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SINGAPORE – Media OutReach Newswire – 26 April 2024 – CapBridge, a leading investment syndication and financial products platform based in Singapore, has shared their comments on Hong Kong’s recent approval for the launch of spot Bitcoin and Ether ETFs. The following insights were shared by Johnson Chen, CEO & Founder of CapBridge. On April 15, Hong Kong’s Securities and Futures Commission (SFC) gave the nod for […]

Dubai’s Emirates Integrated Telecommunications Company (du) is exploring the possibility of incorporating cryptocurrency and investment tools into its recently launched FinTech service, du Pay. This move signifies du’s ambition to transform itself from a telecommunications provider into a comprehensive financial solutions platform. Nicolas Levi, CEO of the new FinTech unit, revealed this strategic intent during the du Pay launch. He highlighted the potential of crypto and investment […]

NEW YORK, USA – Media OutReach Newswire – 24 April 2024 – Recently, ZUHYX Exchange announced the implementation of a series of new security strategies and technologies to address growing security challenges and strengthen fund security, focusing on enhancing fund security and user asset protection. These measures include upgrading DDoS attack defenses, upgrading Web Application Firewall (WAF), encrypting website data transmission, and strengthening DNS servers. After the […]

NEW YORK, USA – Media OutReach Newswire – 24 April 2024 – Recently, ZUHYX Exchange announced a series of new social responsibility initiatives aimed at transforming the business success of the company into positive contributions to society. These initiatives involve various charitable activities and social development projects, reflecting the strong sense of social responsibility of ZUHYX as an industry leader and commitment to sustainable development. The latest […]

NEW YORK, USA – Media OutReach Newswire – 24 April 2024 – Recently, the globally leading cryptocurrency exchange ZUHYX announced that it has successfully obtained the MSB (Money Services Business) license from Canada, marking a significant achievement in its globally compliant operations. ZUHYX, through rigorous review processes, has obtained this highly reputable license in the financial industry, proving full compliance with the strictest financial regulatory standards of […]

For astronomy enthusiasts, gazing at the night sky has always held a unique allure. But the traditional telescope experience can be intimidating, often requiring extensive setup and knowledge to navigate the vast celestial expanse. Celestron, a leading telescope manufacturer, has unveiled a revolutionary product that promises to change the game for amateur astronomers: the Origin Intelligent Home Observatory. This innovative device is more than just a telescope; […]

Hong Kong has cemented its position as a burgeoning hub for digital assets with the official launch date set for its first spot Bitcoin and Ethereum exchange-traded funds (ETFs). April 30th marks the culmination of efforts by the Asian financial center to establish a regulatory framework that fosters innovation in the cryptocurrency space. This move positions Hong Kong as a trailblazer in Asia, following closely behind the […]

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The Central Bank of Nigeria (CBN) has refuted claims circulating online that it is freezing cryptocurrency accounts. In an official post, the CBN clarified that reports suggesting such a measure were entirely fabricated. The bank further denounced an image used by several media outlets in conjunction with the false news. The image, according to the CBN, was not affiliated with them in any way. One prominent publication, […]

The Central Bank of Nigeria (CBN) is escalating its fight against cryptocurrency, issuing a directive to banks to freeze accounts associated with major crypto trading platforms Bybit, KuCoin, OKX, and Binance. This move signals a wider crackdown on crypto activity in Nigeria, particularly targeting peer-to-peer (P2P) transactions that have grown in popularity since the CBN banned crypto transactions through banks in 2021. The CBN’s directive casts a […]

DAO Maker, a cryptocurrency fundraising platform, is facing renewed scrutiny over its handling of a 2021 hack that left investors millions out of pocket. Despite initial assurances of compensation, victims say they’ve been left empty-handed, raising questions about the platform’s accountability and transparency. The hack, which occurred in August 2021, targeted DAO Maker Ventures, the platform’s venture capital arm. Hackers exploited a vulnerability to steal around $7 […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 April 2024 – On the night of 20 April, the Bitcoin network experienced its fourth halving. Having broad general economic implications, this process is important for the entire cryptocurrency world and not solely for Bitcoin holders. The 2024 Bitcoin halving, which crypto investors have been expecting for four years, has been finalised. The reward per block has been […]

Nubank, Brazil’s leading digital bank, has taken a significant step towards integrating cryptocurrency into mainstream financial services. The bank recently announced support for deposits, withdrawals, and transactions involving Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly through its mobile application. This move caters to the growing demand for cryptocurrencies in Brazil and reflects a broader global trend of financial institutions acknowledging the potential of digital assets. Nubank’s […]

NEW YORK, US – Media OutReach Newswire – 23 April 2024 – Qmiax Exchange recently announced an exciting development: further optimization of its OTC fiat-to-crypto exchange process, delivering a more efficient and convenient trading experience for global cryptocurrency investors. Amidst the rise of cryptocurrencies, seamless conversion between fiat and crypto assets has become a core demand for traders. Addressing this demand, Qmiax introduced innovative OTC fiat-to-crypto exchange […]

NEW YORK, US – Media OutReach Newswire – 23 April 2024 – Qmiax recently rolled out a fresh user interface and revamped trading processes, signaling a dual commitment to enhancing user experience and bolstering compliance standards. This strategic move underscores the position of Qmiax as a leading player in the industry, where success hinges not only on technical prowess and market influence but also on user-centric design […]

The Blockchain Association and the Crypto Freedom Alliance of Texas, two organizations at the forefront of cryptocurrency advocacy, have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging a recently enacted rule. The rule, which broadens the definition of a “dealer” in securities markets to potentially encompass certain cryptocurrency activities, has been met with fierce opposition from the industry. The lawsuit alleges that the […]

Cryptocurrency exchange Crypto.com has postponed its much-anticipated South Korean launch, citing the need for further discussions with local regulators. The decision comes after a period of review by Korean authorities, who reportedly raised concerns about Crypto.com’s anti-money laundering (AML) protocols. The exchange, initially scheduled to launch in South Korea on April 29, is now seeking to establish a clearer understanding with regulators regarding its compliance measures. “We […]

In a move to counter the impact of US sanctions, Venezuela’s state-owned oil and gas company, Petróleos de Venezuela, S.A. (PDVSA), is reportedly embracing cryptocurrency for its transactions. Industry sources familiar with the matter allege that PDVSA has begun accepting Tether (USDT), a stablecoin pegged to the US dollar, for oil sales. This shift towards digital currency also reportedly involves mandating new customers to use cryptocurrencies for […]

The Securities and Exchange Commission (SEC) is taking a hard line against Terraform Labs and its co-founder Do Kwon, alleging fraud in a lawsuit filed on Monday. The SEC is seeking a hefty $5.3 billion judgment against the defendants, which includes $520 million in penalties and a court-ordered injunction designed to prevent future violations. The lawsuit centers on the collapse of TerraUSD (UST), a stablecoin pegged to […]

The Ontario Superior Court of Justice has delivered a blow to cryptocurrency exchange giant Binance, approving a class-action lawsuit against the company for allegedly selling unregistered crypto derivatives to retail investors in the province. This move by the Canadian court signifies a potential escalation in the ongoing regulatory scrutiny surrounding the crypto industry. The lawsuit, certified on behalf of investors who purchased crypto derivative contracts on Binance […]

Two Securities and Exchange Commission (SEC) lawyers have resigned following a federal judge’s scathing rebuke of the agency’s handling of a lawsuit against a cryptocurrency platform. The resignations come amid allegations of misconduct by the SEC and raise concerns about the agency’s approach to regulating the burgeoning crypto industry. The case in question involved Debt Box, a Utah-based company offering a digital asset trading platform. In July […]

Password manager LastPass finds itself entangled in a deceptive scheme by cybercriminals. Perpetrators are impersonating LastPass staff to infiltrate user accounts, a tactic raising concerns about multi-factor authentication’s (MFA) effectiveness. The attack hinges on social engineering, a strategy that exploits human trust. Victims receive a phone call, often with a spoofed number appearing as a legitimate LastPass line. The caller, posing as a LastPass representative, claims to […]

The United Arab Emirates (UAE) is rapidly becoming a leader in cryptocurrency adoption within the Middle East, according to a recent report by Bitget Research. The report highlights a surge of 166% in the average daily number of crypto traders across the region, reaching 500,000 in 2024. The UAE stands out as a frontrunner, with a significant portion, 72%, of its crypto users actively invested in Bitcoin. […]

Ethereum, the world’s second-largest cryptocurrency by market capitalization, has exhibited signs of potential recovery after a slump in the past two years. The token’s price has displayed a recent uptick, buoyed by a surge in network activity and a potential shift in investor sentiment. This tentative rally comes after a period of decline for Ethereum, mirroring a broader trend in the cryptocurrency market. However, several factors suggest […]

Pierre Person As the CEO of Usual Labs, a groundbreaking project set to issue a Real-World Asset (RWA)-backed stablecoin, I am acutely aware of the transformative power of tokenization in the financial landscape, particularly in the burgeoning market of the United Arab Emirates (UAE). As we stand on the cusp of TOKEN 2049 in Dubai, a major event in the Web3 sphere, it’s imperative to discuss the […]

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