Hyster has announced its 10-18 tonne lift capacity trucks are now available with an electric drivetrain, helping businesses achieve zero-emissions objectives by making the switch to electric forklifts.
The new Hyster J10-18XD lift trucks lift up to 18-tonnes and feature lithium-ion battery packs providing full power and acceleration, comparable to a diesel forklift but with no emissions.
“This is a breakthrough for businesses in heavy industry that are keen to achieve green objectives in factories, warehouses and yards,” says Jan-Willem van den Brand, Director Global Market Development, Big Trucks, for Hyster. “With support from Hyster, the transition to clean electric power is now simpler than ever and comes with no compromise on performance or efficiency.
“Operations undertaking tough tasks in demanding industries, such as those typically found in timber, metals, and construction applications, can rely on these new electric forklifts inside and outside, for ICE-like performance across one, two or three shifts, alongside the convenience of opportunity charging,” van den Brand continues.
The new Big Trucks are also intelligently designed to prevent overheating, uniquely combining liquid cooled motors and inverters with 350V lithium-ion batteries. The high voltage and low current system featured in the new trucks not only greatly reduces heat development, but also incorporates specially designed water-cooled motors and drive controllers to further prevent heat build-up. Battery monitoring systems also help to control under and overcharging.
Whether the trucks are used to unload steel bars from a train, feed concrete moulds into a manufacturing process, or transport wood-based panels through a manufacturing site, the new Hyster electric trucks may provide even better productivity than a diesel alternative. The quiet and comfortable cabin also improves the driver experience, alongside outstanding visibility, ergonomics, and productivity-enhancing features.
“Regardless of if the truck is used for periodic or continuous operation, you can drive these trucks like a diesel,” says van den Brand, explaining that as with an IC-powered Hyster Big Truck, the new electric models provide exceptional traction power, acceleration and drawbar pull.
However, matched with the right application and operating intensity, the Hyster J10-18XD lift trucks may also help operations to reduce the Total Cost of Ownership.
The integrated lithium-ion batteries produce higher performance than lead-acid counterparts and have a longer life cycle, helping to keep costs down. Plus, each truck can be equipped with modular battery packs to store the necessary power required to meet the operational needs. The system is optimally designed for high power opportunity charging, removing the need to swap batteries, so uptime is maximised, and shift changes and breaks become productive. The new truck option requires just 11 minutes of charge for up to one hour of work.
“With less time needed for charging, a wide range of applications can benefit from greater truck availability,” says van den Brand. “Operations with two or three shift operations can easily top up the charge, preventing the need for battery exchange and a separate charging room. As the battery and electric motor are maintenance free this also helps reduce costs, further contributing to a low Total Cost of Ownership.”
To support businesses in their journey from a diesel to an electric fleet, Hyster works closely with operations to plan the transition, providing options that enable the correct electric lift truck to be configured for differing application needs. The experts at Hyster also advise on the necessary changes to electrical and infrastructure needs, plus a suitable charging strategy and process. Further support is given through training and servicing throughout the lifetime of the lift truck.
“Green objectives are also important to many businesses, some of which are exploring the implementation of solar panels and other onsite methods of generating electricity. In many countries there are also tax incentives and grants that support companies looking to invest in zero-emissions equipment,” says van den Brand. “These types of applications will find these new trucks an ideal choice when compared to diesel, both environmentally and economically.”
Those switching to lithium-ion forklifts receive the support of their local Hyster dealers. Across the world, they work with each customer to determine the exact requirements for the specific application and configure the battery system to suit the operation.
White Hat Hacker Reveals High-Risk Vulnerability on SushiSwap
A white-hat hacker recently took the DeFi sector by storm after allegedly speaking about high-risk vulnerabilities on SushiSwap. According to the anonymous hacker, the vulnerabilities can risk user funds worth billions of dollars.
SushiSwap developers could not secretly fix the issue, resulting in the information being shared with the public. The hacker stated that the motive of the reveal was educating existing and future SushiSwap users about the risks that come with such vulnerable contracts. Additionally, the white hat hacker pointed out how casually SushiSwap handled the matter being showcased to them.
The hacker allegedly noted two main vulnerabilities within the emergencyWithdraw function in two contracts; MiniChefV2 and MasterChefV2. The contracts monitor SushiSwap’s rewards farms and pools on sidechains like Polygon, Avalanche, the Binance Smart Chain, etc.
An emergency withdrawal feature can be a security net prevalently used in DeFi protocols. It includes SushiSwap’s ETH smart contracts. The function helps users withdraw their LP tokes in an emergency, potentially even forfeiting the earned rewards.
Although both contracts possess the feature, the anonymous hacker claims it is misleading and does not function as intended. The comment by SushiSwap regarding the emergency withdrawal feature says that users should be able to get the funds without worrying about rewards. However, the feature fails if the SushiSwap pool does not have any rewards.
As per the report, the token rewards offered by SushiSwap to liquidity provider token holders are held in another account. At times, the rewards run dry and require manual filling via a multi-signature account, which apparently resides in different time zones.
Thus, it allegedly takes signature holders around 10 hours to refill the rewards account. The report also claims that some rewards get empty several times every month.
During this period, liquidity providers on SushiSwap cannot collect rewards, unstake, stake, or even use the emergency withdrawal function. The lockup means user funds are essentially held hostage during the time, disallowing them to address any price movements in the staked liquidity provider tokens.
The hacker claims SushiSwap’s Discord team often encouraged users to use the emergency withdrawal feature. However, as the call would usually fail due to the vulnerability, token holders should wait until they are refilled.
After discovering the vulnerability, the hacker claimed confidentiality, reaching SushiSwap and reporting the bug. The hacker was redirected to Immuefi (bug bounty platform), where SushiSwap lists its bug bounty program.
With a 1.25 million dollars maximum bounty posted on the platform, hackers disclosing high-risk vulnerabilities can get up to 40,000 dollars. However, SushiSwap closed the issue without offering the bounty amount and not fixing the vulnerability either.
The hacker stated that SushiSwap purposely added a vulnerability to lock up and cost token holders millions of dollars, while also refusing to fix it.
Kim Kardashian shilling Ethereum Max was apparently a ‘successful’ crypto campaign
Morning Consult’s poll, which was conducted among 2,200 US adults in the days following Kardashian’s post, revealed that the share was even higher among crypto owners, at 31%.
Crypto audience responds to celebrities
When asked how much they have seen, read or heard about Kardashian’s Instagram post encouraging her followers to join the Ethereum Max Community, roughly three in ten crypto owners confirmed knowing about the celebrity’s endorsement.
“Kim Kardashian’s Instagram post encouraging followers to join the Ethereum Max community, besides having a reach that would make most financial advisors drool, serves as the latest reminder that cryptocurrency’s audience is radically different from what financial services leaders are used to serving,” concluded financial services analyst Charlotte Principato, who examined the poll’s results.
Morning Consult revealed that after being told in the survey that the reality star endorsed Ethereum Max, trust in cryptocurrencies, in general, dropped roughly 5 points.
Although the analyst pointed out that such celebrity endorsements are not necessarily good for crypto in general, Kardashian’s conversion unraveled as being quite impressive, since 19% of respondents who said they heard about the post disclosed having invested in Ethereum Max as a result.
Traditional financial advisors still have more sway
A staggering 45% of crypto owners turn to celebrities for crypto advice, the poll revealed, but despite the influencers’ grip on the investor sentiment, Principato pointed out that financial advisors still “have more sway.”
The poll revealed that 81% of crypto owners would follow cryptocurrency investment recommendations from a traditional financial advisor.
“They’re more likely to go to more sources for investing information than general investors, specifically social media and from investment apps such as Robinhood or Betterment,” according to Morning Consult.
“Investment leaders will need to remember that although financial advisors are still a trusted source of advice, they’re competing with more sources of information for crypto investors’ mindshare,” concluded the analyst.
The UK regulator used her Instagram promotion as an example, while calling for regulatory reform that would address crypto misconduct and the celebrities’ role in promoting pump and dumps.
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Dubai World Trade Center Enters Into Pro-Crypto Agreement
The Dubai World Trade Centre Authority (DWTCA) has signed a pro-crypto agreement with the UAE’s Securities and Commodities Authority (SCA). This would allow crypto asset trading and associated financial operations within the DWTCA’s free zone.
According to the Dubai World Trade Centre, the Securities and Commodities Authority (SCA) will take charge of the regulatory oversight for the issue, trading, and listing of digital assets within Dubai. The SCA will additionally regulate financial operations that fall within the jurisdiction of the DWTCA’s.
The agreement also permits the SCA to inspect businesses operating within DWTCA’s free zone and putting up a mechanism for the DWTCA to grant required permissions and licenses, permitting formal operations of crypto asset-related financial activities.
Helal Saeed Almarri, the Director of Dubai World Trade Centre Authority (DWTCA) and Dubai Department of Tourism and Commerce Marketing (DTCM), said that the agreement with the Securities and Commodities Authority will enable DWTCA to expand its regulatory, licensing, and services, and extend centralized crypto market oversight to their free zone. New technologies like NFTs are poised to play a key part in the future of commerce. Building on the Future Blockchain Summit, the DWTCA is looking for ways to provide a long-term home for this ecosystem to remain future-ready.
Dubai Authorities joining the long line of countries to support crypto
Governments are quickly recognizing the crypto industry’s scalability potential. While nations, including El Salvador, continue to adopt the Bitcoin Legal Tender despite public outcry, the Indian subcontinent is seeing government leaders show support for the crypto sphere.
Nirmala Sitharaman, India’s finance minister recently pointed out that the government’s cautious approach to crypto might be a mistake, and that they have to “make sure that the futuristic item can’t be blocked out.”
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