Category: Finance News Network

Victoria, Re Wan Chai, Hong Kong S.A.R., 28th Mar 2023 – On March 10th, WikiBit, the global blockchain exchange regulatory inquiry platform, organized a roundtable discussion to explore the factors driving the rise of Hong Kong as a major hub for cryptocurrency activities. The event brought together experts and thought leaders from the industry to share their insights on this growing trend.

During the panel discussion, participants analyzed the regulatory framework, market trends, and business opportunities that have contributed to Hong Kong’s emergence as a new center for crypto-related activities. The experts also discussed the challenges and potential risks associated with this trend and shared their perspectives on the future of cryptocurrencies in the region.

The roundtable discussion provided a platform for a comprehensive and informative dialogue on the dynamics shaping the crypto landscape in Hong Kong. WikiBit remains committed to providing valuable insights and resources to promote greater understanding and awareness of the blockchain industry worldwide.

Hong Kong’s bid to become a digital asset hub is drawing in cryptocurrency companies seeking to capitalize on mainland China’s appetite for trading in tokens. With its new regulatory regime for exchanges and plans to legalize crypto trading for retail investors, Hong Kong is increasingly being seen as a more crypto-friendly destination than Singapore, which implemented a crackdown on the sector last year.

As the world’s fourth-largest crypto market, despite the Chinese government’s ban on the sector in 2021, mainland China continues to present a significant demand for digital coin trading. As a result, companies are rushing to establish a presence in Hong Kong in the hopes of capturing this demand.

The move to Hong Kong comes as a response to the potential opportunities presented by the city’s push to become a crypto hub, with companies looking to gain a foothold in the region’s growing market. These developments signal a shift in the dynamics of the cryptocurrency industry in the region, as businesses seek to navigate evolving regulatory frameworks and seize new business opportunities.

As companies continue to flock to Hong Kong, they will face challenges and risks associated with the nascent industry, including regulatory uncertainties, cybersecurity threats, and market volatility. However, with Hong Kong’s growing reputation as a crypto-friendly destination, coupled with the increasing demand from mainland China for digital assets, the prospects for the cryptocurrency industry in the region appear bright.

A robust regulatory framework not only safeguards the interests of investors but also instills greater confidence in builders and investors alike. In this regard, Hong Kong, the emerging cryptocurrency hub, has been at the forefront of setting new regulatory standards in the industry. With Asia’s second-largest economy, Hong Kong has taken proactive steps to safeguard investors while also promoting the growth of the crypto industry.

The city has been exploring ways to enhance its regulatory framework to ensure that it aligns with global standards and provides a safe and secure environment for cryptocurrency-related activities. The regulatory regime for exchanges and the recent legalization of crypto trading for retail investors are just some of the steps taken to encourage the growth of the crypto industry in the city.

The measures adopted by Hong Kong demonstrate the government’s commitment to promoting innovation while also ensuring that investors are adequately protected. As a result, Hong Kong has become an attractive destination for businesses looking to establish a presence in the region’s growing cryptocurrency market.

The establishment of a strong regulatory framework is a positive development for the industry as it provides a sense of stability and predictability that investors and builders need to operate effectively. As Hong Kong continues to lead the way in this regard, other jurisdictions in the region and beyond may look to follow suit, creating a more consistent and transparent regulatory environment for the cryptocurrency industry globally.

With China becoming a hub for blockchain and cryptocurrency innovation, there is a growing demand for digital assets among Chinese investors.

In conclusion, the emergence of Hong Kong as a cryptocurrency hub, coupled with its strong regulatory framework, presents exciting opportunities for businesses and investors looking to capitalize on the growth of the industry. WikiBit, the global blockchain exchange regulatory inquiry platform, has been closely monitoring these developments and providing valuable insights and resources to promote greater understanding and awareness of the blockchain industry worldwide.
 

Media Contact

Organization: WikiBit

Contact Person: WIKIBIT CO. LTD

Website: https://www.wikibit.com/en

Email: [email protected]

Address: 16/F ONE CAPITAL PLACE, RE WAN CHAI – HK

City: Victoria

State: Re Wan Chai

Country: Hong Kong S.A.R.

Release Id: 2803232877

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Sheung Wan, Hong Kong, China, 28th Mar 2023 – DuckyCoinAI, a newly established platform designed to provide modern blockchain features, is pleased to announce its exciting and innovative suite of services. The platform provides a range of unique features, including a 3-tier referral system, an anonymous chatbot with artificial intelligence, NFT-marketplace, NFTPad, Meme Generator, Dex Exchange, Launchpad for launching tokens and conducting IDOs, and a game about post-apocalyptic world.

The 3-level referral system is a standout feature of the platform, allowing users to receive bonuses for inviting their friends to the platform. This system encourages users to expand the community and attract new users to the platform. The anonymous chatbot with artificial intelligence ensures users’ privacy and security when communicating on the platform, making it an attractive option for privacy-conscious users.

DuckyCoinAI’s NFT-marketplace allows users to buy and sell digital assets called NFTs, and the NFTPad enables users to create and sell their own unique digital assets. The Meme Generator is a fun feature that allows users to create and share memes on the platform, while the Launchpad and IDO platforms provide traders with an opportunity to trade in early-stage projects and benefit from their growth.

The DuckyCoinAI game is another exciting feature that immerses players in a post-apocalyptic world where they must use DuckyCoin currency to buy necessary items and improve their character. The game’s AI controls NPCs and changes the world depending on players’ actions, adding an exciting element to the gameplay.

DuckyCoinAI facilitates with a unique suite of blockchain features that provide users with exciting and innovative experiences. The company strives to provide something for everyone, from traders looking for exciting opportunities to gamers looking for immersive gameplay experiences.

Consequently, Ducky A.I. is thriving to transform the gaming industry with their neural network technology.  Ducky A.I.’s technology is being used to create an open-world MMORPG online game with NPC that can learn and interact with players in a non-standard and unpredictable way. 

About the Company – DuckyCoinAI:

DuckyCoinAI is a blockchain platform designed to provide modern blockchain features to users. The platform offers a range of unique features, including a 3-tier referral system, an anonymous chatbot with artificial intelligence, NFT-marketplace, NFTPad, Meme Generator, Dex Exchange, Launchpad for launching tokens and conducting IDOs, and a game about a post-apocalyptic world.

To learn more about DuckyCoinAI and its exciting suite of blockchain features, visit the following links:

Telegram Channel – https://t.me/DuckyCoinAIportal

Website – https://duckycoin.finance/ 

White Paper – https://duckycoin-organization.gitbook.io/duckycoin-project/

Project Trailer – https://www.youtube.com/watch?v=523Jyhf3MtU&t=2s

Media Contact

Organization: DuckyCoinAI

Contact Person: Zeinalov Ruslan

Website: https://duckycoin.finance/

Email: [email protected]

Address: 7/F, MW Tower, 111 Bonham Strand, Sheung Wan, China, Hong Kong

City: Sheung Wan

State: Hong Kong

Country: China

Release Id: 2803232914

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The leading coffee company, Invader Coffee, is here to provide a unique offering.

Austin, Texas, United States, 28th Mar 2023 – Invader Coffee, a leading right-wing coffee provider, is here to provide the perfect bourbon vanilla iced coffee that will satisfy any coffee lover’s cravings. Its unique blend of premium quality ingredients and natural flavors will give drinkers a run for their money. The company strives to deliver the best-tasting coffee that is sure to tantalize anybody’s taste buds and leave them wanting more. With the firm’s commitment to quality, it is guaranteed that the iced coffee will be the perfect balance of sweetness and bitterness, with a hint of bourbon vanilla flavor that will make every sip an unforgettable experience.

Invader Coffee’s Bourbon Vanilla Iced Coffee is the perfect blend of coffee and whiskey, sure to satisfy both coffee and whiskey lovers alike. This organic, 100% Air roasted coffee blend is a combination of molasses, caramel, and vanilla that will make any taste buds rejoice. Whether a customer is looking for a morning pick-me-up or an afternoon treat, this iced coffee is the perfect choice for any time of day.

This coffee is a whiskey lover’s delight. The bourbon vanilla iced coffee is made with pure Tennessee whiskey flavor and contains zero alcohol and zero sugar. It’s the perfect way to enjoy a delicious cup of coffee without any of the guilt associated with drinking alcohol. Plus, it has all the flavors of real whiskey without any drawbacks. So anyone looking for a unique and flavorful coffee experience, this is one to try!

Invader Coffee has always been committed to providing the highest quality coffee beans, and now they are taking things a step further with its 100% fair trade, 100% blend of South/Central American coffee beans, and 100% Air Roasted promise. Not only will you get a delicious cup of coffee every time someone brews it up, but they can also be sure that their purchase is helping to support sustainable farming practices in the countries from which these beans are sourced. Plus, with Invader Coffee’s 100% money-back guarantee, you know Invader will make it right.

The company’s CEO said that “I’m excited to unveil the perfect bourbon vanilla iced coffee. I believe that everyone should have the opportunity to experience this wonderful tasting coffee.” He added,” This coffee is a perfect blend of sweetness and boldness. It’s a great way to start your day with a cup of coffee that will energize you and leave you feeling refreshed. The taste of bourbon vanilla gives it an extra kick that you won’t find in other coffees.”

With this new drink, the CEO wants everyone to enjoy the perfect cup of coffee – one that is full-bodied, smooth, and flavorful. He believes that this drink will be a hit among all types of people.

About Invader Coffee

Invader Coffee is a leading right-wing coffee company and is known for its outstanding coffee and how it contributes to veterans too.

Media Contact

Organization: Invader Coffee

Contact Person: Media Contact

Website: https://www.invadercoffee.com/

Email: [email protected]

Contact Number: (512) 382-9585

City: Austin

State: Texas

Country: United States

Release Id: 2803232902

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Panama, 28th Mar 2023 – Bitxor token (BXR) will be listed on the Latoken exchange on March 28,2023.Bitxor makes it easier for users to buy and sell BXR coins.
 

The Bitxor token (BXR) is also  accessible for live trading on IndoEx. The Bitxor Blockchain’s fundamental unit, BXR, is a crucial component that supports numerous network functions. It is a Proof of Stake (PoS) coin that serves as a medium of exchange inside the Bitxor ecosystem and is utilized for mining and transaction validation. 

About  Protocol 

A blockchain-based ecosystem called Bitxor Protocol facilitates decentralized systems and structures in a way that is more efficient, quick, and safe. The Bitxor CosmoSystem’s native coin, BXR, connects the whole network and powers all blockchain transactions and applications, which powers the protocol.

The LSC-X (Logic Smart Contract Bitxor) system, an advanced multi-layer intelligent contract system, is the foundation of the Bitxor protocol. Logical operators are aspects of LSC-X that enable the building of decentralized systems and structures in a more efficient, quick, and safe way. LSC-X reduces programming errors and improves system stability overall. 

Due to its high-performance multi-layer architecture that supports both probabilistic and deterministic block completion, Bitxor is exceptional. With probabilistic finalization, as blocks are added or chained together, the likelihood that any one block will be reversed decreases. The likelihood is never zero, even if it is extremely low.

How  Blockchain Works?

Bitxor Blockchain is a cutting-edge decentralized system that utilizes advanced technology to enable secure and encrypted transfer of digital data.  The Bitxor community uses it as their official virtual meeting space, where they may discuss a variety of issues pertaining to the growth of the Bitxor Ecosystem. 

A reserve fund that is kept in public wallets and protected by multiple signatures on the Bitxor Blockchain receives 2% of each mined block as an additional incentive to support the Bitxor Ecosystem. This reserve fund is expected to give the Bitxor Ecosystem essential financial assistance and backup in the future. It is currently growing quickly.

Why You Should Consider Investing in a Bitxor Blockchain Mining Node?

First, it enables miners to contribute to network security by validating and confirming transactions. Second, the native currency of Bitxor, BXR coins, are given to miners as compensation for their labor. Lastly, miners can contribute to the network’s decentralization by adding more nodes and lowering the likelihood of a single point of failure. This will increase the network’s speed and efficiency because nodes process transactions more quickly than a centralized network.

What makes  a unique network?

Bitxor is a reliable and user-friendly decentralized PoS multi-layer mining blockchain that enables the integration of applications for all kinds of companies and projects needing scalability on a local and international scale. Bitxor is made up of tightly linked technologies that combine the greatest features of the most popular Blockchains now in use. 

The network identity and the generation hash seed combine to form a distinct fingerprint for each network in the Bitxor ecosystem. The generation hash seed is a 32-byte random integer that must be globally unique across all networks, but the network identification is a two-byte identifier that can be shared between networks. To guard against cross-network replay attacks, this value is appended to the transaction data before the hash or signature.

The Bitxor brand

Bitxor’s approach is to build a powerful brand with a coherent and well-structured image. Its strategy is centered on its reputation as a brand of integrity, which is proactive and visionary and has the ongoing objective of creating financial instruments that are completely decentralized. To establish a just and open economy where each person can achieve complete financial freedom and have more opportunity to better their lives, this mission is crucial.

Social Media
Facebook 
https://www.facebook.com/bitxor

Instagram 
https://www.instagram.com/bitxor_official

Twitter  
https://twitter.com/bitxor_official

LinkedIn 
http://linkedin.com/in/bitxorcorp

Discord 
https://discord.gg/jN3b6DTrbx

Reddit 
https://www.reddit.com/u/Bitxor_ex/

Telegram 
https://t.me/bitxor

 

Media Contact

Organization: Bitxor Protocol

Contact Person: Patricio

Website: https://bitxor.org

Email: [email protected]

Country: Panama

Release Id: 2803232918

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Kuala Lumpur, Malaysia, 28th Mar 2023 – On August 27th, 2022, Mr. Gary Chua Lett Woi made history by setting a Guinness World Record for the “largest financial investment course” held at the Kuala Lumpur Convention Centre (KLCC). The event, titled “Smart Investing 3.0,” was organized by the CEO of SMART Chamber Academy Sdn Bhd, Mr. Gary Chua. The event held a total of 1,706 participants attending the offline physical learning conference. The Japanese adjudicator of the Guinness World Records, Mr. Kazuyoshi Kirimura, announced that Mr. Gary Chua had successfully set a new Guinness World Record.

Smart Financing, founded in 2015, is an education arm specifically designed to equip students with powerful tools to maximize their portfolios. Smart Financing adheres to the learning philosophy of “world-class achievement” so that students can experience substantial progress in concept formation and creative ideas. Its “SMART Seminars” have seen more than 7,000 members attend courses and purchase their dream properties worth over RM 4 billion.

In his speech at the event, Mr. Gary spoke about the impact of the pandemic on the economy and people’s financial management. He emphasized the importance of having multiple sources of income and increasing personal income to counter hyperinflation, and highlighted real estate as a safe and reliable financial asset management option.

 

The “Smart Investing 3.0” offline learning conference focused on imparting real estate trading knowledge and improving people’s financial management concepts with the “Smart Investment Law” and “Smart Financial Planning,” allowing everyone to seize the right opportunity and turn the crisis into a turnaround. Mr. Gary designed the advanced version of the course to provide participants with an effective way to learn about capital venture based on his multiple years of investment experience and working experience in both local and international banks.

This is the first offline course of the “Smart Investing” series after two years. The previous “Smart Investing 2.0” was held online due to the epidemic situation. With people returning to normal lifestyles, the “Smart Investing 3.0” offline course has recruited more than 1,000 participants. The public participated and set the Guinness Book of Records for the “Largest Financial Investment Course.”

About the CEO – Mr. Gary Chua  

Gary Chua had 11 years of working experience in both local and international banks. He has been invited regularly to share his professional views, comments, and insight on Property Magazines, Expos, Developer Launches, and Conventions. With the recognition of his expertise, he also has been featured in various sources of media such as Magazines, Newspapers, Television, and Radio Stations.

“We are delighted to have set the Guinness World Record for the largest financial investment course,” said Mr. Gary. “We hope that through this event, more people will understand the importance of financial management in their lives and learn how to make smart investments that can help them achieve financial freedom.”

For more information about Smart Financing and their upcoming courses, visit their website at https://www.smartfinancingco.com/.

Media Contact

Organization: SMART Chamber Academy Sdn Bhd

Contact Person: Ms. Yen

Website: https://www.smartfinancingco.com/

Email: [email protected]

City: Kuala Lumpur

Country: Malaysia

Release Id: 2803232881

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H World Group announced an 8.4% increase in 2022 revenue, reaching RMB13.9 billion, driven by China’s economic recovery and demand for business travel. The Group’s European business experienced a strong recovery, and expansion efforts focused on lower-tier markets in China. By the end of 2022, the Group’s global network included 8,543 hotels, with 2,580 more under development. In 2023, H World Group plans to open 1,400 new hotels and anticipates revenue growth between 42% and 46%.

Singapore, Singapore, 28th Mar 2023, King NewsWire – H World Group (NASDAQ: HTHT and HKEX: 1179) announced its annual results for the year ended December 31, 2022. The Group’s revenue reached RMB13.9 billion, marking an 8.4% increase compared to the previous year.

H World Group attributes its accelerated recovery in China to the country’s reopening in mid-November 2022, which spurred economic growth and increased demand for business travel. The Group reported RMB3.7 billion in revenue for the fourth quarter of 2022, a 10.7% year-on-year increase.

He Jihong, the Group’s Chief Financial Officer, said, “Despite Covid-19-related challenges in China, the Group achieved an Adjusted EBITDA of RMB 610 Million. This success is due to our international business’s strong recovery and rigorous cost reduction efforts implemented across the Group at both the hotel and headquarters levels.”

The Adjusted EBITDA before non-cash impairment and forex loss was RMB 1.74 billion. 

H World Group’s European business experienced robust recovery since Europe’s reopening in mid-February. Deutsche Hospitality (DH) saw a 22.9% increase in Average Daily Rate (ADR) and a 96.2% increase in full-year blended revenue per available room (RevPAR) compared to 2021. The fourth-quarter blended RevPAR rebounded to 110% of 2019’s performance, driven by Steigenberger hotels in Qatar and Egypt.

The Legacy-DH segment’s revenue for 2022 reached RMB3.2 billion, a 108.5% year-on-year increase, with an Adjusted EBITDA of RMB134 million before impairment and unrealized losses.

Moving forward, DH will focus on growing its membership base through the H Rewards loyalty program, increasing the share of direct sales channels, and enhancing management efficiency while reducing operating costs through digitalization.

As of December 31, 2022, H World Group’s global network included 8,543 operating hotels and 809,478 rooms, featuring DH’s 132 hotels. The Group continued its expansion plan throughout the year, opening 1,244 new hotels. With 2,580 hotels under development, including 2,544 Legacy-Huazhu hotels and 36 Legacy-DH hotels, H World Group remains committed to its sustainable quality growth strategy.

The Group has been successful in cultivating the Chinese market and expanding into lower-tier cities, with 38% of hotels operating in third-tier cities and below, and 57% of hotels under development in these regions. H World Group’s presence now spans 1,126 cities.

Additionally, the Group continued to focus on midscale and upper-midscale brands, operating 523 upper-midscale hotels and developing 287 more.

In 2023, H World Group plans to open 1,400 new hotels and anticipates revenue growth between 42% and 46%.

Jin Hui, the Group’s Chief Executive Officer, said, “While we recognize the challenges 2022 presented, we remain optimistic about the hotel industry’s future. We believe that the worst is behind us and that brighter days lie ahead. H World Group is excited to embark on a new journey as we continue to pursue our sustainable quality growth strategy.”

About H World Group

H World Group Limited is a key player in the global hotel industry. At the end of 2022, H World Group operated 8,543 hotels in 17 countries, covering 31 hotel and apartment brands from budget to luxury markets. It had 809,478 rooms in operation, providing consumers with a diverse range of accommodation experiences. H World’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties. H World applies a consistent standard and platform across all of its hotels. As of December 31, 2022, H World operates 13 percent of its hotel rooms under lease and ownership model, and 87 percent under manachise and franchise models.

Media Contact

Organization: H World Group Limited

Contact Person: Olga Duan

Website: https://ir.hworld.com/

Email: [email protected]

Contact Number: +85298656561

City: Singapore

State: Singapore

Country: Singapore

Release Id: 2803232906

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