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 […]
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 […]
53% of banks worldwide don’t have commitments to protect animal welfare nor to promote plant-based alternatives. The average compliance rate in these areas remains at only 10%. BANGKOK, THAILAND – Media OuReach Newswire – 24 April 2024 – International animal protection NGO Sinergia Animal has released a groundbreaking report titled “Beyond Profits: Global Review of Financial Institutions in Animal Welfare and Food Systems.” The study comprehensively analyses […]
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 […]
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 United Arab Emirates (UAE) presents a dynamic financial landscape that offers substantial opportunities for advanced indices traders. The region’s markets are characterized by their robust economic frameworks, strategic global positioning, and innovative financial products. For those engaged in indices trading, understanding the intricacies of the UAE’s financial markets can significantly enhance trading strategies and investment outcomes. Understanding the UAE’s Financial Market Structure Regulatory Environment: The UAE’s […]
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 […]
Get Ready to Embrace Effortless Financial Transactions BANGKOK, THAILAND – Media OutReach Newswire – 23 April 2024 – In a remarkable display of expertise, EFT Solutions Limited (“EFT Solutions”), (Stock Code: 8062.HK), the trailblazing leader in payment solutions, is pleased to announce that it is participating in Money20/20 Asia, a grand global fintech event. Kicking off today, the Expo takes place in Queen Sirikit National Convention Center, […]
Innovate・Lead・Succeed HONG KONG SAR – Media OutReach Newswire – 22 April 2024 – With the aim of recognize the outstanding contributions and most innovative enterprises and institutions within the Hong Kong business community, BUSINESS INNOVATOR, a multimedia platform for business information and marketing, successfully organized the “2024 Most Innovative Enterprise Award” dinner banquet ceremony on April 19, 2024 at the Hilton Garden Hotel in Mongkok. The awards […]
Emaar Properties, Dubai’s leading developer, capped off a banner year in 2023 with robust sales and a significant payout to shareholders. At their recent Annual General Meeting, the company announced a record-breaking dividend of Dh4.4 billion (US$1.2 billion), reflecting their impressive financial performance. This generous distribution underscores Emaar’s commitment to rewarding investors and highlights the company’s strong financial health. The news of the hefty dividend comes on […]
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 […]
XBANKING heralds a new era in cryptocurrency staking, providing a comprehensive array of 140 tokens across 30 networks. With a steadfast commitment to security and high rewards, investors can embark on a journey of financial growth London, United Kingdom – April 22, 2024 — In the dynamic realm of cryptocurrency, XBANKING emerges as the pinnacle of staking services, empowering investors worldwide. With a comprehensive offering of 140 […]
Transforming City Travel: Veer’s New Technology Reduces Costs and Enhances Sustainability San Francisco, California, United States – April 22, 2024 — In a world where urban transportation continually evolves, Veer emerges as a pivotal force with its Shift Drive System, redefining the daily commute and ushering in a new era of cost-effective urban mobility. Amid escalating gas prices and increasing congestion, Veer’s innovative system offers a compelling […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 April 2024 – Octa will finance a coding bootcamp for students of Ideas Academy, an inclusive secondary school located in Kuala Lumpur that focuses on providing young people from diverse backgrounds with a well-rounded academic and extra-curricular education. Three blocks of educational sessions will take place between June and November on campus and online for students aged 16 […]
BigG Hair, a leading manufacturer of high-quality hair extensions, proudly celebrates its milestone of 12 years in brand development and unwavering commitment to the global hair extension industry. Concurrently, the brand emphasizes its dedication to annual charity activities aimed at community development. Hanoi, Vietnam – April 22, 2024 — Since its establishment in 2012, BigG Hair has embarked on an impressive journey from a small enterprise to […]
Saudi Arabia is hitting the gas pedal on its automotive industry, aiming to become a regional hub for car manufacturing, according to a senior official. Aftab Ahmed, a National Center for Industrial Development (NCID) advisor specializing in the automotive sector, highlighted the government’s commitment to this goal during a recent Saudi-American Business Council seminar. This focus on domestic production aligns with Saudi Arabia’s ambitious Vision 2030 plan, […]
The head of Saudi Arabia’s central bank, Ayman Al-Sayari, issued a warning about potential economic pitfalls during a recent meeting. Al-Sayari, the Governor of the Saudi Arabian Monetary Agency (SAMA), spoke at the International Monetary and Financial Committee (IMFC) Plenary session held during the 2024 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF). His remarks focused on the need for continued vigilance […]
Arabian Post Special Dubai’s recent deluge wasn’t just a downpour; it was a potential test for the city’s booming real estate sector. In the wake of unprecedented rainfall, several major developers, including Emaar Properties and MAG, stepped forward to offer free repairs for flood-damaged homes within their communities. This swift and decisive action could prove to be a turning point, burnishing Dubai’s real estate image and attracting […]
The United Arab Emirates (UAE) and Oman, bound by geography and history, are nurturing a strong strategic partnership that benefits both nations. This relationship, rooted in a sense of shared brotherhood, transcends mere diplomacy and fosters collaboration across various sectors. Leaders from both countries, His Majesty Sultan Haitham bin Tarik of Oman and Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, have played a pivotal […]
Bitcoin, the world’s leading cryptocurrency, underwent a preordained reduction in its issuance rate on April 19th, according to CoinGecko, a cryptocurrency data platform. This event, known as the halving, cuts the reward miners receive for verifying transactions and adding new blocks to the blockchain by 50%. The halving is a programmed feature embedded in Bitcoin’s code by its pseudonymous creator, Satoshi Nakamoto. It is designed to control […]
