Belgium is working on a particle accelerator-powered nuclear reactor, known as the Myrrha project (Multipurpose Hybrid Research Reactor for High Technology Applications), at the Mol Center for Energy Studies. The first phase of development will take the period 2026-2028, the second 2033 and it is estimated to be operational between 2036 and 2038.

Researchers estimate that the new, more efficient reactor will produce in one second the energy a family requires for a year. The waste emission will be 100 times less than a current reactor, and it is expected that this innovation will serve as a tool in the fight against cancer.

Regarding the structure of the reactor, the research center indicates that it will be 300 meters long, with a power of 2.4 megawatts and the ability to turn itself off and on in a matter of thousandths.

The Myrrha project, which involves 230 people from 25 countries, is financed by the government, which provides 558 million euros. Another part comes from European funds. A total budget of 1.6 billion is estimated, although private investment will be needed to complete all phases.

Belgium is a pioneer in the development of this reactor, nuclear research and its application in the medical area.

M.Pino

Source: DW

(Reference image source: Unsplash+, in collaboration with Alex Shuper)

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La entrada Belgium will develop a nuclear reactor that will produce a year’s worth of energy in one second apareció primero en Bitfinance.

The FSMA, Financial Services and Markets Authority, found that “Binance is offering and providing currency exchange services between virtual and legal tender currencies, as well as electronic wallet, in Belgium from countries that are not members of the European Economic Area. For this reason, the agency ordered on Friday the immediate cessation of the offer and provision of these services in the territory.

The agency has explained that both natural and legal persons subject to legislation outside the European Economic Area are prohibited from providing these services in Belgium as a professional activity, “even if it is secondary or auxiliary”. Violating the decreed prohibition, clarifies the FSMA, would constitute an offense punishable by article 136 of the Belgian Law on the Prevention of Money Laundering and Terrorist Financing.

According to the financial authority, Binance offers these benefits in Belgium through “operators” that are not specified in the terms and conditions of service. “There are 27 companies apparently involved in the technical or operational aspects of providing these services, of which 19 appear to be based outside the European Economic Area,” he added.

The FSMA has highlighted that, despite the information requirements made to Binance, it “has not been able to demonstrate through proper documentation or evidence” that the activity in Belgium of the aforementioned entities is authorized by another EEA member state.

Legal issues Binance faces

This is not the first setback that Binance has faced, as the United States Securities and Exchange Commission (SEC), regulator of the markets in the country, accused Binance on June 5, its affiliated companies and its CEO, Zhao Changpeng, from violating US securities laws.

“We assert that Zhao and the Binance entities were not only aware of the rules, but consciously chose to circumvent them and put their clients and investors at risk in order to maximize their own profits,” the SEC said at the time.

In a case filed in federal court, the SEC argued that Binance operated unregistered, rigged stock trading controls, and sold unregistered securities. It also breached trust by diverting assets from its clients to Merit Peak Limited, also controlled by Zhao.

“Through thirteen counts, we find that Zhao and Binance entities concocted an extensive web of deceit, conflicts of interest, lack of transparency and premeditated violation of the legal order,” it added.

In addition, four days later, on June 9, Binance.US, the North American division of the platform, reported that it was suspending deposits denominated in US dollars and that on June 13, at the earliest, it would “pause” services on this platform. currency to operate exclusively with crypto assets. Binance.US justified this move on the “extremely aggressive and intimidating tactics” of the SEC.

“To protect our clients and our platform, we are suspending US dollar deposits today and notifying clients that our banking partners are preparing to pause fiat money (USD) withdrawal channels as soon as June 13, 2023, Binance.US tweeted, urging affected users to take “appropriate action.”

Source: dpa

(Reference image source: Kanchanara, Unsplash)

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La entrada Belgium ordered the immediate cessation of Binance’s activities in the country apareció primero en Bitfinance.

The risks that cryptocurrency transactions entail for those who do not have information about this market have led Belgium to join the supervision of all publicity on the subject.

The measure was taken a week ago and announced in a statement, stating that the Financial Services and Markets Authority will be the entity in charge of executing the order.

It means that any advertising or campaign aimed at inviting people and investing in cryptocurrencies must first be referred to the Financial Services and Markets Authority. In a period of ten days the result would be announced, which could be the intervention of said advertising.

The main reason for this measure is the security of those who seek to invest in cryptocurrencies but do not have sufficient knowledge about the risks of this market, which makes them potential victims of crimes related to these assets.

Regulators from the Financial Services and Markets Authority will study aspects of advertising such as the proper presentation of the risks involved in investing in cryptocurrencies.

M.Pino

With information from cryptocurrency specialized media

(Reference image source: Henri Buenen, Unsplash)

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La entrada Belgium to review all cryptocurrency advertising apareció primero en Bitfinance.

The Belgian federal government has decided this Friday to prohibit the use of the application of the Chinese social network TikTok on the official devices of its personnel considering for security reasons, a measure that in recent weeks have also been implemented by institutions of the European Union.

“The TikTok application is already prohibited at the federal level. It is a logical and necessary decision,” said one of the deputy prime ministers of the Belgian Government, the environmentalist Georges Gilkinet, announcing the decision made this very same day on his Twitter profile.

The ban will affect both the ministers and their cabinets and the federal civil service, as agreed by the National Security Council following the conclusions of a report by the intelligence services (State Security) that point out the security risks of the platform.

Already in the middle of the week, the Belgian Minister of Justice, Vincent van Quickenborne, raised the advisability of vetoing the installation of this social network on the devices that public administration personnel use for professional use.

Source: dpa

(Reference image source: Solen Feyissa, Unsplash)

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La entrada Belgian federal government bans TikTok on official devices of its staff apareció primero en Bitfinance.

Germany’s gas storage facilities are 90.07 %, despite Russia cutting off gas supplies since late August, data from European operators shows.

On Monday night, the level had increased by 0.32 percentage points from the previous day. Level data is always communicated with a delay.

Germany had stipulated through a ministerial decree that storage facilities must be at least 95 % full by November 1st. The amount of gas stored at this level roughly corresponds to national consumption in January and February 2022.

The deposits compensate for fluctuations in consumption and therefore constitute a kind of buffer system for the gas market. They are usually well filled at the beginning of the heating season in the European autumn. Then they decrease until spring. On cold winter days, up to 60 percent of the gas consumption in Germany is covered by the country’s storage facilities.

Germany takes action as winter approaches

The government wants to take various measures to make them as full as possible at the beginning of the heating season, to better cope with the total loss of Russian supplies in winter.

Currently, Germany receives natural gas through pipelines from Norway, the Netherlands and Belgium. At the end of the year, the first two liquefied natural gas (LNG) landing terminals will be commissioned on the German North Sea coast.

The fill level of Germany’s largest storage facility, located in Rehden, in the state of Lower Saxony, is currently below 75 %. Due to scheduled maintenance of this warehouse, no more gas has been injected or withdrawn since last Monday. The maintenance is scheduled to last until next Saturday.

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Source: dpa

La entrada German gas tanks are 90 % full despite lack of Russian gas apareció primero en Bitfinance.

A series of oil terminals located in Belgium, the Netherlands and Germany recently suffered a major cyberattack, according to authorities.

The Antwerp prosecutor’s office, located in Belgium, confirmed the launch of an investigation of the cyberattack against the oil terminal in that port, the second largest in Europe after Rotterdam.

According to statements by Jelle Vreeman, an executive of the Riverlake, the attack generated “difficulties in the operation” because the operating programs were invalidated and it is not possible to proceed with the unloading of ships.

On the other hand, from Germany they confirmed that an “extortion investigation” was started due to this same event. Meanwhile, the European Union agency for police cooperation announced that it had offered its support to the authorities of the affected countries.

K. Tovar

Source: Bancaynegocios

La entrada Oil terminals suffer cyber attack apareció primero en Bitfinance.

Angela Merkel is visiting the areas that have been devastated by the floods in Western Europe, considered the worst of the century, leaving about 183 fatalities, dozens of disappeared and innumerable material damage in Germany and Belgium.

For Merkel the floods are a “tragedy” and she promised government support for the affected municipalities. The chancellor indicated that she will create a special fund to attend to the damages, the cost of which could reach billions of dollars.

The German Chancellor was in Washington when the deadly floods occurred. Merkel arrived in the town of Schuld, located in the state of Rhineland-Palatinate, considered one of the places most affected by the rains in western Germany, where the flooding of the Ahr river devastated the houses, trees and everything in its wake, leaving the streets littered with debris.

The waters began to recede in Rhineland-Palatinate and North Rhine-Westphalia (RNW), passing into the southern region of Upper Bavaria, where heavy rains flooded basements and caused flooding of rivers and streams on Saturday night.

The extreme rains also affected Switzerland, Luxembourg and the Netherlands, as rescue forces try to find survivors in the rubble.

M. Rodríguez

Source: elnacional.com

La entrada Germany allocates special fund to deal with floods apareció primero en Bitfinance.

Belgian digital artist Dries Deporteer created an Artificial Intelligence (AI) that uses technologies like facial recognition to determine whether politicians are looking at the phone during parliamentary sessions.

“The Flemish Scrollers” as Deporter’s digital art work is known, is a system that automatically tags legislators in the Parliament of Flanders in Belgium when it detects that they are using the smartphone during a meeting.

How does it work?

To achieve this, it first analyzes through an AI algorithm written in the popular Python programming language, the video of all the sessions that is broadcast live on the YouTube channel of the Parliament of Flanders.

In the event that there are no live broadcasts, previous videos of the channel are analyzed, according to its author through a statement.

The developed tool works automatically, and uses machine learning to detect mobile devices in the videos and facial recognition to identify each politician.

In the images shared on the system, a white box is shown that identifies each official with a degree of probability, and another green box with a percentage analyzes the probability that they have the mobile in their hands.

Warning

In case of detecting a politician distracted on the phone, the system automatically shares a capture through Twitter or Instagram, tagging the account of the character in question, along with a message asking him to keep his attention.

Source: elsumario.com

La entrada AI will monitor the activity of parliamentarians in Belgium apareció primero en Bitfinance.