crypto

China Steers Toward Electric Vehicle Leadership

China’s once gas-guzzling car industry is rapidly shifting gears, emerging as a global leader in electric vehicles (EVs). This dominance extends beyond established automakers, with tech giants like Huawei and Xiaomi joining the race. These companies are leveraging their expertise in data and artificial intelligence (AI) to create a new generation of smart EVs. China’s advantage stems from its robust manufacturing base. The country not only holds […]

Financial Insights

Adapting to the Digital Evolution: Strategies for Online Trading in the UAE

The United Arab Emirates (UAE) has established itself as a leading global hub for finance, innovation, and technology. Amidst this rapid digital evolution, online trading in UAE has gained significant momentum, offering unparalleled opportunities for investors. However, navigating this digital landscape requires strategic foresight and adaptability. This article aims to provide advanced level forex traders with a roadmap to thriving in the UAE’s dynamic online trading environment. […]

1arabia updates

Mudrex Offers Indian Investors Access to US Bitcoin ETFs

Mudrex, a cryptocurrency investment platform backed by Y Combinator, has become the first Indian platform to offer US Bitcoin Spot Exchange-Traded Funds (ETFs) to domestic investors. This launch caters to the growing demand for Bitcoin exposure among Indian investors, providing a new avenue for participation in the cryptocurrency market. Mudrex’s announcement comes amid a period of increasing interest in cryptocurrencies in India. While the regulatory landscape surrounding […]

Landmark AI Law Nears Finish Line in Europe

The European Union’s ambitious legislation governing artificial intelligence (AI) is on the cusp of becoming law, ushering in a new era of regulation for the rapidly evolving technology. The AI Act, hailed as the world’s first comprehensive framework for AI, has been approved by the European Parliament, marking a significant step towards establishing a set of ethical and safety standards for AI development and deployment within the […]

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Newswire by MarketersMEDIA

EtherDrops Bot Integrates ‘Who is?’ Feature for Enhanced Wallet Insights

EtherDrops Bot has announced the integration of a groundbreaking new feature ‘Who is?’. This innovative addition enables users to obtain insights into any wallet by simply inputting a name, Twitter handle, or website. London, UK – March 15, 2024 — The ‘Who is?’ functionality represents a notable improvement to EtherDrops’ already robust monitoring toolkit. It stands out as a unique service within the cryptocurrency sector, offering an […]

SEC Lawsuit Against Gemini Earn Moves Forward

A US judge has rejected attempts by cryptocurrency exchange Gemini and its lending partner Genesis Global Capital to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) regarding Gemini’s Earn program. The SEC alleges that Gemini and Genesis offered and sold unregistered securities through the Earn program, which allowed users to lend their cryptocurrency holdings in exchange for interest payments as high as 8%. In […]

Dubai Diamonds Trade Value Reaches $38.3 Billion in 2023

Dubai’s diamond industry continues its impressive growth trajectory, solidifying its position as a global leader in the diamond trade. According to the Dubai Multi Commodities Centre (DMCC), the total value of rough and polished diamonds traded in the emirate reached a staggering $38.3 billion in 2023. This represents a 2% increase year-on-year and a remarkable 11% compound annual growth rate over the past five years. This achievement […]

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DOGE Soars After Musk Hints at Tesla Acceptance and Lunar Ambitions

The price of Dogecoin (DOGE), the meme-inspired cryptocurrency, rocketed by 10.53% following a tweet from Tesla and SpaceX CEO Elon Musk. In the tweet, Musk made a two-pronged statement regarding DOGE. First, he revealed that Tesla would begin accepting Dogecoin as a payment method for certain merchandise. This news comes after months of speculation surrounding the possibility, fueled by previous tweets from Musk expressing interest in the […]

Qantas Takes Flight with All-Airbus Freighter Fleet

Qantas Freight is undergoing a significant transformation, phasing out its Boeing freighter fleet entirely in favor of Airbus models by the end of 2024. This strategic shift marks a complete overhaul of their cargo aircraft composition, reflecting a focus on efficiency and meeting the demands of the ever-growing e-commerce market. The driving force behind this decision lies in the capabilities of the Airbus A321P2F (passenger-to-freighter) variant. Compared […]

Mach Speed for Business Trips: Top 5 Speed Demons of Light Private Jets

For busy individuals who prioritize time-saving efficiency in their travels, light private jets offer a compelling alternative to commercial airlines. But for those who crave not just convenience but breakneck speed, a select group of light jets stand out. These premier aircrafts combine the agility of a light jet with cruising speeds that rival some of their larger counterparts. Topping the list is the Dassault Falcon 10, […]

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Long Eid Break Spurs Travel Boom for UAE Residents

The prospect of an extended Eid Al Fitr holiday in April is triggering a surge in travel demand among UAE residents. With whispers of a potential nine-day break circulating, residents are scrambling to secure getaways, with all-inclusive packages proving particularly popular. Eid Al Fitr, the “Festival of Breaking Fast,” marks the end of the holy month of Ramadan and is a major holiday in the Islamic world. […]

Remote Control Revolution: High-Tech Takes the Wheel of RC Cars

Gone are the days of simple remote-controlled cars sputtering around the living room floor. Today’s RC car market caters to a growing segment of enthusiasts – “big kids” seeking adrenaline-pumping speed, precision control, and off-road domination. To navigate this exciting world, understanding the latest advancements in RC transmitter technology and car intelligence is key. At the heart of the RC revolution lies the transmitter, the driver’s command […]

Deepfakes in Political Ads Spark Regulatory Scramble

States across the United States are scrambling to implement regulations on deepfakes used in political campaigns, amid growing concerns about the potential for misinformation and voter manipulation. This surge in state-level action comes as the Federal Election Commission (FEC) grapples with the issue and considers its own approach. Deepfakes are a type of artificial intelligence (AI) technology that can be used to create realistic and often undetectable […]

Swedish Central Bank Chief Seeks to Curb Bitcoin’s Influence

Erik Thedeen, governor of Sweden’s central bank, the Riksbank, has made his concerns about Bitcoin clear, calling for its limited involvement in the country’s financial system. Thedeen expressed his reservations during a parliamentary hearing on monetary policy, citing the cryptocurrency’s volatile nature and potential to expose consumers to financial risks. “I want as little Bitcoin as possible in the Swedish financial system,” Thedeen told reporters after the […]

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AI boom and energy transition is opportunity for savvy investors

The convergence of the AI boom and the global energy transition is a compelling investment opportunity for forward-thinking investors, says the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations. The bullish analysis from Nigel Green of deVere Group comes as John Podesta, the top US climate envoy, visits Japan, to discuss how the world’s largest and third-largest economies […]

Dubai Charts a New Course in the Digital Age

K Raveendran The Dubai International Financial Centre’s (DIFC) enactment of the world’s first comprehensive digital assets law this week marks a milestone, not just for the world of cryptocurrency and blockchain technology, but also for Dubai’s ambitions within the knowledge economy. This bold move positions Dubai as a frontrunner in regulating and facilitating the growth of this nascent asset class, potentially solidifying its position as a global […]

Surge in Bitcoin Investment Signals Return of Bull Market

The cryptocurrency market is abuzz with renewed optimism as Bitcoin, the world’s leading digital currency, experiences a significant surge in daily investment. Data indicates that capital inflows into Bitcoin have reached $2 billion, a level last witnessed during previous bull markets. Analysts predict that this trend is likely to continue, potentially reaching even greater heights, fueled by the much-anticipated introduction of spot exchange-traded funds (ETFs). Spot ETFs […]

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Kingdom Rising: Saudi Arabia Unveils Vision for a High-Tech Future

Saudi Arabia is poised for a metamorphosis. Long known for its oil reserves and conservative traditions, the kingdom is now setting its sights on a future gleaming with innovation and futuristic megacities. This ambitious vision, spearheaded by Crown Prince Mohammed bin Salman’s “Vision 2030” plan, aims to diversify the economy, attract foreign investment, and position the country as a regional leader in technology and sustainability. The centerpiece […]

Tech Leader Forecasts Rapid AI Growth

Elon Musk, a prominent figure in the technology industry, has reignited discussions about artificial intelligence (AI) with his recent predictions on its development. In a social media post, Musk suggested that AI could surpass the cognitive abilities of individual humans within the next year. He further projected that by 2029, AI might even exceed the collective intelligence of all humanity combined. These statements echo similar sentiments expressed […]

BlackRock’s Bitcoin ETF Soars Past 200,000 BTC Mark

BlackRock’s iShares Bitcoin Trust (IBIT), launched in February as part of a wave of U.S. spot Bitcoin ETFs, has surpassed a major milestone in its holdings. The fund now manages over 200,000 bitcoins (BTC), reflecting a strong investor appetite for the world’s leading cryptocurrency. This rapid accumulation highlights the growing interest in Bitcoin among institutional investors. BlackRock’s ETF, designed to provide a more traditional investment vehicle for […]

Asian News by Media-Outreach

DAOX Exchange to Host 2024 Asia-Pacific Developer Conference

SINGAPORE – Media OutReach Newswire – 13 March 2024 – To strengthen platform security and provide more diverse services to the market, renowned cryptocurrency exchange DAOX has announced the hosting of an Asia-Pacific developer conference in May. With the rapid development of blockchain and cryptocurrencies, DAOX Exchange, as a decentralized digital securities asset trading service platform, is committed to providing users with a secure and reliable trading […]

Streamlined Song Rights: Spotify Embraces Blockchain for Artist Payments

Music streaming giant Spotify is making a splash in the world of blockchain technology. In a move designed to streamline artist compensation, Spotify has acquired Mediachain, a Brooklyn-based startup specializing in blockchain solutions for the music industry. This acquisition signals Spotify’s intent to leverage blockchain’s secure and transparent ledger system to revolutionize how artists are paid for their work. The current system for compensating artists on streaming […]

Dubai Multi Commodities Centre Sees Influx of New Businesses

The Dubai Multi Commodities Centre (DMCC) witnessed a surge in new companies in 2023, solidifying its position as a leading business hub. With a record-breaking year nearly achieved, DMCC welcomed a staggering 2,692 new businesses, bringing the total number of companies in its district to over 24,000. This significant growth is attributed to a combination of factors. The launch of new industry-specific ecosystems catered to diverse business […]

JP Morgan CEO Throws Shade on Bitcoin’s Value

Jamie Dimon, CEO of financial giant JPMorgan Chase, reignited the debate on Bitcoin’s legitimacy during a recent interview. While acknowledging the right to invest in the cryptocurrency, Dimon expressed skepticism about its underlying value and potential benefits. “I don’t know what the bitcoin itself is for,” Dimon remarked, drawing a comparison to cigarettes. “I’ll defend your right to buy a bitcoin, just like I’d defend your right […]

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Inflation Shows Signs of Cooling in February Report

The Bureau of Labor Statistics released its latest Consumer Price Index (CPI) data today, indicating a slight moderation in inflation. Year-over-year inflation came in at 3.1%, down from 3.5% in January. This is also marginally better than the forecasted rate of 3.2%. The monthly increase in prices remained steady at 0.4%, meeting analysts’ expectations. The report offers some relief to the Federal Reserve as it navigates the […]

Property Boom in Dubai Fueled by Golden Visa Program

Dubai’s real estate market is experiencing a surge in demand thanks to the emirate’s Golden Visa program, which offers investors a 10-year residency permit. This influx of interest is causing a shift in both buyer behavior and developer strategies. Industry insiders report a growing trend of investors increasing their budgets to meet the minimum investment threshold of AED 2 million (USD 545,000) required for the Golden Visa. […]

Looming Day Zero? Bengaluru Faces its Worst Water Crisis

India’s IT hub, Bengaluru, is grappling with its most severe water shortage in its history. The city, founded by Kempe Gowda nearly 500 years ago, finds itself echoing the water woes of Cape Town in 2018. Over 30 localities are now on a strict alternate-day water supply, raising fears of a “Day Zero” – the day the taps run dry. Experts point to a confluence of factors […]

Bitcoin Price Poised for Continued Rise, Analysts Predict

The price of Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in 2019. From its year-opening value of around $3,500, Bitcoin skyrocketed to over $10,000 in just a few months. This dramatic rise has fueled optimism among analysts, with some predicting a continued upward trajectory in the coming years. One such analyst, a former skeptic who has become a vocal proponent of Bitcoin, believes the […]

1arabia updates

Treasury Unveils Digital Asset Tax Plan

The U.S. Department of the Treasury has proposed a new tax framework for digital assets, targeting both environmental impact and tax avoidance within the cryptocurrency industry. The plan, which aligns with President Biden’s previously outlined budgetary goals, introduces a novel 30% excise tax on the electricity consumption of cryptocurrency miners. Additionally, the proposal aims to close existing loopholes exploited through wash trading, a practice where investors buy […]

Major Nations Forge Pact on AI Governance

In a significant development aimed at mitigating the potential pitfalls of artificial intelligence (AI), the United States, China, and the European Union announced a collaborative effort to establish a framework for global AI governance. This initiative comes amidst growing tech tensions between these economic powerhouses, highlighting a shared recognition of the need for international cooperation in navigating the complexities of advanced AI. The primary focus of this […]

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