Category: PRESS RELEASES

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

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

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 more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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/3dafce49-6bd9-4e83-9453-e5503f7b4596

GlobeNewswire Distribution ID 1001048549

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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
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:

Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

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Preqin launches Allocator Hub for private market investors

Market-first, end-to-end solution to radically accelerate asset allocation, manager selection, due diligence, and portfolio management

LONDON, Feb. 13, 2025 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, today announced the launch of the Allocator Hub, a market-first, end-to-end platform that enables asset allocation, manager selection, due diligence, and portfolio management through sophisticated investment analytics, workflow tools, and managed services. This innovative offering is designed to support investors by driving better investment outcomes and streamlining costly, time-consuming investment processes.

Jonathon Furer, Senior Vice President, Head of Limited Partners, at Preqin said, ‘We believe the alternatives markets are at an inflection point. Our research indicates the industry is on course to expand by almost 80 per cent and is set to exceed $30tn in assets under management by 2030 globally, up from $16.8tn at the end of 2023.* Yet, these markets have historically lacked standardized data, benchmarks, and analytics, combined with highly manual investment processes, resulting in high operating costs. Preqin is on a mission to modernize private markets through increased digitization and by enabling intelligent pre- and post-investment processes. The Allocator Hub brings together our clients’ data with Preqin’s market data and benchmarks through investment analytics and managed services.’

Private markets need better data and technology solutions to optimize scalability and investor outcomes

Preqin’s launch of the Allocator Hub comes at a time when institutional alternatives allocations are projected to steadily grow over the long term, with an expanding investor base across institutional and retail investors worldwide. However, there remains a wide ‘transparency gap,’ with private market data typified by the absence of standardized frameworks and having additional barriers to entry compared to public markets.

As a result, operating an effective private markets program requires a high degree of expertise, headcount, and a web of third-party consultants and vendors. For smaller investors, building a portfolio with diligence can be daunting and expensive. For those that are larger and more established, operating an investment program at scale, while controlling total cost of ownership and maximizing analytical rigor and investment returns, can be a concern.

The Allocator Hub addresses these challenges by putting actionable data and analytics in clients’ hands, while digitizing inefficient, often manual, investment processes. This solution from Preqin allows investment professionals to accelerate market mapping, conduct efficient and thorough investment due diligence, benchmark fund performance against the market, create custom indices for more precise asset allocation and risk management workflows, and more.

Available through the flagship platform, Preqin Pro, the Allocator Hub leverages the full breadth of Preqin’s market intelligence, surfacing the right data, at the right time, and in the right format to deliver actionable insights and optimal outcomes.

The Allocator Hub fits into Preqin’s ethos of empowering the global finance community. Every solution is created to make investing in alternative assets a seamless, data-driven process by providing comprehensive and actionable market data, research, and analytics.

For more information, contact Mimi Celeste Taylor at [email protected]

Notes to the editors

* According to Preqin’s Future of Alternatives 2029 report.

To learn more about Allocator Hub, click here for the brochure. To request a demo, click here.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1001047825

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Preqin launches Allocator Hub for private market investors

Market-first, end-to-end solution to radically accelerate asset allocation, manager selection, due diligence, and portfolio management

LONDON, Feb. 13, 2025 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, today announced the launch of the Allocator Hub, a market-first, end-to-end platform that enables asset allocation, manager selection, due diligence, and portfolio management through sophisticated investment analytics, workflow tools, and managed services. This innovative offering is designed to support investors by driving better investment outcomes and streamlining costly, time-consuming investment processes.

Jonathon Furer, Senior Vice President, Head of Limited Partners, at Preqin said, ‘We believe the alternatives markets are at an inflection point. Our research indicates the industry is on course to expand by almost 80 per cent and is set to exceed $30tn in assets under management by 2030 globally, up from $16.8tn at the end of 2023.* Yet, these markets have historically lacked standardized data, benchmarks, and analytics, combined with highly manual investment processes, resulting in high operating costs. Preqin is on a mission to modernize private markets through increased digitization and by enabling intelligent pre- and post-investment processes. The Allocator Hub brings together our clients’ data with Preqin’s market data and benchmarks through investment analytics and managed services.’

Private markets need better data and technology solutions to optimize scalability and investor outcomes

Preqin’s launch of the Allocator Hub comes at a time when institutional alternatives allocations are projected to steadily grow over the long term, with an expanding investor base across institutional and retail investors worldwide. However, there remains a wide ‘transparency gap,’ with private market data typified by the absence of standardized frameworks and having additional barriers to entry compared to public markets.

As a result, operating an effective private markets program requires a high degree of expertise, headcount, and a web of third-party consultants and vendors. For smaller investors, building a portfolio with diligence can be daunting and expensive. For those that are larger and more established, operating an investment program at scale, while controlling total cost of ownership and maximizing analytical rigor and investment returns, can be a concern.

The Allocator Hub addresses these challenges by putting actionable data and analytics in clients’ hands, while digitizing inefficient, often manual, investment processes. This solution from Preqin allows investment professionals to accelerate market mapping, conduct efficient and thorough investment due diligence, benchmark fund performance against the market, create custom indices for more precise asset allocation and risk management workflows, and more.

Available through the flagship platform, Preqin Pro, the Allocator Hub leverages the full breadth of Preqin’s market intelligence, surfacing the right data, at the right time, and in the right format to deliver actionable insights and optimal outcomes.

The Allocator Hub fits into Preqin’s ethos of empowering the global finance community. Every solution is created to make investing in alternative assets a seamless, data-driven process by providing comprehensive and actionable market data, research, and analytics.

For more information, contact Mimi Celeste Taylor at [email protected]

Notes to the editors

* According to Preqin’s Future of Alternatives 2029 report.

To learn more about Allocator Hub, click here for the brochure. To request a demo, click here.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1001047825

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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 87th 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 87th 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:

  1. Digitalisation of transport procedures: The full implementation of eTIR and eCPD to cut delays and lessen administrative burdens via innovative technological solutions
  2. Investment in sustainable infrastructure and fuels: With climate-related risks projected to reach $122 billion, transport corridors must align with decarbonisation goals
  3. 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.

  1. Advocating for the reduction of barriers preventing road users from making more sustainable and safe transport choices
  2. Raising awareness and providing data for consumers and policymakers to encourage environmentally responsible behaviour
  3. 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

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‫شركة X0PA AI تطلق مجموعة Agentic AI Suite الثورية لاستقطاب المواهب

سنغافورة – 13 فبراير 2025 – أعلنت اليوم شركة X0PA AI، وهي شركة رائدة في مجال استقطاب المواهب المدعومة بالذكاء الاصطناعي، عن إطلاق مجموعة Agentic AI Suite الرائدة، والتي تتميز بما لديها من وكلاء متقدمين مدعومين بالذكاء الاصطناعي ومصممين لتحويل مشهد التوظيف. يقدم الإصدار الأولي اثنين من وكلاء الذكاء الاصطناعي القويين، أليكس وكيت، مما يمثل علامة فارقة مهمة في أتمتة التوظيف والمعلومات.تعرف على الوكلاء:

أليكس – وكيل خبير في الفرز مدعوم بالذكاء الاصطناعي، يعمل على إحداث ثورة في تقييم المرشحين بدقة غير مسبوقة. يتولى أليكس أتمتة عملية الفرز وتبسيطها من خلال تحليل نقاط بيانات متعددة لتقييم المهارات والخبرات ومدى الملاءمة الثقافية، مما يضمن تقدم المرشحين الأكثر ملاءمة فقط في عملية التوظيف.

كيت – وكيل متخصص في تحليلات التوظيف، يقدم رؤى فورية تعتمد على البيانات لاتخاذ قرارات توظيف استراتيجية. تحول كيت بيانات التوظيف المعقدة إلى معلومات قابلة للتنفيذ، مما يمكّن فرق الموارد البشرية من تحسين استراتيجياتهم للتوظيف وتعزيز نتائج التوظيف من خلال التحليلات التنبؤية وتحليل الاتجاهات.

قالت نينا ألاغ سوري، المؤسس والرئيس التنفيذي لشركة X0PA AI “مع تزايد أهمية توظيف أفضل المواهب المناسبة للشركة، فإن التوظيف الدقيق الخالي من التحيز والمدعوم بالذكاء الاصطناعي هو المفتاح للبقاء في المقدمة حيث إن مجموعة Agentic AI Suite الخاصة بنا تعمل على إحداث ثورة في رحلة التوظيف، وتمكين الشركات من العثور على أفضل المواهب وإشراكها وتأمينها دون عناء مع ضمان اتخاذ القرارات المدعومة بالبيانات”.

ترسخت مكانة X0PA AI كشركة رائدة في الصناعة عن طريق:

  • براءات اختراع وعلامات تجارية متعددة في تكنولوجيا الذكاء الاصطناعي
  • تحقيق شهادة AI VERIFY، وهي المعيار الذهبي للذكاء الاصطناعي الأخلاقي والمسؤول والقابل للتفسير
  • امتلاك سجل حافل بالتطبيقات الناجحة عبر المؤسسات والأوساط الأكاديمية والمنظمات الحكومية
  • الابتكار المستمر في حلول التوظيف المدعومة بالذكاء الاصطناعي

أُنشئت مجموعة Agentic AI Suite على مبادئ الذكاء الاصطناعي المسؤولة والقابلة للتفسير، مما يضمن العدالة والشفافية طوال عملية التوظيف. وقد تم التحقق من صحة هذا الالتزام بممارسات الذكاء الاصطناعي الأخلاقية عن طريق شهادة AI VERIFY من X0PA AI، مما يدل على تفاني الشركة في الابتكار المسؤول.

أوضح سري هارشا ألامراجو، كبير مسؤولي التكنولوجيا في X0PA AI قائلاً “نحن في X0PA نبحث دائمًا عن أي تقنية يمكنها تعزيز قدرة القائمين على التوظيف في عملية اكتساب المواهب، ويحقق إطلاق مجموعة Agentic AI Suite ذلك التوازن بشكل مثالي”.

التوسع المستقبلي: يمثل هذا الإطلاق مجرد بداية لرؤية X0PA AI للتوظيف الذكي. وتعمل الشركة على تطوير وكلاء متخصصين إضافيين يركزون على:

  • تحسين مشاركة المرشحين
  • إدارة عملية استقطاب المواهب
  • ذكاء المقابلات
  • التخطيط الاستراتيجي للقوى العاملة

وسيجري تصميم كل وكيل جديد لتعزيز جوانب معينة من اكتساب المواهب، مما يجعل التوظيف أسرع وأذكى وأكثر استراتيجية من أي وقت مضى.