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Preference for Spontaneous Travel, Grabbing Cheap Flights and Travelling on a Whim HONG KONG SAR – Media OutReach Newswire – 13 February 2025 – Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) today announced the results of a survey1 of young people’s travel habits and preferences, as well as their level of protection awareness. The survey found that young people love to travel, with nearly 70% planning to […]

The KDE community has unveiled Plasma 6.3, introducing a suite of enhancements tailored for digital artists and creative professionals. This latest release focuses on refining the user experience, particularly in the realm of digital art, by overhauling the Drawing Tablet configuration interface. The System Settings’ Drawing Tablet page has been reorganized into multiple tabs, offering improved navigation and new configuration options. Artists can now map specific areas […]

LEAP, the acclaimed technology event, is expanding into Asia with the introduction of LEAP East, scheduled at the Hong Kong Convention and Exhibition Centre from 9 to 11 July 2026. Organised by Tahaluf, this inaugural event aims to attract global tech leaders, innovators, and investors to one of the world’s most dynamic cities. The conference will feature over 300 expert speakers and 300 exhibitors, showcasing advancements across […]

Tabby, a prominent financial services and shopping application in the Middle East and North Africa , has successfully raised $160 million in a Series E funding round, elevating its valuation to $3.3 billion. This development positions Tabby as the most valuable fintech company in the region. The funding round was led by existing investors Blue Pool Capital, a Hong Kong-based investment firm, and Saudi Arabia’s Hassana Investment […]

In the dynamic world of cryptocurrencies, three digital assets—WallitIQ , Dogecoin , and Cardano —are capturing significant attention from investors and analysts alike. Each offers distinct features and growth prospects, prompting discussions about their potential trajectories in the evolving crypto landscape.

Dogecoin, originally created as a meme coin, has experienced a notable resurgence. As of February 11, 2025, DOGE’s price increased by approximately 2.7%, reaching $0.2589, with an intraday high of $0.2668. This uptick is attributed to heightened market activity and renewed interest from both retail and institutional investors. However, some analysts caution that the days of exponential gains for DOGE may be behind it, suggesting a more measured growth trajectory moving forward.

Cardano, known for its robust blockchain platform, has also demonstrated positive momentum. On the same date, ADA’s price rose by about 2%, trading at $0.7772, with an intraday high of $0.8057. The cryptocurrency’s recent performance has been bolstered by developments such as the potential approval of spot crypto ETFs, which could further enhance its market position.

South Korea’s Financial Services Commission has unveiled a structured plan to permit corporate entities to engage in cryptocurrency transactions through real-name accounts. This initiative, set to commence in the first half of 2025, aims to integrate corporate participation in the digital asset market while ensuring regulatory oversight.

The FSC’s strategy involves a three-phase rollout. Initially, non-profit organizations, law enforcement agencies, and cryptocurrency exchanges will be granted access to real-name accounts. This move is designed to facilitate activities such as the conversion of platform fee income into fiat currency for exchanges and the handling of confiscated assets by law enforcement. However, exchanges will be subject to government guidelines to prevent market volatility.

In the subsequent phase, slated for the second half of 2025, professional investment entities—including listed companies and registered investment institutions—will be authorized to participate in crypto asset trading. These entities must adhere to stringent anti-money laundering protocols and undergo evaluations by banks and crypto exchanges to ensure compliance.

The final phase envisions extending crypto investment capabilities to general enterprises. This stage remains under long-term consideration and is contingent upon the successful implementation of preceding phases, as well as the establishment of comprehensive regulations encompassing stablecoins, exchange operations, and cross-border crypto transaction monitoring.

FSC Vice Chairman Kim So-young emphasized the importance of a cautious and measured approach, stating that the policy’s implementation must be gradual and carefully monitored to prevent market disruptions. He highlighted the necessity of clear AML guidelines to maintain market integrity throughout the rollout process.

This policy shift addresses longstanding challenges within South Korea’s crypto industry, particularly for small and mid-sized exchanges that have struggled with liquidity constraints. By enabling corporate accounts, these exchanges are expected to enhance their operational capabilities and competitiveness within the market.

Robinhood Markets Inc. has reported a significant increase in its fourth-quarter earnings, driven by a substantial rise in cryptocurrency trading activity. The company’s total revenue for the quarter reached $1.01 billion, marking the first time it has surpassed the billion-dollar threshold. This performance exceeded analysts’ expectations, which had projected revenue of $934 million.

A key contributor to this growth was the surge in cryptocurrency trading revenue, which escalated by 700% year-over-year to $358 million. This increase accounted for more than half of Robinhood’s transaction-based revenue, which itself saw a 200% rise to $672 million. The heightened interest in digital assets, particularly Bitcoin, which recently surpassed the $100,000 mark, played a significant role in this development.

In addition to the rise in crypto trading, Robinhood experienced growth in other areas. Options trading revenue increased by 83% to $222 million, while equities trading revenue rose by 144% to $61 million. The company’s assets under custody expanded by 88% to $193 billion, with net deposits reaching a record $16 billion during the quarter.

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The World Governments Summit 2025 concluded its three-day event in Dubai on Thursday, uniting over 30 heads of state and government, more than 80 international and regional organizations, and 140 government delegations. Under the theme “Shaping Future Governments,” the summit addressed pressing global challenges and explored innovative solutions for effective governance.

French President Emmanuel Macron, speaking at the AI Action Summit in Paris earlier this week, emphasized the need for streamlined regulatory processes and significant investment in artificial intelligence to compete with global powers. He advocated for increased European cooperation and a unified strategy for AI development, highlighting France’s commitment to investing €109 billion in the sector.

In a notable session, industry leaders underscored the critical importance of digital access for societal advancement. Margherita Della Valle, CEO of Vodafone, highlighted the widening gap between those with internet access and those without, noting that approximately 2.6 billion people remain offline, with 300 million residing in remote areas lacking connectivity infrastructure. Hatem Dowidar, CEO of the e& group, discussed his company’s evolution towards offering services in fintech, cybersecurity, and cloud computing, reflecting a broader industry shift towards comprehensive digital solutions.

The summit also featured discussions on the ethical deployment of AI and the necessity for robust networks to support its implementation. Mickey Mikitani, CEO of Japan’s Rakuten, called for a radical transformation of the telecommunications sector and the removal of entry barriers to foster innovation. Panelists emphasized the importance of dialogue between governments and industry leaders to develop regulations that address current and future challenges in the AI landscape.

SINGAPORE – Media OutReach Newswire – 13 February 2025 – In November 2022, the Land Transport Authority (LTA) made a monumental announcement of auctioning off the right to operate ad spaces at approximately 120 pedestrian overhead bridges, underpasses, and covered link-ways in a 10-year contract—a true first for the entity. One year later, the entity announced that out of seven proposals from four tenderers for the LTA, […]

HANOI, VIETNAM – Media OutReach Newswire – 12 February 2025 – F88 Investment Joint Stock Company (F88) has just announced its highest-ever consolidated after-tax profit, along with several key financial indicators that highlight the company’s rapid and sustainable recovery, following a challenging year. F88 posts highest-ever consolidated after-tax profit in 2024. Photo courtesy of the firm. F88, which owns 99.99 per cent of F88 Business Joint Stock […]

Elevision, a leading digital-out-of-home media company in the UAE, has announced a strategic partnership with Dubai Design District , a member of TECOM Group PJSC. This collaboration aims to revolutionise urban digital media within Dubai’s creative hub. The agreement entails the installation of advanced digital screens throughout d3’s premises, enhancing the district’s digital infrastructure. This initiative is designed to provide brands with innovative platforms to engage with […]

ManageEngine, the enterprise IT management division of Zoho Corporation, is set to host its Middle East User Conference in Dubai, focusing on the integration of artificial intelligence into enterprise IT systems. The event aims to equip businesses with strategies to effectively adopt AI technologies, enhancing operational efficiency and competitiveness.

The conference will feature keynote speeches from ManageEngine’s technology and domain experts, covering topics such as the evolving IT and cybersecurity landscape and leveraging new technologies to stay ahead in the market. Rajesh Ganesan, Vice President at ManageEngine, will discuss the changing role of IT departments in the current era, emphasizing the shift towards remote work and a digital-first customer approach.

In the Middle East, AI is poised to significantly impact the economy. A report by PwC estimates that AI could contribute up to $320 billion to the region’s economy by 2030, accounting for 2% of the total global benefits. Saudi Arabia is expected to see the largest absolute gains, with AI contributing over $135.2 billion to its economy, equivalent to 12.4% of its GDP. In relative terms, the UAE is anticipated to experience the most substantial impact, with AI contributing close to 14% of its 2030 GDP.

The annual growth in AI’s contribution to the Middle East’s economy is projected to range between 20-34% per year, with the fastest growth in the UAE, followed by Saudi Arabia. This growth is attributed to the significant investments these countries are making in AI technologies and their efforts to integrate AI across various sectors.

The ManageEngine conference will also highlight the company’s latest solutions designed to assist enterprises in navigating the complexities of AI integration. Attendees will have the opportunity to participate in detailed walkthroughs and live demonstrations of ManageEngine’s major solutions, including ServiceDesk Plus, OpManager Plus, Applications Manager, Desktop Central, Mobile Device Manager Plus, Log360, Site24x7, and the suite of Active Directory management products.

By K Raveendran Prime Minister Narendra Modi’s call for greater emphasis on the Global South in the evolving world order shaped by artificial intelligence is a strategic proposition. With AI becoming the most critical technological force of the 21st century, it is imperative that developing nations, particularly those in the Global South, have a role […]

Customers digitalise memories with their spouses enjoy 20% off Valentine’s Day offer HONG KONG SAR – Media OutReach Newswire – 12 February 2025 – CaptureTM Hong Kong, a leading analogue media digitisation provider, has been commissioned by actor Kwok Fung to restore his memories with his family, friends and fellow artists in his 30 years of career. Born in 1951, Kwok Fung is a revered actor with […]

In a significant legal determination, the Jiangsu Provincial High People’s Court has ruled that investments in overseas cryptocurrency projects are not safeguarded under Chinese law. This decision underscores the nation’s stringent stance on virtual currency transactions and their associated legal protections.

The case involved a “Cooperation Agreement” between individuals identified as Tian and Pan, along with a third party, to jointly operate the “MFA Blockchain Project.” Pan transferred approximately 15.74 million yuan to Tian and the third party for the acquisition of MFA virtual currency, as stipulated in their agreement. Subsequently, Tian transferred 10.6 million yuan back to Pan. However, complications arose when the Singapore-based trading platform MEXC delisted the MFA/USDT spot trading pair in September 2020, leading to the locking of the associated virtual account and a total loss of the investment. Pan sought legal recourse, demanding the return of the remaining funds and payment of interest. The Yancheng Intermediate People’s Court initially ruled that the virtual currency trading activities were invalid, resulting in the dismissal of Pan’s lawsuit. Dissatisfied, Pan appealed the decision. Upon review, the Jiangsu High Court upheld the lower court’s ruling, emphasizing that providing services to Chinese residents through overseas virtual currency exchanges constitutes illegal financial activity. Consequently, the related civil legal acts were deemed invalid, and the court concluded that any resulting losses should be borne by the individuals involved.

This ruling aligns with China’s broader regulatory framework, which has progressively tightened restrictions on cryptocurrency activities. In September 2021, Chinese authorities implemented a comprehensive ban on all cryptocurrency transactions and mining, citing concerns over financial stability and the potential for illicit activities. The People’s Bank of China declared all virtual currency-related business activities illegal, reinforcing the country’s firm opposition to cryptocurrencies.

The Jiangsu High Court’s decision is not an isolated incident. In August 2021, the Shandong Provincial High Court ruled against a plaintiff seeking to recover lost cryptocurrency investments, stating that investing or trading in cryptocurrency is not protected by law. Similarly, in October 2024, a Shanghai court recognized cryptocurrencies as legal property, allowing individuals to hold, buy, and sell digital assets like Bitcoin. However, the court maintained that crypto-related business activities, such as token issuance and trading, remain prohibited in China.

As the digital landscape evolves, marketers are increasingly relying on advanced tools to enhance their social media strategies. In 2025, several platforms have emerged as indispensable assets for effective social media management. Vista Social has gained prominence as a comprehensive solution, offering features such as scheduling, messaging, social listening, and a link-in-bio service. This integration streamlines workflows, allowing marketers to manage multiple aspects of their social media […]

Singapore-based cryptocurrency payment provider Alchemy Pay has secured an Electronic Financial Business registration in South Korea through a strategic investment in local e-finance platform EZPG Co., Ltd. This move enables Alchemy Pay to offer a range of financial services within the country, including money transfers, online payment gateways, and digital asset services.

With this registration, Alchemy Pay is now authorized to process cryptocurrency transactions and integrate with prominent South Korean payment platforms such as KakaoPay, PAYCO, and Naver Pay. Chief Marketing Officer Ailona Tsik emphasized South Korea’s significance, stating, “As a pivotal hub in Asia for both traditional finance and digital currency adoption, Korea represents a tremendous opportunity for Alchemy Pay’s long-term growth.”

This development follows Alchemy Pay’s recent expansion into the Australian market, where it obtained registration as a Digital Currency Exchange Provider with the Australian Transaction Reports and Analysis Centre . This approval allows the company to facilitate fiat-to-crypto payment services across Australia, enhancing its regional presence and compliance with local regulations.

In South Korea, the Electronic Financial Business registration is governed by the Electronic Financial Transactions Act, which sets the framework for electronic financial services and aims to ensure their security and reliability. Companies holding this registration are subject to regulatory oversight to maintain transparency and protect consumers.

Bighit Music Co. Ltd. has announced the launch of the BTS Token, a blockchain-based digital currency aimed at transforming the purchasing experience for BTS fans worldwide. This initiative seeks to streamline transactions for merchandise, event tickets, and exclusive digital content, offering a more efficient and secure payment method.

The BTS Token is designed to address common challenges faced by the global fanbase, such as high transaction fees, unpredictable exchange rates, and limited payment options in certain regions. By leveraging blockchain technology, the token ensures transparent, decentralized, and cost-effective transactions, enhancing accessibility for all fans.

Key features of the BTS Token include:

– Stable Pricing: Advanced stabilization mechanisms are in place to maintain consistent pricing for merchandise and tickets across different regions.

– Exclusive Benefits: Token holders will have access to unique perks, including discounts on official merchandise, priority access to limited-edition NFTs, and invitations to exclusive events.

– Secure Transactions: The blockchain foundation provides transparent and tamper-proof transactions, granting fans full control over their digital assets.

– Smart Contract Automation: Real-time regulation of pricing and availability through smart contracts ensures fairness and prevents third-party price inflation.

The rollout plan for the BTS Token is as follows:

– Q1 2025: Official launch of the token and its integration into fan platforms.

– Q2 2025: Partnerships with merchandise vendors and ticketing providers to facilitate token transactions.

– Q3 2025: Introduction of staking programs and community-driven rewards to incentivize active participation.

– Q4 2025: Expansion into NFT-based fan experiences and digital collectibles, offering fans new ways to engage with BTS.

This development comes after all BTS members renewed their exclusive contracts with Bighit Music in September 2023, ensuring continued collaboration with the agency. The renewed contracts are set to commence in 2025, aligning with the anticipated completion of the members’ mandatory military service.

Jashita Tulum Luxury Hotel and Villas has become the first hotel in Tulum to accept cryptocurrency payments directly through its booking system. Guests can now reserve accommodations using digital assets via the hotel’s official website, streamlining the reservation process for tech-savvy travelers.

This initiative was inspired by discussions with prominent figures in the cryptocurrency industry who frequent the hotel. These guests, including founders of major Layer 2 protocols and DeFi pioneers, highlighted the need for luxury establishments to accommodate digital wealth. CEO Tommaso stated, “When you’ve hosted the minds behind today’s most revolutionary protocols, you learn what matters. My ambition is not only to deliver magic moments to our guests but also to welcome beautiful and innovative minds.”

The integration of cryptocurrency payments positions Jashita Tulum at the forefront of a growing trend in the hospitality sector. As digital currencies gain mainstream acceptance, more luxury hotels are adopting crypto-friendly policies to cater to a clientele that values both privacy and technological innovation.

Located on Soliman Bay, Jashita Tulum offers 30 luxury suites, a penthouse, an Italian restaurant, and a spa. The hotel’s decision to embrace digital payments reflects its commitment to providing personalized and innovative experiences for its guests.

The move also aligns with Tulum’s reputation as a destination for digital nomads and crypto enthusiasts. The region’s focus on sustainability and innovation makes it an attractive locale for travelers seeking modern conveniences in a luxury setting.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 February 2025 – Coming into 2025, the cryptocurrency market is on the upswing. Bitcoin has reached another all-time high (ATH), surpassing $109,000 on 20 January 2025, ahead of Donald Trump’s inauguration. The overall market growth is driven by institutional investors‘ crypto adoption, a change in regulatory sentiments, and general interest in digital assets, retail investors included. Considering this, […]

DUBAI, UAE – Media OutReach Newswire – 11 February 2025 – The World Government Summit, known as “the world’s largest and most influential” intergovernmental forum, was held in Dubai, UAE, from 11 to 13 February. Themed as “Shaping Future Governments”, the Summit attracts about 6,000 participants, including more than 30 heads of state and government, over 80 heads of international organizations and 140 government delegations. The Summit […]

First local telecom carrier in Hong Kong to provide Microsoft Operator Connect1 HONG KONG SAR – Media OutReach Newswire – 11 February 2025 – HKT has partnered with Microsoft Hong Kong to provide Operator Connect, making it the first local telecom carrier to offer the new Microsoft Teams Phone solution for enterprises in Hong Kong. Operator Connect revolutionises business communications by seamlessly integrating existing business phone lines […]

MACAU SAR – Media OutReach Newswire – 11 February 2025 – One of the world’s most influential rock bands, Green Day officially launched their Asian tour on February 9 at Macau’s largest indoor entertainment venue, Galaxy Arena. Amid crashing waves of sound and thunderous applause, Green Day opened the night with their explosive track The American Dream Is Killing Me, sparking an electrifying atmosphere and igniting the […]

Eurofiber, a prominent Dutch connectivity provider, has acquired Belgium-based Arcadiz, a leading supplier of critical connectivity solutions in the Benelux region. This strategic move aims to bolster Eurofiber’s position in delivering robust and scalable network solutions across Europe. Arcadiz, established in 1999 and headquartered in Leuven, has built a reputation for designing and implementing high-quality network infrastructures tailored for enterprises, governments, and public services. With a team […]

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