Abaxx Hosts China City Gas Delegation In Singapore To Strengthen Regional Energy Ties

KUALA LUMPUR, Aug 28 (Bernama) -- Abaxx Technologies Inc, a financial software and market infrastructure company, facilitated a high-level delegation from the China City Gas Association (CCGA) to Singapore on Aug 26 and 27.

The delegation engaged with Enterprise Singapore and the Asia Natural Gas & Energy Association (ANGEA) to explore opportunities for cross-border cooperation in the natural gas and energy sectors.

The discussions centred on sustainability and innovation, with a focus on carbon-neutral liquefied natural gas (LNG), biogas integration, and resilient energy market development.

“The growing demand for cleaner energy solutions presents a complex set of challenges for markets across Asia.

“By facilitating this delegation, we are helping connect key stakeholders and identify practical pathways to enhance market efficiency,” said Abaxx Exchange Chief Executive Officer (CEO), Nancy Seah in a statement.

Enterprise Singapore Director of Trade, Ivan Tan said Singapore’s position as Asia’s energy trading hub has attracted companies from the United States, Europe and China to set up trading operations in the republic.

Meanwhile, ANGEA CEO, Paul Everingham said the association was delighted to support the visit, noting that gas plays a vital role in China’s urban energy transition.

CCGA Deputy Secretary General, Ma Changcheng noted that Singapore’s strengths in LNG and financial markets provide valuable insights for China’s gas sector modernisation, adding: “We anticipate concrete synergies from this exchange.”

Representing China’s leading city gas distributors, the CCGA delegation met with Singapore policymakers and industry leaders to align on strengthening regional energy market infrastructure and leveraging Singapore’s trading ecosystem.

Other areas of discussion included knowledge-sharing and potential partnerships in LNG infrastructure, decarbonisation technologies, and exploring Abaxx Exchange’s solutions for risk management and price discovery in the LNG market.

-- BERNAMA

Boyd Unveils Plug-And-Play Tool To Speed Up Liquid-Cooled Data Centre Deployment

 

KUALA LUMPUR, Aug 28 (Bernama) -- Boyd has introduced a new thermal testing tool, the Rack Emulator, aimed at enabling safer and more efficient deployment of liquid-cooled data centres, particularly for artificial intelligence (AI) infrastructure.

In a statement, the company said the Rack Emulator is designed to simulate the pressure drop and heat dissipation of a rack while using automation to test coolant distribution units (CDUs) and facility cooling systems.

The tool validates thermal performance before connection to data centre information technology (IT) equipment, ensuring efficient and safe operation during start-up without risk of damage.

“Boyd’s new Rack Emulator will help our end clients reliably and safely validate thermal performance and safeguard their IT equipment,” said Boyd President, Thermal Solutions Division, David Huang.

Boyd’s Rack Emulator is programmable and flexible, capable of simulating any rack by connecting to the liquid cooling system and inputting capacity and pressure drop protocols.

Additionally, the emulator can test electrical inputs to the rack before the server is installed, further enhancing safety and reliability.

Functioning as a thermal load bank and simulator in a rack-sized package, the Rack Emulator fits conveniently within a data centre row, minimising space requirements and simplifying load bank testing. The tool is easy to ship, store, and operate, helping lower the total cost of ownership.

Available for order now, Boyd confirmed that shipments of the Rack Emulator will commence in September.

Boyd’s liquid cooling technologies, supported by a global service model, enable clients to meet thermal performance specifications through modular and easy-to-adopt designs, backed by decades of design and manufacturing expertise.

-- BERNAMA

THAILAND’S ALLIANZ AYUDHYA GENERAL INSURANCE RATINGS AFFIRMED EXCELLENT - AM BEST

KUALA LUMPUR, Aug 28 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Thailand’s Allianz Ayudhya General Insurance Public Company Limited (AAGI).

The outlook of these credit ratings (ratings) is stable, reflecting AAGI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

In addition, AAGI benefits from rating enhancement from Allianz SE (Allianz Group), reflecting the explicit and implicit support it receives from the group, according to AM Best in a statement.

AAGI’s solid balance sheet is supported by its very strong level of risk-adjusted capitalisation at year-end 2024, as measured by Best’s Capital Adequacy Ratio.

The company’s risk-adjusted capitalisation remains sensitive to the company’s ultimate capital distribution levels and earnings retention; however, it is expected to remain at least at the strong level over the medium term.

With the majority of its investments allocated to cash, deposits and high-quality bonds, AM Best views AAGI’s investment strategy as conservative, and it has a moderate reliance on reinsurance to support its underwriting capacity and manage its exposure to catastrophic events.

Operating performance dipped slightly in 2024 with a combined ratio of 101.1 per cent, compared with 96.7 per cent in 2023, primarily due to flood losses in northern Thailand and higher health claims, though this was partially offset by an improved motor insurance portfolio.

The company’s operating performance remained profitable in the first half of 2025, despite some impact from the Thailand earthquake in March. Its stable investment income, which is comprised of mainly interest income, continues to support overall profitability.

While AAGI holds a limited business profile, operating solely within Thailand, it is the country’s ninth largest general insurer, with a 3.7 per cent market share. The 2023 amalgamation with Aetna Health Insurance (Thailand) has bolstered its health insurance scale and diversified its portfolio.

-- BERNAMA

Bitget Brings the Bull to Bali at Coinfest Asia 2025

BALI, Indonesia, Aug 27 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has successfully concluded its participation at Coinfest Asia 2025, held at Nuanu Creative City, Bali, from 21 to 22 August. As one of the most anticipated gatherings on the Asian crypto calendar, Coinfest Asia brought together innovators, builders, and enthusiasts, with Bitget marking its presence with a series of engaging activities that spotlighted its community-driven spirit, product innovation, and global partnerships.

The celebrations kicked off on 20 August with a lighthearted padel game tournament at Paradise Padel Bali, bringing together partners and friends ahead of the main Coinfest agenda. On 22 August, Bitget and Bitget Wallet co-hosted the official Indonesia side event, 'Chill & Bull', which featured product sharing sessions from VIP managers, an introduction to Bitget’s AI-powered trading assistant GetAgent, and insights from Bitget Wallet’s team on their recent rebrand, 'Crypto for Everyone'.

Bitget and Bitget Wallet introduced exclusive branded merchandise line created specifically for Coinfest attendees, blending the companies’ signature branding with the spirit of the Bali event. Attendees also had the chance to catch sight of Bitget’s branded bike, highlighting the company’s global MotoGP partnership and reinforcing its presence at the intersection of sport, culture, and crypto.

The 'Chill & Bull' side event also featured a mini panel discussion titled Crypto Market Pulse: Regional Strategies & Global Outlook in a Shifting Landscape. Panelists shared their personal views on the shifting dynamics of the market, addressing questions from the audience and sparking open conversations about future opportunities in crypto and Web3.

Bitget’s vibrant engagement at Coinfest Asia reflects its continued investment in community engagement, education, and cultural connection, ensuring that its ecosystem extends far beyond trading into real-world experiences that resonate with both institutional and retail audiences alike.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is 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. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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

For media inquiries, please contact: media@bitget.com

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/c3508fa8-df83-4ff7-8e71-e0980638b47f

https://www.globenewswire.com/NewsRoom/AttachmentNg/c58068c1-0757-4fca-8661-84bdbbed1bf1

https://www.globenewswire.com/NewsRoom/AttachmentNg/42013e23-d450-4a15-8b21-9b7805f05bb2

https://www.globenewswire.com/NewsRoom/AttachmentNg/27825ce1-5b82-4939-ae5a-23df81017e8d

https://www.globenewswire.com/NewsRoom/AttachmentNg/d17fccf6-42ea-4cfe-bef8-ab05497c5482

https://www.globenewswire.com/NewsRoom/AttachmentNg/39528144-28a7-411e-83b1-690d33bfdcec

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

Bitget Releases August 2025 Proof of Reserves, Maintaining 188% Reserve Ratio

VICTORIA, Seychelles, Aug 27 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its August 2025 Proof of Reserves (PoR) report, reaffirming its commitment to transparency and user protection. The latest data shows that Bitget continues to hold reserves well above the industry standard, with a total reserve ratio of 188% across major assets.

As of August 22, 2025, Bitget holds 28,022.72 BTC in reserves against 7,681.36 BTC in user assets, reflecting a 365% reserve ratio. For USDT, the exchange safeguards 1,953,837,757.51 USDT compared to 1,933,428,717.47 USDT in user assets, ensuring a 101% reserve ratio. In terms of ETH, Bitget maintains 283,323.26 ETH in reserves against 141,470.62 ETH in user holdings, representing a 200% reserve ratio. Similarly, for USDC, the platform holds 172,087,642.62 USDC, double the 86,012,252.81 USDC in user assets, again demonstrating a 200% reserve ratio. Notably, Bitget’s USDC reserves grew 46% month-on-month, underscoring the exchange’s expanding asset strength and rising user confidence.

These figures reinforce Bitget’s position as one of the most transparent and secure platforms in the industry, as the exchange consistently maintains more than 100% of user deposits across all major assets. The company’s ongoing publication of PoR reports, verified using the Merkle Tree method, allows users to independently validate their account balances and confirm that their funds are fully backed at all times.

Gracy Chen, CEO of Bitget, said, "At Bitget, transparency and user protection are not just industry standards — they are our core commitments. Maintaining a 188% reserve ratio is part of our ongoing mission to provide a secure, trustworthy platform for our global users. We will continue to set the benchmark in safeguarding assets, giving every user the confidence to trade, invest, and build in Web3 knowing their funds are fully protected."

With the August update showing strong reserves across all major assets, Bitget continues to lead among centralized exchanges in publishing independent, verifiable, and surplus-backed Proof of Reserves.

To check the updated proof-of-reserves, please visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is 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. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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

For media inquiries, please contact: media@bitget.com

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/5c4d0efe-8940-4d82-87f5-4e2fe1ff08e1

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

HBKU TO HOST GLOBAL AI ETHICS CONFERENCE IN DOHA THIS SEPTEMBER

KUALA LUMPUR, Aug 26 (Bernama) -- Hamad Bin Khalifa University (HBKU) will host a landmark conference on artificial intelligence (AI) ethics, themed “The Convergence of Technology and Diverse Moral Traditions”, from Sept 28 to 29, at the Qatar National Convention Center (QNCC) in Doha.

The event is expected to gather leading academics, policymakers, industry experts and ethicists to discuss how AI is transforming societies and how globally diverse value systems should shape its responsible development and deployment.

In a statement, HBKU said the conference comes at a time when technological innovation is advancing faster than regulatory frameworks, underscoring the need for meaningful international action.

Socially disruptive technologies are increasingly impacting daily life. It is therefore crucial to establish ethical guidelines that safeguard cultural and human norms while supporting innovation.

The two-day programme will highlight six thematic areas – healthcare, urban design, security, education, finance and the future of the workplace.

The discussions aim to advance cohesive international standards that help mitigate institutional risks and protect individuals and communities potentially affected by the rapid growth of AI.

The university stressed the importance of cross-sector and cross-disciplinary collaboration to ensure that AI progresses in ways that reflect collective responsibility and diverse global moral frameworks.

Notable speakers include experts from Microsoft, MIT, the Alan Turing Institute, Smart Cities Council, and leading universities such as Peking University, the University of Vienna, and Northwestern University.

The conference promises to be a catalyst for setting ethical guardrails in AI’s global trajectory—aligned with human dignity, equity, and cultural nuance.

-- BERNAMA

Duck Creek Powers India’s First Cloud-Native Health Insurance Platform With HDFC ERGO

KUALA LUMPUR, Aug 21 (Bernama) -- Duck Creek Technologies, a global leader in core systems for the insurance industry, has enabled HDFC ERGO General Insurance (HDFC ERGO) to become India’s first insurer to launch a health insurance line using a cloud-native software as a service (SaaS) platform.

This achievement establishes a new standard for the delivery of health protection and policyholder outcomes in the region.

“The launch of the health line of business, with the support of HDFC ERGO General Insurance, is a significant milestone for Duck Creek in India and the region,” said Duck Creek Technologies Managing Director APAC, Christian Erickson in a statement.

Erickson said it demonstrates the power of the company’s solutions to help insurers innovate faster, smarter, and more efficiently.

Meanwhile, HDFC ERGO President and Chief Technology Officer, Sriram Naganathan said the partnership aims to make health insurance more accessible, affordable and convenient, supporting India’s growing healthcare protection needs.

He added the adoption of Duck Creek’s platform has improved straight-through processing, enabling seamless issuance of policies, including for customers with pre-existing conditions.

Already using Duck Creek’s SaaS policy, billing, rating and insights solutions for commercial fire coverage, HDFC ERGO co-developed the health insurance line for distribution across agency, broker, bancassurance, direct and digital channels.

The design and implementation of the new line, to India’s specific market requirements, only took eight months thanks to the unique capabilities of Duck Creek’s solutions, including Product Factory architecture, low-/no-code configuration and open application programming interfaces (APIs).

-- BERNAMA

Best’s Market Segment Report: A Two-Way Street for Reinsurance Diversification in Asia

KUALA LUMPUR, Aug 21 (Bernama) -- Asia’s reinsurers are actively expanding to mature overseas markets as part of a move to diversify and be more agile with underwriting cycle management, according to a new AM Best report.

AM Best senior director, Christie Lee in a statement said Asia-Pacific (APAC) reinsurers are following a similar strategy, significantly expanding abroad.

Lee added that major North Asian reinsurers, particularly those from China, Japan, and South Korea, are increasingly expanding overseas to sustain growth and diversify risk amid slowing domestic momentum and demographic pressures.

AM Best views the move to diversify as credit positive. The report also notes that the majority of reinsurers within AM Best’s Asia Reinsurance Composite posted higher levels of net income in 2024, with China’s reinsurers experiencing the most notable gains.

Over the past decade, the major European reinsurers have identified the APAC region as a key source for diversification and growth.

The report also highlighted that the composite’s weighted average return on equity ratio improved to 11.3 per cent for 2024, supported by stronger underwriting results and higher investment income, thus extending the improving trend from 2023.

In addition, reinsurers based in Singapore and throughout South/Southeast Asia reported strong earnings for 2024 that were broadly flat year-on-year but still near historic highs.

The report, “Asia in Focus: A Two-Way Street for Reinsurance Diversification”, is part of AM Best’s overall look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.

Other reinsurance-related reports, including AM Best’s ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life/annuity, health and regional reinsurance markets, will be available during August and September.

-- BERNAMA

D-Wave Targets Asia With Qubits Japan 2025 Conference Amid Soaring Regional Growth

KUALA LUMPUR, Aug 20 (Bernama) -- D-Wave Quantum Inc (D-Wave), a leader in quantum computing systems, software and services, is expanding its presence in Asia Pacific (APAC) with the launch of Qubits Japan 2025, its first regional user conference, set for Sept 17 in Tokyo.

Themed “Quantum Realized”, Qubits Japan 2025 aims to support growing interest and adoption of annealing quantum computing technology across the APAC region. The event will also spotlight real-world quantum applications already delivering measurable results.

D-Wave chief executive officer, Dr Alan Baratz said Asia, especially Japan, is becoming an important epicentre of quantum computing innovation, development and adoption, as Japan is the birthplace of quantum annealing.

Dr Baratz added that this powerful technology can address some of business’s and science’s most computationally complex problems.

“We are thrilled to bring together the quantum ecosystem for Qubits Japan 2025 to continue fostering this important dialogue in the region,” he said in a statement.

The event comes as D-Wave’s bookings in the APAC region have increased 83 per cent over the past 12 months, and customers are increasingly exploring, adopting, and using D-Wave’s annealing quantum computing technology to solve complex challenges spanning artificial intelligence/machine learning and business optimisation problems.

The company’s recent customer highlights in APAC include NTT DOCOMO Inc, Japan’s largest mobile phone operator, which uses D-Wave’s annealing quantum computing solutions and found that it can reduce congestion at base stations by decreasing paging signals during peak calling times by 15 per cent. The solution is now deployed nationwide, with more quantum use cases under review.

Furthermore, in June this year, D-Wave announced a strategic relationship with Yonsei University and Incheon Metropolitan City to accelerate the exploration, adoption and usage of quantum computing in South Korea. The collaboration also supports plans to bring a D-Wave Advantage2 system to Yonsei’s Songdo campus.

Qubits Japan 2025 will feature notable speakers including Dr Baratz himself; D-Wave chief development officer, Trevor Lanting; Institute of Science Tokyo professor emeritus, Hidetoshi Nishimori; and NTT DOCOMO data scientist, Takumi Hattori.

-- BERNAMA

CHINESE MEDICAL TEAM CLAIMS INSULIN-FREE BREAKTHROUGH IN TYPE 1 DIABETES TREATMENT

KUALA LUMPUR, Aug 21 (Bernama) -- Shenzhen Hengsheng Hospital in China has announced a major breakthrough in the treatment of Type 1 diabetes mellitus (T1DM), revealing that 24 patients have successfully discontinued insulin therapy using a holistic integrative medicine (HIM) approach.

Led by Professor An Chiying and her medical team, this approach combined traditional Chinese and Western medicine, thereby achieving a functional cure, recording the longest duration of insulin discontinuation, reaching 14 months.

The hospital in a statement said this breakthrough offers new hope for global T1DM treatment and marks a remarkable advance in integrated Chinese and Western medicine for autoimmune diseases.

Professor An said functional cure enables partial restoration of islet function sufficient to meet daily metabolic needs.

She noted that early-diagnosed patients with residual islet function with C-peptide over 0.5 nanogrammes per millilitre (ng/ml) are the most likely to benefit.

Meanwhile, Academician Fan Daiming of the Chinese Academy of Engineering called the findings a bold challenge to the long-standing belief that T1DM patients must rely on insulin for life. He praised the HIM model as a promising new paradigm in autoimmune disease care.

Over a two-year clinical observation period, the team has applied the HIM model, blending traditional Chinese medicine (TCM), orthomolecular medicine, functional medicine, and lifestyle medicine, as well as precision digital health monitoring, to 70 T1DM patients. Of those, 24 patients (34 per cent) achieved a functional cure, maintaining stable blood glucose levels without reliance on exogenous insulin.

The protocol uses precision diagnostics, artificial intelligence-driven monitoring, immune regulation, and metabolic repair strategies. Patients typically undergo a short three- to five-day hospital stay before continuing outpatient follow-up and dietary management.

Globally, there are approximately nine million affected by T1DM and rising healthcare costs. The widespread adoption of HIM health management programmes could significantly reduce the financial and health burdens on patients.

-- BERNAMA

Bitget Boosts Trust with Chainlink Proof of Reserve

VICTORIA, Seychelles, Aug 21 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has announced the adoption of Chainlink Proof of Reserve on Ethereum to provide real-time transparency for its wrapped Bitcoin asset, BGBTC.

This collaboration also supports the growing use of BGBTC within BitVault Finance’s DeFi yield strategies and lending products, enabling both retail and institutional participants to engage with the asset knowing its backing is continuously monitored and verifiable. As blockchain technology reshapes how trust is established in financial markets, Bitget and Chainlink are working together to ensure that proof is not just promised, but provable.

"Transparency is essential in the digital asset industry," said Gracy Chen, CEO of Bitget. "By adopting Chainlink’s industry-leading Proof of Reserve, we’re giving our users and institutional partners the assurance they deserve, knowing that BGBTC is always verifiably backed. This is another step in our mission to deliver secure, transparent, and innovative products for the Web3 space."

Chainlink Proof of Reserve leverages decentralized oracle networks to autonomously verify the reserve balances backing tokenized assets. By publishing onchain data that reflects real-world asset reserves, Chainlink ensures that BGBTC’s backing can be independently audited at any time without relying on manual disclosures.

"Chainlink Proof of Reserve, the industry standard, offers real-time monitoring, enabling users to independently verify asset collateralization, and bringing increased transparency and trust to onchain products. We are excited about Bitget's integration of Chainlink Proof of Reserve to back its BGBTC, establishing a robust framework that fuels the ongoing expansion of DeFi," said Johann Eid, Chief Business Officer, Chainlink Labs.

The adoption of Chainlink Proof of Reserve reinforces Bitget’s commitment to setting a higher standard for transparency and trust in the digital asset industry. Complementing its existing Proof of Reserve and industry-leading Protection Fund, this integration ensures users can trade with greater confidence, knowing their assets are backed and verifiable in real time.

Together, these measures cement Bitget’s position as a security-first exchange, dedicated to safeguarding user interests in an evolving market landscape.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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

About Chainlink

Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Chainlink is widely adopted by major financial market infrastructures, institutions, and top DeFi protocols, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, Aave, GMX, Lido, and many more. Learn more by visiting chain.link.

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/c4e5a9d4-f8f8-4f1e-bfaf-903019485c67

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

Andong Jongga Fermented Teas To Enter Global Markets Via Mongolia Trade Delegation

KUALA LUMPUR, Aug 19 (Bernama) -- The Andong Jongga Culture Center has announced that it will export its fermented teas—ginger and apple—to overseas supermarkets through the Mongolian-Gyeongbuk Comprehensive Trade Delegation.

According to a statement, these teas, either patented or patent-pending, are recognised for their exceptional flavour and proven health benefits.

“We plan to continue researching a variety of fermented teas that can serve as nourishing everyday beverages, even as a healthy alternative to water,” said a representative from Andong Jongga Culture Center, Soonja Lee. 

The fermented ginger tea is particularly noted for its ability to boost immunity and alleviate conditions such as rhinitis and gastritis. 

Thanks to its high absorption rate, many users report noticeable effects with just a few servings. Its portability and absence of side effects have further strengthened consumer trust.

Founded in October 2017, the Andong Jongga Cultural Center has been dedicated to developing and producing premium goods rooted in time-honoured traditions passed down through families.

-- BERNAMA 

CHECKMARX REPORT: AI-GENERATED CODE SOARS, BUT SECURITY PRACTICES FALL BEHIND

KUALA LUMPUR, Aug 18 (Bernama) -- Checkmarx, a leader in agentic artificial intelligence (AI)-powered application security, has released the findings of its annual “Future of Application Security in the Era of AI” report, highlighting a growing disconnect between AI-driven development and security governance.

Findings revealed that AI-generated code is fast becoming mainstream, with half of respondents using AI security code assistants. About 34 per cent reported that over 60 per cent of their code is AI-generated, yet only 18 per cent have governance policies in place. The rapid shift to AI-assisted development is raising concerns about developer accountability and expanding the attack surface.

The survey also noted growing business pressure that is leading organisations to take risks. More than 80 per cent knowingly shipped vulnerable code, while 98 per cent experienced a breach linked to insecure code over the past year, compared with 91 per cent in 2024.

Checkmarx vice-president for Asia Pacific, the Middle East and Africa, Nitin Dang said fast-growing markets often prioritise speed in order to capture opportunities, sometimes at the expense of security.

“Our research shows that under-utilisation of essential application security practices, combined with the rush to deliver, often results in vulnerabilities making it to production,” he said in a statement.

In the coming 12 to 18 months, 32 per cent of respondents expect breaches through application programming interfaces (APIs), particularly via shadow APIs or business logic attacks. However, fewer than half deploy basic security tools such as dynamic application security testing (DAST) or infrastructure-as-code scanning.

Despite widespread industry discussion on DevSecOps, only half of organisations reported active use of core tools, with 51 per cent of North American companies adopting DevSecOps practices.

The report outlined six strategic priorities to close the security readiness gap — moving from awareness to action, embedding code-to-cloud security, governing AI use in development, operationalising security tools, preparing for agentic AI in application security, and promoting developer empowerment.

The report release comes after Checkmarx announced the general availability of its Developer Assist agent, which integrates with AI-native development environments such as Windsurf by Cognition, Cursor and GitHub Copilot. The tool provides real-time, context-aware issue detection and guidance for developers.

The study, involving more than 1,500 chief information security officers (CISOs), application security managers and developers across North America, Europe and Asia Pacific, examined how businesses are adapting as machine-generated code becomes more prevalent.

-- BERNAMA

FPT Unveils AI Platform To Accelerate Global Digital Transformation

 

KUALA LUMPUR, Aug 15 (Bernama) -- Global information technology (IT) firm, FPT has launched its new artificial intelligence (AI) platform FleziPT, positioning itself as a full-stack AI-first company ready to lead large-scale enterprise transformation worldwide.

Designed to deliver end-to-end and customised AI-powered transformation solutions, FleziPT empowers organisations to achieve exceptional speed, precision, and quality in their transformation journeys.

“We remain steadfast in our commitment to empowering clients worldwide with end-to-end AI enablement across industries, while upholding ethical and responsible AI practices,” said FPT Software Chief Executive Officer and FPT Corporation Executive Vice President, Pham Minh Tuan in a statement.

Backed by FPT’s AI-driven software development life cycle (SDLC), FleziPT delivers intelligent solutions across key domains and leverages an AI-augmented workforce, including 12,000 skilled software engineers proficient in AI and a million digital workers in the making globally.

The AI Platform allows enterprises to embed AI agents throughout every phase of software development, allowing tasks that previously took months in waterfall models or four to six weeks in agile sprints to be completed within days—reducing development time by up to 60 per cent, rework by over 50 per cent, and boosting productivity by 30 per cent.

FleziPT also features a suite of proprietary AI toolsets, including solutions such as AgentVista, CodeVista, and TestVista, offering tailored solutions for vertical industries such as manufacturing, healthcare, finance, automotive, and energy.

To support the next-level AI transformation for global businesses across industries, FleziPT is also underpinned by AI-specific workforce accelerators, including AI education across FPT employees and at FPT University, which currently graduates 2,000 AI and data engineering students annually. 

The company also fosters a co-creation relationship with its clients through AI labs and hackathons to address their specific challenges, in addition to strengthening its strategic partnerships with leading global AI players as it aims to train more AI experts and specialists.

Unveiled at FPT’s global client event recently, celebrating “20 Years of Innovation”, FleziPT marks a major milestone for both FPT and Vietnam’s growing role as a global innovation hub.

-- BERNAMA

CHULALONGKORN UNIVERSITY’S HERBARIUM BLENDS SCIENCE, CONSERVATION AND CRIME-SOLVING

KUALA LUMPUR, Aug 15 (Bernama) -- The Professor Kasin Suvatabhandhu Herbarium (BCU), operated by the Department of Botany at the Faculty of Science, Chulalongkorn University, has served as a vital hub for plant research and identification in Thailand.

Chulalongkorn University Science Service Officer, Parinyanoot Klinratana highlighted the herbarium’s diverse roles and recounted instances where plant materials found on suspects’ clothing were analysed to determine their origin and whether they came from restricted areas, aiding law enforcement.

Not only did the herbarium help the Customs Department identify and trace shallot species, but it also supports the academic and research community by maintaining a comprehensive plant specimen collection and offering plant analysis services.

According to a statement, the herbarium has amassed over 20,000 plant specimens and evolved into a national resource that aids not only academic institutions but also government agencies and private enterprises.

The specimens serve as a reference for the study of biodiversity, support the food and pharmaceutical industries, and help identify invasive species, and the herbarium also assists in forensic investigations, showcasing the multidisciplinary applications of botanical science.

These examples illustrate how plant identification has real-world applications surpassing the classroom, while also showing how plant materials can serve as silent witnesses in crime investigations, indicators of environmental risk, or hindrances to business transactions.

Bridging science and society via various sectors’ collaboration, the herbarium acts as a national plant database and supports Thailand’s commitment to environmental conservation and biodiversity as well as global regulatory standards with its scientific expertise and systematic processes, which reinforce the importance of accurate plant taxonomy.

By combining specimen preservation with expert analysis, the Professor Kasin Suvatabhandhu Herbarium ensures that Thailand’s rich plant biodiversity is not only studied and safeguarded but also applied across multiple sectors, including science, medicine and law.

-- BERNAMA

Axi Celebrates Major Wins at the 2025 Global Business and Finance Magazine Awards

SYDNEY, Aug 15 (Bernama-GLOBE NEWSWIRE) -- Axi, a leading force in global financial services, has been honoured with several prestigious accolades at the 2025 Global Business and Finance Magazine Awards*, underscoring its growing global impact and commitment to excellence.
Axi proudly received:

Best Financial Institution 2025 – UK

Best Financial Institution 2025 – LATAM

Best Financial Institution 2025 – Middle East

These achievements are a testament to Axi’s unwavering dedication to advancing financial inclusion and building intelligent, customer-first solutions across global markets. Central to this success has been the growth of Axi Select, the firm’s flagship capital allocation program that provides emerging traders with the tools and funding needed to accelerate their trading careers. Axi Select has empowered thousands of traders globally to access institutional-level support, turning potential into performance.

Axi’s suite of trading products and services – ranging from advanced analytics and seamless multi-asset platforms to tailored account solutions for retail, professional and institutional clients – has helped build a stronger, more inclusive global trading community. Its impact has been especially evident across the UK, Latin America and the Middle East, where Axi has significantly expanded its localised offerings and support services.

Axi’s Head of Brand and Sponsorship, Hannah Hill, shared her thoughts on the achievement:

"At Axi, we believe that excellence is not a destination but a daily commitment to our clients, our people, and the principles that drive our progress. Being recognised across such diverse regions is a powerful reminder that trust, innovation, and integrity resonate globally when they’re built into everything you do.”

About Axi

Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

The Axi program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content may not be available in your region. For more information, refer to our Terms of Service.

*Standard trading fees and minimum deposit apply.

**Granted to the Axi Group of Companies.

SOURCE: AxiTrader Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

INTERACTIVE BROKERS OFFERS SINGAPORE INVESTORS COMMISSION-FREE ACCESS TO US STOCKS, ETFS

KUALA LUMPUR, Aug 15 (Bernama) -- Interactive Brokers, an automated global electronic broker, has launched its IBKR Lite pricing plan in Singapore, offering Singaporean investors a commission-free way to trade United States (US) stocks and exchange-traded funds (ETFs) around the clock.

The Singaporean IBKR Lite programme delivers true cost transparency with no commissions, platform or settlement fees, or minimums, giving investors easy and low-cost access to the US markets.

“We are pleased to bring zero-commission US stock trading to investors in Singapore. With IBKR Lite, clients benefit from cost-effective access to the US markets, with zero commissions and no platform or settlement fees.

“This gives Singaporean investors yet another way to utilise IBKR’s transparent and powerful platform, and this launch reflects our continued commitment to offering the best value and trading experience globally,” said Interactive Brokers Singapore Chief Executive Officer, Yujun Lin in a statement.

IBKR Lite complements the firm’s existing IBKR Pro pricing plan, which utilises IB SmartRouting to help optimise execution, whereby clients can switch between Lite and Pro at any time, depending on their trading needs.

Both plans offer IBKR’s award-winning platforms, tools, and global market access. Key benefits of IBKR Lite in Singapore include zero commissions on US stocks and ETFs, around the clock, five days a week trading access, no fees for platforms, settlement, or account minimums, and access to over 160 global markets and 28 currencies, including the Singapore Dollar (SG$).

The platform also supports fractional shares, recurring investments, and overnight trading on more than 10,000 US stocks and ETFs, and offers artificial intelligence-powered news summaries for smarter, faster decisions.

-- BERNAMA

HORIZON QUANTUM HIRES GREG GOULD AS CFO TO SUPPORT GLOBAL GROWTH STRATEGY

KUALA LUMPUR, Aug 12 (Bernama) -- Horizon Quantum Computing Pte Ltd (Horizon Quantum), a developer of advanced software development tools for quantum computers, has appointed Greg Gould as Chief Financial Officer (CFO).

Bringing over 35 years of experience in finance, technology, and operations, spanning leadership roles in both public and private companies, Gould will lead key financial initiatives that are a part of the company’s long-term strategic growth plan.

Founder and Chief Executive Officer, Joe Fitzsimons said Gould brings together growth-stage CFO experience with deep capital-markets expertise, and his institutional relationships will be invaluable as Horizon Quantum transforms into a public company.

“We believe he is ideally suited to help strengthen planning, controls, and stakeholder communication as we enter our next phase of growth,” he said in a statement.

Meanwhile, Gould said: “As CFO, I look forward to aligning our financial strategy with our technological roadmap, ensuring we have the resources, discipline, and operational excellence to achieve our ambitious goals.”

Gould has served as CFO of insurtech company Groundspeed Analytics and artificial intelligence (AI)-driven fit-tech company FIT:MATCH.ai and was named a Top CFO in Miami by Finance & Investing in 2023.

Currently a Venture Partner at 14Peaks Capital and an active technology investor, his earlier leadership roles include Senior Advisor at Corestate Capital and Senior Vice President of Strategic Partnerships & Investor Relations at proptech startup Quarters, where he spearheaded strategic partnerships, operational efficiencies, and business expansion.

-- BERNAMA

CYBER DEFENCES FALTER AS ATTACK SUCCESS RATES SURGE - PICUS REPORT

KUALA LUMPUR, Aug 12 (Bernama) -- In a troubling snapshot of the current cybersecurity landscape, Picus Security, in its Blue Report 2025, revealed a sharp decline in global cybersecurity defensive effectiveness despite an alarming rise in the volume and sophistication of cyberattacks.

Now in its third year, the report draws on over 160 million real-world attack simulations conducted in live production environments.

The security validation company found that 46 per cent of tested environments had at least one password hash cracked. Even more concerning, attacks using valid credentials succeeded 98 per cent of the time, allowing adversaries to bypass controls with ease and remain virtually undetected.

These trends, according to a statement, show how quickly compromised credentials can lead to large-scale data theft.

“We must operate under the assumption that adversaries already have access,” said Picus Security co-founder and Picus Labs vice president, Dr Süleyman Ozarslan.

He urged organisations to adopt an ‘assume breach’ mindset, improve identity control validation and strengthen behavioural detection.

Among the most staggering findings is that only three per cent of data exfiltration attempts were stopped, down from nine per cent in 2024. This comes amid a surge in infostealer malware and double-extortion ransomware, where attackers encrypt and steal data simultaneously to maximise leverage.

Ransomware remains a key threat, with BlackByte registering a prevention effectiveness rate of 26 per cent, followed by BabLock at 34 per cent and Maori at 41 per cent.

Detection capabilities also suffered, with discovery techniques such as System Network Configuration Discovery and Process Discovery blocked in fewer than 12 per cent of simulations.

Overall prevention effectiveness dropped to 62 per cent in 2025 from 69 per cent last year. Although logging coverage stayed at 54 per cent, only 14 per cent of attacks generated alerts, indicating that most malicious activities went undetected.

The report, compiled from simulations conducted between January and June this year, includes industry-specific findings and recommendations to strengthen security controls and improve threat readiness.

-- BERNAMA

​Bank Negara Indonesia Strengthens Partnership with Cloudera to Scale AI-Powered Business Transformation

Cloudera’s secure, scalable platform to power BNI’s next phase of digital transformation, enabling real-time insights, advanced machine learning, and cross-agency collaboration.

SINGAPORE, Aug 7 (Bernama-GLOBE NEWSWIRE) -- [EVOLVE25] – Cloudera,  the only company bringing AI to data anywhere, today announced that Bank Negara Indonesia (BNI) is deepening its partnership with Cloudera to scale artificial intelligence (AI) innovation across the enterprise. By leveraging Cloudera’s open, hybrid data platform, BNI is streamlining its AI supply chain, bringing together data ingestion, governance, analytics, and machine learning into a single cohesive environment.

BNI is among the first adopters of Cloudera AI Inferencing, built on NVIDIA NIM microservices. This on-premises service enables secure, reliable deployment of open-source large language models (LLMs) on NVIDIA accelerated computing—empowering BNI to scale generative AI securely while maintaining full control over sensitive data. Full deployment is expected by the end of 2025, with BNI working closely with Cloudera and NVIDIA technology to ensure performance, compliance, and resilience at every step.

"We are proud to be among the first financial institutions adopting Cloudera’s AI Inference service. This technology gives us the infrastructure to scale our generative AI ambitions securely and efficiently, while staying compliant with Indonesia’s evolving regulatory landscape," said Toto Prasetio, Chief Information Officer of BNI. "It’s a major step forward in our goal to deliver smarter, faster, and more responsible digital banking services to Indonesians."

BNI chose Cloudera for its strong alignment with Indonesia’s regulatory requirements and its ability to support enterprise-scale AI. Cloudera’s unified data platform offers robust governance, end-to-end security, and hybrid deployment flexibility—ensuring compliance with Indonesian Financial Services Authority (OJK) and Bank Indonesia’s (BI) regulations while supporting BNI’s data sovereignty goals. Its AI and machine learning capabilities, coupled with an open-source foundation, allow BNI to scale predictive analytics, fraud detection, and customer personalization efficiently and securely.

While inference integration is underway, BNI is already using machine learning to:

· Product Recommendation: Suggesting relevant banking products based on customer history.
· Supply Chain Analytics: Optimizing material flows and vendor networks to improve efficiency and reduce operational risk.
· Online Gambling Detection: Using real-time monitoring and ML models to detect, freeze, and report suspicious accounts—contributing to national anti-gambling efforts in collaboration with Indonesia’s Financial Transaction Reports and Analysis Center (PPATK), Kominfo, OJK, and BI.
· Chatbot for Product Knowledge: Equipping relationship managers with AI-driven responses to customer inquiries.
· Churn Prediction: Identifying at-risk customers and taking proactive engagement steps to boost retention.
 
“We are excited to deepen our partnership with BNI as they pioneer the next phase of AI-powered banking in Indonesia,” said Remus Lim, Senior Vice President for Asia Pacific and Japan at Cloudera. “By adopting Cloudera’s AI Inference and unified data platform, BNI is leading the way in securely operationalizing generative AI at scale. This collaboration underscores our commitment to empowering Indonesia’s financial institutions with trusted, scalable, and regulatory-ready AI infrastructure.”

As BNI continues modernizing its data architecture, Cloudera and its AI ecosystem are enabling the bank to lead securely and responsibly in Indonesia’s digital finance landscape.

About Cloudera  
Cloudera is the only data and AI platform company that large organizations trust to bring AI to their data anywhere it lives. Unlike other providers, Cloudera delivers a consistent cloud experience that converges public clouds, on-prem data centers, and the edge, leveraging a proven open-source foundation. As the pioneer in big data, Cloudera empowers businesses to apply AI and assert control over 100% of their data, in all forms, improving security, governance, and real-time and predictive insights. The world’s largest brands across all industries rely on Cloudera to transform decision-making and ultimately boost bottom lines, safeguard against threats, and even save lives.  
  
To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.  

Contact
Jess Hohn-Cabana
cloudera@v2comms.com

SOURCE: Cloudera, Inc.

--BERNAMA 

Teledyne DALSA Launches Z-Trak Express 1K5 For High-speed 3D Inspection

KUALA LUMPUR, Aug 6 (Bernama) -- Teledyne DALSA, a Teledyne Technologies company and a global leader in machine vision technology, has introduced the Z-Trak Express 1K5 3D laser profiler series.

The Z-Trak Express 1K5 is built for cost-effective, in-line 3D measurement and inspection, delivering high-speed 3D inspection with real-time processing and achieving a maximum profile rate of 5,000 profiles per second.

As the latest innovation in the Z-Trak family, the Z-Trak Express 1K5 is ideal for a wide range of industries, including secondary battery production, automotive, lumber inspection, factory automation, and logistics, according to Teledyne DALSA in a statement.

Featuring a 1,700-millimetre (mm) horizontal field-of-view, the Z-Trak Express 1K5 enables precise measurement and inspection of wide-body objects such as wooden planks, road surfaces, pallets, and automotive body parts, using a single sensor.

It also supports the integration of multiple sensors in a variety of topologies, enabling advanced measurement and inspection tasks such as measuring the thickness of moving parts, performing continuous 360-degree inspections, and extending the horizontal field-of-view, all without compromising Z-resolution.

In addition, the Z-Trak Express 1K5 synchronises multiple sensors using a data cable and supports content-based triggering for enhanced flexibility to simplify deployment and reduce costs.

To accommodate objects of varying sizes, shapes, colours, finishes, and material compositions, Z-Trak Express 1K5 includes real-time, user programmable profile enhancement functions, two-point HDR, and models with eye-safe red or blue lasers.

The Z-Trak Express 1K5 series comes bundled with Z-Trak 3D Apps Studio, a licence for a powerful suite of software tools; Z-Expert, a graphical configuration utility; and Sherlock 8 – a field proven rapid deployment platform for machine vision.

-- BERNAMA

Menos AI Launches Institutional-Grade AI for Hedge Funds and Asset Managers, Starting with an AI Idea-Generation Agent

 

SAN JOSE, Calif., Aug 7 (Bernama-BUSINESS WIRE) -- Menos AI, an AI-native fintech built by and for investment professionals, today announced its public launch. Its flagship product, Sonαr, is an intelligent research agent that helps hedge funds and institutional investors uncover timely, differentiated ideas amid information overload. Sonαr is currently rolling out to select partner funds ahead of a broader release.

Founded by investment veterans and AI experts, Menos AI is backed by a $5.2 million oversubscribed seed round led by prominent Silicon Valley family offices and venture capital firms.

Sonαr: Distilling Alpha from Information Overload

Portfolio managers and analysts navigate a constant flood of market updates, sell-side content, third-party research reports, and internal memos. Sonαr cuts through the noise and surfaces alpha-generating insights that might otherwise be overlooked. Developed with leading global macro and multi-strategy hedge funds, Sonαr uses proprietary Alpha Signal Extraction to identify ideas with novelty, timeliness, and market relevance. Its forthcoming Voice Scoring capability can spotlight contributors who are consistently early and accurate — amplifying insights backed by proven track records and exposing areas where further due diligence can lead to an edge.

"Alpha doesn't scream. It whispers," said William Wu, Co-founder and CEO. "Sonαr helps investment teams hear it early — and act with clarity."

Built to Scale with Investment Teams

Menos AI's mission is helping institutional investors build firm-specific AI capabilities. Their secure, domain-specific agent platform delivers seamless enterprise integration with customers' workflows and preferred internal and external sources, delivering significant time savings from idea discovery to research and middle-office support — enabling managers to focus on strategic, differentiated thinking.

"The next generation of high-performing investment teams will be human–machine hybrids," said Chris Yang, Co-founder and Chief AI Scientist. "Menos AI helps firms build their AI edge."

"Our platform is designed for institutional-grade performance and security," added Xiang Pan, Co-founder and CTO. "We're building infrastructure investment teams can trust."

About Menos AI

Headquartered in San Jose, California, Menos AI builds intelligent agents that help institutional investors scale research, decision-making, and operations. Our team combines expertise from senior executives at leading financial services firms, top engineers from pioneering technology companies, and machine learning specialists with PhDs from premier research universities. Dedicated to "less noise, more signal," we help institutional investors focus on what matters most.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20250806499043/en/


Contact

For more information:

Website: www.menosai.com

Email: info@menosai.com

Source : Menos AI

DUCK CREEK BILLING ENHANCES MEMBER EXPERIENCE WITH REAL-TIME INSIGHTS AT PURE

KUALA LUMPUR, Aug 6 (Bernama) -- Duck Creek Technologies, a global intelligent solutions provider for the insurance industry, announced that PURE Insurance has upgraded to the latest version of the Duck Creek Billing platform.

In a statement, Duck Creek said the upgrade would enable PURE Insurance to enhance operational efficiency and financial management and deliver a more seamless billing experience for its members.

Duck Creek Technologies Chief Operating Officer, Chris McCloskey said the company was proud to support PURE in modernising its billing processes and elevating its service to members through the upgraded system.

“PURE Insurance is a valued long-time customer, known for consistently delivering an outstanding service experience,” he said.

Meanwhile, PURE Insurance Vice President, Finance Divisional Information Officer, Meenakshi Rungta said the enhanced platform strengthens existing capabilities by improving billing operations and supporting a more intuitive user experience.

“Upgrading to the latest Duck Creek Billing solution is a strategic step that reinforces our commitment to delivering exceptional service to our members,” she said.

PURE Insurance is a member-owned insurer catering to successful and responsible families in the property and casualty (P&C) and general insurance markets.

Duck Creek Billing is a software as a service (SaaS) solution designed to automate invoicing, premium collection and payment processes, while providing flexibility in billing options and configurations.

-- BERNAMA

LENDLEASE GLOBAL COMMERCIAL REIT SEES MODEST DPU UPTICK IN 2H FY2025

KUALA LUMPUR, Aug 5 (Bernama) -- Lendlease Global Commercial Trust Management Pte Ltd, the manager of Lendlease Global Commercial REIT (LREIT), reports a 1.8 per cent rise in its distribution per unit (DPU) to SG$0.018 for the half-year ended June 30, 2025 (2H FY2025). (SG$1=RM3.28)

The DPU, scheduled to be paid on Sept 24, is driven by steady retail performance and a more favourable interest rate outlook, according to the REIT in a statement.

Lendlease REIT’s portfolio valuation rose 2.2 per cent year-on-year (YoY) to SG$3.76 billion, supported by its core Singapore assets. Following the Jem office divestment, Singapore retail will comprise over 85 per cent of portfolio value.

Its Chief Executive Officer, Guy Cawthra said this divestment is a strategic milestone—reducing leverage, enhancing flexibility, and reinforcing its commitment to long-term growth in prime retail.

While gross revenue and net property income (NPI) declined 6.5 per cent and 10.0 per cent YoY to SG$206.5 million and SG$148.8 million, respectively, this was largely due to the one-off recognition of supplementary rent from the lease restructuring of Sky Complex in FY2024. On an adjusted basis, revenue and NPI saw marginal YoY growth.

The REIT maintained an interest coverage ratio (ICR) of 1.6 times and reported that 68 per cent of its borrowings are hedged to fixed rates, with the average cost of debt at 3.46 per cent per annum.

Retail strength continued, with over 99 per cent occupancy and a 10.2 per cent positive rental reversion, despite weaker tenant sales due to outbound tourism and transitional refurbishments at Cathay Cineplexes.

In Milan, commercial Buildings 1 and 2 recorded a 1.7 per cent rental uplift tied to inflation-linked escalation clauses. These assets remain fully leased to Sky Italia until January 2033.

-- BERNAMA

Bitget Hosts Crypto Experience Month 2025 Targeting Gen-Zs Across Europe, Asia and Middle East

 

VICTORIA, Seychelles, Aug 5 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, officially launches Crypto Experience Month 2025, a global youth activation campaign under its Blockchain4Youth initiative. Now in its third year, the campaign takes a step away from classrooms and webinars, transforming crypto from a buzzword into something tangible, usable, and real. As part of the third-year celebration of International Youth Day in August, Bitget plans to host Crypto Experience events throughout the month of August across multiple cities in the Middle East, Europe, South East Asia, and South Asia.

Crypto Experience Month 2025 is built around a simple tagline: Look What Crypto Can Do. While headlines often frame digital assets around market movements, this campaign flips the narrative, focusing instead on how blockchain is being applied in payments, gaming, DeFi, identity, and creative expression. Across pop-up activations set to roll out globally this August, Bitget is inviting young people to try crypto for themselves, not on charts, but in checkout lines, in metaverse arcades, and through everyday interactions.

From university campuses to creative hubs, attendees will explore zones where they can mint NFTs, experiment with stablecoin lending, trade tokenized stocks in real-time simulations, and test drive PayFi’s QR-based retail transactions. They’ll receive digital badges, load up a Bitget Wallet Mastercard, and even stake assets in DeFi setups guided by in-person educators. The format is designed to merge experience with understanding, where every station is part demo, part discovery.

The shift from education to interaction marks a new chapter for the campaign. Launched in 2023 with Crypto Experience Day, the campaign expanded to an entire month in 2024, reaching over 15,000 participants across 12 countries. This year’s edition pushes further, prioritizing physical presence and hands-on engagement to help bridge the growing gap between Web2 curiosity and Web3 confidence.

Vugar Usi Zade, Bitget’s Chief Operating Officer and the executive sponsor of Blockchain4Youth, believes that relevance comes from application. “You can’t build belief in the future of crypto through theory alone. You need to let people feel it, use it, question it,” he said. “Crypto Experience Month is about making the technology real and giving young people a reason to care about where it’s going.”

Bitget Wallet will serve as the official campaign partner, integrating its latest features, including PayFi, and on-chain tools into the experience zones. Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, added, “The onboarding is just the start. It’s also about showing how crypto can empower everyday actions, from payments to creativity. We’re excited to bring that vision to life on the ground.”

Followers of the campaign can look forward to a recap video capturing highlights from each activation in early September. Until then, Bitget’s message is clear: crypto isn’t just coming to the real world. It’s already here, and this August, it’s handing over the controls to the next generation.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is 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.

Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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

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/26282002-8b06-4e5c-87a1-fd77694c6645 


SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.