Pakistan – Page 43 – Daily Balochistan Times

March 26, 2025

Bitget Maintains 213% Reserve Ratio in March 2025 Proof-of-Reserves Update

Ratio in March 2025 Proof-of-Reserves Update

VICTORIA, Seychelles, March 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading global cryptocurrency exchange, has released its latest proof-of-reserves report for March 2025, reaffirming its asset transparency and user fund security with a reserve ratio of 213%. The report, timestamped at 10:30 AM (UTC+8) on March 17, shows that the exchange holds more than double the users’ total assets across BTC, ETH, USDT, and USDC.

The audit, supported by a 27-layer Merkle tree comprising over 37.8 million records, verifies that Bitget possesses sufficient assets to cover all user balances. This month’s report highlights reserve ratios of 332% for BTC, 173% for USDT, 161% for ETH, and 198% for USDC, each significantly exceeding the 100% threshold required to meet user liabilities.

A reserve ratio exceeding 100% indicates that the platform holds more crypto assets in custody than its users collectively own, acting as a real-time solvency signal. The publication of this data follows increasing calls from both regulators and users for more frequent, mathematically verifiable disclosures from centralized exchanges.

By adopting cryptographic techniques such as the Merkle tree structure, Bitget enables users to independently verify their balances within the total liabilities without exposing personal account data. This method strengthens user trust by enabling public verification of platform solvency while preserving user privacy.

“Transparency must be consistent, not occasional. Exchanges carry an obligation to provide users with tools to verify that their funds are held securely and fully accounted for. Bitget’s latest reserve ratio is not just a metric—it’s a signal of operational clarity and a standard the industry should continuously uphold,” said Gracy Chen, CEO at Bitget.

As regulatory scrutiny intensifies and users become more discerning, frequent and transparent solvency proofs are becoming integral to the survival of centralized platforms. The latest data places Bitget ahead of many major exchanges in terms of capital buffers, offering a substantial margin of security in volatile market conditions.

With over 20,500 BTC, 197,500 ETH, 2 billion USDT, and 106 million USDC held in custody, Bitget’s holdings remain aligned with its broader objective to provide users with uninterrupted access to their digital assets. The latest Merkle root hash for March 2025—37a20f806f400dcd—can be used by users to confirm their account’s inclusion in the reserve audit.

The March disclosure continues a monthly cycle of transparent reporting introduced by Bitget following industry-wide failures in 2022. With this sustained publication, the exchange reinforces its operational visibility and bolsters user confidence in custodial safety.

To view Bitget’s Proof-of-Reserves, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 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 media inquiries, please contact: [email protected]

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/0f1afe99-dee9-403a-a014-543d1c47fd84

GlobeNewswire Distribution ID 1001076212

March 26, 2025

Saudi National Pavilion at London Design Biennale 2025: “Good Water” Invites Us to Rethink Our Relationship With Water

Closeup of the sabeel fountain, 2025. Photo by Aziz Jamal. Courtesy of the Architecture and Design Commission.

RIYADH, Saudi Arabia, March 26, 2025 (GLOBE NEWSWIRE) — Saudi Arabia returns to the London Design Biennale 2025 with an exhibition entitled Good Water, from 5–29 June 2025 at Somerset House. Commissioned by Saudi Arabia’s Architecture and Design Commission, this year’s pavilion is curated by design collective including Alaa Tarabzouni, Aziz Jamal, Dur Kattan and Fahad bin Naif, who bring together their multidisciplinary backgrounds in architecture, design and the arts, for an exhibition that questions, disrupts, and reimagines systems of access and distribution of water, and our relationship with it.

The curatorial concept of Good Water responds to this year’s theme for the London Design Biennale, ‘Surface Reflections’, which explores how ideas are fuelled by our internal experiences, external influences and personal histories. The Saudi Pavilion is defined by a sabeel – a free water fountain, a symbol of hospitality deeply rooted in the Saudi Arabian tradition. Traditionally, these fountains are scattered across the country, providing water to passersby embodying a communal ethos of generosity. Yet, within the context of this exhibition, the sabeel is no longer just a gesture of goodwill, but a question: Who pays for ‘free’ water? What does it truly cost? And, crucially, if the burden falls on someone else, does it not, in some form, cost everyone?

The sabeel, as a concept, carries a deep contradiction: while it offers water freely, the reality is that the water is not free at all. Every sip is made possible by a complex system of labour, energy, and economics. Potable water is extracted through costly processes, imported in plastic bottles, or transported through networks that demand maintenance and oversight. The cost is distributed across various actors – governments, corporations, workers – but ultimately, it is a cost that all must bear. Even those who do not pay for water directly still share in its long-term consequences. The sabeel in the pavilion, therefore, is more than a functional object: it is a symbol of interdependence. It highlights the tension between generosity and cost, between access and consequence.

The Saudi National Pavilion is a flagship initiative of the Architecture and Design Commission, supported by the Ministry of Culture, reflecting Saudi Arabia’s commitment to contributing to international design discourse and promoting sustainable, innovative solutions.

The press kit is HERE.

For information contact:

Anastasia Lander
Pelham Communications
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f11301a5-c6f1-4cba-81d8-65b5bfcd50d3

GlobeNewswire Distribution ID 9411242

March 26, 2025

Bitget Shifts Gears with Porsche Cup Brasil Sponsorship with Driver Flávio Sampaio

VICTORIA, Seychelles, March 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading global cryptocurrency exchange, is set to accelerate its presence in the motorsport world as the official sponsor of Driver Flávio Sampaio for the Porsche Cup Brasil 2025. The partnership, which kicks off with the season’s opening race in April 2025, symbolizes the convergence of the on-going financial evolution, and the adrenaline-fueled world of motorsport.

The collaboration sets Bitget with Porsche’s legacy of precision and speed, creating a partnership that resonates with both crypto enthusiasts and motorsport fans. The sponsorship of driver Flávio Sampaio in the 2025 Porsche Carrera Cup Brazil season is supported by Bitget’s mission of bringing together sports and crypto.

The championship kicked off on March 22nd and 23rd at the Velocitta in Mogi Guaçu and will continue through November, with the final stage scheduled for the 8th and 9th in Interlagos, São Paulo. With its support for Flávio, Bitget becomes the first crypto exchange to participate in the competition and will have its own car in Latin America’s largest Grand Touring category.

In the past, Bitget also had a successful partnership with Argentina’s star Lionel Messi from 2022 to 2024 and previously sponsored Juventus’ women’s football team in Italy. Currently, it also supports other major sports projects, such as Turkish athlete Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gümüş (gold medalist in boxing), and İlkin Aydın (national volleyball team athlete).

Flávio Sampaio, commented on the partnership, saying, “I am very excited about this partnership with Bitget and hope to help spark interest among motorsport fans in the world of cryptocurrencies. The profile of sports fans often has similarities with that of crypto investors. I believe we can create an interesting connection between these two worlds.”

Flávio Sampaio began his career in karting at the age of 12 and competed in major state and national championships until 2001. In 2007, he was invited to participate in Stock Jr., the feeder category for Stock Car. In 2008, he joined ATW Racing in Stock Light. In 2010, he was invited to compete in the Mini Cooper Challenge category, and in 2014, he moved to the GT3 Challenge.

This partnership is a Porsche 911 GT3 Cup wrapped in Bitget’s signature black-and-cyan livery, embodying the exchange’s commitment to speed, reliability, and performance. With a roaring 510CV engine, the car serves as a metaphor for Bitget’s high-performance trading engine, designed to deliver unmatched efficiency and results.

“This partnership isn’t just about speed on the track—it’s about accelerating innovation in the crypto space,” said Gracy Chen, CEO at Bitget. “We find that Flavio’s sportsmanship also dwells on the same principles that drive Bitget: strategy, adaptability, and high-performance execution. Aligning with a motorsport professional for a series known for its precision and competitiveness allows us to engage with an audience that values both technological advancement and calculated risk-taking.”

The Porsche Cup Brasil is the ideal setting for Bitget to engage with a discerning audience, since it draws Brazil’s top motorsport aficionados and sports-centric enthusiasts. Among the unique experiences attendees will have is access to the Paddock Terrace, where timing screens and real-time race radios provide an immersive perspective of the action. Bitget’s VIP visitors will also be able to meet drivers, tour the pit lane, and take part in Porsche Experience Rides where they will ride shotgun with professional drivers in Bitget-branded helmets.

Brazil is experiencing a notable surge in cryptocurrency adoption, with over 40 million users, which positions the country as a key market for Bitget’s expansion. By partnering with Driver Flávio Sampaio in the Porsche, Bitget strengthens its local presence and reinforces its global reputation as the top emerging crypto brand. The sponsorship shows Bitget’s ability to connect with diverse audiences, from crypto traders to motorsport enthusiasts, through shared values of innovation and performance.

As engines roar and markets surge, Bitget, and Porsche Cup Brasil are set to redefine what it means to blend speed with substance. This partnership merges excitement and anticipation, driving the future of finance and motorsport with Bitget set to lead.

About Bitget

For media inquiries, please contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aeb5ea1c-7b55-47c1-879e-64bebd0cae6d

GlobeNewswire Distribution ID 1001076125

March 26, 2025

FDA Issues Nyxoah an Approvable Letter for its Genio® System

INSIDE INFORMATION
REGULATED INFORMATION

FDA Issues Nyxoah an Approvable Letter for its Genio® System

Mont-Saint-Guibert, Belgium – March 26, 2025, 8:00am CET / 3:00am ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), that develops breakthrough treatment alternatives for Obstructive Sleep Apnea (OSA) through neuromodulation, today announced that the U.S. Food and Drug Administration (FDA) has issued an Approvable Letter regarding the Company’s Pre-Market Approval (PMA) application for the Genio® system.

The Approvable Letter means that Nyxoah’s application for marketing the device in the United States substantially meets the requirements of the Federal Food, Drug and Cosmetic Act and the FDA’s PMA implementing regulations codified at 21 C.F.R. Part 814, and the FDA will approve the application subject to satisfactory completion of a manufacturing facilities, methods and controls review. The Company will work closely with the FDA to address these requests and is committed to bringing this innovative therapy to U.S. patients.

“The FDA has reviewed our submission and determined that it substantially meets the requirements for approval: the FDA’s Approvable Letter included no further questions on the clinical data or biocompatibility that support the submission,” commented Olivier Taelman, Nyxoah’s Chief Executive Officer. “We are still on the right track to make Genio available to U.S. patients suffering from OSA.”

This decision does not impact Genio’s CE Mark or ongoing commercial activities in Europe, where the device is approved for both Complete Concentric Collapse (CCC) and non-CCC patients.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

FORWARD-LOOKING STATEMENTS

Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; the satisfactory completion of a manufacturing facilities, methods and controls review and receipt of FDA approval; entrance to the U.S. market; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
John Landry, CFO
[email protected]

For Media
In United States
FINN Partners – Alyssa Paldo
[email protected]

In International/Germany
MC Services – Anne Hennecke
[email protected]

In Belgium/France
Backstage Communication – Gunther De Backer
[email protected]

Attachment

ENGLISH_FDA Approvable Press Release

GlobeNewswire Distribution ID 1001076080

March 25, 2025

Reese Witherspoon to keynote Meltwater Summit 2025 with dynamic speaker lineup

The annual two-day event will feature industry leaders from top brands including Microsoft, Yahoo, Heineken, Paramount, and more

SAN FRANCISCO, March 25, 2025 (GLOBE NEWSWIRE) — Meltwater, a global leader in media, social and consumer intelligence, today announced a lineup of industry-leading speakers for Meltwater Summit 2025. Set against the backdrop of Times Square in New York City, the event returns for its third year on May 6-7 and will be headlined by Reese Witherspoon as the celebrity keynote speaker.

Award-winning actress, producer, entrepreneur, and bestselling author, Witherspoon has mastered the art of storytelling across film, media, and business—turning her passion for authentic narratives into globally recognized brands like Hello Sunshine, Draper James, and Reese’s Book Club. At Meltwater Summit, she’ll share insights on driving impact through storytelling, building meaningful connections through social platforms, developing cohesive multi-channel brand strategies, and scaling women-centric businesses. Her experience embodies this year’s Summit theme, Insights to Impact, offering attendees a unique perspective on transforming data into stories that foster lasting consumer relationships.

Meltwater Summit is a premier two-day event for PR and marketing professionals eager to transform data and insights into impactful strategies. Building on past success with keynote speakers like Ryan Reynolds, Bethenny Frankel and Trevor Noah, Witherspoon will headline this year’s conference that features a diverse lineup of industry leaders from the world’s top brands. Sessions will explore topics such as building brand resilience in a disinformation-driven world, breaking through in today’s crowded media landscape, tapping into social listening for trend forecasting, and mastering AI for PR and Marketing.

Featured speakers at Meltwater Summit 2025 include:

Barbara Peng, CEO, Business Insider
Sona Iliffe-Moon, Chief Communications Officer, Yahoo
Sawyer Hemsley, Co-Founder & Chief Brand Officer, Crumbl
Melissa Layton, Vice President, Global Communications, Crocs, Inc.
Stephanie Cohen Glass, Director of Corporate Communications, Microsoft
Vanessa Mbonu, Vice President of Marketing, NAACP
Narek Garit, Global Measurement & Analysis Lead, Heineken
Temeka Easter Rice, Head of Social Media, Vanguard
John Box, CEO, Meltwater

“Our vision for Meltwater Summit is to build a vibrant community of PR, Comms and Marketing professionals where they can engage in meaningful conversations and share innovative strategies that address the challenges they face every day,” said Jenny Force, Global VP of Demand Generation, Meltwater. “By bringing together the brightest minds in our industry, we’re creating a space for experts to share their knowledge and drive real impact. We are thrilled to have Reese Witherspoon join us, as she exemplifies the transformative power of storytelling and brand authenticity in today’s market.”

Learn more about Meltwater Summit 2025, the agenda, featured speakers, and registration information here: https://www.meltwater.com/en/summit/2025#register

For more information, please contact:
Kelly Costello
Corporate Communications Director
[email protected]

About Meltwater
Meltwater empowers companies with solutions that span media, social and consumer intelligence. By analyzing ~1 billion pieces of content daily and transforming them into vital insights, Meltwater unlocks the competitive edge to drive results. With 27,000 global customers, 50 offices across six continents, and 2,300 employees, Meltwater is the industry partner for global brands making an impact. Learn more at meltwater.com.

GlobeNewswire Distribution ID 9410126

March 25, 2025

MDS Global Secures Strategic Partnership with PlatformX Communications (PXC)

MDS Converged Monetisation Platform will power PXC’s ambitious goals

WARRINGTON, United Kingdom, March 25, 2025 (GLOBE NEWSWIRE) — MDS Global, a leading provider of Business Support Systems (BSS) for digital telcos, is delighted to announce a new strategic partnership with PlatformX Communications (PXC), the UK’s leading wholesale provider of connectivity, voice, cloud and security solutions. With this landmark agreement, MDS Global will continue to deliver its industry-leading Converged Monetisation Platform (CMP) as a fully outsourced end-to-end monetisation service to power PXC’s ambitious digital transformation and innovation goals.

Under this partnership, MDS Global’s CMP will serve as the single strategic wholesale billing platform for PXC, supporting their plans to build a powerful altnet aggregation platform while simplifying PXC’s IT infrastructure and merging multiple BSS environments. The platform optimises PXC’s operations and brings process automation to reduce operational costs, power innovation and deliver digital customer experiences.

This partnership is a testament to MDS Global’s track record of delivering value and ensuring effective, trouble-free operations. PXC’s decision to extend this relationship, following a long partnership history, demonstrates their trust in MDS Global’s commitment to align with their strategy and help PXC achieve their ambitious goals.

Phil Haslam, Chief Technology Officer of PXC, said, “Our relationship with MDS Global spans over 2 decades and we are delighted to renew our agreement to further strengthen our partnership. The MDS Converged Monetisation Platform enables us to simplify our technology stack and drive innovation which has been critical in our journey to become the UK’s leading wholesale connectivity provider. We look forward to continuing our successful collaboration and achieving new milestones together.”

Phil Haslam, Chief Technology Officer, PXC

John Burton, CEO of MDS Global, commented, “We are delighted to extend our long-standing relationship with PXC. MDS Converged Monetisation Platform will not only simplify PXC’s IT architecture, but also drive innovation and efficiency, further underpinning PXC’s leading position in the UK wholesale telecoms market. This partnership highlights our commitment to work closely with our customers to deliver reliable solutions that power growth and digital transformation.”

John Burton, CEO, MDS Global

About PlatformX Communications (PXC)

PlatformX Communications (PXC) is the UK’s leading provider of innovative solutions for connectivity, voice, cloud and security underpinned by the UK’s most robust, secure, resilient and reliable network.

PXC is uniquely positioned with a scaled customer base and diversified fibre infrastructure partners, powered by a national network covering of more than 3,000 exchanges covering 98% of homes and businesses.

Born from the combination of TalkTalk’s wholesale services and national network business with Virtual1, PXC’s deep understanding of the issues facing players in the wholesale market equips it to uniquely support all types of businesses.

Visit: www.PXC.co.uk

About MDS Global

MDS Global powers digital telcos for revenue growth, customer delight, and cost reduction. We offer industry-leading Business Support Systems (BSS), including solutions for Monetisation, Customer Experience, eSIM and AI-powered Decision Intelligence designed for B2B, B2C, B2B2X, and IoT business models.

From successful MVNOs like iD Mobile to Tier-1 operators like BT, our highly scalable, cloud-based solutions power MVNOs, MVNEs, Network Operators, and Wholesale Providers across mobile, fixed, and converged services.

Originally a B2B MVNO, we bring 35+ years of billing excellence. Our friendly, international teams are committed to long-term, collaborative partnerships helping our customers succeed. MDS Global is a Lumine Group company (TSXV:LMN)

Visit mdsglobal.com and follow us on linkedin.com/company/mdsglobal.

Contact for more information

Corine Suscens
Head of Global Marketing
[email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/6fa94b87-7250-4c03-9be7-25e33ce798c8

https://www.globenewswire.com/NewsRoom/AttachmentNg/9efca876-29d9-4ac7-99bd-f703d62b148b

GlobeNewswire Distribution ID 1001075902