Tether Reports Surge in Assets and Operational Profits Amidst Growing Crypto Market
Tether, the leading stablecoin, attains unprecedented success with its assets skyrocketing to $86.5 billion in Q2 2023, accompanied by a remarkable operational profit of over $1 billion, representing a significant 30% quarterly surge. 31 July 2023 – Tether, the world’s largest stablecoin, reported a significant increase in its assets, reaching $86.5 billion in the second quarter of 2023. The company also disclosed making...
Indonesia Launches First Crypto Assets Futures Exchange to Instill Confidence and Investor Protection
Indonesia pioneers its Crypto Assets Futures Exchange, bolstering investor confidence and cementing its position as a regulated and secure hub for crypto asset trading. The initiative aims to revolutionize the nation’s crypto landscape and foster a thriving digital trading ecosystem. 31 July 2023 – Indonesia’s Trade Ministry and the Commodities Futures Trading Regulatory Agency (Bappebti) have jointly unveiled the...
Government Announces RM1 Billion Fund to Boost Local Start-Ups and Technopreneurs
The Malaysian government announces a RM1 billion fund to empower local start-ups and technopreneurs, fostering innovation and embracing technological advancements to drive growth and establish Malaysia as an innovation hub on the global stage. 31 July 2023 – The Malaysian government has unveiled a significant boost for local start-ups and technopreneurs with the allocation of an additional RM1 billion fund. The move comes as the...
XOX Bhd and VMR Three Partner with Ministry of Higher Education to Launch MYSISWA Digital Learning Ecosystem for IPTA Students Nationwide
XOX Bhd and VMR Three have partnered with the Ministry of Higher Education to launch MYSISWA, a comprehensive digital learning ecosystem for students at IPTA nationwide, offering telecommunication services, e-commerce, smart vending machines, an e-wallet feature, and an entrepreneur development program. The collaboration seeks to enhance the students’ learning lifestyle, offering convenience, rewards, and opportunities for...
Visa Reports Strong Card-Spending Growth in Q3 as Travel Demand Persists
Visa reported a robust 9% growth in card-spending volume, reaching US$3.17 trillion in the last quarter, surpassing Wall Street’s expectations. The surge was driven by strong consumer demand for travel and dining out, indicating a positive outlook for the industry despite concerns about interest rate hikes. 27 July 2023 – Visa Inc. reported robust card-spending growth in the fiscal third quarter, surpassing Wall...
Unleashing the Power of AI: Alibaba Cloud Upgrades AnalyticDB for Seamless Customized Applications
Alibaba Cloud introduces an advanced AnalyticDB vector engine that simplifies access to large language models (LLMs) for enterprises, facilitating the development of customized generative AI applications. The cloud provider also launches ApsaraDB HTAP, a powerful solution combining PolarDB and AnalyticDB, to offer unified data management and analysis capabilities, empowering international customers with efficient and cost-effective...
TerraPay and Safaricom Partner to Enable Cross-Border Payments in Southeast Asia
TerraPay and Safaricom have partnered to create a financially inclusive payments ecosystem, allowing for seamless cross-border payments in Southeast Asia. This collaboration will empower users with secure and swift payment options, fostering financial empowerment and independence in the region. TerraPay, a leading global payments infrastructure company, has joined forces with Safaricom, a prominent Kenya-based telecommunications, IT,...
Qashier Unveils Revolutionary QashierX2 Smart POS Terminal to Empower SMEs
Qashier, the fintech startup, introduces the QashierX2 smart POS terminal, an innovative all-in-one solution empowering SMEs with seamless payment acceptance and streamlined operations, consolidating various digital payment options and essential business functionalities in a single device. 27 July 2023 – Singapore-based fintech startup, Qashier, has introduced its latest innovation, the QashierX2, an advanced smart point-of-sale...
Fortifying Digital Lives: Kaspersky Unveils Enhanced Cybersecurity Portfolio for Malaysia Users
Kaspersky introduces an advanced consumer protection portfolio for Malaysia, featuring enhanced security, privacy, performance, and identity features to tackle the increasing cyber threats faced by users. The new range of products ensures comprehensive protection and a seamless user experience across various platforms. 27 July 2023 – Kaspersky, a globally recognized leader in cybersecurity solutions, has taken a significant step...
Rising Tide of Ransomware Hits Education Sector: Sophos Report Unveils Alarming Cybersecurity Trends
The education sector witnessed a concerning surge in ransomware attacks, with 79% of higher educational organizations and 80% of lower educational organizations experiencing incidents in 2022, according to Sophos’ “The State of Ransomware in Education 2023” report. Paying the ransom resulted in higher recovery costs and longer downtime, prompting the cybersecurity firm to recommend bolstering defensive shields and...
