Blockchain Press Releases
Bahrain Secures a Record USD 1.95 Billion in FDI Inflows in 2022 According to UN Report
- A testament to Bahrain’s earned success in emerging as a competitive international player and attracting investment projects in line with the diversification and growth directives as part of the ERP
- This milestone achievement in FDI inflows reflects the robust level of local and foreign investor confidence in Bahrain’s value proposition
MANAMA, Bahrain, July 6, 2023 /PRNewswire/ — Securing a new record, Bahrain’s Foreign Direct Investment (FDI) inflows increased by USD 1.95 billion in 2022 while global FDI fell by 12%, according to the latest World Investment Report (WIR 2023) by the United Nations Conference of Trade and Development (UNCTAD).
Commenting on this achievement, H.E. Khalid Humaidan, Chief Executive of Bahrain Economic Development Board, said: “This milestone achievement of almost USD 2 billion in FDI inflows reflects the robust level of investor confidence in Bahrain’s value proposition, encouraging local and international investments that are backed by a highly skilled workforce and best value operating costs serving as a gateway to the region.”
The Chief Executive added: “This record increase in FDI inflows is supported by Team Bahrain’s swift agility in successfully driving in solid investments and securing value-adding projects across priority sectors. I am confident in our ability to maintain a strong pipeline of investments in 2023 and beyond.”
Bahrain has made laudable progress in diversifying its economy, growing opportunities for local and international businesses and maintaining steady investor confidence, as well as consistently increasing the Kingdom’s FDI inflows.
While economic diversification efforts have long been underway in Bahrain, the Economic Recovery Plan (ERP) formed in 2021 embraced a focused development plan with an overarching aim of enhancing Bahrain’s competitiveness on an international level by reprioritising the economy and underscoring strategies across high value sectors.
To ensure the Kingdom remains an attractive destination for investment, Bahrain has recently launched the Golden License as well as continues to maintain an ongoing commitment to streamline commercial procedures on a regulatory front, further boosting Bahrain’s business-friendly environment.
The full version of the UNCTAD World Investment Report 2023 report is accessible at the following website https://unctad.org/publications
About Bahrain Economic Development Board (Bahrain EDB)
Bahrain EDB is an investment promotion agency with the overall responsibility of attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.
Bahrain EDB works with the government and both current and prospective investors, to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
Bahrain EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, logistics, ICT, and tourism.
For more information on Bahrain EDB visit www.bahrainedb.com
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View original content:https://www.prnewswire.co.uk/news-releases/bahrain-secures-a-record-usd-1-95-billion-in-fdi-inflows-in-2022-according-to-un-report-301871433.html
Blockchain Press Releases
From DeFi to Tokenization: Bybit’s Shunyet Jan Explores the Future of Crypto Trading at iFX EXPO
DUBAI, UAE, Jan. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, was presented by Shunyet Jan, Head of Derivatives Business and Institutional Sales, at the iFX EXPO.
Shunyet joined an expert panel titled “Crypto Trading: Finding the Evergreen” to discuss the evolving dynamics of the cryptocurrency market. The session, moderated by Karnika E. Yashwant, Founder and Chairman of KEY Difference, featured Wael Makarem, Financial Markets Strategists Lead at Exness, alongside Shunyet. Together, the panelists explored the concept of “evergreen” strategies in crypto trading, examining how to identify and implement approaches that stand the test of time.
Reflecting on the discussion, Shunyet Jan said, “The iFX EXPO brought together some of the sharpest minds in trading and crypto to tackle the hard questions that define success in a volatile market. Sitting alongside Wael Makarem and Mr. Key on the panel, we delved into the forces shaping crypto’s future – from the integration of AI to the shifting role of institutional players and evolving regulations. Conversations like these are crucial for advancing the industry and helping participants find the ‘evergreen’ in an ever-changing landscape.“
Key discussion points included navigating market volatility, leveraging AI and machine learning for sustainable strategies, the role of institutional players and evolving regulations, and the importance of psychological resilience in long-term trading success. They also analyzed emerging market trends, such as DeFi and tokenization, and shared practical tips for avoiding common pitfalls and building diversified portfolios that thrive in a volatile environment.
Shunyet Jan also led a Gold and Forex workshop at Bybit’s Dubai HQ, generating strong interest in the platform. Bybit’s new MetaTrader-5 license provides professional traders with access to gold, forex, and cryptocurrencies, offering advanced tools, up to 500x leverage, competitive fees, and an intuitive interface for a seamless trading experience.
The iFX EXPO, the online trading industry’s biggest event series, bridges the world’s top brands with like-minded professionals, traders, and more. It has grown into a global standard, providing every individual a hub to network, exchange ideas, and grow their business. The iFX EXPO remains a vital platform for fostering dialogue and collaboration among industry leaders, and Shunyet’s contributions underscore Bybit’s commitment to advancing the cryptocurrency space.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/from-defi-to-tokenization-bybits-shunyet-jan-explores-the-future-of-crypto-trading-at-ifx-expo-302355234.html
VICTORIA, Seychelles, Jan. 20, 2025 /PRNewswire/ — KuCoin, a globally recognized cryptocurrency exchange, has announced the appointment of BC Wong as its new Chief Executive Officer (CEO). This strategic decision underscores KuCoin’s commitment to global growth, innovation, and regulatory compliance.
BC Wong, widely known within the organization as “BC,” is a seasoned leader with extensive experience in the cryptocurrency industry. As a key member of KuCoin’s leadership team, his expertise and strategic vision have been instrumental in establishing KuCoin as a reliable platform for millions of users worldwide.
Throughout his tenure, BC has advanced global regulatory engagement while skillfully navigating industry challenges. Under his leadership, KuCoin remains dedicated to prioritizing user-centricity, robust security, and technological innovation.
“Our priority is to build a reliable platform for our users,” BC stated. “As CEO, I am focused on enhancing our global presence and fostering collaboration with regulators to create a secure, inclusive financial ecosystem. Together with our partners and users, we will shape the future of finance.”
Focus on Compliance and Reliability
A Singaporean with a Juris Doctor degree from Singapore Management University and a master’s degree from George Washington University, Wong brings a global perspective to KuCoin. In his previous role as Chief Legal Officer, he spearheaded efforts to secure regulatory licenses and strengthen relationships with regulators, reinforcing KuCoin’s commitment to compliance.
Wong has been instrumental in collaborating with regulators across the EU, Asia, the Middle East, and Africa, reinforcing KuCoin’s reputation as a compliant and secure platform. His strategic efforts have reinforced KuCoin’s commitment to providing a safe and reliable trading environment on a global scale.
Empowering Users Globally
KuCoin is dedicated to democratizing access to cryptocurrency through secure and innovative solutions. By expanding its presence in key markets, the company continues to provide seamless, user-friendly experiences for investors worldwide.
Under BC’s leadership, KuCoin has also prioritized Corporate Social Responsibility (CSR), partnering with organizations such as the Global CSR Foundation and the American Medical Women’s Association. Notable initiatives include participation in the UN COP28 Climate Change Conference, Green Blockchain Projects, the Light Up Africa Program, and the Climate Change Bucket initiative, benefiting over 50,000 women and children globally.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 38 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-appoints-bc-wong-as-ceo-to-lead-compliance-and-global-expansion-302355187.html
Blockchain Press Releases
The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:
On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.
Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.
If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:
Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
[email protected]
[email protected]
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