Power Ledger partners with BCPG to develop energy trading

Power Ledger and BCPG partnered in order to let users trade renewable energy from solar panels via secure banking interface in Thailand
18 December 2017   1342

On December 18, the renewable energy developer BCPG which is backed by Thailand Government, has made an announcement stating that it partners with Power Legder in aim to bring peer-to-peer renewable energy trading to Thailand.

As it was stated in the official announcement Power Ledger energy-trading platform will be used to let building managers trade renewable energy from solar panels installed on each building with autonomous financial settlement enabled via the use of a secure banking interface.

BCPG is currently in a process of selecting a bank in Thailand which will provide financial settlement for peer-to-peer energy transactions in Asia.

This will help reduce the government’s investment in building large-scale power plants to meet the growing demand for electricity and at the same time offer customers and consumers a greater choice of electricity from renewable energy in the form of Peer-to-Peer energy trading.

Bundit Sapianchai

President, BCPG

The price of Power Ledger has started to rise rapidly following the news, having grown 5% within one hour which led to the numbers of 55% increase within past 24 hours and 107% within past 7 days. Power Ledger has exceeded the price of $1 at 06:15 UTC on December 18.

Power Ledger charts december 2017Power Ledger Charts

At the moment of press, the coin continues to grow in price and those are main market parameters of Power Ledger:

  • Average price: $1,13
  • Marketcap: $399 344 162
  • 24h volume: $134 390 000

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.