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A prominent cryptocurrency analyst has ignited fresh optimism in the altcoin market, predicting a significant price surge for a leading alternative coin. The analyst, whose identity remains undisclosed for this report, also offered an updated forecast for Ethereum, the world’s second-largest cryptocurrency by market capitalization. The analyst, known for their accurate technical analysis in the crypto space, specifically pinpointed a “blue-chip altcoin” as primed for a breakout. […]

Fidelity Digital Assets, the cryptocurrency custody arm of financial services giant Fidelity Investments, has been hit by a significant decline in revenue in 2023. According to documents filed with Companies House, the business experienced a 60% drop in revenue compared to 2022, bringing in just £545, 000 ($695, 000) over the past year. This financial slump comes alongside a rise in operating expenses of 32% year-on-year, reaching […]

In a move to strengthen international cooperation against piracy, the United Arab Emirates (UAE) announced a contribution of one million US dollars to the United Nations Trust Fund for Piracy off the Coast of Somalia. The announcement, made on June 4, 2024, underscores the UAE’s commitment to the safety and security of vital shipping lanes. Piracy poses a significant threat to global commerce, disrupting trade routes and […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 May 2024 – With the current capitalisation of 468.42 billion USD, Ethereum (ETH) is the second-largest cryptocurrency network by market capitalisation after Bitcoin. As many experts point out, Ethereum is well-positioned to remain a crypto powerhouse for many years to come. What makes this digital asset so unique, and what drove its robust growth over the recent years? […]

The meme world has crowned a new champion. Pepe, the cryptocurrency inspired by the ubiquitous frog meme, has seen a meteoric rise in May, solidifying its position as the most profitable major memecoin available. Fueled by a staggering 90% price surge this month, Pepe has propelled over 96% of its holders into profitability. This stands in stark contrast to other prominent memecoins, many of which have seen […]

Blum, a cryptocurrency platform founded by former Binance executives, has achieved a significant milestone, surpassing 8 million users. This rapid growth is attributed to the platform’s innovative features and robust customer support system, which has fostered widespread adoption among both seasoned crypto traders and newcomers to the digital asset space. Launched in late 2022, Blum has carved a niche for itself in the ever-growing cryptocurrency market by […]

The Ethereum NFT market, once a red-hotbed of frenzied activity, has undergone a dramatic shift, with the number of traders plummeting by a staggering 85% over the past two years. This sharp decline, fueled by a confluence of factors, raises questions about the long-term viability of the NFT market and its underlying technology. The initial boom of Ethereum NFTs was characterized by a surge in popularity, with […]

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 May 2024 – Kenanga Investment Bank Berhad (“Kenanga” or “Kenanga Group” or “the Group“) today announced its financial results for the first quarter ended on 31 March 2024 (“1Q24“). Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad The Group reported an increase in revenue to RM204.2 million and growth in profit before tax (“PBT“) to […]

Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain SINGAPORE – Media OutReach Newswire – 28 May 2024 – The Asia-Pacific region stands as the cornerstone of global textile and garment manufacturing. As the industry navigates the rapidly evolving landscape, the inaugural Asia-Pacific Textile and Apparel Supply Chain Expo & Summit (APTEXPO 2024) is poised to be a catalyst to help the stakeholders thrive and overcome the […]

Japanese financial services giant Nomura Holdings and its digital asset subsidiary, Laser Digital, are joining forces with GMO Internet Group to delve into the issuance of stablecoins pegged to both the Japanese yen (JPY) and the United States dollar (USD) within Japan. This collaborative effort signifies a growing interest in stablecoin technology from established financial institutions in the Asian nation. The announcement, made on May 27, 2024, […]

SINGAPORE- Media OutReach Newswire – 27 May 2024 – MPFunds, Asia’s First Trading Performance Programme, announces its strategic expansion into Thailand, solidifying its position as the leading modern prop trading firm in Asia. This bold move comes after a year of incredible success, highlighted by a major event that showcases MPFunds’ leading role in the trading industry. Mypocket Funds expanding to Thailand and Beyond The decision to […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 May 2024 – The latest economic report for the first quarter of 2024 from Bank Negara Malaysia (BNM), combined with new, revised data from the Department of Statistics Malaysia (DOSM), gives optimism about Malaysia’s economy in the coming year. Thus, the economy grew by 4.2% at the end of the first quarter of 2024, beating the 3.9% growth […]

The European Union (EU) is experiencing a positive shift in its trade balance, with exports of goods exceeding imports for the third consecutive quarter. This trend, reported by Eurostat, the statistical office of the EU, signifies a turnaround from a period of deficit that began in late 2021. The first quarter of 2024 saw a significant decline in imports from non-EU countries by 2. 9% compared to […]

HONG KONG SAR – Media OutReach Newswire – 24 May 2024 – Global CFDs broker VT Markets participated as a key exhibitor in the WIKIEXPO fintech expo held in Hong Kong on 17 May. Organized by WikiGlobal, the event brought together 300 exhibitors and over 3,000 elite professionals from the global financial industry to explore the integration of finance and information technology. Fintech remains highlight of the […]

NEW YORK, US – Media OutReach Newswire – 24 May 2024 – CBiGroup, a Fintech Group based in the U.S., has secured $15 million in Series A funding. Alpol Capital Family Office, known for its investments in new technologies, led the funding round. The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBiGroup. Founded in […]

NEW YORK, USA – Media OutReach Newswire – 24 May 2024 – Recently, ZUHYX, a leading global crypto asset exchange, announced a $200 million investment fund for venture investments and innovation incubation in the Web3 domain. This fund will support startups focused on increasing crypto adoption, emphasizing project incubation, early-stage development, and later-stage growth, thereby promoting the widespread adoption of blockchain technology and cryptocurrencies. “We aim to […]

SINGAPORE – Media OutReach Newswire – 24 May 2024 – AIRDROP2049 successfully concluded its maiden season on May 23rd after a five-week run, attracting over 1 million users from 190 countries and regions, alongside the participation of more than 50 partners. Notably, over 60% of users engaged in the activity through social invitations, underscoring the project’s widespread appeal and virality. In light of this achievement, the project […]

Hong Kong’s burgeoning cryptocurrency industry faces a setback as major exchange OKX announced its withdrawal from the market. The decision, effective May 31, 2024, comes after OKX opted to forgo its application for a Virtual Asset Service Provider (VASP) license – a key regulatory requirement for operating in the region. OKX’s announcement underscores the evolving regulatory landscape for cryptocurrency exchanges in Hong Kong. In 2023, the city […]

The United Arab Emirates (UAE) announced a significant economic boost for Pakistan with the allocation of $10 billion for investment in promising sectors. The news follows a working visit by Pakistan’s Prime Minister, Shehbaz Sharif, to the UAE, where he held talks with President His Highness Sheikh Mohamed bin Zayed Al Nahyan. This financial injection is expected to provide a much-needed shot in the arm for Pakistan’s […]

Arabian Post Staff – Dubai The Abu Dhabi National Oil Company (ADNOC) announced the successful completion of a secondary share sale in ADNOC Drilling, raising $935 million. This transaction, designed to broaden investor participation and enhance liquidity in the UAE’s equity market, follows ADNOC Drilling’s initial public offering (IPO) in 2021. The offering involved the placement of 880 million shares with institutional investors, representing 5. 5% of […]

Spackman Media Group artist Wi Ha-jun’s latest romance K-drama THE MIDNIGHT ROMANCE IN HAGWON premiered on Korea’s tvN on May 11 and its second episode ranked first in its time slot among both cable and terrestrial channels according to Nielsen Korea Headlined by Wi Ha-jun of Spackman Media Group, THE MIDNIGHT ROMANCE IN HAGWON is also available for streaming on OTT platforms such as TVING in Korea, […]

Bybit, a leading cryptocurrency exchange by trading volume, has achieved a significant milestone, surpassing 30 million registered users globally. This remarkable feat comes amidst a period of exceptional growth for the company, solidifying its position as a frontrunner in the ever-evolving blockchain industry. Bybit’s user base has witnessed a substantial expansion in recent months. Just six months ago, the exchange boasted over 20 million registered users. This […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 21 May 2024 – The approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024 triggered a substantial rise in the bitcoin price. Also, interest in the proposed spot Ethereum ETF has increased. If approved, it could spark another rally in the cryptocurrency market. Are there any opportunities to make money […]

Ripple’s XRP token occupies an interesting space in the cryptocurrency market. Despite facing criticism and regulatory hurdles, holding onto XRP might be a strategic decision for some investors. Here’s a breakdown of the key factors at play. 1. The Allure of RippleNet XRP’s primary utility lies in its role within RippleNet, a global payments network designed to facilitate faster and cheaper cross-border transactions. Financial institutions are Ripple’s […]

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Just in:
Emaar approves Development buyout ahead of planned delisting // Hong Kong mandates crypto transaction disclosures to tax authorities // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Technology shares plunge as Nasdaq enters correction // Emirates Group records AED 4.1 billion half-year profit // Dubai boat show confirms international shipyard line-up for November // Ousted top Kochi cop gets IG post // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Cloudflare unveils Zero Wire vulnerability intelligence service // UK air traffic outage inflicted £33m financial losses // ADIA and partners establish $1.4 billion aviation venture // Oil advances towards $100 as tanker attacks persist // Kochi police detain two actors over bid to honey trap doctor // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // OpenAI identifies 948 Linux privilege escalation flaws using AI // Millions Of Indians May Soon Be Deprived Of Government Assistance //