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Bitget’s Protection Fund Report in Feb 2024

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VICTORIA, Seychelles, March 5, 2024 /CNW/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, unveiled its February 2024 Protection Fund Valuation Report. According to the report, the fund recorded its highest average monthly valuation, surpassing 461 million, and peaked at an unprecedented 543 million on February 28th. This highlights Bitget’s dedication to safeguarding its users.

Within the cryptocurrency realm, Bitget’s Protection Fund is recognized for its substantial commitment to safeguarding users. It stands as one of the industry’s most significant self-insured reserves, enhancing user trust by providing an extra security layer. This fund is designed to protect digital assets against various risks, including cyber attacks, fraudulent activities, and significant market fluctuations.

Operating on a self-sustaining model, Bitget’s Protection Fund offers flexible and swift protective measures unrestricted from external influences. Its autonomy allows for the immediate allocation of resources to secure user assets during security breaches, market unrest, or other pertinent incidents. This self-reliant strategy affords Bitget’s clientele robust protection, unfettered by the potential hindrances of external rules, policies, or permissions that might slow response times in urgent scenarios. The fund’s self-sufficient framework is a key asset, providing a notable safety and security benefit to the Bitget user base.

To bolster its resilience and liquidity in the face of external market pressures, the fund includes a varied collection of highly liquid digital currencies, such as BTC, USDT, and USDC. In February, buoyed by market trends and a rise in BTC’s value, Bitget’s Protection Fund experienced consistent growth, culminating in a record-breaking valuation exceeding $543 million on February 28th.

Bitget Protection Fund Valuation Status in February 2024

Highest value: $543 million (Feb 28)

Lowest value: $413 million (Feb 4)

Average value: $461 million

Bitget’s commitment to transparency goes beyond the Protection Fund Valuation report. The exchange has consistently offered verifiable Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses.

For more detailed information, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

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

 

View original content:https://www.prnewswire.com/news-releases/bitgets-protection-fund-report-in-feb-2024-302079631.html

SOURCE Bitget

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Odoo Highlights Comprehensive Industry Solutions for SMEs at Korea Business Show

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SEOUL, South Korea, April 15, 2025 /PRNewswire/ — Business management software Odoo wrapped up a successful Business Show themed “Empowering SMEs with Flexible All-in-one Management Solutions Across Industries” together with sponsoring partners Ecodoobiz, Blue Stone, and customer online marketing agency Wepick Corporation.

Greeting 200 industry pioneers in person, Odoo announced the €500 million transaction led by CapitalG and Sequoia Capital and showcased its latest product version, Odoo 18.

Live Product Showcase

User-friendly yet no less comprehensive, Odoo powers through every stage of its customers’ business expansion. The event showcased:

One-stop manufacturing and retail solutions with interconnected sales, purchase, inventory, manufacturing, accounting, and communications managementAutomated scheduling and creation of manufacturing orders, BoMs, and job ordersAll-in-one tertiary sector solutions with interconnected CRM, sales, project, timesheet, and communications managementIntegrated data collection, consolidation, and sharing

Implementation Partner Panel & Customer Testimonial

At the partner panel and customer testimonial session, Odoo implementers Ecodoobiz and Blue Stone shared digital transformation tips. Online marketing agency Wepick Corporation underscored the business opportunities Odoo had brought.

“Odoo enables Korean companies to streamline processes from procurement to delivery within one software, enhancing efficiency and reducing costs,” said Jihoon Choi, CEO of Ecodoobiz. “Odoo’s marketing features take businesses one step forward by empowering personalized marketing campaigns for improved customer experience,” Grant Kim, CEO of Blue Stone, added.

Moreover, Wepick Corporation shared professional insights into utilizing the Odoo CRM, sales, and project apps to improve leads management and boost the conversion rate by 20%. Besides that, the agency also testified on stage about the software’s user-friendliness and configuration flexibilities, thanks to its intuitive UI design and low-code nature.

View Odoo’s upcoming event schedule to connect with your local IT service providers and industry leaders, or schedule an online call with Odoo to learn more about its services in Korea.

About Odoo

With 70+ official apps and 57k+ third-party apps, Odoo manages businesses’ finance, sales, inventory & manufacturing processes, human resources, marketing, team productivity, and more. The Belgian open-source service provider operates in 19 countries and regions worldwide, including the United States, Indonesia, Dubai, and Hong Kong SAR.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/odoo-highlights-comprehensive-industry-solutions-for-smes-at-korea-business-show-302428285.html

SOURCE Odoo HK Limited

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PayPal and TerraPay Partner to Expand Access to Cross-Border Payments across Middle East and Africa

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DUBAI, UAE, April 15, 2025 /PRNewswire/ — PayPal, a global digital payments and commerce platform, today announced a strategic partnership with TerraPay, a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by making cross-border transactions faster, easy to use and more accessible by connecting banks, mobile wallets, and financial institutions.

According to Mordor Intelligence1, the MENA digital payments market is estimated at $251.34 billion USD in 2025, and is expected to reach $422.56 billion USD by 2030. With rising demand for fast, secure, and efficient payment solutions, this partnership bridges key gaps in financial connectivity and infrastructure readiness, enabling millions of individuals and businesses to engage more fully in the global economy. Through secure PayPal account linking, TerraPay will serve as an enabler, allowing mobile wallet and bank users across the Middle East and Africa to seamlessly transfer funds to their PayPal accounts.

“The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many,” said Otto Williams, Senior Vice President, Regional Head and General Manager, Middle East and Africa, at PayPal. “At PayPal, we’re committed to changing that. By partnering with TerraPay, we’re making it easier for businesses and individuals to make cross-border transactions, quickly, securely, and without friction. Together, we’re helping unlock economic opportunity and build a more connected, inclusive financial future for the Middle East and Africa region.”

This collaboration will provide enhanced accessibility for customers by facilitating:

Secure account linking and seamless fund transfers from mobile wallets and bank accounts with PayPal.Expanded financial connectivity, empowering millions of customers to transact internationally with ease.Greater financial inclusion, enabling businesses and individuals to participate more effectively in the global digital economy.

“Our mission at TerraPay is to create a world where digital transactions are effortless, secure, and accessible to all,” said Ani Sane, Co-Founder and Chief Business Officer at TerraPay. “This partnership with PayPal marks a major milestone in expanding financial access across the Middle East and Africa, where our strong global infrastructure, helps overcome the limitations of traditional banking. With built-in interoperability, TerraPay connects various financial systems, from banks to mobile wallets, making it easier for businesses to scale and users to transact seamlessly on a global scale. Together, we are driving a new era of digital payments.”

As the demand for cross-border payments continues to grow across the region, PayPal and TerraPay remain committed to delivering innovative, secure, and convenient financial solutions that empower businesses and individuals to thrive in an increasingly connected world.

About PayPal 

PayPal has been revolutionizing commerce globally for more than 25 years. The company creates innovative experiences that make moving money, selling, and shopping simple, personalized, and secure. PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 144+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant.

https://www.mordorintelligence.com/industry-reports/middle-east-and-north-africa-digital-payments-market 

Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/paypal-and-terrapay-partner-to-expand-access-to-cross-border-payments-across-middle-east-and-africa-302427587.html

SOURCE TerraPay

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Thermo Fisher Scientific Introduces the 5L DynaDrive Single-Use Bioreactor to Simplify and Accelerate Process Development and Help Bring Therapies to Market Faster

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First-of-its-kind bench scale bioreactor enabling productivity, scalability and efficiency supporting reduced environmental impact

SINGAPORE, April 15, 2025 /PRNewswire/ — Thermo Fisher Scientific Inc., the world leader in serving science, today announced the 5L DynaDrive Single-Use Bioreactor (S.U.B.), designed to meet the evolving needs of modern bioprocessing. The 5L DynaDrive expands the company’s robust portfolio of bioreactors, offering seamless scalability from 1 to 5,000 liters and accelerating bench-scale process development, while facilitating the cost-effective transition from bench to commercialization with consistent reactor design and film across all scales.

“The introduction of the 5L DynaDrive marks a significant advancement in our commitment to helping customers maximize productivity and accelerate time to market,” said Ray Mercier, president of Thermo Fisher’s single-use technologies business. “With 25 years of experience in single-use technology, we are dedicated to meeting our customers’ evolving needs. Our trusted innovations provide seamless scalability and enhanced efficiency, enabling customers to streamline their bioprocessing workflows and successfully develop and commercialize life-saving therapies.”

“The launch of the 5L DynaDrive Single-Use Bioreactor furthers our commitment to customer centricity and operational excellence, driving easier scale-up and enhanced bioprocessing capabilities across APJ,” said Tony Acciarito, President of Thermo Fisher, Asia Pacific Japan. “This addition to our product portfolio will strengthen customer capabilities, accelerate access to life-saving therapies, and enable sustainable healthcare solutions tailored to the diverse needs of the region.”

The 5L DynaDrive single-use bioreactor is engineered to meet the diverse needs of large biopharma, Contract Development and Manufacturing Organizations (CDMOs), and small biotech companies. Its user-friendly design and benchtop size enables use with the HyPerforma™ G3Lab Controller to provide exceptional scalability and scalable proof of concept, affordably. With a 27% increase in productivity compared to glass bioreactors, the 5L DynaDrive combines small size with high performance and offers effective scale-up with consistent design, software, and film across all sizes. The robust, reliable solution utilizes biobased films built on Thermo Fisher’s existing Aegis™ film offerings and BioTitan Retention Devices, enabling minimized product loss and more sustainability.

To learn more about Thermo Fisher’s DynaDrive portfolio, please visit www.thermofisher.com/dynadrive.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon and PPD. For more information, please visit www.thermofisher.com

View original content:https://www.prnewswire.com/apac/news-releases/thermo-fisher-scientific-introduces-the-5l-dynadrive-single-use-bioreactor-to-simplify-and-accelerate-process-development-and-help-bring-therapies-to-market-faster-302427719.html

SOURCE Thermo Fisher Scientific

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