Bitcoin Ordinals, a novel way of inscribing data like images and text directly onto individual satoshis (the smallest unit of Bitcoin), have witnessed a significant surge in popularity in recent months. According to a new report, the total sales volume of these Ordinals reached a staggering $1.6 billion over the past three months, with over 200,000 unique buyers participating in the market. While the leading cryptocurrency exchange […]
Bloomberg analysts have significantly dampened their optimism regarding the approval of a spot Ethereum Exchange-Traded Fund (ETF) by May 2024. According to reports, their forecasts have plummeted from a previous range of 60-70% to a mere 30%, reflecting a shift in sentiment towards the regulatory landscape. This news comes amidst a period of heightened anticipation surrounding Ethereum ETFs. Multiple applications from prominent financial institutions, including VanEck, Ark […]
In a significant development within the global tourism landscape, the United Kingdom has surged past India to become the fourth largest source market for tourist arrivals into The Maldives, marking a pivotal shift in travel trends. London, England, United Kingdom – March 11, 2024 — Diplomatic Tensions and Tourism: The Fallout’s Impact on Maldives’ Tourism Industry In a significant shift in the tourism dynamics of The Maldives, […]
Starting from 8 March to 15 May 2024, MTR passengers who tap to ride with Visa will have the chance to win tickets to the “Katch the POP” concert on 8 June 2024, featuring top Cantopop boybands and acclaimed female K-pop star. The concert ticket lucky draw campaign is an extended celebration of the launch of the first contactless bank card payment for MTR rides as provided […]
MicroStrategy, the prominent business intelligence company, has significantly bolstered its Bitcoin reserves by acquiring an additional 12,000 Bitcoins. This latest purchase, disclosed on March 10, 2024, cost the company roughly $821.7 million in cash, further solidifying its position as one of the world’s leading corporate holders of Bitcoin. The news comes amidst a period of relative stability for Bitcoin, with the world’s most popular cryptocurrency hovering around […]
The London Stock Exchange (LSE) announced a significant move towards cryptocurrencies, signaling a potential gateway for institutional investors. Starting from Q2 2024, the exchange will begin accepting listing applications for exchange-traded notes (ETNs) based on Bitcoin and Ethereum, two of the world’s leading digital assets. This decision caters to the growing demand from institutional investors seeking exposure to the crypto market without the complexities of directly acquiring […]
South Korea’s K Bank, a leading internet-only bank, is reportedly exploring an initial public offering (IPO) following a period of significant growth fueled by its embrace of cryptocurrency operations. This potential move comes against the backdrop of a surging Bitcoin price and a rapidly expanding customer base that now exceeds 10 million. K Bank’s foray into the crypto space has been a key driver of its recent […]
Featured over 3,000 vacancies from more than 300 tech companies while over half of visitors interviewed on-site on a record-breaking day HONG KONG SAR – Media OutReach Newswire – 11 March 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) successfully held the “Talent Power Up” I&T Career Expo 2024 which lured a record-high 6,000 visitors to explore over 3,000 job opportunities from more than 300 […]
Just days after attempting to block Epic Games’ plans to launch its own app store on iPhones in Europe, Apple has reversed course. This swift change comes amidst the recent implementation of the Digital Markets Act (DMA) by the European Union, highlighting its potential impact on the tech giant’s App Store dominance. The reversal stems from a dispute that began in 2020 when Epic Games introduced a […]
Further strengthening Sentosa as a world-class destination, Sentosa Sensoryscape is the first key milestone of the Sentosa-Brani Master Plan to be completed, linking Resorts World Sentosa in the north to Sentosa’s beaches in the south. The 30,000 square metre oasis blends nature, design, and technology for an immersive, multi-sensorial journey, inspiring guests to let their senses wander. ImagiNite, a nighttime experience at Sensoryscape, is an outdoor immersive […]
In a historic display of unity, world leaders and tech titans convened in London on Monday for a summit dedicated to combating the ever-evolving threat of international fraud. Hosted at Lancaster House, the summit brought together representatives from governments, financial institutions, and major technology companies, all with a shared goal of crafting a comprehensive strategy to tackle this growing menace. The urgency of the situation was palpable. […]
Germany’s Lufthansa airline is bracing for renewed travel chaos as its cabin crew union announced a two-day strike targeting major airports. The Independent Flight Attendants Organization (UFO) called for its members to walk off the job on Tuesday and Wednesday of next week, impacting departures from Frankfurt and Munich airports respectively. This latest industrial action comes on the heels of a separate strike by Lufthansa ground staff […]
The Sharjah Economic Development Department (SEDD) unveiled its 2023 annual report, showcasing a year marked by steady economic progress. The report serves as a comprehensive overview of the department’s initiatives and achievements, highlighting its commitment to fostering a vibrant and sustainable business environment in the emirate. SEDD Chairman, H.E. Hamad Ali Abdullah Al Mahmoud, emphasized the department’s unwavering focus on achieving balanced and sustainable economic growth. He […]
Electric vehicle (EV) manufacturer Rivian surprised the automotive world last week with the reveal of two new SUVs – the R3 and the performance-focused R3X. These new additions will be the smallest in Rivian’s lineup, potentially outshining their larger siblings in terms of popularity. The R3 takes the platform of the previously announced R2 SUV and shrinks it down even further. This results in a distinctive design […]
Investors are keeping a close eye on Bitcoin as Santiment, a blockchain intelligence firm, reveals a shrinking supply of the cryptocurrency on exchanges. This trend suggests a potential decrease in overall availability, which could influence Bitcoin’s price in the near future. The concept hinges on basic principles of economics: supply and demand. When a readily available good or service becomes scarcer, its value tends to rise as […]
Bitcoin mining, the process by which new bitcoins are created and transactions are verified on the blockchain network, is facing increased scrutiny due to its surging energy consumption. According to a recent report by Bloomberg, Bitcoin miners devoured a record 19.6 gigawatts (GW) of power last month, a significant jump from 12.1 GW in 2023. This insatiable demand for electricity has environmental advocates and some within the […]
BEIJING, CHINA – Media OutReach Newswire – 10 March 2024 – On February 26th, COTTI COFFEE, the global sponsor of the Argentina National Football Teams, announced the launch of a new promotional campaign, in celebration of reaching 7,000 stores worldwide. This campaign is set to run till May 31. During the campaign, all customers enjoy a flat rate per beverage on orders in all stores of COTTI […]
Launch of joint research on MSME resilience in Southeast Asia, and a focus on Malaysia and Thailand, detailing key risks and alternative approaches to insurance Presentation of the SME Loss Prevention Framework, a digital tool for Malaysian SMEs to better understand and manage growing climate and weather-related risks Showcasing Insurance Innovation Challenge Fund Malaysia solutions for protecting SMEs in the country Generali also expands its flagship SME […]
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has caused a stir in the financial world by publicly endorsing Bitcoin. In a recent interview, Fink referred to the cryptocurrency as “digital gold,” highlighting its potential as a long-term store of value. This shift in stance from a previously skeptical BlackRock reflects a growing institutional interest in the digital asset class. Fink’s comments come amidst concerns […]
In a decision with potentially significant ramifications for the cryptocurrency industry, a court has authorized investors to proceed with a class-action lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, filed in 2021, accuses Binance of misleading investors about its regulatory compliance and security measures. The plaintiffs allege that Binance misrepresented itself as a fully licensed exchange operating within legal frameworks. They claim this enticed them […]
LEEDS, UK – Media OutReach Newswire – 8 March 2024 – Leading online language tutoring provider Preply is launching its services in the Hong Kong region. This strategic expansion marks a significant milestone in the company’s journey towards connecting a global network of hundreds of thousands of learners with 40,000 bookable tutors teaching over 50 languages. The company was founded in the USA back In 2012 by […]
HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges. Industry leaders from both traditional finance […]
OECD emphasises the importance of bringing education, community and business sectors together for smoothening transition from school to work for youth HONG KONG SAR – Media OutReach Newswire – 9 March 2024 – Today saw the opening of the CLAP@JC Conference, a two-day forum at the Hong Kong Convention and Exhibition Centre bringing together eminent speakers from Hong Kong and overseas to discuss the career and life […]
A new study by AI startup Patronus AI raises concerns about copyright infringement by large language models (LLMs). The research focused on how frequently these powerful AI systems could generate content replicating copyrighted material. Patronus evaluated four prominent LLMs: OpenAI’s GPT-4, Anthropic’s Claude 2.1, Meta’s Llama 2, and Mistral’s Mixtral. The test involved prompting the models with questions related to popular copyrighted books. These prompts fell into […]
