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Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo

A recent court decision has delivered a mixed verdict for cryptocurrency exchange Coinbase in its ongoing legal battle with the Securities and Exchange Commission (SEC). The crux of the dispute centers around whether certain Coinbase offerings qualify as unregistered securities. The SEC’s argument hinged on classifying Coinbase Wallet, a service allowing users to store cryptocurrencies, as an unregistered broker. The court, however, disagreed. This victory for Coinbase […]

HSBC Streamlines Gold Investment for Hong Kong Residents with Tokenized Product

Hong Kong residents looking to invest in gold can now do so through a more convenient and accessible method thanks to HSBC’s launch of a tokenized gold product. This innovative initiative, a first-of-its-kind for retail investors in the region according to HSBC, leverages blockchain technology to provide a fractional ownership option for the precious metal. The product, called the HSBC Gold Token, is built on the bank’s […]

Hong Kong Seen Granting Mainland Investors Access to Crypto via ETFs

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), is expected to approve a structure for Bitcoin exchange-traded funds (ETFs) that could lure mainland Chinese investors into the cryptocurrency market, according to a Bloomberg Intelligence analyst. This in-kind creation and redemption model for spot Bitcoin ETFs differs from the cash-settled structure currently favored by the US Securities and Exchange Commission (SEC). In-kind creation allows authorized participants, […]

Floki & TokenFi eyes MENA

Floki, hailed as the world’s biggest success story, has made its presence felt worldwide, from New York’s Times Square to regions beyond. It is now setting its sights on the Middle East and North Africa (MENA) to further extend its influence, especially with its sister project TokenFi. The Arabic video promo shared on X provides a glimpse into what TokenFi products will soon offer in the MENA […]

Central Department Store, under Central Retail, Massively Invests Bt 4 Billion to Transform Central Chidlom to a Luxury Department Store, “The Store of Bangkok”

BANGKOK, THAILAND – Media OutReach Newswire – 26 March 2024 – Central Department Store, under Central Retail Corporation, has announced a substantial investment of 4 billion baht to transform Central Chidlom into “The Store of Bangkok.” Aspiring to establish itself as a luxury department store, it endeavors to provide customers with a comprehensive “One-Stop-Shopping” experience. Setting new benchmarks with its world-class sophisticated design, elegant architecture, and a […]

Global Trading Platform Moomoo CA Rings the Opening Bell at Toronto Stock Exchange

TORONTO, CANADA – Media OutReach Newswire – 26 March 2024 – Moomoo Financial Canada Inc. (Moomoo CA), a leading next generation stock trading platform, rings the opening bell at the Toronto Stock Exchange to celebrate its approval as a TSX and TSXV non-trading member on March 26, 2024. This occasion symbolizes moomoo’s commitment to expanding its world class products and services in the Canadian market, empowering Canadians […]

ZJLD Group Recorded Revenue of more than RMB7 Billion for FY2023 Annual Results

The Premiumization Strategy Saw Outstanding Results, and Brand Reputation Steadily Escalated HONG KONG SAR – Media OutReach Newswire – 26 March 2024 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 06979. HK), an outstanding representative in the Chinese baijiu industry and the first baijiu company listed in Hong Kong Stock Exchange, is pleased to announce its […]

Strong Investor Appetite Propels Islamic Treasury Sukuk Program

The United Arab Emirates’ Islamic Treasury Sukuk program, a government debt issuance scheme compliant with Islamic finance principles, has garnered significant investor interest throughout 2023. This robust demand signifies the program’s success in fulfilling its objectives of fostering economic growth and establishing a robust debt market within the country. The program’s triumphs are evident in the high levels of oversubscription witnessed during auctions. The inaugural auction in […]

Spot Bitcoin ETF Outflows Grab Investor Attention

The cryptocurrency market’s spotlight has shifted dramatically towards the movement of money in spot Bitcoin exchange-traded funds (ETFs), pushing traditional market fundamentals aside, according to a recent report by Coinbase. This shift comes on the heels of the first week of net outflows in two months, totaling $836 million, reported by the cryptocurrency exchange between March 18 and March 21. This period coincided with a dip in […]

Kerry Logistics Network Announces 2023 Annual Results

HONG KONG SAR – Media OutReach Newswire – 26 March 2024 – Kerry Logistics Network Limited (‘Kerry Logistics Network’ or together with its subsidiaries, the ‘Group’ or ‘KLN Group’; Stock Code 0636.HK) today announced the Group’s annual results for 2023. Group’s Financial Highlights Revenue* decreased by 42% to HK$47,408 million (2022: HK$82,330 million) Core operating profit* dropped by 61% to HK$2,207 million (2022: HK$5,645 million) Core net […]

Border And Business Expansion: China’s Twin Pressure On India

Steer Clear: Common Pitfalls to Avoid When Entering the Bitcoin Market

Bitcoin, the trailblazer of cryptocurrencies, continues to capture headlines with its volatile price swings and potential for disruption. However, for the uninitiated, venturing into the world of Bitcoin can be fraught with risk. Here, we explore seven crucial mistakes to avoid for a smoother entry into the Bitcoin market. 1. Buying on Hype: Bitcoin’s price is notorious for its dramatic fluctuations. Rushing in on the heels of […]

Ripple Faces Potential $2 Billion Fine in SEC Standoff

Ripple Labs, the company behind the XRP cryptocurrency, is facing a potential $2 billion penalty from the Securities and Exchange Commission (SEC) in an ongoing legal battle. The hefty fine highlights the escalating tensions between the SEC and the cryptocurrency industry, with both parties locked in a bitter dispute over the classification of XRP. The SEC contends that XRP is an unregistered security, and its sale violated […]

Trinamool Congress And BJD Are The Beneficiaries Of Bonds Purchased By Mining Companies

A Saudi coffee partnership aims to flavour global markets

Arabian Post Special Alghanim Industries, the region’s leading Costa Coffee franchisee, has joined forces with the Saudi Coffee Company, a subsidiary of the Public Investment Fund, in a strategic partnership to elevate Saudi Arabia’s coffee culture globally. This collaboration coincides with the opening of Alghanim’s 100th Costa Coffee store in the Kingdom, signifying a shared dedication to promoting coffee appreciation worldwide. The partnership will showcase Jazean, a […]

HTX Ventures unveiled the report on the topic of Ethereum Dencun Upgrade

SINGAPORE – Media OutReach Newswire – 25 March 2024 – HTX Ventures unveiled the report to examine the immediate impacts observed in the week following the upgrade after Dencun upgrade on March 13th, 2024, focusing on cost reduction, network performance, and the broader implications for the Ethereum ecosystem. HTX Ventures, the global investment arm of HTX, leverages an integrated approach that combines investment, incubation, and research to […]

Buy996.com: Revolutionary Platform for Brand Loyalty and Customer Rewards

Amidst growing competition in Southeast Asia’s e-commerce landscape, Buy996.com emerges as a game-changer for brands seeking innovative loyalty solutions. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 March 2024 – In a time where customer loyalty is the battleground for brands across Southeast Asia, Buy996.com introduces a transformative approach to loyalty and rewards programs. Spearheaded by a seasoned collective of e-commerce and digital marketing experts, this […]

Oman’s Domestically-Made Electric SUV Poised for Release

Omanis seeking an eco-friendly driving experience will soon have a locally-produced option. Mays Motors, a pioneering Omani company, has announced that their first electric SUV, the Mays Alive 1, is on track for a late-2024 release. Manufactured in the Duqm Special Economic Zone, the Alive 1 promises not only to be Oman’s first domestic electric vehicle but also a compelling choice for drivers seeking both performance and […]

Desirable Deserts: Dubai and Abu Dhabi Lure Affluent Property Seekers with Bargain Basement Luxury

Dubai’s iconic skyline, forever chasing the clouds, is witnessing a new kind of gold rush. This time, however, the prospectors aren’t panning for precious metals, but for prime real estate. High-net-worth individuals (HNWIs) and foreign investors are flocking to Dubai and its Emirati neighbor, Abu Dhabi, drawn by a unique allure: luxury properties priced competitively against the global market. The trend isn’t merely a trickle; it’s a […]

OPEC chief says economy without oil ‘wrong, unrealistic’

The head of the Organization of the Petroleum Exporting Countries (OPEC) has poured cold water on the idea of a rapid and complete departure from oil. Haitham Al Ghais, OPEC Secretary General, argued that abandoning oil entirely is both “wrong” and “unrealstic” due to its deeply embedded role in global energy infrastructure. Al Ghais’ comments come amidst growing pressure to transition towards renewable energy sources to combat […]

Subsidiary of Singapore-owned Powerplus Group awarded licence to explore and mine copper, gold and manganese in Papua New Guinea

SINGAPORE – Media OutReach Newswire – 22 March 2024 – In late 2023, one of Powerplus Group Pte Ltd’s (“Powerplus Group”) subsidiaries, Niugini Resources and Investments Pte Ltd (“NRI”), a Singapore-based mineral exploration and development company, secured a concession as large as the country it is headquartered in for copper, gold and manganese. Powerplus Excavators are robust equipment used for mining operations globally. The size of the […]

Saturating traditional business forces telcos to embrace fintech

Arabian Post Special With core telecom businesses reaching maturity, characterized by high mobile penetration rates exceeding 100% in some countries, the region’s telecommunications companies are embarking on newer ways to boost revenues by embracing technology to expand their footprint and diversify their income sources . Fintech appears to be a most dominant theme. UAE telecom giant e& has set an  ambitious target of generating 40% of its […]

Prudential customers are the first to enjoy online nomination of beneficiary service using Sign with Singpass

The online service which leverages Singpass’ digital signing service makes it easier for policyholders to complete their nominations SINGAPORE – Media OutReach Newswire – 22 March 2024 – Starting from 15 March 2024, Prudential Singapore (“Prudential”) policyholders are able to nominate their beneficiaries online. Prudential is the first insurer in Singapore to roll out an online nomination of beneficiaries (“online NOB”) service using Sign with Singpass, which […]

QIC shares insights in Europe on the significant opportunities in decarbonisation and decentralisation

BERLIN, GERMANY – Media OutReach Newswire – 22 March 2024 – Queensland Investment Corporation (QIC) this week participated in the annual Infrastructure Investor Global Summit which took place in Berlin from 18-21 March 2024. A large contingent from QIC’s London, New York and Australian offices were in attendance for what is the largest infrastructure investment gathering annually. Arash Shojaie, Senior Principal, QIC Infrastructure Kirsten Whitehead, Partner, QIC […]