing power should revolve around differentiated layout, software and hardware industry systems, low-carbon computing power infrastructure, and a nationally integrated institutional system, driving the shift in computing power construction from scale expansion to quality and efficiency improvement. Regarding regional policy implementation, advantageous regions should focus on both improving existing capacity and addressing rigid demand gaps, deeply cultivating high-value-added scenarios; growing regions should strengthen regional computing power hubs, using industry applications to drive upgrades in storage, computing, and network infrastructure; resource-rich regions should undertake non-real-time businesses such as training and cold data, supplementing their external transportation networks and industrial ecosystems. In terms of extending and strengthening the industrial chain, it is recommended that newly built intelligent computing centers be equipped with storage and networks simultaneously, improving the entire chain of chips, servers, databases, and models, using real business needs to drive the construction of computing power, storage, and transportation capacity. Regarding green empowerment and unified management, it is recommended to promote liquid cooling, energy-saving renovations, and computing-electricity synergy, improve clean energy consumption, and improve pricing, trading, value accounting, and compliance supervision systems.September 12th - Following the Houthi rebels capture of the key Red Sea town of Muha, the number of ships passing through the Bab el-Mandeb Strait on the 10th plummeted to single digits. Data shows that as of approximately 3 PM local time on the 10th, only six ships had passed through the strait that day, compared to 30 on the 9th, 26 on the 8th, and 29 on the 7th. The report stated that of the ships that passed through on the 10th, five carrying grain, crude oil, coal, and fertilizer left the strait, while another ship entered. The Bab el-Mandeb Strait connects the Red Sea and the Gulf of Aden and is a vital shipping route in the Middle East, handling approximately 12% of the worlds goods.September 12th - According to Canadian media reports on September 11th, Dominic LeBlanc, Canadas Minister for Canada-US Trade, stated at a cabinet meeting that there are currently no formal trade negotiations arranged between Canada and the United States, but he remains in contact with US Trade Representative Greer and US Commerce Secretary Howard Lutnick. LeBlanc said the escalating trade dispute between Canada and the United States remains a key issue for the government. The Canadian government must prepare for potential trade agreements, and any agreement must respect Canadian sovereignty and be in the national interest.On September 12, Sun Lei, Chargé dAffaires ad interim of the Permanent Mission of China to the United Nations, spoke at a high-level discussion during the UN South-South Cooperation Day commemoration on September 11, calling for deeper South-South cooperation. Sun Lei stated that China supports the statement made by Uruguay on behalf of the "Group of 77 and China" and appreciates the efforts made by the UN Office for South-South Cooperation to promote development in the Global South. Southern countries face the common task of achieving economic and social development and should adhere to the principles of independence, equality, and mutual benefit, leveraging the advantages of South-South cooperation in capacity building and knowledge sharing to form a synergy for development. China has always been a member of the Global South and welcomes the continuous enrichment of South-South cooperation mechanisms and platforms. China expects relevant cooperation to continue to be led by developing countries and demand-oriented, achieving practical results.On September 12, officials from the U.S. engineers union stated that Boeing (BA.N) and its union reached a provisional contract agreement on Friday. This four-year proposal includes a higher general wage increase than the first proposed plan. The first plan was overwhelmingly rejected by members of the Society of Professional Engineers in Aerospace Engineering (SPEEA) in a vote on August 21. If approved, approximately 17,000 members in SPEEAs professional and technical divisions would receive a 10% pay rise on October 16, followed by a 4% annual increase between 2027 and 2030, plus performance-based increases. Ben Nimgurt, Boeings vice president of production engineering and chief competency engineer, stated in a statement, "Our final contract addresses the primary concerns raised by employees and the SPEEA negotiating team, including immediate pay rises and a larger, guaranteed pay pool." According to the union, the latest proposal also includes adjustments to remote work policies and overtime restrictions for professional division members.

Ethereum blockchain to undergo major upgrade to cut energy use

Skylar Shaw

Sep 13, 2022 11:48

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This week, the Ethereum blockchain is slated to get a long-awaited software update aimed at reducing its enormous energy usage, a move that supporters think may increase the technology's use and bolster the price of the ether token.


The "Merge," an update that will fundamentally alter how ether tokens are produced and transactions on the Ethereum blockchain take place, will take place. According to the Ethereum Foundation, a group that serves as the network's spokesman, the new system will use 99.95% less energy.


Although the precise time of the Merge is uncertain, it was predicted on Monday by Google and other websites monitoring the blockchain that it will occur in the early hours of Thursday. According to the Ethereum Foundation, it will happen from September 10 to 20. The event has already been postponed multiple times.


If it is successful, Ethereum will switch from its current "proof of work" system, which relies on energy-guzzling computers to validate transactions by solving difficult mathematical puzzles, to a "proof of stake" protocol, in which users and organizations act as validators and use ether as collateral in an effort to win new tokens.


According to statistics website CoinGecko, ether is the second-largest cryptocurrency behind bitcoin, with a market capitalization of almost $200 billion. According to statistics from CoinMetrics, there are around 1 million to 1.5 million transactions per day on the Ethereum blockchain as opposed to 200,000 to 300,000 for Bitcoin.


Early this year, the price of cryptocurrencies fell precipitously as investors fled riskier investments due to a general decline in the financial markets. Ahead of the Merge, Ether has increased by almost 65% since the end of June, whereas bitcoin has hardly changed.


In terms of Ethereum's broader developmental plan, this is a very significant event, according to James Malcolm, head of FX strategy at UBS. However, he said, the Merge is already included into the price of ether, so it may not necessarily have an effect.

ENERGY-SAVING?

Some investors and environmentalists have criticized the excessive energy consumption of cryptocurrency and blockchain technology. According to researcher Digiconomist one Ethereum transaction presently consumes as much energy as a typical U.S. home does in a week.


According to supporters, the energy-saving improvement marks a significant advancement in the competition to become the best blockchain in the world.


In the area of decentralized finance, Ethereum has emerged as the preferred blockchain for a variety of tasks, including smart contracts and initiatives using tokens that represent conventional assets like stocks and bonds.


Supporters of Ethereum claim that the technology will serve as the foundation for a new financial system in which assets and money can be traded in the form of digital tokens without the need for traditional financial service providers.


Others see it as the foundation of the so-called "Web3," a much-hyped but as-yet-unrealized version of the internet where blockchain technology and digital assets take center stage.


Even yet, trading is by far the most common application of ether, which has only recently seen limited mainstream popularity as a form of payment.