SYDNEY, June 9 (Bernama-GLOBE NEWSWIRE) -- Leading online FX and CFD broker Axi attended the Finance Magnates Africa Summit (FMAS:25), held on May 29-30, 2025, at the Cape Town International Convention Centre in Cape Town, South Africa.
Event attendees were introduced to Axi Select, Axi’s capital allocation program launched in 2023. The program, designed to empower ambitious traders on their trading journey, has been a game-changer in the trading field. Tens of thousands of traders worldwide have signed up to Axi Select, with many now reaching significant milestones and accessing funding amounts of $100,000, $200,000, and $500,000, and the top funding milestone, $1,000,000.
Attendees of the expo also had the opportunity to explore Axi’s Introducing Broker (IB) and Affiliate programs, learn more about the broker’s partnership with Premier League Champions, Man City, as well as snap exclusive photos with Man City’s Premier League memorabilia and the club’s mascot, brought in especially for the event.
Further to the broker’s collaboration with Premier League club, Manchester City FC, Axi also partners with Brazilian club, Esporte Clube Bahia, LaLiga club, Girona FC, and named England international John Stones as their Brand Ambassador in 2023. Over the past several months, Axi has garnered significant recognition for its innovation in the trading industry. The broker was recently named ‘Best Funded Trader Programme’ by the ADVFN International Financial Awards 2025, acknowledging the excellence of its capital allocation program, Axi Select. In 2024, Axi was also celebrated at the 2024 Dubai Forex Expo with the ‘Innovator of the Year’ award, and was named ‘Most Innovative Proprietary Trading Firm’ by Finance Feeds, highlighting the broker’s continued focus to providing their traders with the competitive edge they need to succeed.
View highlights here: https://youtu.be/Ec2VYV8vOi4
*Granted to the Axi Group of Companies.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.
About Axi
Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.
For more information or additional comments from Axi, please contact: mediaenquiries@axi.com
SOURCE: AxiTrader Limited
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
Monday, 9 June 2025
Thursday, 5 June 2025
K Wave Media, Inc. (Nasdaq: KWM) (“K Wave” or the “Company”) Announces entering into a securities purchase agreement for $500 Million Equity Purchase Facility to Support Bitcoin Treasury Strategy
KWM declares strategic intent to become “the Metaplanet of Korea,” following the model of Metaplanet Inc., 2024’s top-performing global stock with a return of over 4,000%
NEW YORK and SEOUL, South Korea, June 5 (Bernama-GLOBE NEWSWIRE) -- K Wave Media, Inc. (Nasdaq: KWM) (“K Wave” or the “Company”), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, providing for the sale by the Company of up to $500 million of ordinary shares.
Proceeds from the facility will be used to support the Company’s Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards.
K Wave is looking to be the “Metaplanet of Korea” — referencing Japan’s Metaplanet Inc., which became the #1 performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin reserve strategy. The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe. With its growing media and entertainment businesses, BTC treasury, and the utilization of BTC by KWM, will allow consumers to experience KWM’s content and K-pop merchandising in a WEB3 environment and become a catalyst for more rapid growth.
The Company’s asset treasury strategy reflects its commitment to innovation and forward-looking asset management. Key initiatives under the strategy include:
NEW YORK and SEOUL, South Korea, June 5 (Bernama-GLOBE NEWSWIRE) -- K Wave Media, Inc. (Nasdaq: KWM) (“K Wave” or the “Company”), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, providing for the sale by the Company of up to $500 million of ordinary shares.
Proceeds from the facility will be used to support the Company’s Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards.
K Wave is looking to be the “Metaplanet of Korea” — referencing Japan’s Metaplanet Inc., which became the #1 performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin reserve strategy. The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe. With its growing media and entertainment businesses, BTC treasury, and the utilization of BTC by KWM, will allow consumers to experience KWM’s content and K-pop merchandising in a WEB3 environment and become a catalyst for more rapid growth.
The Company’s asset treasury strategy reflects its commitment to innovation and forward-looking asset management. Key initiatives under the strategy include:
- Acquiring and holding BTC as a primary corporate reserve asset
- Reinvesting BTC yields into additional Bitcoin purchases and infrastructure initiatives to deepen its engagement with the Bitcoin ecosystem.
- Allowing KWM’s consumers to purchase KWM’s content and K-pop merchandising utilizing BTC in a WEB3 environment. Investors can invest in top-quality Korean film and K-pop projects utilizing approved coins by KWM, including BTC.
By adopting Bitcoin as its core reserve asset, K Wave aims to strengthen its balance sheet with the world’s most secure and decentralized digital currency while aligning itself strategically with the growing global Bitcoin economy and Web3 future.
Choi, Pyeungho, Chairman of the Board of KWM, commented:
“K Wave Media’s bold adoption of Bitcoin as a treasury reserve asset is a visionary move that signals the growing convergence between digital media and decentralized finance. We are proud to support K Wave’s mission to lead Web3 integration in the content space and believe this strategy will create strong, long-term value for its shareholders.”
Ted Kim, Co-Interim CEO of K Wave Media, added:
“At K Wave, we are reimagining the future of media — and that includes our financial foundation. Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation. This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce Korea’s best content and help position KWM in the K POP’s entire ecosystem by allowing it to expand to concert management and music distribution, among others.
About K Wave Media
Founded in 2023 and headquartered in the Cayman Islands, K Wave Media Ltd is a diversified entertainment company with operating companies in Korea producing high-quality K-content, K-pop merchandising, and K-entertainment investments. With a strong focus on creator empowerment and blockchain integration, K Wave delivers unique customer experiences to a global audience. The company is redefining the intersection of entertainment, technology, and finance by building an ecosystem that supports decentralized ownership, real-time creator monetization, and crypto-native engagement.
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company's ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Media Contact
Red Rooster PR
Evan Sneider
esneider@redroosterpr.com
SOURCE: K Wave Media
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.
Choi, Pyeungho, Chairman of the Board of KWM, commented:
“K Wave Media’s bold adoption of Bitcoin as a treasury reserve asset is a visionary move that signals the growing convergence between digital media and decentralized finance. We are proud to support K Wave’s mission to lead Web3 integration in the content space and believe this strategy will create strong, long-term value for its shareholders.”
Ted Kim, Co-Interim CEO of K Wave Media, added:
“At K Wave, we are reimagining the future of media — and that includes our financial foundation. Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation. This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce Korea’s best content and help position KWM in the K POP’s entire ecosystem by allowing it to expand to concert management and music distribution, among others.
About K Wave Media
Founded in 2023 and headquartered in the Cayman Islands, K Wave Media Ltd is a diversified entertainment company with operating companies in Korea producing high-quality K-content, K-pop merchandising, and K-entertainment investments. With a strong focus on creator empowerment and blockchain integration, K Wave delivers unique customer experiences to a global audience. The company is redefining the intersection of entertainment, technology, and finance by building an ecosystem that supports decentralized ownership, real-time creator monetization, and crypto-native engagement.
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company's ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Media Contact
Red Rooster PR
Evan Sneider
esneider@redroosterpr.com
SOURCE: K Wave Media
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.
Wednesday, 4 June 2025
SOLIDUS LABS WARNS OF RISING ACCOUNT TAKEOVERS IMPACTING MARKET INTEGRITY
KUALA LUMPUR, June 4 (Bernama) -- More than 6,300 accounts were hijacked across nine brokerage firms that enabled unauthorised trades totalling over 300 billion Japanese yen (approximately US$2 billion) in Japan between January and April this year, according to a new investigative report by Solidus Labs. (US$1=RM4.23)
Similar patterns are now emerging in the United States (US), Hong Kong, Singapore, and other major markets, where watchdogs including the US Financial Industry Regulatory Authority (FINRA), Hong Kong’s Securities and Futures Commission (SFC), and the Monetary Authority of Singapore (MAS) have issued guidance and briefings highlighting Account Takeovers (ATOs) as a critical threat vector, urging firms to enhance detection capabilities.
“We are seeing attackers use phishing, deepfakes, and adversary-in-the-middle techniques not just to defraud accounts, but to move markets.
“Combatting this threat requires a holistic, intelligence-led approach that unifies cybersecurity, compliance, and trade surveillance within a single, risk-based framework,” said Solidus Labs Vice President of Client Solutions and Head of Investigations, Spyridon Antonopoulos in a statement.
The report titled “Account Takeover Meets Market Abuse: The Rise of Cyber-Enabled Financial Crime” details how compromised retail accounts are being hijacked and weaponised for market manipulation, bypassing siloed cybersecurity, fraud, and legacy surveillance systems in the process.
It demonstrates how legacy compliance, fraud monitoring, and trade surveillance systems, each siloed in narrow risk categories, lack the integrated approach necessary to detect ATO-driven manipulation in time to take effective action.
To stay ahead, financial institutions must adopt a surveillance architecture that enables consistent oversight across jurisdictions, markets, and client types; detects anomalous login behaviour and session hijacks; and correlates suspicious trade activity across potentially compromised accounts.
Solidus Labs’ HALO platform provides a unified view of risk by integrating multi-dimensional signals that are traditionally siloed across surveillance, cybersecurity, and fraud teams, such as transactional behaviour, cybersecurity telemetry, and real-time order book dynamics.
This intelligence is processed via a risk-based, agentic artificial intelligence architecture purpose-built to detect cyber-enabled financial crime and market manipulation. Powered by bespoke detection algorithms, HALO reduces alert fatigue, accelerates investigations, and helps safeguard brokers’ reputations and bottom lines.
-- BERNAMA
Similar patterns are now emerging in the United States (US), Hong Kong, Singapore, and other major markets, where watchdogs including the US Financial Industry Regulatory Authority (FINRA), Hong Kong’s Securities and Futures Commission (SFC), and the Monetary Authority of Singapore (MAS) have issued guidance and briefings highlighting Account Takeovers (ATOs) as a critical threat vector, urging firms to enhance detection capabilities.
“We are seeing attackers use phishing, deepfakes, and adversary-in-the-middle techniques not just to defraud accounts, but to move markets.
“Combatting this threat requires a holistic, intelligence-led approach that unifies cybersecurity, compliance, and trade surveillance within a single, risk-based framework,” said Solidus Labs Vice President of Client Solutions and Head of Investigations, Spyridon Antonopoulos in a statement.
The report titled “Account Takeover Meets Market Abuse: The Rise of Cyber-Enabled Financial Crime” details how compromised retail accounts are being hijacked and weaponised for market manipulation, bypassing siloed cybersecurity, fraud, and legacy surveillance systems in the process.
It demonstrates how legacy compliance, fraud monitoring, and trade surveillance systems, each siloed in narrow risk categories, lack the integrated approach necessary to detect ATO-driven manipulation in time to take effective action.
To stay ahead, financial institutions must adopt a surveillance architecture that enables consistent oversight across jurisdictions, markets, and client types; detects anomalous login behaviour and session hijacks; and correlates suspicious trade activity across potentially compromised accounts.
Solidus Labs’ HALO platform provides a unified view of risk by integrating multi-dimensional signals that are traditionally siloed across surveillance, cybersecurity, and fraud teams, such as transactional behaviour, cybersecurity telemetry, and real-time order book dynamics.
This intelligence is processed via a risk-based, agentic artificial intelligence architecture purpose-built to detect cyber-enabled financial crime and market manipulation. Powered by bespoke detection algorithms, HALO reduces alert fatigue, accelerates investigations, and helps safeguard brokers’ reputations and bottom lines.
-- BERNAMA
Mavenir Partners Three UK, Red Hat To Double 5G Speeds In Open RAN Trial
KUALA LUMPUR, June 3 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has collaborated with Three UK and Red Hat in demonstrating the performance benefits of 5G non-standalone O-RAN compliant small cells in Glasgow City Centre, doubling 5G speeds at peak times.
“This network densification project proves that the Open RAN layer built by Mavenir can efficiently and effectively meet the needs of Three UK and its customers in one of the busiest cities in the UK.
“Our solution has delivered twice the improvement in 5G speeds, a measurable uplift in capacity, and the handover of customer traffic has been outstanding,” said Mavenir Senior Vice President, Cloud and AI, Brandon Larson.
This milestone United Kingdom (UK)-first trial of Open RAN in a dense urban environment also marks the first live deployment of O-RAN compliant small cells working alongside legacy macro cells from traditional vendors in this environment, driving a significant reduction in traffic congestion by delivering high-quality coverage and additional capacity.
During the initial phase of the trial, both 4G and 5G speeds doubled during the busiest times of the day, with Three UK’s 5G speeds reaching an impressive 520 megabits per second (Mbps) across the trial area, while the capacity boost also cascaded into further performance and user experience improvements in surrounding sites.
Following the successful trial of 18 live sites in Glasgow City Centre, the project will now move into its final deployment phase, bringing the total number of Open RAN small cell sites to 34, according to Mavenir in a statement.
Mavenir’s roll-out of a small cell densification layer for Three UK is being delivered as part of the Small Cells O-RAN in Dense Areas (SCONDA) project, a key connectivity initiative backed by the UK government’s Department for Science, Innovation and Technology (DSIT).
The project represents a significant step forward for Open RAN in the UK by trialling – for the first time – the integration of a full decentralised Open RAN architecture with existing traditional infrastructure into a high-traffic, high-footfall city setting.
With this latest deployment, Mavenir and Red Hat are continuing to offer carrier-grade telco cloud solutions to mobile network operators, leveraging a decade of well-established collaboration. Mavenir RAN workloads on Red Hat OpenShift offer an attractive value proposition for the mobile network operators.
-- BERNAMA
Tuesday, 3 June 2025
WorkJam Brings Next-Gen AI to the Frontline Workforce with Google Cloud
SINGAPORE, June 3 (Bernama-BUSINESS WIRE) -- WorkJam, the world’s leading digital frontline workplace, today announced an expansion of its strategic collaboration with Google Cloud to deliver enterprise-ready AI solutions built specifically for frontline teams. WorkJam already offers AI Agent, powered by Google’s Gemini models and cloud infrastructure, which is revolutionising how frontline organizations operate—bringing intelligent automation, productivity, and engagement to a new level and this feature will be the first of an innovative road map that will be AI-driven.
Built on Google Cloud’s Industry-Leading AI Infrastructure
WorkJam’s AI roadmap is engineered on Google Cloud, providing unmatched scalability, performance, and global reliability. With built-in enterprise-grade security and compliance, it is ready to meet the demands of complex industries such as retail, healthcare, logistics, and manufacturing.
Powered by Google’s Gemini Models: Multimodal Intelligence for Real-World Impact
Leveraging Google’s Gemini models, WorkJam delivers intelligent and conversational AI that understands text, voice, and visual inputs—creating more natural, intuitive user experiences for frontline employees. From task automation and knowledge retrieval to in-the-moment support, WorkJam’s AI Agent supercharges productivity and reduces friction in everyday operations.
An AI Vision for the Future of Frontline Work
WorkJam’s vision is to continue to transform the frontline experience by integrating Google’s Gemini models to deliver real-time intelligence, automation, and intuitive support directly into daily workflows. By combining voice, text, and visual understanding, WorkJam empowers frontline employees with instant access to knowledge, adaptive training, and seamless task execution—regardless of language or role. This reduces friction, streamlines operations, and unburdens managers to focus on high-value work. AI will enable intelligent labour utilization, and ensure the right people are deployed at the right time, maximizing productivity, engagement, and customer impact for every customer.
A Collaboration Driving Innovation
This collaboration enables WorkJam to co-innovate alongside Google Cloud, gaining early access to AI advancements and accelerating delivery of cutting-edge capabilities to global customers.
"By integrating the powerful reasoning capabilities of Google’s Gemini models into the WorkJam platform, we’re redefining labour utilization for frontline teams across the APAC region. This isn’t just about smarter scheduling—it’s about giving managers and employees real-time support to make better decisions, balance workloads, and drive productivity. With Gemini models, WorkJam ensures the right people are in the right place at the right time, improving operational efficiency while creating a more engaging and productive work environment."
— Steven Kramer, CEO, WorkJam
About WorkJam
WorkJam was founded in 2014 to improve the lives of frontline workers. As the world’s leading digital frontline workplace, WorkJam combines communication, task management, scheduling tools, learning, and more – all on one app. It is the only complete and unified system designed to revolutionize the way HQs and their frontline work together, boosting efficiencies and productivity. Available in 50 languages with in–line translations, the app helps organizations bridge language barriers and create a more inclusive working environment for all. WorkJam introduces Total Workforce Orchestration®. To learn more, visit WorkJam.com or follow us on LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250602131067/en/
Contacts
Felicia Kane
fkane@bcg-pr.com
Source: WorkJam
--BERNAMA
Built on Google Cloud’s Industry-Leading AI Infrastructure
WorkJam’s AI roadmap is engineered on Google Cloud, providing unmatched scalability, performance, and global reliability. With built-in enterprise-grade security and compliance, it is ready to meet the demands of complex industries such as retail, healthcare, logistics, and manufacturing.
Powered by Google’s Gemini Models: Multimodal Intelligence for Real-World Impact
Leveraging Google’s Gemini models, WorkJam delivers intelligent and conversational AI that understands text, voice, and visual inputs—creating more natural, intuitive user experiences for frontline employees. From task automation and knowledge retrieval to in-the-moment support, WorkJam’s AI Agent supercharges productivity and reduces friction in everyday operations.
An AI Vision for the Future of Frontline Work
WorkJam’s vision is to continue to transform the frontline experience by integrating Google’s Gemini models to deliver real-time intelligence, automation, and intuitive support directly into daily workflows. By combining voice, text, and visual understanding, WorkJam empowers frontline employees with instant access to knowledge, adaptive training, and seamless task execution—regardless of language or role. This reduces friction, streamlines operations, and unburdens managers to focus on high-value work. AI will enable intelligent labour utilization, and ensure the right people are deployed at the right time, maximizing productivity, engagement, and customer impact for every customer.
A Collaboration Driving Innovation
This collaboration enables WorkJam to co-innovate alongside Google Cloud, gaining early access to AI advancements and accelerating delivery of cutting-edge capabilities to global customers.
"By integrating the powerful reasoning capabilities of Google’s Gemini models into the WorkJam platform, we’re redefining labour utilization for frontline teams across the APAC region. This isn’t just about smarter scheduling—it’s about giving managers and employees real-time support to make better decisions, balance workloads, and drive productivity. With Gemini models, WorkJam ensures the right people are in the right place at the right time, improving operational efficiency while creating a more engaging and productive work environment."
— Steven Kramer, CEO, WorkJam
About WorkJam
WorkJam was founded in 2014 to improve the lives of frontline workers. As the world’s leading digital frontline workplace, WorkJam combines communication, task management, scheduling tools, learning, and more – all on one app. It is the only complete and unified system designed to revolutionize the way HQs and their frontline work together, boosting efficiencies and productivity. Available in 50 languages with in–line translations, the app helps organizations bridge language barriers and create a more inclusive working environment for all. WorkJam introduces Total Workforce Orchestration®. To learn more, visit WorkJam.com or follow us on LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250602131067/en/
Contacts
Felicia Kane
fkane@bcg-pr.com
Source: WorkJam
--BERNAMA
FALCON LUXE SIMPLIFIES PRIVATE JET TRAVEL WITH BLOCK HOURS ACCESS
KUALA LUMPUR, June 3 (Bernama) -- Falcon Luxe, the private charter division of Falcon, part of Alex Group Investment, has announced the availability of block hours private jet flight access.
“Today, people want flying to be simple. Block hours are our way of making that happen. You do not have to think about availability, pricing, or paperwork every time. You just fly when you need to, and it works,” said Alex Group Investment Founder & Chairman, Sultan Rashit Abdulla Rashit Al Shene.
According to a statement, with its simple concept, clients pre-purchase a set number of flight hours and draw from them as needed, enjoying priority access to Falcon’s fleet.
Block hours are increasingly popular for individuals and organisations seeking a practical, reliable way to fly, as there is no need to request a quote for every flight or deal with repetitive booking procedures.
They are especially useful for companies arranging frequent flights, offering a smarter alternative with cost transparency and guaranteed availability.
In addition, the Falcon Luxe’s block hours bring simplicity and convenience, in which clients know what is included, when they can fly, and receive consistent support every time they travel.
A premier aviation service provider, Falcon Luxe continues to adapt its services to meet the evolving expectations of travellers, delivering flexible private jet travel solutions that simplify the way people fly.
-- BERNAMA
“Today, people want flying to be simple. Block hours are our way of making that happen. You do not have to think about availability, pricing, or paperwork every time. You just fly when you need to, and it works,” said Alex Group Investment Founder & Chairman, Sultan Rashit Abdulla Rashit Al Shene.
According to a statement, with its simple concept, clients pre-purchase a set number of flight hours and draw from them as needed, enjoying priority access to Falcon’s fleet.
Block hours are increasingly popular for individuals and organisations seeking a practical, reliable way to fly, as there is no need to request a quote for every flight or deal with repetitive booking procedures.
They are especially useful for companies arranging frequent flights, offering a smarter alternative with cost transparency and guaranteed availability.
In addition, the Falcon Luxe’s block hours bring simplicity and convenience, in which clients know what is included, when they can fly, and receive consistent support every time they travel.
A premier aviation service provider, Falcon Luxe continues to adapt its services to meet the evolving expectations of travellers, delivering flexible private jet travel solutions that simplify the way people fly.
-- BERNAMA
TUGU INSURANCE COMPANY DROPS AM BEST RATING PARTICIPATION
KUALA LUMPUR, June 3 (Bernama) -- Global credit rating agency, AM Best has withdrawn the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Hong Kong’s Tugu Insurance Company Limited (TIC).
At the time of the withdrawal, the outlook of these credit ratings (ratings) is stable, and the rating withdrawals follow TIC's request due to its strategic decision to discontinue its participation in AM Best's interactive rating process.
In a statement, AM Best said its procedure is for a final rating opinion to be produced in conjunction with a rating withdrawal.
However, in this case, a final rating opinion could not be provided due to a lack of sufficient updated financial information and business plans necessary to support such an assessment.
Headquartered in the United States, AM Best does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
-- BERNAMA
At the time of the withdrawal, the outlook of these credit ratings (ratings) is stable, and the rating withdrawals follow TIC's request due to its strategic decision to discontinue its participation in AM Best's interactive rating process.
In a statement, AM Best said its procedure is for a final rating opinion to be produced in conjunction with a rating withdrawal.
However, in this case, a final rating opinion could not be provided due to a lack of sufficient updated financial information and business plans necessary to support such an assessment.
Headquartered in the United States, AM Best does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
-- BERNAMA
MITSUBISHI ELECTRIC DONATES 7.4 MLN JAPANESE YEN FOR MYANMAR QUAKE RELIEF
KUALA LUMPUR, June 3 (Bernama) -- Mitsubishi Electric Corporation has donated a total of 7.4 million Japanese yen to support relief efforts for victims of the earthquake that struck Myanmar on March 28 through its in-house matching-gift initiative, the Mitsubishi Electric SOCIO-ROOTS Fund. (100 Japanese yen = RM2.95)
In a statement, the company said donations were collected from employees across Mitsubishi Electric Group offices, amounting to 3.7 million Japanese yen, which was then matched by the company.
The full amount was donated on May 30 to Save the Children Japan's disaster response programme in Myanmar.
The latest contribution follows a separate 10 million Japanese yen corporate donation announced by the company on April 7.
The Mitsubishi Electric Group extends its deepest sympathies to those affected by the disaster and expresses its sincere hopes for a swift recovery.
Established in 1992, the SOCIO-ROOTS Fund allows Mitsubishi Electric employees in Japan — and occasionally worldwide — to support welfare-related facilities and programmes, as the fund is part of the group’s commitment to social responsibility and community support.
-- BERNAMA
Friday, 30 May 2025
SEON Accelerates APAC Growth Amid Rising Demand for Unified Fraud and AML Solutions
SEON to showcase latest fraud prevention and AML innovations at SiGMA Asia
AUSTIN, Texas and SINGAPORE, May 29 (Bernama-GLOBE NEWSWIRE) -- SEON, a global leader in digital fraud prevention and compliance, today announced rapid growth across the Asia-Pacific region, driven by increasing demand for its unified, real-time fraud and AML solutions.
New APAC clients such as Salmon Group Ltd, CryptoGaming.com and Forever Network have adopted SEON’s Know Your User (KYU) and Know Your Customer (KYC) capabilities to navigate escalating fraud risks across the region’s complex digital landscape.
To support this momentum, SEON has expanded its team with technical, sales and support specialists in Singapore and Jakarta, providing clients with localized expertise and faster response times.
“APAC presents both extraordinary opportunity and operational complexity,” said Tamas Kadar, Co-founder and CEO, SEON. “The mix of advanced digital economies and rapidly growing markets creates a fragmented risk environment, and legacy point solutions can’t keep pace. Our unified platform delivers real-time visibility and protection across the entire customer journey.”
As digital threats and regulatory requirements grow throughout the region, businesses face mounting pressure to verify identities, manage payment risk and maintain compliance, without compromising user experience. SEON addresses these challenges with an AI-driven platform that combines digital footprint analysis, device intelligence and real-time analytics to detect and prevent fraud proactively.
"SEON has quickly become one of the most effective and user-friendly fraud detection tools we’ve used to date. Its ability to provide real-time insights, coupled with detailed device tracking and risk scoring, has greatly improved how we identify and respond to suspicious activity,” said Pauline Liu, Compliance Officer, TitanFX. “The platform is user-friendly, making it easy for both new and experienced team members to navigate and act swiftly. SEON has already proven to be a smart and dependable solution for our fraud monitoring needs."
"Our regional clients are increasingly prioritizing fraud prevention platforms that can handle APAC's payment complexity and varied identity verification methods," said Troy Nyi Nyi, Senior Vice President and GM, SEON. "The iGaming, fintech and retail sectors in particular are seeking solutions that can operate across multiple jurisdictions without requiring separate tools for each market, which is why they’re turning to SEON.”
SEON will showcase its latest innovations at SiGMA Asia, taking place June 2-4 in Manila (Booth 1082). During the event, Troy Nyi Nyi, Senior Vice President and GM, SEON, will speak on "Beyond Defense: Leveraging Fraud Prevention as a Competitive Edge," sharing practical insights for iGaming and fintech leaders.
About SEON
SEON helps risk teams detect and stop fraud and money laundering while ensuring regulatory compliance. By combining real-time digital footprint analysis, device intelligence and AI-driven rules, SEON empowers over 5,000 businesses globally to prevent threats before they occur. With integrated fraud prevention and AML capabilities, SEON operates from Austin, London, Budapest and Singapore. Learn more at seon.io.
Media
Press@seon.i
SOURCE: SEON
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
AUSTIN, Texas and SINGAPORE, May 29 (Bernama-GLOBE NEWSWIRE) -- SEON, a global leader in digital fraud prevention and compliance, today announced rapid growth across the Asia-Pacific region, driven by increasing demand for its unified, real-time fraud and AML solutions.
New APAC clients such as Salmon Group Ltd, CryptoGaming.com and Forever Network have adopted SEON’s Know Your User (KYU) and Know Your Customer (KYC) capabilities to navigate escalating fraud risks across the region’s complex digital landscape.
To support this momentum, SEON has expanded its team with technical, sales and support specialists in Singapore and Jakarta, providing clients with localized expertise and faster response times.
“APAC presents both extraordinary opportunity and operational complexity,” said Tamas Kadar, Co-founder and CEO, SEON. “The mix of advanced digital economies and rapidly growing markets creates a fragmented risk environment, and legacy point solutions can’t keep pace. Our unified platform delivers real-time visibility and protection across the entire customer journey.”
As digital threats and regulatory requirements grow throughout the region, businesses face mounting pressure to verify identities, manage payment risk and maintain compliance, without compromising user experience. SEON addresses these challenges with an AI-driven platform that combines digital footprint analysis, device intelligence and real-time analytics to detect and prevent fraud proactively.
"SEON has quickly become one of the most effective and user-friendly fraud detection tools we’ve used to date. Its ability to provide real-time insights, coupled with detailed device tracking and risk scoring, has greatly improved how we identify and respond to suspicious activity,” said Pauline Liu, Compliance Officer, TitanFX. “The platform is user-friendly, making it easy for both new and experienced team members to navigate and act swiftly. SEON has already proven to be a smart and dependable solution for our fraud monitoring needs."
"Our regional clients are increasingly prioritizing fraud prevention platforms that can handle APAC's payment complexity and varied identity verification methods," said Troy Nyi Nyi, Senior Vice President and GM, SEON. "The iGaming, fintech and retail sectors in particular are seeking solutions that can operate across multiple jurisdictions without requiring separate tools for each market, which is why they’re turning to SEON.”
SEON will showcase its latest innovations at SiGMA Asia, taking place June 2-4 in Manila (Booth 1082). During the event, Troy Nyi Nyi, Senior Vice President and GM, SEON, will speak on "Beyond Defense: Leveraging Fraud Prevention as a Competitive Edge," sharing practical insights for iGaming and fintech leaders.
About SEON
SEON helps risk teams detect and stop fraud and money laundering while ensuring regulatory compliance. By combining real-time digital footprint analysis, device intelligence and AI-driven rules, SEON empowers over 5,000 businesses globally to prevent threats before they occur. With integrated fraud prevention and AML capabilities, SEON operates from Austin, London, Budapest and Singapore. Learn more at seon.io.
Media
Press@seon.i
SOURCE: SEON
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, 21 May 2025
CT GROUP SHOWCASES ADVANCED TECH AT NATIONAL ASSEMBLY EXHIBITION
KUALA LUMPUR, May 20 (Bernama) -- CT Group was among a select group of private enterprises invited to participate in a special exhibition held at the National Assembly Building, Hanoi, aimed at implementing Vietnam’s Resolution No. 68-NQ/TW on private economic development.
In a statement, CT Group said unlike traditional trade fairs, this event served as a showcase for innovation and progress within the private sector.
Under the theme Resolution No. 68 – A New Driver for Vietnam’s Private Economic Development”, CT Group and its member companies highlighted pioneering technologies in advanced transportation, semiconductors, and carbon credit trading—positioning the group as a leading force in shaping Vietnam’s future innovation landscape.
The presence of General Secretary To Lam at CT Group's booth underscored the growing national focus on the private sector’s role in technological advancement and economic transformation.
At the centre of CT Group’s exhibit was an unmanned aerial vehicle (UAV) capable of carrying passengers.Developed by CT UAV, the aircraft features a 190 kilometres per hour (km/h) top speed, two-hour flight endurance, and 350 km range. With a full-sized prototype set to debut in October 2025, the innovation signals a transformative vision for urban mobility.
CT Semiconductor also made headlines with its semiconductor manufacturing facility in Binh Duong, currently in its second phase of development. As the first domestically owned ATP chip plant in Vietnam, it aims to produce 100 million chips annually by 2027.
Scheduled to begin operations in the fourth quarter of this year, the project dedicates over 10 per cent of its budget to research and development, targeting future technologies like artificial intelligence, 6G, and autonomous systems.
Further reinforcing its role in green transformation, CT Group’s CCTPA initiative is building a full-service ASEAN Carbon Credit Trading Platform (CCTPA). The ecosystem includes UAV-based emission monitoring (CarbonFly), automation tools like Sustain.Life for emissions reporting, and environmental, social and governance (ESG) consulting—supporting Vietnamese businesses in accessing global carbon markets and meeting sustainability benchmarks.
CT Group’s strategic focus on nine core Industry 4.0 technologies reflects a broader transformation from a diversified business group into a future-ready innovation hub. By concentrating on high-impact sectors such as transportation, semiconductors, and carbon trading, the group is actively contributing to the goals of Resolution No. 68—enhancing productivity, innovation, and integration into the global economy.
With over three decades of development, CT Group is redefining the role of private enterprise in Vietnam’s economic structure—moving from growth to leadership through technology mastery and sustainable development.
-- BERNAMA
In a statement, CT Group said unlike traditional trade fairs, this event served as a showcase for innovation and progress within the private sector.
Under the theme Resolution No. 68 – A New Driver for Vietnam’s Private Economic Development”, CT Group and its member companies highlighted pioneering technologies in advanced transportation, semiconductors, and carbon credit trading—positioning the group as a leading force in shaping Vietnam’s future innovation landscape.
The presence of General Secretary To Lam at CT Group's booth underscored the growing national focus on the private sector’s role in technological advancement and economic transformation.
At the centre of CT Group’s exhibit was an unmanned aerial vehicle (UAV) capable of carrying passengers.Developed by CT UAV, the aircraft features a 190 kilometres per hour (km/h) top speed, two-hour flight endurance, and 350 km range. With a full-sized prototype set to debut in October 2025, the innovation signals a transformative vision for urban mobility.
CT Semiconductor also made headlines with its semiconductor manufacturing facility in Binh Duong, currently in its second phase of development. As the first domestically owned ATP chip plant in Vietnam, it aims to produce 100 million chips annually by 2027.
Scheduled to begin operations in the fourth quarter of this year, the project dedicates over 10 per cent of its budget to research and development, targeting future technologies like artificial intelligence, 6G, and autonomous systems.
Further reinforcing its role in green transformation, CT Group’s CCTPA initiative is building a full-service ASEAN Carbon Credit Trading Platform (CCTPA). The ecosystem includes UAV-based emission monitoring (CarbonFly), automation tools like Sustain.Life for emissions reporting, and environmental, social and governance (ESG) consulting—supporting Vietnamese businesses in accessing global carbon markets and meeting sustainability benchmarks.
CT Group’s strategic focus on nine core Industry 4.0 technologies reflects a broader transformation from a diversified business group into a future-ready innovation hub. By concentrating on high-impact sectors such as transportation, semiconductors, and carbon trading, the group is actively contributing to the goals of Resolution No. 68—enhancing productivity, innovation, and integration into the global economy.
With over three decades of development, CT Group is redefining the role of private enterprise in Vietnam’s economic structure—moving from growth to leadership through technology mastery and sustainable development.
-- BERNAMA
IMM INVESTMENT SECURES HAMILTON LANE BACKING IN LANDMARK ASIA SECONDARY DEAL
KUALA LUMPUR, May 20 (Bernama) -- IMM Investment, a prominent Korean asset manager, and Hamilton Lane, a global private markets firm, announced the completion of a strategic secondary transaction involving the IMM Infra 8th Private Equity Fund.
The deal, finalised on March 31, 2025, marks Hamilton Lane’s investment through the purchase of existing limited partner interests, and represents the first infrastructure-focused secondary deal in Asia for IMM Investment, according to a statement.
“This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market.
“We are excited to welcome Hamilton Lane as an investor. Their global perspective and deep secondaries expertise will enhance our ability to manage and scale high-quality assets while continuing to deliver value to both existing and new investors,” said IMM Investment Singapore chief executive officer, Jin Heum Paek.
Meanwhile, Hamilton Lane Head of Infrastructure and Real Assets, Brent Burnett highlighted the growing opportunities in the infrastructure secondaries market, driven by the global expansion of assets under management.
He emphasised that the investment in the IMM fund aligns with Hamilton Lane’s focus on sourcing distinctive, high-quality opportunities across the infrastructure space.
The IMM Infra 8th Private Equity Fund is a core-plus and value-added infrastructure vehicle, offering exposure to a diverse portfolio across Korea’s energy, mobility, digital, and social infrastructure sectors.
This investment highlights the increasing appeal of Korean infrastructure to global institutional investors and underscores IMM Investment’s ability to attract international capital through specialised, high-performing platforms.
Through this partnership, IMM Investment will continue managing the fund with a hands-on, value-creation approach, while Hamilton Lane contributes cross-border reach, institutional due diligence, and governance alignment. The collaboration also reinforces IMM Investment’s transformation from a Korea-centric manager into a regional player with global reach.
Established in 2023, IMM Investment Singapore serves as the firm's international gateway for fundraising and strategic alliances, helping bridge Korean infrastructure opportunities with overseas capital.
-- BERNAMA
The deal, finalised on March 31, 2025, marks Hamilton Lane’s investment through the purchase of existing limited partner interests, and represents the first infrastructure-focused secondary deal in Asia for IMM Investment, according to a statement.
“This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market.
“We are excited to welcome Hamilton Lane as an investor. Their global perspective and deep secondaries expertise will enhance our ability to manage and scale high-quality assets while continuing to deliver value to both existing and new investors,” said IMM Investment Singapore chief executive officer, Jin Heum Paek.
Meanwhile, Hamilton Lane Head of Infrastructure and Real Assets, Brent Burnett highlighted the growing opportunities in the infrastructure secondaries market, driven by the global expansion of assets under management.
He emphasised that the investment in the IMM fund aligns with Hamilton Lane’s focus on sourcing distinctive, high-quality opportunities across the infrastructure space.
The IMM Infra 8th Private Equity Fund is a core-plus and value-added infrastructure vehicle, offering exposure to a diverse portfolio across Korea’s energy, mobility, digital, and social infrastructure sectors.
This investment highlights the increasing appeal of Korean infrastructure to global institutional investors and underscores IMM Investment’s ability to attract international capital through specialised, high-performing platforms.
Through this partnership, IMM Investment will continue managing the fund with a hands-on, value-creation approach, while Hamilton Lane contributes cross-border reach, institutional due diligence, and governance alignment. The collaboration also reinforces IMM Investment’s transformation from a Korea-centric manager into a regional player with global reach.
Established in 2023, IMM Investment Singapore serves as the firm's international gateway for fundraising and strategic alliances, helping bridge Korean infrastructure opportunities with overseas capital.
-- BERNAMA
Tuesday, 20 May 2025
AM BEST AFFIRMS EXCELLENT RATINGS FOR CHINA’S PING AN P&C
KUALA LUMPUR, May 19 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.
The affirmation reflects Ping An P&C’s robust financial foundation, strong operational performance, favourable business profile and appropriate enterprise risk management, according to AM Best in a statement.
The company’s balance sheet is considered very strong, supported by the highest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio. Ping An P&C's consolidated capital and surplus (C&S) grew by nine per cent year-over-year to 136.7 billion Chinese yuan (US$18.7 billion) by the end of 2024. (US$1=RM4.28)
Its investment strategy remains conservative, with a focus on fixed-income assets, while its financial flexibility is bolstered by a consistent ability to issue capital supplementary bonds domestically.
Operationally, Ping An P&C has sustained strong returns, with a return on equity (ROE) of 11.5 per cent in 2024, recovering from underperformance in 2022 and 2023. The insurer reported a net profit after tax of 15.0 billion Chinese yuan.
Its motor insurance line continues to be a key revenue driver, accounting for about 70 per cent of total premiums over the past five years.
Despite the rise in new-energy vehicle (NEV) policies, the company has maintained stable underwriting margins thanks to advanced pricing models and operational efficiency. Losses in credit and guarantee lines in previous years were labelled as one-off events, and the company has since exited that segment.
Ping An P&C holds a strong market position, being the second-largest property/casualty insurer in China since 2009, with around a 20 per cent market share. In 2024, the company’s insurance service revenue hit 328.1 billion Chinese yuan, and its broad distribution network and technological investments have contributed to enhanced risk management and operational performance.
AM Best notes that Ping An P&C is well-positioned at its current ratings level. A potential upgrade could be on the horizon if the company expands its global footprint while maintaining its financial strength. Conversely, a downgrade could result from a prolonged decline in underwriting results or a weakening of its capital base due to elevated risk exposures.
-- BERNAMA
The affirmation reflects Ping An P&C’s robust financial foundation, strong operational performance, favourable business profile and appropriate enterprise risk management, according to AM Best in a statement.
The company’s balance sheet is considered very strong, supported by the highest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio. Ping An P&C's consolidated capital and surplus (C&S) grew by nine per cent year-over-year to 136.7 billion Chinese yuan (US$18.7 billion) by the end of 2024. (US$1=RM4.28)
Its investment strategy remains conservative, with a focus on fixed-income assets, while its financial flexibility is bolstered by a consistent ability to issue capital supplementary bonds domestically.
Operationally, Ping An P&C has sustained strong returns, with a return on equity (ROE) of 11.5 per cent in 2024, recovering from underperformance in 2022 and 2023. The insurer reported a net profit after tax of 15.0 billion Chinese yuan.
Its motor insurance line continues to be a key revenue driver, accounting for about 70 per cent of total premiums over the past five years.
Despite the rise in new-energy vehicle (NEV) policies, the company has maintained stable underwriting margins thanks to advanced pricing models and operational efficiency. Losses in credit and guarantee lines in previous years were labelled as one-off events, and the company has since exited that segment.
Ping An P&C holds a strong market position, being the second-largest property/casualty insurer in China since 2009, with around a 20 per cent market share. In 2024, the company’s insurance service revenue hit 328.1 billion Chinese yuan, and its broad distribution network and technological investments have contributed to enhanced risk management and operational performance.
AM Best notes that Ping An P&C is well-positioned at its current ratings level. A potential upgrade could be on the horizon if the company expands its global footprint while maintaining its financial strength. Conversely, a downgrade could result from a prolonged decline in underwriting results or a weakening of its capital base due to elevated risk exposures.
-- BERNAMA
Monday, 19 May 2025
Bitget Gains Market Share in April 2025 Monthly Report Highlights
VICTORIA, Seychelles, May 19 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, released its April 2025 Transparency Report, highlighting a month of growth, regulatory milestones, and continued momentum despite broader market uncertainties through consistent innovation and strong execution.
In a month marked by market correction and investor caution, Bitget recorded a futures trading volume of $757.6 billion, representing 17.3% growth month-on-month. Spot trading volume also rose to $68.6 billion, defying the broader industry downturn. These gains contributed to Bitget’s rise as the 3rd largest crypto exchange by trading volume, with a market share of 7.2%, reflecting strong performance and continued momentum in a competitive market environment. According to Coingecko and WuBlockchain, Bitget defied broader exchange trends, gaining market share while others contracted. Bitget also surpassed 120 million users, signaling strong platform engagement and trust in its products and services.
In April, Bitget made a major regulatory leap by securing both DASP and BSP licenses in El Salvador, allowing it to offer full crypto services—spot, derivatives, staking, and yield—under one of the world’s most forward-thinking digital asset frameworks.
The month also marked the launch of Bitget Onchain, a feature that lets users trade on-chain assets directly through the Bitget app using USDT or USDC. This bridges the gap between centralized UX and decentralized access, making Web3 more approachable.
To support institutional growth, Bitget upgraded its Liquidity Incentive Program with better maker-taker rates and faster onboarding, boosting liquidity across spot and derivatives markets.
On the marketing front, Bitget teamed up with FC Barcelona star Raphinha in a global campaign spotlighting smart trading tools like Copy Trading, Launchpool, and Pre-market. This was paired with the “Your Team, Your Skin” initiative with LALIGA, letting users personalize their trading interface with team branding.
Bitget Research Employment Report estimates blockchain could create 500,000 jobs by 2028, echoing the growth path of the AI sector and highlighting blockchain’s expanding impact.
Finally, Bitget reinforced its global presence with immersive activations at TOKEN2049 Dubai and Paris Blockchain Week, including side events like Cryptoverse Dream Night, underscoring its commitment to community and innovation.
Between regulatory wins, rapid user growth, and focus on accessibility and security, Bitget leads as one of the top players in the crypto industry's evolution. As market sentiment begins to shift, Bitget is geared up to lead the next phase of crypto adoption and WEB3 integration.
For the full transparency report, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5bf1a171-5c5d-4536-b7ba-529f3be725b6
SOURCE : Bitget Limited
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.
In a month marked by market correction and investor caution, Bitget recorded a futures trading volume of $757.6 billion, representing 17.3% growth month-on-month. Spot trading volume also rose to $68.6 billion, defying the broader industry downturn. These gains contributed to Bitget’s rise as the 3rd largest crypto exchange by trading volume, with a market share of 7.2%, reflecting strong performance and continued momentum in a competitive market environment. According to Coingecko and WuBlockchain, Bitget defied broader exchange trends, gaining market share while others contracted. Bitget also surpassed 120 million users, signaling strong platform engagement and trust in its products and services.
In April, Bitget made a major regulatory leap by securing both DASP and BSP licenses in El Salvador, allowing it to offer full crypto services—spot, derivatives, staking, and yield—under one of the world’s most forward-thinking digital asset frameworks.
The month also marked the launch of Bitget Onchain, a feature that lets users trade on-chain assets directly through the Bitget app using USDT or USDC. This bridges the gap between centralized UX and decentralized access, making Web3 more approachable.
To support institutional growth, Bitget upgraded its Liquidity Incentive Program with better maker-taker rates and faster onboarding, boosting liquidity across spot and derivatives markets.
On the marketing front, Bitget teamed up with FC Barcelona star Raphinha in a global campaign spotlighting smart trading tools like Copy Trading, Launchpool, and Pre-market. This was paired with the “Your Team, Your Skin” initiative with LALIGA, letting users personalize their trading interface with team branding.
Bitget Research Employment Report estimates blockchain could create 500,000 jobs by 2028, echoing the growth path of the AI sector and highlighting blockchain’s expanding impact.
Finally, Bitget reinforced its global presence with immersive activations at TOKEN2049 Dubai and Paris Blockchain Week, including side events like Cryptoverse Dream Night, underscoring its commitment to community and innovation.
Between regulatory wins, rapid user growth, and focus on accessibility and security, Bitget leads as one of the top players in the crypto industry's evolution. As market sentiment begins to shift, Bitget is geared up to lead the next phase of crypto adoption and WEB3 integration.
For the full transparency report, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5bf1a171-5c5d-4536-b7ba-529f3be725b6
SOURCE : Bitget Limited
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.
Friday, 16 May 2025
D’ALBA GLOWS GLOBAL WITH STAR-STUDDED LAKE COMO EVENT
KUALA LUMPUR, May 16 (Bernama) -- South Korean premium vegan beauty brand d’Alba recently hosted its global event, the ‘d’Alba Trip’, in Lake Como, Italy, bringing together over 80 international guests to celebrate the brand’s heritage and clean beauty philosophy.
The two-day event featured exclusive activities that highlighted d’Alba’s commitment to sustainable and innovative skincare, including celebrities, influencers and media representatives.
In a statement, a spokesperson from d’Alba said the event served as both a celebration of the brand’s roots and a platform to share its forward-looking vision.
“We are proud to lead the beauty industry with innovation, integrity, and global unity,” said the spokesperson.
Among the notable attendees were global figures such as South Korean singer Jeon Somi, Russian model Irina Shayk, Japanese actress Ayaka Miyoshi, and Indonesian actress Nikita Willy.
On the first day, guests participated in an immersive beauty class led by renowned South Korean makeup artist and global beauty creator Ri Sa Bae. The session introduced two of d’Alba’s newly launched products – the Vita Toning Line and Green Tone-Up Sunscreen – both of which received positive responses from the attendees.
Following the product showcase, guests enjoyed a private yacht experience across Lake Como, culminating in a scenic sunset cruise.
The second day concluded with a glamorous gala dinner and fireworks show, celebrating the brand’s global presence and fostering closer ties with its partners and supporters.
Known for its premium vegan formulations and focus on clean beauty, d’Alba continues to strengthen its global footprint in the luxury skincare market.
-- BERNAMA
The two-day event featured exclusive activities that highlighted d’Alba’s commitment to sustainable and innovative skincare, including celebrities, influencers and media representatives.
In a statement, a spokesperson from d’Alba said the event served as both a celebration of the brand’s roots and a platform to share its forward-looking vision.
“We are proud to lead the beauty industry with innovation, integrity, and global unity,” said the spokesperson.
Among the notable attendees were global figures such as South Korean singer Jeon Somi, Russian model Irina Shayk, Japanese actress Ayaka Miyoshi, and Indonesian actress Nikita Willy.
On the first day, guests participated in an immersive beauty class led by renowned South Korean makeup artist and global beauty creator Ri Sa Bae. The session introduced two of d’Alba’s newly launched products – the Vita Toning Line and Green Tone-Up Sunscreen – both of which received positive responses from the attendees.
Following the product showcase, guests enjoyed a private yacht experience across Lake Como, culminating in a scenic sunset cruise.
The second day concluded with a glamorous gala dinner and fireworks show, celebrating the brand’s global presence and fostering closer ties with its partners and supporters.
Known for its premium vegan formulations and focus on clean beauty, d’Alba continues to strengthen its global footprint in the luxury skincare market.
-- BERNAMA
PINNACLE LIFE RECEIVES POSITIVE CREDIT RATINGS FROM AM BEST
KUALA LUMPUR, May 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of New Zealand’s Pinnacle Life Limited (Pinnacle Life).
The stable outlook of these credit ratings (ratings) reflects Pinnacle Life’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best in a statement said the ratings also factored in a neutral impact from the company’s ultimate parent, Greenstone Holdco Pty Limited (Greenstone).
Pinnacle Life’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level at fiscal year-end 2024, as measured by Best’s Capital Adequacy Ratio, and is expected to remain at that level over the medium term.
The company’s balance sheet strength assessment also reflects its appropriate regulatory solvency and good financial flexibility, supported by Greenstone.
Additionally, the balance sheet strength assessment has factored in Pinnacle Life’s high reliance on third-party reinsurance and small capital base, which increase the sensitivity of its capital adequacy to outsized new business growth, changes in the interest rate environment, and shock events.
With operating performance assessed as adequate, Pinnacle Life’s operating results have been driven by the adequate underwriting performance of its in-force life business and healthy investment returns.
Meanwhile, its business profile was assessed as limited, largely reflecting the company’s small scale of operations and its low product and geographic diversification in New Zealand, as key product offerings are focused on mortality products.
While AM Best considers Pinnacle Life’s risk management capabilities as appropriate for its key risks, ongoing development is expected as the company expands its scope of operations.
-- BERNAMA
The stable outlook of these credit ratings (ratings) reflects Pinnacle Life’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best in a statement said the ratings also factored in a neutral impact from the company’s ultimate parent, Greenstone Holdco Pty Limited (Greenstone).
Pinnacle Life’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level at fiscal year-end 2024, as measured by Best’s Capital Adequacy Ratio, and is expected to remain at that level over the medium term.
The company’s balance sheet strength assessment also reflects its appropriate regulatory solvency and good financial flexibility, supported by Greenstone.
Additionally, the balance sheet strength assessment has factored in Pinnacle Life’s high reliance on third-party reinsurance and small capital base, which increase the sensitivity of its capital adequacy to outsized new business growth, changes in the interest rate environment, and shock events.
With operating performance assessed as adequate, Pinnacle Life’s operating results have been driven by the adequate underwriting performance of its in-force life business and healthy investment returns.
Meanwhile, its business profile was assessed as limited, largely reflecting the company’s small scale of operations and its low product and geographic diversification in New Zealand, as key product offerings are focused on mortality products.
While AM Best considers Pinnacle Life’s risk management capabilities as appropriate for its key risks, ongoing development is expected as the company expands its scope of operations.
-- BERNAMA
MCI DEBUTS TRACK PLATFORM IN QATAR, MARKING MIDDLE EAST ENTRY
KUALA LUMPUR, May 16 (Bernama) -- Management Controls Inc (MCi), the leader in contractor data and cost management, has expanded its global presence with the launch of its Track Platform in Qatar.
“This deployment reinforces our commitment to serving industrial leaders across the globe. We are enabling our customers to reduce risk, eliminate waste, and ensure accountability—no matter where they operate.
“By anchoring our platform with such a key site in the Middle East, we have gained a crucial foothold in a region where we expect to expand considerably over the coming years,” said MCi President, Ken Naughton in a statement.
First in the Middle East, this milestone marks the 55th international site to implement MCi’s solutions for real-time contractor visibility, compliance, and cost control, which have a presence spanning major industrial operations in North America, Europe, Asia-Pacific, and Africa.
The implementation took place at one of the largest gas-to-liquids (GTL) facilities, a complex industrial operation run by a global energy leader, reinforcing Track’s ability to scale across the most demanding environments.
Expansion into Qatar reflects MCi’s continued international growth and worldwide demand for enterprise-grade solutions that bring transparency and control to complex contractor operations.
With the Track Platform now live, site leadership in Qatar will benefit from improved labour, equipment, and material cost control; automated contract enforcement; real-time data visibility; and seamless integration with existing enterprise resource planning (ERP) systems.
-- BERNAMA
“This deployment reinforces our commitment to serving industrial leaders across the globe. We are enabling our customers to reduce risk, eliminate waste, and ensure accountability—no matter where they operate.
“By anchoring our platform with such a key site in the Middle East, we have gained a crucial foothold in a region where we expect to expand considerably over the coming years,” said MCi President, Ken Naughton in a statement.
First in the Middle East, this milestone marks the 55th international site to implement MCi’s solutions for real-time contractor visibility, compliance, and cost control, which have a presence spanning major industrial operations in North America, Europe, Asia-Pacific, and Africa.
The implementation took place at one of the largest gas-to-liquids (GTL) facilities, a complex industrial operation run by a global energy leader, reinforcing Track’s ability to scale across the most demanding environments.
Expansion into Qatar reflects MCi’s continued international growth and worldwide demand for enterprise-grade solutions that bring transparency and control to complex contractor operations.
With the Track Platform now live, site leadership in Qatar will benefit from improved labour, equipment, and material cost control; automated contract enforcement; real-time data visibility; and seamless integration with existing enterprise resource planning (ERP) systems.
-- BERNAMA
ANAQUA ACQUIRES RIGHTHUB IN PUSH FOR GLOBAL GROWTH
KUALA LUMPUR, May 16 (Bernama) -- Anaqua, an innovation and intellectual property (IP) management technology provider, has announced its acquisition of RightHub, an IP management software and services provider, to accelerate global growth.
Anaqua in a statement said the acquisition represents a continuation of its strategy to deliver solutions positioned to meet the needs of customers in various segments worldwide and strengthens its organisational footprint in the United Kingdom (UK), Sweden, and Denmark.
“We are thrilled to welcome RightHub to Anaqua. We share a deep commitment to providing the IP market with best-in-class, software-driven solutions that are tailored to meet the specific needs of IP practitioners in organisations of different types and sizes.
“RightHub complements Anaqua exceptionally well, bringing passionate IP industry experts and a client-focused philosophy that will further bolster Anaqua's EMEA presence, particularly in the UK and Nordic region,” said Anaqua Chief Executive Officer (CEO), Justin Crotty.
Meanwhile, RightHub Co-Founder and CEO, Toni Nijm said: “We are excited to join Anaqua to collectively address the needs of IP professionals for intuitive, nimble, and collaborative tools powered by AI to drive their business outcomes.”
Nijm will become a member of the Anaqua Executive Management Team. He has a long and successful track record in the IP space – as a patent attorney, a senior executive within the IP solutions industry and a serial entrepreneur.
Designed to meet the needs of midsize law firms and corporations, RightHub's AI-native platform will remain a distinct brand complementing Anaqua's existing IP management software platforms, AQX and PATTSY WAVE.
Anaqua will integrate its full range of IP data and services into RightHub to deliver additional benefits to its customers while also continuing to leverage shared components and services across all of its solutions and is committed to the continued development of each IP management software platform.
-- BERNAMA
Anaqua in a statement said the acquisition represents a continuation of its strategy to deliver solutions positioned to meet the needs of customers in various segments worldwide and strengthens its organisational footprint in the United Kingdom (UK), Sweden, and Denmark.
“We are thrilled to welcome RightHub to Anaqua. We share a deep commitment to providing the IP market with best-in-class, software-driven solutions that are tailored to meet the specific needs of IP practitioners in organisations of different types and sizes.
“RightHub complements Anaqua exceptionally well, bringing passionate IP industry experts and a client-focused philosophy that will further bolster Anaqua's EMEA presence, particularly in the UK and Nordic region,” said Anaqua Chief Executive Officer (CEO), Justin Crotty.
Meanwhile, RightHub Co-Founder and CEO, Toni Nijm said: “We are excited to join Anaqua to collectively address the needs of IP professionals for intuitive, nimble, and collaborative tools powered by AI to drive their business outcomes.”
Nijm will become a member of the Anaqua Executive Management Team. He has a long and successful track record in the IP space – as a patent attorney, a senior executive within the IP solutions industry and a serial entrepreneur.
Designed to meet the needs of midsize law firms and corporations, RightHub's AI-native platform will remain a distinct brand complementing Anaqua's existing IP management software platforms, AQX and PATTSY WAVE.
Anaqua will integrate its full range of IP data and services into RightHub to deliver additional benefits to its customers while also continuing to leverage shared components and services across all of its solutions and is committed to the continued development of each IP management software platform.
-- BERNAMA
Thursday, 15 May 2025
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
VICTORIA, Seychelles, May 15 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange's ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets.
The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget’s risk mitigation framework.
“Our Protection Fund continues to reflect the strength of Bitget’s long-term security strategy,” said Gracy Chen, CEO of Bitget. “As conditions in the crypto market evolve, the fund’s performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.”
Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.
For more information and monthly updates on the Protection Fund, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d71d7905-324d-44e1-be39-0046857f39ac
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a3c692-7be0-41a9-9b0d-edd9ebc3511b
SOURCE: Bitget Limited
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.
The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget’s risk mitigation framework.
“Our Protection Fund continues to reflect the strength of Bitget’s long-term security strategy,” said Gracy Chen, CEO of Bitget. “As conditions in the crypto market evolve, the fund’s performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.”
Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.
For more information and monthly updates on the Protection Fund, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d71d7905-324d-44e1-be39-0046857f39ac
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a3c692-7be0-41a9-9b0d-edd9ebc3511b
SOURCE: Bitget Limited
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.
Wednesday, 14 May 2025
APPSEC SHIFTS FROM BACKSTAGE TO BOARDROOM IN CHECKMARX STUDY
KUALA LUMPUR, May 14 (Bernama) -- Application security (AppSec) is emerging as a key consideration in purchasing decisions, with nearly half of chief information security officers (CISOs) confirming that buyers now prioritise secure software, according to a new report by Checkmarx.
Titled “A CISO’s Guide to Steering AppSec in the Age of DevSecOps”, the annual report is based on a global survey of 200 CISOs across various sectors, including banking and finance, media, insurance, manufacturing, and the public sector.
As applications become more complex—driven by AI, microservices, and hybrid architectures—development teams are increasingly responsible for embedding security directly into the software development process. Faster release cycles and growing codebases are prompting budget and decision-making authority to migrate from CISOs to developers.
Checkmarx Chief Product Officer Jonathan Rende emphasised this transition, noting that AppSec is no longer just a technical concern but a strategic, boardroom-level issue.
“As development teams take greater ownership, CISOs must focus on governance, strategy and collaboration to keep security outcomes on track,” he said in a statement.
A global leader in cloud-native application security, Checkmarx found that 49 per cent of respondents stated AppSec is regularly factored into customer purchasing decisions, while 24 per cent said it is “always” a consideration. The trend is most prominent in Europe (58 per cent), compared to the Asia Pacific (33 per cent) and North America (eight per cent).
The report also revealed a shift in security ownership, where responsibility is divided in software product companies, with 50 per cent of security oversight lies with CISOs, while 43 per cent has shifted to development teams. Additionally, 56 per cent noted their development teams are fully integrated with AppSec programmes.
Despite the growing importance of AppSec, the study found inconsistency in how security is reported at the executive level. While 62 per cent of CISOs present AppSec metrics to their boards, only 25 per cent link them to business outcomes such as brand reputation or regulatory exposure.
The survey, conducted in partnership with Global Surveyz, involved CISOs from companies generating over US$750 million in annual revenue and managing development teams of at least 180 members. (US$1=RM4.30)
-- BERNAMA
Titled “A CISO’s Guide to Steering AppSec in the Age of DevSecOps”, the annual report is based on a global survey of 200 CISOs across various sectors, including banking and finance, media, insurance, manufacturing, and the public sector.
As applications become more complex—driven by AI, microservices, and hybrid architectures—development teams are increasingly responsible for embedding security directly into the software development process. Faster release cycles and growing codebases are prompting budget and decision-making authority to migrate from CISOs to developers.
Checkmarx Chief Product Officer Jonathan Rende emphasised this transition, noting that AppSec is no longer just a technical concern but a strategic, boardroom-level issue.
“As development teams take greater ownership, CISOs must focus on governance, strategy and collaboration to keep security outcomes on track,” he said in a statement.
A global leader in cloud-native application security, Checkmarx found that 49 per cent of respondents stated AppSec is regularly factored into customer purchasing decisions, while 24 per cent said it is “always” a consideration. The trend is most prominent in Europe (58 per cent), compared to the Asia Pacific (33 per cent) and North America (eight per cent).
The report also revealed a shift in security ownership, where responsibility is divided in software product companies, with 50 per cent of security oversight lies with CISOs, while 43 per cent has shifted to development teams. Additionally, 56 per cent noted their development teams are fully integrated with AppSec programmes.
Despite the growing importance of AppSec, the study found inconsistency in how security is reported at the executive level. While 62 per cent of CISOs present AppSec metrics to their boards, only 25 per cent link them to business outcomes such as brand reputation or regulatory exposure.
The survey, conducted in partnership with Global Surveyz, involved CISOs from companies generating over US$750 million in annual revenue and managing development teams of at least 180 members. (US$1=RM4.30)
-- BERNAMA
Best’s Market Segment Report: AM Best Maintains Stable Outlook on Japan Non-Life Insurance Segment
HONG KONG, May 14 (Bernama-BUSINESS WIRE) -- AM Best is maintaining a stable outlook on Japan’s non-life insurance industry, citing improved profitability in the fire insurance line and heightened regulatory oversight, which is driving industry reforms.
The Best’s Market Segment Report, “Market Segment Outlook: Japan Non-Life Insurance”, notes that Japan’s Financial Services Agency has increased scrutiny of non-life insurers in the past 18 months, outlining stricter governance requirements for insurers, including stronger oversight of agency networks and eliminating improper incentives provided by insurers to distributors. While the new regulatory measures may lead to higher compliance costs for insurers in the short term, these shifts should increase transparency and foster fair market competition, as well as help insurers improve acquisition cost efficiency over the long term.
The non-life industry also will see the implementation of the Insurance Capital Standard in fiscal-year 2025, whereby assets and liabilities will be measured at market value. While the new solvency regime should have a greater impact on life insurers, most Japanese non-life insurers have been preparing for this transition by augmenting their risk management frameworks over the past few years.
“AM Best expects that the regulatory shift will lead to increased transparency and comparability for Japanese non-life insurers with global counterparts under similarly advanced regulatory frameworks, equipping them to navigate economic uncertainties more effectively and enrich global competitiveness over the long term,” said Chanyoung Lee, director, analytics, AM Best.
According to the report, Japan’s non-life insurers have implemented various measures to combat significant underwriting volatility in their homeowners-related fire insurance products, given the increase in the occurrence and severity of natural catastrophes. The measures are aimed at ensuring that policies are more accurately priced according to actual risk exposure and reduce the likelihood of underwriting losses over time.
Japan’s interest rate environment also has become more favourable for insurers, and the paradigm shift, transitioning from a focus on deflation avoidance to inflation control, has benefited non-life insurers with substantial bond portfolios. This trend is expected to persist over the next 12 months and contribute positively to non-life insurers’ investment income.
Conversely, the report notes that Japan’s automobile insurance segment continues to face profitability challenges. “A key issue is the persistent increase in repair costs, driven by higher prices for spare parts and rising labour costs,” said Charles Chiang, senior financial analyst, AM Best. “Our analysis shows that the loss ratios of major non-life insurers have been trending upward in recent quarters.”
To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=353781.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250513248433/en/
Contact
Charles Chiang
Senior Financial Analyst
+852 2827 3427
charles.chiang@ambest.com
Chanyoung Lee
Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com
Source : AM Best
The Best’s Market Segment Report, “Market Segment Outlook: Japan Non-Life Insurance”, notes that Japan’s Financial Services Agency has increased scrutiny of non-life insurers in the past 18 months, outlining stricter governance requirements for insurers, including stronger oversight of agency networks and eliminating improper incentives provided by insurers to distributors. While the new regulatory measures may lead to higher compliance costs for insurers in the short term, these shifts should increase transparency and foster fair market competition, as well as help insurers improve acquisition cost efficiency over the long term.
The non-life industry also will see the implementation of the Insurance Capital Standard in fiscal-year 2025, whereby assets and liabilities will be measured at market value. While the new solvency regime should have a greater impact on life insurers, most Japanese non-life insurers have been preparing for this transition by augmenting their risk management frameworks over the past few years.
“AM Best expects that the regulatory shift will lead to increased transparency and comparability for Japanese non-life insurers with global counterparts under similarly advanced regulatory frameworks, equipping them to navigate economic uncertainties more effectively and enrich global competitiveness over the long term,” said Chanyoung Lee, director, analytics, AM Best.
According to the report, Japan’s non-life insurers have implemented various measures to combat significant underwriting volatility in their homeowners-related fire insurance products, given the increase in the occurrence and severity of natural catastrophes. The measures are aimed at ensuring that policies are more accurately priced according to actual risk exposure and reduce the likelihood of underwriting losses over time.
Japan’s interest rate environment also has become more favourable for insurers, and the paradigm shift, transitioning from a focus on deflation avoidance to inflation control, has benefited non-life insurers with substantial bond portfolios. This trend is expected to persist over the next 12 months and contribute positively to non-life insurers’ investment income.
Conversely, the report notes that Japan’s automobile insurance segment continues to face profitability challenges. “A key issue is the persistent increase in repair costs, driven by higher prices for spare parts and rising labour costs,” said Charles Chiang, senior financial analyst, AM Best. “Our analysis shows that the loss ratios of major non-life insurers have been trending upward in recent quarters.”
To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=353781.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250513248433/en/
Contact
Charles Chiang
Senior Financial Analyst
+852 2827 3427
charles.chiang@ambest.com
Chanyoung Lee
Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com
Source : AM Best
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