logo

News related to
blockchain

In June, Monero, a leading privacy-focused cryptocurrency, emerged as the dominant choice for payments at Shopinbit, a prominent online retailer based in Europe. The surge in Monero transactions reflects a growing preference among consumers for financial privacy and anonymity in digital transactions. Shopinbit, known for its wide range of products including electronics, apparel, and household goods, reported a notable uptick in transactions conducted using Monero during the […]

HONG KONG SAR – Media OutReach Newswire – 12 July 2024 – Today, IX Asia Indexes announced the 2024 2nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19th July, 2024 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index (“IXCI”) […]

Indian cryptocurrency exchange CoinDCX, the nation’s largest by valuation, has announced a strategic move to solidify its presence in the global crypto market. In a recent development, CoinDCX acquired BitOasis, the leading cryptocurrency exchange platform in the Middle East and North Africa (MENA) region. This acquisition marks a significant step for CoinDCX, propelling it towards becoming a major international player in the cryptocurrency landscape.

Financial details of the acquisition haven’t been disclosed by either company. However, industry analysts believe the deal involves a substantial investment, considering BitOasis’ established position in the MENA region. Founded in 2016, BitOasis boasts a user base spanning 15 countries across the region and facilitates trading in over 60 cryptocurrencies. It has processed a trading volume exceeding $5 billion since its inception.

With this acquisition, CoinDCX gains access to a new and promising market. The MENA region has witnessed a significant surge in cryptocurrency adoption in recent years. Regulatory clarity and government initiatives supportive of blockchain technology have fostered a fertile ground for crypto businesses in the region. CoinDCX can leverage BitOasis’ experience and network to cater to this growing demand and expand its user base significantly.

The acquisition presents several advantages for BitOasis as well. CoinDCX’s financial muscle and technological expertise can empower BitOasis to accelerate its growth plans. The combined entity will boast a wider range of products and services, along with stronger liquidity, benefiting users on both platforms. Additionally, BitOasis can tap into CoinDCX’s institutional investor network, opening doors to new avenues for growth.

Experts believe this acquisition is a win-win for both companies. CoinDCX gains a foothold in a promising new market, while BitOasis receives the resources and backing to solidify its leadership position in the MENA region. The combined entity is expected to become a formidable force in the global cryptocurrency market, shaping the future of digital assets in these regions.

Nigeria’s National Information Technology Development Agency (NITDA) is exploring the development of a domestic blockchain specifically designed to bolster national security and safeguard citizen data. The proposed initiative, dubbed “Nigeria”, has garnered support for its potential to empower the nation with greater control over its information infrastructure. Kashifu Abdullahi, Director-General of NITDA, emphasized the project’s significance in fortifying national security. He believes a domestically-developed blockchain would offer […]

HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The annual BUSINESS GOVirtual (BGOV) Expo & Conference, focused on innovation and technology, will be held on 11-12 July 2024 at the Hong Kong Convention and Exhibition Centre. Event to Highlight Two Major Technology Trends: Generative AI and Digital Assets Generative AI and Digital Assets are the two new drivers of future economic growth. Over […]

In a move that has sent ripples through the cryptocurrency world, the German government recently transferred a significant amount of Bitcoin to various locations. On July 4th, blockchain security firm PeckShieldAlert identified a substantial outbound transaction of over 3, 000 Bitcoin, valued at roughly $172 million, from a digital wallet linked to the German Federal Criminal Police Office (BKA). The transferred Bitcoin was divided and sent to […]

The cryptocurrency realm witnessed a dramatic surge in theft during the first half of 2024, with stolen digital assets exceeding $1. 38 billion according to a report by blockchain research firm TRM Labs. This figure marks a staggering increase compared to the same period in 2023, where crypto hacks yielded roughly $657 million. Researchers attribute this troubling trend to two key factors:a rise in the value of […]

Advertisements

HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – Today, IX Asia Indexes announced the 1st Half 2024 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide the professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed […]

ML-enabled blockchain intelligence startup aims to tackle “unknown unknowns” in smart contract vulnerabilities NEW YORK, US – Media OutReach Newswire – 4 July 2024 – Mamori.xyz, an automated blockchain value extraction system, has successfully raised US$5 million in seed funding to advance its mission of revolutionizing Web3 security and optimization. The round was led by Blockchain Capital, with participation from Velocity.Capital and Web3.com. Mamori.xyz has successfully raised […]

LONDON, UK – Media OutReach Newswire – 4 July 2024 – In the rapidly evolving world of cryptocurrency, finding a platform that combines innovative technology, compliance and security, and profitability is crucial for every trader. As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. Founded by Alex Sandro, a Cambridge University graduate, UbitEx is redefining the […]

LONDON, UK – Media OutReach Newswire – 4 July 2024 – As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. UbitEx is redefining the landscape of crypto trading with its industry-leading AI technology and user-centric approach. Beyond Trading: UbitEx’s Complete Product Ecosystem At the core of UbitEx’s success is its cutting-edge FlyLeopard AI technology. This intelligent […]

Bitpanda Mena, the regional arm of the leading European crypto investment platform, has revealed a significant rise in cryptocurrency adoption within the United Arab Emirates (UAE). This surge comes amidst a period of growing interest and regulatory clarity surrounding digital assets in the region. According to Bitpanda Mena, the UAE has witnessed a substantial increase in new user registrations on their platform. This trend reflects a broader […]

HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – IX Capital International Limited has released the Asset Tokenisation Standard Discussion Paper. Over the years, tokenised bonds have gained popularity. As of the end of March 2023, the total issuance of tokenised bonds globally reached US$3.9 billion, with approximately 90% of these tokenised bonds were issued between 2021 and 2023. The Asset Tokenisation Standard (“Standard”) […]

Riyadh, Saudi Arabia, Duisburg, Germany, and Oslo, Norway – 1st July 2024 RIYADH, SAUDI ARABIA/ DUISBURG, GERMANY/ OSLO, NORWAY – Newsaktuell – 1 July 2024 – MVW Lechtenberg Projektentwicklungs- und Beteiligungsgesellschaft GmbH, the leading consulting firm specializing in alternative fuels for the cement and related industries, in collaboration with Empower, a leading provider of innovative traceability solutions, is excited to announce the launch of a transformative plastic […]

The cryptocurrency market continues to evolve, presenting both challenges and opportunities for miners. While factors like mining difficulty and energy consumption remain crucial considerations, identifying the most profitable coins to mine can significantly impact your yield. Here, we explore the top 5 cryptocurrencies to mine in 2024, taking into account their current profitability, mining difficulty, and long-term potential. Emerging as a strong contender, BlockDAG utilizes a unique […]

The cryptocurrency market continues to witness a surge in interest for alternative coins, also known as altcoins. While Bitcoin (BTC), the world’s leading digital asset, remains the dominant player, altcoins are carving out a niche for themselves. Investors seeking high-growth opportunities are increasingly turning to altcoins, with some registering significant gains in recent months. A critical metric to gauge investor interest in a particular cryptocurrency is open […]

The burgeoning world of tokenized assets presents a captivating landscape for investors, offering fractional ownership, increased liquidity, and streamlined transactions. However, this innovation also carries inherent risks that require careful navigation. By understanding these unique challenges and implementing robust mitigation strategies, investors can participate in this evolving market with greater confidence. One of the primary concerns lies in the nascent regulatory environment surrounding tokenized assets. Unlike traditional […]

COLORADO, US – Media OutReach Newswire – 25 June 2024 – The renowned cryptocurrency trading platform JUHBZ recently announced its global community collaboration program, aimed at advancing knowledge dissemination and user ecosystem development in the cryptocurrency industry through deepening cooperation with global communities. This initiative signifies a solid step forward for JUHBZ in community collaboration and user expansion. The program focuses on supporting community development and leveraging […]

The Cosmos ecosystem is set to welcome Bitcoin with open arms thanks to a groundbreaking decision by Osmosis, a decentralized exchange (DEX) governed by the Cosmos DAO. By adopting a fee-free Bitcoin bridge, Osmosis is poised to streamline the movement of Bitcoin into the Cosmos network, potentially unlocking a wealth of opportunities for both DeFi users and the Cosmos network itself. This development hinges on a revenue-sharing […]

VILNIUS, LITHUANIA – Media OutReach Newswire – 21 June 2024 – Giveaway.com is set to launch a new feature, Penny Win, at the end of June 2024. This feature enables users to engage in micro-investments starting from as little as 0.1 USDT. Penny Win is designed to allow participants to incrementally increase their investments in a structured manner. The platform encourages ongoing participation by allowing incremental investment […]

COLORADO, USA – Media OutReach Newswire – 21 June 2024 – PTOUNX Exchange recently unveiled a significant technological advancement with its new cryptocurrency cross-chain trading system. This system, leveraging cutting-edge technology, connects different blockchain networks, enhancing trading efficiency and convenience. It provides users with more diverse trading options and fosters industry development. PTOUNX’s journey with cross-chain technology highlights its rapid response to industry trends. Traditionally, transferring assets […]

COLORADO, USA – Media OutReach Newswire – 21 June 2024 – PTOUNX Exchange recently announced enhanced compliance measures, strengthening its position in secure and compliant cryptocurrency trading. These initiatives reflect its commitment to meeting international standards and leading the secure development of the cryptocurrency market. PTOUNX offers a safer, transparent, and trustworthy trading environment, establishing itself as a model of integrity in this dynamic industry. PTOUNX adheres […]

COLORADO, USA – Media OutReach Newswire – 21 June 2024 – PTOUNX Exchange has unveiled a series of innovative financial products designed to bridge the gap between traditional finance and the cryptocurrency economy. This strategic initiative underscores PTOUNX’s commitment to fostering financial integration and innovation. By offering a diverse range of services and products, PTOUNX addresses global user needs and propels the cryptocurrency economy forward. As a […]

Major cryptocurrency exchange Binance has announced the integration of Tether’s (USDT) stablecoin on the Toncoin (TON) blockchain. This integration allows Binance users to deposit and withdraw USDT directly on the Toncoin network, expanding the utility and reach of both USDT and TON. Tether (USDT) is a widely used stablecoin, a type of cryptocurrency pegged to the value of the US dollar. This integration with Toncoin provides users […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Kerala High Court demands Thachankary’s prison medical records // Cliff House pool contract awarded over phone // Binance SAFU bitcoin holdings halve after security breach // ONYX Hospitality Group Expands Strategic Partnerships through ONYX Rewards // Bank99 launches business accounts through Austrian postal network // Wildlife board nominations draw ire // Vigilance collects Divya deals files // Kerala to move SC over Mullaperiyar safety // Ernakulam court evidence disappearance triggers police theft investigation // Wired earphones regain buyers as 2016 nostalgia spreads // ChatGPT billing fraud deploys rotating sites for card theft // 16 probes already in six months of VDS govt // Vigilance collects five Kannur contract files in Divya probe // UAE outlines Dh200 billion energy investment at ADIPEC // ADNOC authorises Ruwais Diyab gas development for 2029 // Row over SARAL law bypassing local bodies // Keralam names new KSEB chief in IAS reshuffle // US forces conduct undisclosed strikes on Qeshm Island // Winners and losers if a blue wave sweeps US Congress // Opposition challenges SARAL law over transfer of clearance powers //