Pakistan – Page 71 – Daily Balochistan Times

February 17, 2025

Bitget Launches Global Graduate Program to Cultivate the Next Generation of Web3 Talent

VICTORIA, Seychelles, Feb. 17, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, announced the launch of its first Bitget Graduate Program, an initiative designed to recruit and cultivate the next generation of blockchain and Web3 talent from top global universities. As part of Bitget’s Blockchain4Youth Corporate Social Responsibility (CSR) initiative, this program aligns with the company’s plans of driving education, innovation, and long-term growth in the blockchain industry.

The Bitget Graduate Program seeks outstanding graduates with a global mindset, a passion for innovation, and a strong drive to explore the future of Web3. The program provides career opportunities across various fields, including operations, product management, marketing, risk & compliance, data management, and engineering, enabling participants to gain hands-on experience in one of the fastest-growing sectors.

Applications are now open on the Bitget official website and will remain available until March 15, 2025. Successful candidates will receive offer letters to join Bitget, with the earliest start date being April 1. Through this program, Bitget plans to hire around 30 exceptional graduates, offering them a structured development program, cross-functional training, and direct mentorship from industry experts. Participants will have the opportunity to work on cutting-edge blockchain projects and contribute to expanding Web3 applications.

“At Bitget, we believe the future of Web3 lies in the hands of the next generation,” said Vugar Usi Zade, Chief Operating Officer at Bitget. “The Graduate Program is designed to bridge the gap between ambition and opportunity, providing young professionals with a direct pathway to immerse themselves in the blockchain industry. As Web3 adoption accelerates, we are committed to equipping future leaders with the skills and experiences they need to shape the decentralized world.”

Bitget offers a dynamic and diverse workplace, with over 1,800 employees from over 60 countries and a culture that values efficiency, innovation, and collaboration. The program offers competitive compensation, clear career development pathways, and growth opportunities within Bitget.

Launched in May 2023, Blockchain4Youth aligns with Bitget’s commitment to inspiring the next generation to embrace blockchain. With a $10 million pledge over five years, the initiative offers courses, hackathons, and scholarships. By the end of 2024, Bitget had entered over 60 universities, including Massachusetts Institute of Technology (MIT), University College London (UCL), Hong Kong University of Science and Technology, National Technological University of Argentina, National Taiwan University, and RMIT University, hosting nearly 100 talks and reaching over 13,000 students.

For more details on the Bitget Graduate Program and application process, visit this link.

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 market, 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 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b8e4841-98ea-487c-b176-1a3359695920

GlobeNewswire Distribution ID 1001048853

February 14, 2025

Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans

VICTORIA, Seychelles, Feb. 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services. This aligns with Bitget’s broader plans of obtaining EU’s Markets in Crypto-Assets (MiCA) license, which will boost its foothold in the region.

The VASP license in Bulgaria aligns with Bitget’s strategic expansion across the European Union. The company is actively preparing for compliance with the EU’s MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.

“The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,” said Hon Ng, Chief Legal Officer at Bitget. “As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.”

Ng added, “In 2025, we are excited to continue to grow Bitget’s global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide.”

Bitget views regulatory compliance as an integral part of its future success, which is evident through its acquisition of approvals in key markets such as Poland, Italy, Lithuania, UK and now Bulgaria.

The VASP license in Bulgaria grants Bitget the regulatory approval to offer a wide array of services to cater to the needs of digital asset users in the region. These services include the exchange of crypto assets, enabling seamless conversion between crypto and fiat; trading and transfer of crypto assets, facilitating efficient and secure transactions; and custody services, providing a strong framework for safeguarding user assets. Additionally, the license permits the public offering of crypto assets, supporting the scope for innovative token launches and opportunities.

In the last three months alone, Bitget has put forth major licensing and expansion updates. It has secured a BSP license in El Salvador, approval in the UK to provide digital asset services, and has powered a compliant Vietnam-based exchange BitEXC. Recently, Forbes has ranked Bitget as one of the world’s most trustworthy exchanges and with Bulgaria’s VASP license, Bitget continues to make significant progress in this area. The company plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.

About Bitget

For media inquiries, please contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3dafce49-6bd9-4e83-9453-e5503f7b4596

GlobeNewswire Distribution ID 1001048549

February 13, 2025

Bitget’s Protection Fund Average Hits $648M in January 2025

VICTORIA, Seychelles, Feb. 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced that its Protection Fund achieved a valuation of $648 million in January 2025, reflecting sustained growth and stability in the crypto market. The fund, designed to provide financial security for users during volatile market conditions, continues to demonstrate its resilience and importance as Bitcoin and other digital assets experience significant price movements.

In January 2025, Bitget’s Protection Fund reached a peak valuation of $690 million, maintaining its upward trajectory as Bitcoin traded within a range of $87,000 to $105,000. Throughout January, the Protection Fund maintained an average valuation of approximately $648 million, playing its vital role as a reliable safeguard for user assets amid fluctuating market conditions.

“The consistent growth of our Protection Fund aligns with our focus on advancing security and building user trust,” said Gracy Chen, CEO of Bitget. “As the crypto market evolves, we remain committed to providing a secure and transparent environment for our users, enabling them to navigate the market with confidence.”

Bitget’s Protection Fund Average Hits $648M in January 2025

Bitget's Protection Fund Average Hits $648M in January 2025

Bitget’s Protection Fund Average Hits $648M in January 2025

Launched in 2022 with an initial commitment of $300 million, the Protection Fund has grown steadily, offering users enhanced security during periods of market volatility. This latest valuation reflects Bitget’s robust risk management framework, which ensures the fund remains well-capitalized to protect user assets even during heightened market activity. The fund’s performance in January aligns with broader market trends, including increased institutional interest and regulatory developments that continue to shape the crypto landscape.

In addition to the Protection Fund, Bitget’s Proof of Reserves maintains a 1:1 reserve ratio, further reinforcing transparency and trust. Recently Bitget was announced on the list of top trusted crypto platforms by Forbes. These initiatives collectively position Bitget as a leading exchange that prioritizes user security and confidence in an ever-changing market environment.

For detailed Protection Fund and Proof of Reserves reports, visit here.

About Bitget

Established in 2018, Bitget is a leading cryptocurrency exchange and Web3 company, serving over 100 million users across 150+ countries and regions. The Bitget exchange is dedicated to empowering users with innovative trading solutions, including its pioneering copy trading feature, while providing 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 offering comprehensive Web3 solutions, including wallet functionality, token swaps, an NFT marketplace, and a DApp browser.

Bitget continues to drive crypto adoption through strategic partnerships, including its role as the Official Crypto Partner of LALIGA in the EASTERN, SEA, and LATAM markets, as well as its collaboration with Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team). These partnerships aim to inspire global communities to embrace the future of cryptocurrency.

For more information, visit:

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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d2b64ea6-fbca-44ae-9700-7e5940d7e572

https://www.globenewswire.com/NewsRoom/AttachmentNg/57c8be45-47b5-4832-a5b8-4a0be2096c4e

GlobeNewswire Distribution ID 1001048362

February 13, 2025

FIA PRESIDENT ADDRESSES UNITED NATIONS IN GENEVA CALLING FOR ACTION AROUND INLAND TRANSPORT AND MOBILITY

Geneva, Feb. 13, 2025 (GLOBE NEWSWIRE) — FIA PRESIDENT ADDRESSES UNITED NATIONS IN GENEVA CALLING FOR ACTION AROUND INLAND TRANSPORT AND MOBILITY

Mohammed Ben Sulayem, FIA President, addressed the UN Inland Transport Committee as an integral part of its 87^th Session: Success and Challenges for Inland Transport in the Road to 2030
Ben Sulayem called on delegates and global leaders to continue their efforts and increase international cooperation efforts
The Session marked the mid-point of the ITC 2030 Strategy

Speaking at the Palais de Nations in Geneva, the Fédération Internationale de l’Automobile (FIA) President, Mohammed Ben Sulayem, addressed the United Nations Economic Commission for Europe (UNECE) Inland Transport Committee (ITC) during its 87^th Session.

The Session, Success and Challenges for Inland Transport in the Road to 2030, marks the mid-point of the ITC 2030 Strategy and provides the opportunity to review the implementation of the Strategy to date, while discussing the ambitions, successes, and challenges on the path to achieving the strategic objectives.

The ITC Strategy until 2030 is focused around four pillars, whilst also stipulating road safety as a special priority:

Development of regional and global inland transport conventions
Support to new technologies and innovations
Support to regional, interregional, and global inland transport policy dialogues
Promotion of sustainable regional and interregional inland transport connectivity and mobility

Addressing the Ministerial Session, Ben Sulayem called for action, urging the delegates in attendance to continue their work in making cross-border travel smoother, customs clearance faster, and hazardous goods transport safer.

Calling on global leaders to bolster international cooperation efforts, he said: “We much accelerate implementation, strengthen enforcement, and deepen public-private partnerships. Connectivity must not be a privilege – it must be a right.”

Setting out the clear priorities, Ben Sulayem asked the Session to focus their attention on:

Digitalisation of transport procedures: The full implementation of eTIR and eCPD to cut delays and lessen administrative burdens via innovative technological solutions
Investment in sustainable infrastructure and fuels: With climate-related risks projected to reach $122 billion, transport corridors must align with decarbonisation goals
Stronger public-private partnerships: Leveraging expertise from international organisations and industry leaders, uniting in shared knowledge and continuing the momentum created by the near 1,800 partnerships – many in transport – that are already in place in Europe with a worth of $336 billion

Concluding his address, the FIA President said: “I have dedicated decades to advancing sustainable and connected mobility, and I know what is possible when we turn agreements into actions – and action into lasting change. Now is the time to deliver.”

The ITC is the UN platform to help efficiently address global and regional needs in inland transport. Over the last 75 years, together with its subsidiary bodies, the ITC has provided an intergovernmental forum, where UNECE and United Nations Member States come together to forge tools for economic cooperation and negotiate and adopt international legal instruments on inland transport.

The UNECE is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council and was established to promote economic cooperation and integration.

About Fédération Internationale de l’Automobile (FIA)

The Fédération Internationale de l’Automobile (FIA) is the governing body for world motorsport and the federation of the world’s leading motoring and mobility organisations.

Founded in 1904, with headquarters in Paris and Geneva, the FIA is a non-profit organisation. It brings together 245 motoring and motor sport club members from 149 countries across five continents. Its Member Clubs represent millions of motorists, mobility users and motor sport professionals and volunteers.

The FIA is a central player in upholding the principles of safety and freedom of mobility and defending mobility’s role as an enabler of sustainable development, with actions focused on three key levers.

Advocating for the reduction of barriers preventing road users from making more sustainable and safe transport choices
Raising awareness and providing data for consumers and policymakers to encourage environmentally responsible behaviour
Accelerating energy efficiency and low-emission technologies

In motor sport, it administers the rules and regulations for all international four-wheel sport, including across all 7 FIA World Championships, to ensure fair, capably regulated and safe events are conducted in all corners of the globe. In the realm of Mobility, the FIA aims to ensure that safe, affordable and clean systems of transport are available to all.

Attachments

FIA
[email protected]

GlobeNewswire Distribution ID 9357928

February 13, 2025

1401 Penn Project Receives Repayment

WASHINGTON, Feb. 13, 2025 (GLOBE NEWSWIRE) — EB5 Capital, a leading Regional Center operator in the EB-5 industry, announced today that it has received a partial $12.38 million repayment from the recapitalization of the 1401 Penn (JF20) project.

The remaining $4.62 million balance of the $17.0 million EB-5 investment will remain invested in the project alongside a new senior lender and preferred equity provider.

Completed in July 2020, JF20 is a mixed-use development featuring a seven-story, 167-unit apartment community and over 20,000 square feet of ground-floor retail in Washington, D.C.’s historic Capitol Hill neighborhood. On the ground floor of the property is The Roost, a 12,500 square foot food hall operated by Neighborhood Restaurant Group featuring 12 individual food and beverage concepts. The dynamic food hall has received critical acclaim and is quickly becoming a premier destination on Capitol Hill.

“The repayment of an EB-5 investment by a developer is an important moment in our business cycle,” said Brian Ostar, President of EB5 Capital. “We take great pride in the level of scrutiny potential deals go through. The return of funds reaffirms our investment due diligence process and highlights our team’s ability to identify viable EB-5 investment opportunities for our investors.”

This repayment marks the 18th EB5 Capital project where the company can begin returning funds to investors.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1.3 billion of foreign capital across approximately 45 EB-5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
[email protected]

GlobeNewswire Distribution ID 9357652

February 12, 2025

Boulder Imaging Powers First CDI2-Compliant Technology for Central Banks

LOUISVILLE, Colo., Feb. 12, 2025 (GLOBE NEWSWIRE) — Boulder Imaging, a leader in machine vision and artificial intelligence solutions, is proud to announce the world’s first Common Detector Interface 2 (CDI2)-compliant software. This pioneering software, combined with Authentix GemVision sensors and image processing and fitness algorithms, is designed to deliver unprecedented speed and accuracy in banknote authentication and quality assessment.

The Common Detector Interface 2 (CDI2) standard, developed by the U.S. Federal Reserve and the European Central Bank, represents a significant advancement for central banks globally. This high-tech solution standardizes banknote inspection, reduces currency waste, optimizes quality, and lowers environmental impact by increasing the lifespan of notes in circulation.

Not only does Boulder Imaging’s software comply with the CDI2 standard, but it also exceeds the requirements in many areas. The software assesses the quality of each banknote at a rate of 40 notes per second—or more than 140,000 notes per hour—with an accuracy rate exceeding 99.99%. This commitment to excellence is validated by the company’s Intergraf certification, which ensures compliance with the highest international standards for the banknote and security industry.

“Through Boulder Imaging’s leadership, CDI2 has transitioned from a technical specification to an operational reality, increasing yield and reducing costs for central banks,” said Don Mills, president and chief operating officer at Boulder Imaging. “We remain committed to delivering innovative tools that ensure speed, accuracy, and scalability for years to come.”

The industry-wide adoption of CDI2 is expected to revolutionize currency management, enabling central banks to select the most suitable detection technologies from multiple suppliers. As the banknote industry embraces this new standard, Boulder Imaging is well-positioned to provide flexible and customizable solutions, allowing central banks to optimize their banknote management processes and accommodate future security features and materials for next-generation banknotes.

Learn more at www.boulderimaging.com/banknote

About Boulder Imaging

Founded in 1995, Boulder Imaging develops and delivers innovative machine vision and artificial intelligence solutions that transform quality assurance. With unprecedented speed, accuracy, and scalability, its inspection systems solve the toughest challenges in industries including architectural products, automotive, renewable energy, security paper, and banknotes. Headquartered in Colorado, USA, Boulder Imaging is committed to advancing machine vision technology to address complex inspection needs worldwide. For more information, visit www.boulderimaging.com.

About Authentix
As the authority in authentication solutions, Authentix brings enhanced visibility and traceability to today’s complex global supply chains. For over 25 years, Authentix has provided clients with physical and software-enabled solutions to detect, mitigate, and prevent counterfeiting and other illicit trading activity for currency, excise taxable goods, and branded consumer products. The CDI2 sensors are the fifth generation of high-speed sensors that Authentix has sold to central banks. Through a proven partnership model and sector expertise, clients experience custom solution design, rapid implementation, consumer engagement, and complete program management to ensure product safety, revenue protection, and consumer trust for the best-known global brands on the market. Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, Asia, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

CONTACT INFORMATION
Tawney Eisenbraun
Marketing and Communications Manager
[email protected]

GlobeNewswire Distribution ID 9356664