KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 July 2024 – When deciding which broker to trade with, there are several caveats to consider. A good broker is hard to find, especially if you are an emerging trader who has yet to become knowledgeable in the intricacies of the financial markets. However, some time-proven rules allow you to manage the risks and make this decision confidently. […]
Hong Kong’s Securities and Futures Commission (SFC) has expanded its watchful eye over the cryptocurrency sector, announcing the addition of seven new unregistered exchanges to its alert list. This move comes as part of the SFC’s ongoing efforts to crack down on unlicensed platforms operating within its jurisdiction. The newly listed exchanges join prominent names like Bitget Pro, MEXC, and Bybit, which were previously flagged by the […]
Facilitating Cross-Border Remittances for Local SMEs SINGAPORE – Media OutReach Newswire – 16 July 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is pleased to announce that it has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License (MPI). This license will allow XTransfer to provide services including account issuance, domestic money transfer, […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 July 2024 – One of the most important holidays in the Islamic tradition, Eid al-Adha, or ‘The Feast of Sacrifice’, is observed by Muslims all around the world. This year, the festivities took place between 15 and 19 of June. The holiday celebration includes a special prayer followed by the sacrifice of an animal, usually a goat, sheep, […]
Investors in the cryptocurrency market are closely monitoring the recent surge in crypto-related stocks, spurred by renewed interest and strategic moves in the industry. Market experts point to a significant uptick in trading activity, driven by growing investor confidence and anticipation of potential policy shifts under the spotlight of former President Donald Trump. Amidst a backdrop of global economic uncertainty, cryptocurrency investments have emerged as a focal […]
Bitcoin reclaimed the $, mark today, marking a robust resurgence fueled by renewed investor interest in high-risk assets termed as ‘Trump Trades’. This uptick follows a volatile weekend in global markets, spurred by geopolitical tensions and economic uncertainties. Over the past hours, Bitcoin surged by over 5%, reaching a peak of $, in early trading. The cryptocurrency’s rally coincided with a broader market shift towards riskier investments, […]
The cryptocurrency investment landscape has expanded significantly with the introduction of options on leveraged bitcoin exchange-traded funds (ETFs). This development marks a groundbreaking moment for the ETF industry as investors now have the ability to trade options on products tracking bitcoin’s spot price through derivative swaps. Rex Shares and Tuttle, the firms behind the newly launched T-Rex 2x Long Bitcoin Daily Target ETF and the T-Rex 2x […]
PTOUNX: Debunking Misinformation and Upholding Security COLORADO, US – Media OutReach Newswire – 12 July 2024 – Recent warnings about fraudulent cryptocurrency exchanges and job scams, including an unfounded alert involving PTOUNX on July 9, 2024, highlight the need for vigilance in the digital finance space. These scams, often propagated through deceptive Facebook ads and WhatsApp groups, promise lucrative trading opportunities under the guise of mentorship. Victims […]
HONG KONG SAR – Media OutReach Newswire – 12 July 2024 – Today, IX Asia Indexes announced the 2024 2nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19th July, 2024 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index (“IXCI”) […]
HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2024. The Group’s sales for the quarter ended 30 June 2024 were US$935 million […]
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.
HANOI, VIETNAM – Media OutReach Newswire – 10 July 2024 – VinFast, a pioneering Vietnamese electric vehicle (EV) manufacturer, is making waves on the global stage with its meteoric rise. This upstart, emblematic of Vietnam’s burgeoning economic power, has now set its sights on the electric vehicle market in the Middle East. VinFast EV manufacturing complex in Hai Phong, Vietnam Haiphong Harbor, once a symbol of a […]
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 […]
Arabian Post Staff -Dubai Ram Buxani, a leading figure in Dubai’s Indian business community and a renowned philanthropist, passed away on Monday at his residence. He was 83 years old. Buxani’s life embodied the spirit of entrepreneurship that has fueled Dubai’s remarkable growth. Arriving in the emirate in 1959 at the age of 18, he witnessed firsthand its transformation from a modest trading hub to a global […]
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 […]
The Grayscale Ethereum Trust (ETHE), a financial vehicle allowing investors exposure to Ethereum without directly owning the cryptocurrency, has undergone a significant shift. After trading at a discount for nearly three years, ETHE’s share price now sits at a premium to its underlying net asset value (NAV) for the first time since November 2021. This development, reported on July 3rd, 2024, by financial data provider ycharts. com, […]
Spain continued their imperious march through Euro 2024, edging past tournament hosts Germany 2-1 in a pulsating quarter-final clash at the Mercedes-Benz Arena in Stuttgart. The victory sets up a mouthwatering semi-final encounter for Luis Enrique’s men, who remain the only unbeaten team at the Euros. Germany, buoyed by a passionate home crowd and fresh off a confidence-boosting win in the round of 16, started brightly. Jamal […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 July 2024 – Trading in the global markets, especially Forex, is sometimes perceived as a game of luck by those who don’t know much about finance. However, professional traders regard it as a blend of science and self-discipline, driven by principles and insights often overlooked by amateurs. Here are some of the key secrets that professional traders leverage […]
Arabian Post Staff -Dubai The Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund, is gearing up for potential acquisitions by listing portfolio companies on the Abu Dhabi Stock Exchange (ADEX). This strategic shift aims to raise capital that can be reinvested into new ventures, propelling ADIA’s global investment influence. Financial analysts suggest that ADIA’s decision to leverage the ADEX platform reflects growing confidence in the […]
While Bitcoin continues to dominate headlines and capture the imagination of some investors, a new report suggests Canadians are taking a wait-and-see approach to cryptocurrencies, preferring the familiarity of physical cash. The Cointelegraph report, citing a recent study from the Canadian Imperial Bank of Commerce (CIBC), revealed that a whopping 82% of Canadians surveyed still rely on cash for everyday transactions. The study, which polled over 1, […]
LONDON, UK – Media OutReach Newswire – 4 July 2024 – In the rapidly evolving world of cryptocurrency, finding a platform that combines innovative technology, compliance and security, and profitability is crucial for every trader. As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. Founded by Alex Sandro, a Cambridge University graduate, UbitEx is redefining the […]
Arabian Post Staff -Dubai Dubai’s DP World, a giant in global port operations, and China’s Zhejiang Seaport Group have joined forces to strengthen trade links between the United Arab Emirates (UAE) and China. This strategic collaboration aims to improve logistics and shipping efficiency between Jebel Ali Port, Dubai’s crown jewel, and Ningbo-Zhoushan Port, a leading port in eastern China. The partnership will focus on attracting new shipping […]
LONDON, UK – Media OutReach Newswire – 4 July 2024 – As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. UbitEx is redefining the landscape of crypto trading with its industry-leading AI technology and user-centric approach. Beyond Trading: UbitEx’s Complete Product Ecosystem At the core of UbitEx’s success is its cutting-edge FlyLeopard AI technology. This intelligent […]
