MEXC users across 170+ countries can now stake TAO through validator infrastructure run by Yuma
STAMFORD, Conn., July 22 (Bernama-GLOBE NEWSWIRE) -- MEXC launched TAO staking today, running on Yuma’s validator infrastructure. The launch expands TAO staking access to MEXC’s 40M+ users.
MEXC integrated infrastructure from Yuma, an operator focused exclusively on Bittensor. Because Yuma evaluates network performance firsthand and submits its own weights—a form of performance grading to achieve network consensus—TAO staked via MEXC earns rewards by supporting the strongest Bittensor contributors and enhancing the network’s overall health.
Bittensor is a decentralized AI protocol coordinating open-source AI development. Companies are building and deploying services built on Bittensor across many disciplines, including cybersecurity, financial intelligence, and AI model training. The protocol has emerged as a leading open-source ecosystem where builders and operators collaborate to develop and monetize AI capabilities at scale.
“Introducing millions of users to Bittensor takes broad distribution and high-quality infrastructure,” said Evan Malanga, Chief Revenue Officer at Yuma. “Our proprietary research enables Yuma to commit stake to rewarding the most productive and valuable subnets, enhancing the health of the Bittensor ecosystem. Our infrastructure now backs every MEXC user’s staked TAO, expanding access to the Bittensor network and supporting the open-source production of artificial intelligence.”
MEXC will support the launch with limited-time promotions to encourage network participation.
Learn more about Yuma Staking at https://www.yumaai.com/staking and stake on MEXC at https://mexc.com/earn.
About Yuma
Yuma is a Bittensor-focused infrastructure and investment firm operating within the open-source artificial intelligence industry. The firm invests, validates, mines, researches, and builds across the Bittensor AI network through staking infrastructure, subnet acceleration, and institutional asset management. Combining deep financial and technical expertise, Yuma applies institutional discipline while engaging directly with the Bittensor protocol. Yuma is a subsidiary of Digital Currency Group (DCG). Learn more at yumaai.com.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
Media Contacts
media@yumaai.com
media@mexc.com
SOURCE: Yuma
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Wednesday, 22 July 2026
AM BEST ASSIGNS STABLE OUTLOOK TO PHILIPPINES' MAAGAP
KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B+ (Good), a long-term issuer credit rating of “bbb-” (Good) and a Philippines National Scale Rating of aa.PH (Superior) to MAAGAP Insurance Inc (MAAGAP).
AM Best in a statement said the outlook assigned to these credit ratings (ratings) carries a stable outlook, reflecting MAAGAP's strong balance sheet strength assessment, adequate operating performance, limited business profile and appropriate enterprise risk management.
MAAGAP’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The company's robust capital adequacy benefits in part from healthy earnings retention over recent years. In addition, it has a low-to-moderate risk investment portfolio, with the majority of investments allocated to Philippine government bonds and well-rated domestic corporate bonds.
A partially offsetting factor is MAAGAP's elevated reliance on reinsurance to support the underwriting of catastrophe-exposed business. However, this risk is partially mitigated because the majority of its reinsurance recoverables are from counterparties with sound credit quality.
AM Best assesses MAAGAP's operating performance as adequate, with a five-year average return on equity of 8.8 per cent for fiscal years 2021 to 2025. Its underwriting performance showed some volatility over the period, partly due to losses arising from natural catastrophes and large loss events.
However, ongoing remedial measures supported an improvement in underwriting results in fiscal year 2025, although the elevated expense ratio recorded in recent periods remains an offsetting factor.
Prospectively, this is expected to improve as the company grows its book of business and benefits from greater economies of scale. Additionally, investment returns, derived mainly from interest income, are viewed to be stable and supportive of overall earnings.
-- BERNAMA
AM Best in a statement said the outlook assigned to these credit ratings (ratings) carries a stable outlook, reflecting MAAGAP's strong balance sheet strength assessment, adequate operating performance, limited business profile and appropriate enterprise risk management.
MAAGAP’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The company's robust capital adequacy benefits in part from healthy earnings retention over recent years. In addition, it has a low-to-moderate risk investment portfolio, with the majority of investments allocated to Philippine government bonds and well-rated domestic corporate bonds.
A partially offsetting factor is MAAGAP's elevated reliance on reinsurance to support the underwriting of catastrophe-exposed business. However, this risk is partially mitigated because the majority of its reinsurance recoverables are from counterparties with sound credit quality.
AM Best assesses MAAGAP's operating performance as adequate, with a five-year average return on equity of 8.8 per cent for fiscal years 2021 to 2025. Its underwriting performance showed some volatility over the period, partly due to losses arising from natural catastrophes and large loss events.
However, ongoing remedial measures supported an improvement in underwriting results in fiscal year 2025, although the elevated expense ratio recorded in recent periods remains an offsetting factor.
Prospectively, this is expected to improve as the company grows its book of business and benefits from greater economies of scale. Additionally, investment returns, derived mainly from interest income, are viewed to be stable and supportive of overall earnings.
-- BERNAMA
Saturday, 18 July 2026
AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
HONG KONG, July 16 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of DB Insurance Co., Ltd. (DBI) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect DBI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
DBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), including credit for hybrid securities. DBI’s strong capability of internal capital generation, financial flexibility and tight asset-liability management allows the company’s capital to stay resilient amid an unfavourable business environment, such as volatile interest rate movements. In AM Best’s view, the company had a positive adjusted financial leverage ratio of 11.9% at year-end 2025, which includes equity credit for hybrid securities, and strong interest coverage for 2025. While the acquisition of The Fortegra Group, Inc. (Fortegra), completed in May 2026, could potentially weigh on risk-adjusted capitalisation, AM Best views DBI as having a sufficient capital buffer to absorb the impact, and expects the company to recover through strong earnings generation.
AM Best assesses DBI’s operating performance as strong, underpinned by continued double-digit return-on-equity, supported by a combined ratio that generally outperforms its domestic peers and robust investment profits. AM Best expects the recent decrease in overall underwriting profitability to be manageable, following various mitigative measures in each business line including active rate adjustments and tightened underwriting discipline. In particular, the company’s large contractual service margin will continue to provide a stable source of underwriting income in the long-term insurance line. Prospectively, the acquisition of Fortegra is expected to provide a moderate uplift to DBI’s overall earnings.
DBI remains one of the leading non-life insurers in South Korea, with a market share of about 19% in terms of insurance service revenue in 2025. The company benefits from a strong brand in its domestic market and its diversified product offerings, including long-term, auto and general insurances. Its profile is strengthened further by the life insurance business through its subsidiary, DB Life Insurance Co., Ltd. In addition, the acquisition of Fortegra is expected to bring geographic and product diversification to DBI, bolstering its international growth strategy and supporting its long-term positioning in the U.S. market.
Negative rating actions could occur if DBI shows a sustained deterioration in its operating performance to a level that no longer supports the current strong assessment. Negative rating actions also could occur if there is a significant deterioration in the company’s balance sheet strength fundamentals. Although unlikely in the medium term, positive rating actions could occur if DBI demonstrates an unquestionable market leadership position with high brand recognition in both domestic and overseas markets, while maintaining strong profitability.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260715299974/en/
Contact
Seokjae Lee
Senior Financial Analyst
+852 2827 3407
seokjae.lee@ambest.com
Chanyoung Lee
Director, Analytics
+852 2857 3404
chanyoung.lee@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
DBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), including credit for hybrid securities. DBI’s strong capability of internal capital generation, financial flexibility and tight asset-liability management allows the company’s capital to stay resilient amid an unfavourable business environment, such as volatile interest rate movements. In AM Best’s view, the company had a positive adjusted financial leverage ratio of 11.9% at year-end 2025, which includes equity credit for hybrid securities, and strong interest coverage for 2025. While the acquisition of The Fortegra Group, Inc. (Fortegra), completed in May 2026, could potentially weigh on risk-adjusted capitalisation, AM Best views DBI as having a sufficient capital buffer to absorb the impact, and expects the company to recover through strong earnings generation.
AM Best assesses DBI’s operating performance as strong, underpinned by continued double-digit return-on-equity, supported by a combined ratio that generally outperforms its domestic peers and robust investment profits. AM Best expects the recent decrease in overall underwriting profitability to be manageable, following various mitigative measures in each business line including active rate adjustments and tightened underwriting discipline. In particular, the company’s large contractual service margin will continue to provide a stable source of underwriting income in the long-term insurance line. Prospectively, the acquisition of Fortegra is expected to provide a moderate uplift to DBI’s overall earnings.
DBI remains one of the leading non-life insurers in South Korea, with a market share of about 19% in terms of insurance service revenue in 2025. The company benefits from a strong brand in its domestic market and its diversified product offerings, including long-term, auto and general insurances. Its profile is strengthened further by the life insurance business through its subsidiary, DB Life Insurance Co., Ltd. In addition, the acquisition of Fortegra is expected to bring geographic and product diversification to DBI, bolstering its international growth strategy and supporting its long-term positioning in the U.S. market.
Negative rating actions could occur if DBI shows a sustained deterioration in its operating performance to a level that no longer supports the current strong assessment. Negative rating actions also could occur if there is a significant deterioration in the company’s balance sheet strength fundamentals. Although unlikely in the medium term, positive rating actions could occur if DBI demonstrates an unquestionable market leadership position with high brand recognition in both domestic and overseas markets, while maintaining strong profitability.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260715299974/en/
Contact
Seokjae Lee
Senior Financial Analyst
+852 2827 3407
seokjae.lee@ambest.com
Chanyoung Lee
Director, Analytics
+852 2857 3404
chanyoung.lee@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
Friday, 17 July 2026
IFAST GLOBAL BANK ADDS CHINA QR PAYMENT SUPPORT
KUALA LUMPUR, July 17 (Bernama) -- iFAST Global Bank has expanded its Worldwide Scan & Pay service to support QR code payments in China, allowing customers to make cross-border transactions through Alipay+, the unified wallet gateway of Ant International.
In a statement, the bank said customers can make payments at Alipay+ compatible merchants and supported national QR payment networks in China by scanning QR codes using the iFAST Global Bank mobile application, eliminating the need for a physical payment card.
iFAST Global Bank General Manager of Digital Personal Banking, Simon Lee said China is one of the world's largest QR payment markets, with QR code payments deeply integrated into everyday life, and the expansion enables customers to enjoy the same convenience while travelling or managing an internationally connected lifestyle.
The bank said the move comes as international travel to China for business, education and tourism continues to increase, driving demand for familiar and convenient cross-border payment solutions through a single global banking account.
To mark the launch, iFAST Global Bank is offering one per cent cashback on eligible QR code payments made via Worldwide Scan & Pay from June 16 to Aug 16.
The cashback is capped at GBP10 per customer, based on qualifying spending of up to GBP1,000 during the promotional period, and will be credited automatically to eligible customers' accounts. (GBP1 = RM5.48)
The promotion is available to Digital Personal Banking customers with an active iFAST Global Bank account and access to the Worldwide Scan & Pay service, subject to the programme's terms and conditions.
-- BERNAMA
Wednesday, 15 July 2026
PRAYTELL EXPANDS INTO ASIA WITH SINGAPORE OFFICE
KUALA LUMPUR, July 15 (Bernama) -- Praytell has expanded into Asia with the opening of a Singapore office, marking the creative communications agency's latest step in its global growth strategy and strengthening its presence across North America, Europe, Asia and Australia.
According to the company in a statement, the new office will be led by industry veteran Debbie Chin, who joins Praytell as Executive Vice President, Asia. Based in Singapore, the regional hub will support global brands operating across Asian markets while helping Asian companies expand into the United States and other international markets.
Praytell Chief Executive Officer (CEO), Beth Cleveland said the expansion reflects Praytell's continued investment in growth, with the Singapore office combining the agency's global capabilities with regional expertise to deliver localised communications and storytelling for clients.
Chin brings more than 25 years of communications experience across London, Shanghai and Singapore, having worked with multinational brands including Unilever and Procter & Gamble. She joins from Weber Shandwick, where she led global communications for major consumer portfolios.
Praytell said its Singapore office will also strengthen collaboration within the Project Worldwide alliance by working alongside sister agencies George P. Johnson and DARKHORSE to provide integrated marketing, communications and brand experience services across the region.
Project Worldwide APAC CEO, Ben Taylor said adding Praytell's creative communications capabilities strengthens the alliance's regional offering and supports its strategy of delivering integrated marketing solutions for global brands.
Founded in 2010, Project Worldwide comprises 13 agencies, 45 offices and 2,300 employees globally. Praytell first entered the Asia-Pacific (APAC) region in 2021 with the launch of its Melbourne office and has since expanded into Sydney.
-- BERNAMA
According to the company in a statement, the new office will be led by industry veteran Debbie Chin, who joins Praytell as Executive Vice President, Asia. Based in Singapore, the regional hub will support global brands operating across Asian markets while helping Asian companies expand into the United States and other international markets.
Praytell Chief Executive Officer (CEO), Beth Cleveland said the expansion reflects Praytell's continued investment in growth, with the Singapore office combining the agency's global capabilities with regional expertise to deliver localised communications and storytelling for clients.
Chin brings more than 25 years of communications experience across London, Shanghai and Singapore, having worked with multinational brands including Unilever and Procter & Gamble. She joins from Weber Shandwick, where she led global communications for major consumer portfolios.
Praytell said its Singapore office will also strengthen collaboration within the Project Worldwide alliance by working alongside sister agencies George P. Johnson and DARKHORSE to provide integrated marketing, communications and brand experience services across the region.
Project Worldwide APAC CEO, Ben Taylor said adding Praytell's creative communications capabilities strengthens the alliance's regional offering and supports its strategy of delivering integrated marketing solutions for global brands.
Founded in 2010, Project Worldwide comprises 13 agencies, 45 offices and 2,300 employees globally. Praytell first entered the Asia-Pacific (APAC) region in 2021 with the launch of its Melbourne office and has since expanded into Sydney.
-- BERNAMA
Friday, 10 July 2026
DEWA LAUNCHES INTERNATIONAL ARM TO EXPAND GLOBAL ENERGY AND WATER PROJECTS
 |
| DEWA International launched as a wholly owned independent subsidiary of DEWA to develop global energy and water projects (Photo: AETOSWire) |
KUALA LUMPUR, July 10 (Bernama) -- Dubai Electricity and Water Authority (DEWA) has announced the establishment of DEWA International, its wholly owned independent subsidiary, to develop conventional and clean energy projects worldwide and export Dubai’s successful energy and water infrastructure model to global markets.
Dubai Supreme Council of Energy Chairman, Sheikh Ahmed bin Saeed Al Maktoum said Dubai has firmly established itself as a leading international benchmark through world-class infrastructure, particularly in the energy and water sectors.
In a statement, Sheikh Ahmed said the launch of DEWA International marks a strategic step towards extending this successful model to global markets and strengthening Dubai’s position as a source of knowledge and expertise in energy, water, sustainability and digital transformation.
Meanwhile, DEWA Managing Director and Chief Executive Officer, Saeed Mohammed Al Tayer said DEWA has powered Dubai’s growth for decades through high performance and efficiency.
“Now, we rank first globally in 13 key utility performance indicators and two regional benchmarks across generation, transmission, distribution and customer service. Our financial strength provides real strategic freedom through sustained revenue growth, strong margins and significant investing capacity,” said Saeed Mohammed.
He added that DEWA International will develop power and water projects using advanced technologies in partnership with leading organisations worldwide, with work already underway to identify opportunities, build a project pipeline and establish strategic partnerships.
-- BERNAMA
Abaxx Approves CIX As Custodian For Carbon Futures Contract
KUALA LUMPUR, July 9 (Bernama) -- Abaxx Technologies Inc announced that Climate Impact X (CIX), a global environmental markets exchange, has been approved as an eligible custodian for Abaxx Exchange’s carbon futures contracts.
Participants taking delivery under these contracts can now hold their credits with CIX, giving them an additional route to manage post-trade activity.
Abaxx Exchange Chief Commercial Officer, Joe Raia said market participants need clearer ways to price carbon exposure before they trade and more efficient ways to manage credits after they do.
“Abaxx carbon futures are designed to provide a transparent, exchange-traded price signal, and CIX’s approval as an eligible custodian expands the post-trade choices available to participants taking delivery under those contracts,” added Raia in a statement.
Environmental markets remain fragmented, with carbon credits held across multiple registries, creating operational complexity and added cost for companies moving assets between markets.
With CIX as an approved custodian, clients can use its omnibus custodial service and multi-registry connectivity to hold, transfer and retire credits delivered under Abaxx carbon futures alongside credits from their own spot market activities. The arrangement provides greater flexibility, enhances trading efficiency and reduces the need to maintain multiple service provider accounts or relationships.
The arrangement was first utilised on July 1 to facilitate the transfer and delivery of 120 lots under Abaxx’s CORSIA Phase One futures contract, with each lot representing 100 CORSIA Eligible Emissions Units (EEUs).
The arrangement covers Abaxx's Jurisdictional REDD+ and CORSIA Phase One futures contracts and forms part of CIX's ongoing efforts to build the market infrastructure needed to scale participation. CIX is currently connected to 12 registries, with plans to expand further.
-- BERNAMA
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