Day: September 11, 2024

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Bitget Acquired 1.7M Users in August, Monthly Report Highlights

Bitget Acquired 1.7M Users in August, Monthly Report Highlights
Bitget Acquired 1.7M Users in August, Monthly Report Highlights

Bitget Acquired 1.7M Users in August, Monthly Report Highlights

VICTORIA, Seychelles, Sept. 11, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company has shared its August 2024 transparency report highlighting significant growth, adding 1.72 million users despite challenging market conditions. The cryptomarket saw sharp declines, with Bitcoin falling below $50,000, but Bitget remained resilient by integrating new features and advancing strategic initiatives.

A key highlight was the integration of Apple Pay and Google Pay, allowing users to convert fiat to crypto. This enabled Bitget’s on-ramp capabilities, making it easier for users to buy and trade cryptocurrencies globally, supporting over 140 fiat currencies and 100+ cryptocurrencies.

Bitget appointed Hon Ng as Chief Legal Officer, reinforcing its focus on compliance and regulatory engagement. With over 20 years of experience, Ng now leads efforts to expand in new markets and strengthen regulatory dialogues worldwide for Bitget. This appointment aligns with the company’s goal of advancing crypto adoption through strong compliance.

In August, Bitget’s platform showed impressive growth, offering 800 tokens and 900 spot trading pairs, with daily trading volumes of $400 million in spot markets and $7 billion in futures. The platform’s protection fund remains strong at $400 million, ensuring user security.

“Bitget’s constant innovation and advancements in security has made it one of the fastest growing exchanges. Adding over a million users consistently month-over-month has been a huge achievement for us and also shows the increasing participation in crypto from a wider audience,” says Gracy Chen, CEO at Bitget.

The introduction of new products, such as the Bitget Booster Platform, was also launched to connect crypto influencers with projects, offering content creators generous commission rewards. Additionally, the launch of P2P Shield strengthened security for peer-to-peer transactions, protecting users from fraud.

Bitget also achieved ISO 27001:2022 certification,showcasing its commitment to maintaining the highest standards of information security. As the platform expands, these developments keep Bitget strong as a leader in the crypto industry while ensuring user security and asset protection.

The platform currently boasts 185,000+ pro traders and over 840,000 copy trading followers, leading to more than 90 million successful trades. Profits from these trades have resulted in over $500 million in gains, with $23 million shared by elite traders.

On Bitget Wallet side, the decentralized wallet from Bitget’s ecosystem introduced an MPC wallet with Telegram log-in, simplifying Web3 access by allowing users to create keyless wallets through their Telegram accounts. This innovation enhances security and usability, complemented by a new Telegram trading bot that offers real-time market updates and facilitates meme coin trading. Additionally, Bitget Wallet has integrated token lists from Four.Meme and Sun Pump for TRON and BNB Chain memecoins, upgraded transaction features, and pledged 2 million $TRX to subsidize gas fees, making trading faster, cheaper, and more user-friendly.

For more in-depth insights, visit Bitget’s August Transparency Report.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. 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, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a615fb6-94c8-43bc-bb88-3b06a60d5bcc

GlobeNewswire Distribution ID 1000991293

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Bitget Acquired 1.7M Users in August, Monthly Report Highlights

Bitget Acquired 1.7M Users in August, Monthly Report Highlights
Bitget Acquired 1.7M Users in August, Monthly Report Highlights

Bitget Acquired 1.7M Users in August, Monthly Report Highlights

VICTORIA, Seychelles, Sept. 11, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company has shared its August 2024 transparency report highlighting significant growth, adding 1.72 million users despite challenging market conditions. The cryptomarket saw sharp declines, with Bitcoin falling below $50,000, but Bitget remained resilient by integrating new features and advancing strategic initiatives.

A key highlight was the integration of Apple Pay and Google Pay, allowing users to convert fiat to crypto. This enabled Bitget’s on-ramp capabilities, making it easier for users to buy and trade cryptocurrencies globally, supporting over 140 fiat currencies and 100+ cryptocurrencies.

Bitget appointed Hon Ng as Chief Legal Officer, reinforcing its focus on compliance and regulatory engagement. With over 20 years of experience, Ng now leads efforts to expand in new markets and strengthen regulatory dialogues worldwide for Bitget. This appointment aligns with the company’s goal of advancing crypto adoption through strong compliance.

In August, Bitget’s platform showed impressive growth, offering 800 tokens and 900 spot trading pairs, with daily trading volumes of $400 million in spot markets and $7 billion in futures. The platform’s protection fund remains strong at $400 million, ensuring user security.

“Bitget’s constant innovation and advancements in security has made it one of the fastest growing exchanges. Adding over a million users consistently month-over-month has been a huge achievement for us and also shows the increasing participation in crypto from a wider audience,” says Gracy Chen, CEO at Bitget.

The introduction of new products, such as the Bitget Booster Platform, was also launched to connect crypto influencers with projects, offering content creators generous commission rewards. Additionally, the launch of P2P Shield strengthened security for peer-to-peer transactions, protecting users from fraud.

Bitget also achieved ISO 27001:2022 certification,showcasing its commitment to maintaining the highest standards of information security. As the platform expands, these developments keep Bitget strong as a leader in the crypto industry while ensuring user security and asset protection.

The platform currently boasts 185,000+ pro traders and over 840,000 copy trading followers, leading to more than 90 million successful trades. Profits from these trades have resulted in over $500 million in gains, with $23 million shared by elite traders.

On Bitget Wallet side, the decentralized wallet from Bitget’s ecosystem introduced an MPC wallet with Telegram log-in, simplifying Web3 access by allowing users to create keyless wallets through their Telegram accounts. This innovation enhances security and usability, complemented by a new Telegram trading bot that offers real-time market updates and facilitates meme coin trading. Additionally, Bitget Wallet has integrated token lists from Four.Meme and Sun Pump for TRON and BNB Chain memecoins, upgraded transaction features, and pledged 2 million $TRX to subsidize gas fees, making trading faster, cheaper, and more user-friendly.

For more in-depth insights, visit Bitget’s August Transparency Report.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. 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, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a615fb6-94c8-43bc-bb88-3b06a60d5bcc

GlobeNewswire Distribution ID 1000991293

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The occupation bulldozes the surroundings of Nour Shams camp and blows up a warehouse in the Iktaba suburb


Tulkarm – Ma’an – The Israeli occupation forces bulldozed Nablus Street adjacent to Nour Shams camp tonight, coinciding with the ongoing aggression on the city of Tulkarm and its camp.

Local sources reported that the occupation bulldozers destroyed the infrastructure around the Martyr Saif Abu Labdeh roundabout at the entrance to the camp, and the streets of the Al-Ayada neighborhood, leaving extensive destruction there.

She added that bulldozers closed the doors of shops located on the main street of Nour Shams camp with dirt barriers.

Later, the occupation forces blew up a warehouse belonging to the Abu Daghash family in the Aktaba suburb east of Tulkarm city, without causing any injuries among the citizens.

In the same context, the occupation forces stormed tonight the villages and towns of Anabta, Kafr al-Labad, east of Tulkarm, and Qaffin in the north, amid the outbreak of clashes and the occupation soldiers firing live ammunition heavily, without any injuries being reported.

The occupation forces a
lso completely closed the Jabara Gate south of Tulkarm in both directions, which separates the city of Tulkarm from the villages of Al-Kafriyat Al-Saba and Qalqilya Governorate, and prevented vehicles from passing.

The occupation forces continue their aggression on Tulkarm camp, while sending more military reinforcements to it, and they continue to besiege Al-Israa Specialized Hospital and Martyr Thabet Thabet Governmental Hospital in the city.

Source: Maan News Agency

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SDAIA and ST Engineering Partner for Smarter Saudi Cities

The Saudi Data and Artificial Intelligence Authority (SDAIA) has signed a Memorandum of Understanding (MoU) with ST Engineering, a leading technology and engineering company. The agreement aims to explore collaboration and knowledge exchange in various areas related to smart traffic management in Saudi cities. The goal is to develop AI solutions that will enhance road safety and improve the quality of life.

SDAIA supports the digital transformation of smart cities in Saudi Arabia and collaborates with several government entities to launch projects and initiatives related to AI technologies. These efforts have strengthened the concept of smart cities, contributing to the rise of five Saudi cities in the Smart City Index 2024, issued by the International Institute for Management Development (IMD), compared to the 2023 report.

Source: Saudi Press Agency

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SDAIA Launches National DEEM Mail Service to Reduce Operational Costs

The Saudi Data and Artificial Intelligence Authority (SDAIA) launched the national “DEEM” mail service through the government cloud (DEEM), fully developed by the authority’s expertise.

The service aims to maximize cost savings for government operations, enhance security to the highest standards, and achieve complete sovereignty over the email system.

The national DEEM mail service was introduced during the third Global AI Summit, currently taking place in Riyadh with the participation of over 300 speakers and AI experts from 100 countries.

DEEM Cloud is considered one of the technological and innovative solutions provided by SDAIA to government institutions, supporting their digital transformation efforts in line with Saudi Vision 2030.

DEEM Cloud offers a comprehensive infrastructure based on the latest technologies, ensuring high security for government data. It also helps reduce government spending on managing, protecting, operating, and maintaining infrastructure, and aims to unify data centers acros
s government sectors to enhance operational efficiency.

Source: Saudi Press Agency

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SDAIA and Kloudspot Partner to Advance AI and IoT Cloud Services

The Saudi Data and Artificial Intelligence Authority (SDAIA) and Kloudspot today announced a strategic partnership to develop cutting-edge cloud services that support artificial intelligence (AI) and Internet of Things (IoT) technologies.

The memorandum was signed during the third edition of the Global AI Summit, which is currently being held in Riyadh. This collaboration aims to accelerate the Kingdom’s digital transformation by providing innovative cloud solutions that empower businesses and organizations to harness the full potential of AI and IoT.

Source: Saudi Press Agency

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HRH the Crown Prince Phones Algerian President to Congratulate Him on Re-Election

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, spoke by telephone with President Abdelmadjid Tebboune of the People’s Democratic Republic of Algeria.

HRH the Crown Prince expressed his congratulations to President Tebboune on his re-election for a new presidential term, wishing him success.

President Tebboune expressed his thanks to HRH the Crown Prince for his congratulations.

Source: Saudi Press Agency

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AI-Powered Self-Driving: A Showcase of Innovation at Global AI Summit

The third edition of the Global AI Summit featured a captivating exhibit demonstrating how machines can learn human life skills and navigate complex environments. Visitors have the opportunity to witness real-world applications of AI-driven self-driving technology.

One of the highlights was a simulation of public streets, complete with yellow lines and miniature vehicles equipped with cameras. These vehicles captured data at 14 frames per second, which was then analyzed by AI algorithms to perform pre-programmed tasks. Developers could create custom challenges, adjust vehicle speeds, and even compete in races using the provided tools.

This interactive exhibit showcased the incredible advancements in AI and its potential to revolutionize transportation and other industries.

Source: Saudi Press Agency

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ARCO Chief, Sudanese Ambassador Discuss Sudan Humanitarian Situation

Arab Red Crescent and Red Cross Organization (ARCO) Secretary-General Abdullah bin Suhail Al-Muhaidli on Wednesday met with Sudanese Ambassador to Saudi Arabia Dafallah Al-Hajj Ali.

During the meeting, they deliberated on the current humanitarian situation in Sudan.

Al-Muhaidli emphasized Riyadh-based ARCO’s backing of its member national associations and its dedicated mission to serve humanity. He reiterated the organization’s steadfast commitment to continue this role, in coordination with these associations, to bolster responses for those affected by crises.

Ambassador Ali expressed his appreciation to ARCO for its continuous assistance to Sudan and the pivotal role it has played in enhancing humanitarian responses for those affected. He underscored the current situation in Sudan, which has led to the displacement of over 13 million individuals.

Source: Saudi Press Agency