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US, June 30, 2021 - (ACN Newswire) - News flows the past week has centred around BTC s big flash dip and about how long-term investors are taking the chance to accumulate more BTC. However, no one seems to be talking about the second largest coin, ETH. Is ETH a good buy at these levels?
The rise in DeFi is the single largest contributor towards the demand for ETH in this bull run as ETH is used both as a collateral as well as a fuel to use the ETH blockchain for yield-farming. While other developments like NFTs also contribute to the popularity of ETH, by and large, 90% of the demand for ETH has been for DeFi usage so far. Thus, to study if ETH is a worthwhile investment now, our focus should still be on DeFi, specifically, the trend about DeFi going forward.
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Warburg Pincus-backed Princeton Digital to invest $1 bln in Japan data centre Reuters 3 hrs ago
SINGAPORE, June 29 (Reuters) - Singapore-based Princeton Digital Group (PDG), backed by private equity firm Warburg Pincus, said on Tuesday it was investing $1 billion to build a data centre facility in Japan, marking the company s foray into its fifth market.
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The new campus at Saitama City, a commercial center in the Greater Tokyo area, will have close to 100 megawatts (MW) of capacity across two phases of 48.5 MW each, the company said.
The Japan campus will be fully operational by the end of 2023 or early 2024, Chief Executive Rangu Salgame told Reuters.