logo

News related to
platform

Indian cryptocurrency exchange CoinDCX, the nation’s largest by valuation, has announced a strategic move to solidify its presence in the global crypto market. In a recent development, CoinDCX acquired BitOasis, the leading cryptocurrency exchange platform in the Middle East and North Africa (MENA) region. This acquisition marks a significant step for CoinDCX, propelling it towards becoming a major international player in the cryptocurrency landscape.

Financial details of the acquisition haven’t been disclosed by either company. However, industry analysts believe the deal involves a substantial investment, considering BitOasis’ established position in the MENA region. Founded in 2016, BitOasis boasts a user base spanning 15 countries across the region and facilitates trading in over 60 cryptocurrencies. It has processed a trading volume exceeding $5 billion since its inception.

With this acquisition, CoinDCX gains access to a new and promising market. The MENA region has witnessed a significant surge in cryptocurrency adoption in recent years. Regulatory clarity and government initiatives supportive of blockchain technology have fostered a fertile ground for crypto businesses in the region. CoinDCX can leverage BitOasis’ experience and network to cater to this growing demand and expand its user base significantly.

The acquisition presents several advantages for BitOasis as well. CoinDCX’s financial muscle and technological expertise can empower BitOasis to accelerate its growth plans. The combined entity will boast a wider range of products and services, along with stronger liquidity, benefiting users on both platforms. Additionally, BitOasis can tap into CoinDCX’s institutional investor network, opening doors to new avenues for growth.

Experts believe this acquisition is a win-win for both companies. CoinDCX gains a foothold in a promising new market, while BitOasis receives the resources and backing to solidify its leadership position in the MENA region. The combined entity is expected to become a formidable force in the global cryptocurrency market, shaping the future of digital assets in these regions.

 

The very fabric of Wikipedia, the world’s largest free online encyclopedia, is facing a digital tug-of-war. On one side stand the seasoned human editors, fiercely guarding the platform’s integrity. 

On the other side, artificial intelligence (AI) is making inroads, offering assistance in content creation. However, this potential partnership has morphed into a contentious battleground. At the heart of the issue lies a clash of ideologies. Purists among the editor community view AI-generated content with suspicion. 
They fear an influx of inaccuracies and a dilution of the meticulous human curation that Wikipedia prides itself on. Instances of AI misuse, where factual errors or biases creep into the text, fuel their apprehension. 
The narrative often takes on an accusatory tone. Editors decry the “abuse” of AI, painting a picture of a robot takeover where carefully crafted articles are replaced by machine-generated text. This “snobbery,” as some proponents of AI-assistance call it, overlooks the potential benefits. Here’s where the argument takes a fascinating turn. 
Proponents of AI-assisted writing envision a future where artificial intelligence acts as a research and writing assistant, not a usurper. Imagine an AI that scours credible sources, compiles relevant information, and even suggests citations – all within Wikipedia’s rigorous fact-checking framework. Human editors would then be free to focus on what they do best – verifying information, crafting clear prose, and ensuring the article adheres to Wikipedia’s high standards. 
This collaborative approach holds immense promise. AI can sift through vast amounts of data, unearthing obscure yet relevant information that human editors might miss. It can also streamline the writing process, freeing up valuable time for editors to tackle more complex tasks. The notion that AI will render human editors obsolete is simply unfounded. 
The future of Wikipedia is not about humans versus machines; it’s about humans and machines working together. The resistance from some editors is understandable. Wikipedia thrives on a commitment to accuracy and a well-established editing process. 
Introducing a new element like AI necessitates careful consideration and a robust integration strategy. However, dismissing AI outright hinders progress. The Wikipedia community should embrace a spirit of experimentation. Pilot programs can be implemented, with clear guidelines and rigorous quality control measures in place. The results can then be objectively evaluated to determine the true potential of AI-assisted writing. This is not about blindly embracing technology. It’s about acknowledging the digital landscape and adapting to it. Wikipedia’s core principles – neutrality, verifiability, and freedom of information – can, and should, co-exist with responsible AI use. 
 The truth lies somewhere in between the extremes. AI is not a replacement for human editors; it’s a potential tool to be wielded effectively. Editors who cling to outdated notions risk becoming relics of a bygone era. The future of Wikipedia is undeniably AI-ready. The editors who embrace this change, who understand the power of collaboration and leverage AI as an assistant, will be the ones who shape the future of this invaluable resource. The holdouts, clinging to a bygone era of human-only curation, risk being left behind in the digital dust. The question remains – will Wikipedia evolve into a testament to human-machine collaboration, or will it become a cautionary tale of misplaced resistance to progress? Only time will tell.

The U. S. Department of Justice (DOJ) announced on Wednesday that cryptocurrency exchange BitMEX pleaded guilty to violating the Bank Secrecy Act (BSA). This comes after accusations that the Seychelles-based exchange failed to implement a proper anti-money laundering (AML) program for a significant period. According to the DOJ, BitMEX operated without an adequate AML program between September 2015 and September 2020. This lapse allegedly allowed the exchange […]

Paris, a city synonymous with romance and artistic expression, has also served as a surprising haven for Arab creatives throughout the 20th century. Drawn by the allure of artistic freedom and educational opportunities, young artists from Francophone North Africa and the Levant flocked to the French capital. Established artists, meanwhile, found a platform to showcase their work and collaborate with their European counterparts. This rich exchange is […]

The United Arab Emirates (UAE) delegation attending the United Nations High-Level Political Forum on Sustainable Development (HLPF) presented the country’s roadmap for achieving sustainability goals through strategic partnerships and innovation. Abdullah Nasser Lootah, Deputy Minister for Cabinet Affairs for Competitiveness and Knowledge Exchange, and Chair of the UAE National Committee for Sustainable Development Goals (SDGs), highlighted the UAE’s pioneering approach to development priorities. Lootah emphasized the nation’s […]

Nigeria’s National Information Technology Development Agency (NITDA) is exploring the development of a domestic blockchain specifically designed to bolster national security and safeguard citizen data. The proposed initiative, dubbed “Nigeria”, has garnered support for its potential to empower the nation with greater control over its information infrastructure. Kashifu Abdullahi, Director-General of NITDA, emphasized the project’s significance in fortifying national security. He believes a domestically-developed blockchain would offer […]

Research by Linkflow Capital reveals significant tightening in SME financing accessibility in 2023 SINGAPORE – Media OutReach Newswire – 10 July 2024 – Linkflow Capital’s annual SME financing research shows a significant tightening of credit conditions for Singapore SMEs in 2023, with average loan quantum dropping 42% to $130,000 from $224,000 in 2021. The study, based on data from 2,466 unique users of Linkflow Capital’s SME loan […]

Advertisements

The digital landscape is facing a major security challenge after a record-breaking leak exposed nearly 10 billion passwords. Dubbed “RockYou2024, ” the data dump dwarfs previous compilations, raising concerns for online safety. Researchers at Cybernews, a cybersecurity firm, discovered the leak on a popular hacking forum. The data, titled “RockYou2024. txt, ” was uploaded by a user with a history of sharing stolen information. Analysis indicates RockYou2024 […]

DHL Express’s digital tools are available to equip small and medium enterprises (SMEs) with knowledge and expertise to navigate the global marketplace from planning to aftersales SINGAPORE – Media OutReach Newswire – 10 July 2024 – DHL Express is empowering small and medium enterprises (SMEs) with a suite of digital tools to expand their footprint, and increase international trade and shipping activities. These digital tools enable resource-constrained […]

Expected to generate value over 1.64 billion baht for medical laboratory and healthcare. BANGKOK, THAILAND – Media OutReach Newswire – 10 July 2024 – Informa Markets launched “Medlab Asia & Asia Health 2024,” the largest medical laboratory and medical device trade show and conference in Southeast Asia. Under the concept of International Healthcare Week, it focuses on presenting advancements and innovations in the medical industry, creating opportunities […]

By Tajul Islam As global economic dynamics shift, emerging economies seek new opportunities for growth and influence. A notable development is the BRICS coalition, originally comprising Brazil, Russia, India, China, and South Africa. With its recent expansion, the BRICS framework has introduced the concept of BRICS+, aiming for deeper and more flexible economic integration. This article explores the differences between BRICS and BRICS+, and examines the potential […]

HONG KONG SAR – Media OutReach Newswire – 10 July 2024 – Generali Hong Kong has achieved significant recognition at the Insurance Asia Awards 2024, receiving two prestigious awards that underscore its excellence in social media engagement and product innovation. The two awards received by Generali Hong Kong include: Social Media Initiative of the Year New Insurance Product of the Year The award recognizes Generali Hong Kong’s […]

Industry Veteran Brings Extensive Experience in Scaling Engineering Teams and Building Innovative Products SINGAPORE – Media OutReach Newswire – 10 July 2024 – SleekFlow, a Singapore-based leading provider of AI-powered omnichannel conversation suite, announced the appointment of Gao Lei as Chief Technology Officer CTO, effective immediately. Gao Lei Portrait With over 20 years of tech leadership at Silicon Valley and tech entrepreneurial experience in AI and Big […]

For home cooks who find themselves captivated by culinary creations on Instagram Reels, a new feature from recipe management app Pestle is a game-changer. Gone are the days of frantically scribbling down ingredients or scouring comments for details. Pestle’s on-device artificial intelligence (AI) now empowers users to seamlessly save recipes directly from those enticing short video clips. This innovative solution leverages the power of machine learning, specifically […]

SINGAPORE – Media OutReach Newswire – 9 July 2024 – On 9 July 2024, the Institute of Singapore Chartered Accountants (ISCA) signed a Memorandum of Understanding (MOU) with the Shanghai Institute of Certified Public Accountants (SHICPA), to further areas of collaboration between both professional accountancy bodies. Taking place at the 5th Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting on the same day, the MOU was signed by Mr […]

Over 24,000 global water and city leaders, delegates, and trade visitors attended SIWW2024 SIWW2024 Water Expo featured exhibiting companies from over 30 countries and regions and nine country and regional pavilions, covering 22,000 square metres of exhibition space 51% of exhibiting companies from overseas, catering to 35% of overseas trade visitors, mostly from ASEAN countries SINGAPORE – Media OutReach Newswire – 9 July 2024 – Into its […]

PHU YEN, VIETNAM – Media OutReach Newswire – 9 July 2024 – The Indochina Kajima Development Company Limited (Indochina Kajima) is delighted to announce that Mandarin Oriental, Bai Nom has been awarded its construction permit from the Department of Construction – the People’s Committee of Phu Yen Province on June 11, 2024. This marks a significant milestone in Indochina Kajima’s development of the ultra-luxury resort in Vietnam. […]

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 9 July 2024 – Bigo Live, the top global livestreaming platform, is hosting a thrilling online talent competition starting 11 July. Two races, one between individual hosts (11-19 July) and the other between families (23-31 July), will be elimination rounds of guessing games and performances. Thousands of broadcasters will join the battle for in-app prizes and a […]

BANGKOK, THAILAND – Media OutReach Newswire – 9 July 2024 – This July, ONESIAM warmly invites travelers from around the world to immerse themselves in the heart of Thai culture and tradition as Bangkok celebrates the 72nd birthday of His Majesty King Maha Vajiralongkorn. From July 1 to July 31, 2024, ONESIAM curates a vibrant array of events that showcase Thailand’s rich heritage and royal splendor, making […]

Kodifly has raised $750K from Laidlaw Scholars Ventures to support its mission of enhancing infrastructure management through advanced spatial intelligence. HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – Kodifly, a technology company using AI to support infrastructure management and increased safety in the Transportation sector announced today a $750K investment from Laidlaw Scholars Ventures. This funding will support Kodifly’s productization of its solutions, […]

HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The annual BUSINESS GOVirtual (BGOV) Expo & Conference, focused on innovation and technology, will be held on 11-12 July 2024 at the Hong Kong Convention and Exhibition Centre. Event to Highlight Two Major Technology Trends: Generative AI and Digital Assets Generative AI and Digital Assets are the two new drivers of future economic growth. Over […]

Health supplements like vitamin and minerals powders, protein powders, and tablets are mainly helpful when food is deficient in certain foodstuffs. Health supplements are about to supply the body exact amount of the ingredients that it needs daily and lacks at that moment. However, if a person takes more than the required amount of health supplements then sometimes it causes toxicity and damage to the kidneys and […]

In a feat pushing the boundaries of what’s possible, a resourceful developer has successfully booted a Linux distribution straight from Google Drive. This unconventional approach bypasses traditional storage methods, showcasing the potential for cloud-based computing environments. The project, undertaken by a high school student, leverages the capabilities of FUSE, a user-space filesystem. FUSE allows non-privileged users to create custom file systems without modifying the core kernel code. […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 July 2024 – With its well-rounded functionality, OctaTrader aims to cover the entire traders’ experience across four fundamental areas: payments, education, trading, and decision-making. This all-in-one architecture allows the application to form a trading ecosystem designed for clients of various experience levels, trading styles, and asset preferences. As such, the platform continuously evolves, receiving updates with new enhancements […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Binance SAFU bitcoin holdings halve after security breach // Probe ordered into new bar licences // Bank99 launches business accounts through Austrian postal network // Apollo broadens Abu Dhabi partnership through Mubadala Capital stake // Court evidence disappears in theft // Vigilance collects Divya deals files // ADNOC authorises Ruwais Diyab gas development for 2029 // Row over SARAL law bypassing local bodies // CPI, CPM dispute portrayal of Vayalar uprising leaders // Wired earphones regain buyers as 2016 nostalgia spreads // Assembly ruckus trial begins after 11 years // US forces conduct undisclosed strikes on Qeshm Island // Wildlife board nominations draw ire // Allianz Insurance Singapore Wins Best Annual Travel Insurance Award at TripZilla Excellence Awards 2026 // ONYX Hospitality Group Expands Strategic Partnerships through ONYX Rewards // Varsity jobs face quota questions // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // Use Of Nuclear Weapons Against Iran Could Trigger A Global Chain Reaction // Kerala to move SC over Mullaperiyar safety // KSEB chief shifted in major reshuffle //