Pakistan News Reports

Category: MENA

  • Bitget and Foresight Ventures Invest $30 Million in TON Blockchain to Accelerate Growing Telegram-based Projects

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, and Foresight Ventures, a leading Web3 investment firm, have announced a strategic investment of $30 million into TON (The Open Network) Blockchain. This investment will be allocated through the acquisition of TON tokens and aims to accelerate further the adoption of Tap-to-Earn, GameFi, and new emerging trends within the TON ecosystem.

    Bitget and Foresight Ventures Invest $30 Million in TON Blockchain to Accelerate Growing Telegram-based Projects

    Bitget and Foresight Ventures Invest $30 Million in TON Blockchain to Accelerate Growing Telegram-based Projects

    The TON-based projects present a strong use case for mass adoption through the Telegram ecosystem, which has seen substantial growth in recent years as it expands its offerings for Web3 startups. According to a recent TON report from Bitget Research, TON Blockchain, which benefits from Telegram’s 950 million users, has rapidly become one of 2024’s fastest-growing blockchains. It has experienced over tenfold growth in on-chain transactions, ecosystem TVL, and DEX trading volume, with viral dApps like Catizen, DOGS, and Tomarket amassing millions of users.

    The commitment to TON Blockchain comes at a time when Bitget has witnessed remarkable growth in its user base. By focusing on ecosystem development and expanding its services, Bitget has grown its global user count to 45 million in Q3 2024, almost doubling in the past 12 months. This surge is partly attributed to the increasing demand for innovative projects, particularly those driven by platforms like TON.

    In 2024, Bitget Wallet contributed to the TON ecosystem with TONNECT 2024, a major online event aimed at accelerating the growth of emerging dApps in the TON ecosystem. Thanks to TON’s growing user interest in Bitget’s decentralized wallet, Bitget Wallet continuously topped the charts amongst all apps in Nigeria taking over world-famous apps such as TikTok and WhatsApp on Apple’s App Store.

    “As Bitget continues to BUIDL around The Open Network, our investment in the TON ecosystem provides a solid foundation for driving initiatives that align with our vision. By integrating our expertise in crypto infrastructure with TON’s decentralized architecture, we are well-positioned to strengthen the development of innovative products and solutions. Together, we are bringing the crypto industry closer to mass adoption than ever before.” commented Gracy Chen, CEO at Bitget.

    “The surge of the TON ecosystem represents the biggest growth opportunity in the cryptocurrency market this year, and in the next 3 to 5 years. Over the past six months, TON’s TVL has increased 18-fold, reaching $350 million.” Forest Bai, Co-Founder and CEO of Foresight Ventures, stated: “The ecosystem currently boasts over 1,000 dApps, with many applications having millions of users. We hope to continue supporting developers within the TON ecosystem by providing investment, incubation, and marketing support.”

    With the $30 million investment, Bitget and Foresight Ventures will engage more deeply in the future development plans of TON Blockchain, supporting the emergence and go-to-market of more blockbuster dApps on TON.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 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 Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

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

    For media inquiries, please contact: [email protected]

    About Foresight Ventures
    Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. Our premier media network includes The Block, Foresight News, BlockTempo, and Coinness. We aggressively invest in the most daring innovations and are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d47bf052-c6ad-4223-b4cf-bf2554a6fafc

    GlobeNewswire Distribution ID 1000993269

  • Queen Mathilde of Belgium, Prince Harry, Duke of Sussex, Forest Whitaker, UN Agency Heads and other dignitaries join survivors and advocates for ending child violence in New York, during the UN General Assembly

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Queen Mathilde of Belgium, Prince Harry, Duke of Sussex, UN Agency Heads and other dignitaries met survivors and advocates for ending violence against children in New York on Sunday night (22 September). They are in New York for the UN General Assembly, where world leaders have come together for its 79th session (UNGA 79).

    They met survivors, public figures and Government leaders from around the world, including Sweden, Colombia, Zimbabwe, Georgia, Canada, Iceland, Brazil and the UK to discuss the urgent issue at an intimate event, hosted by Director General, Dr Tedros Adhanom Ghebreyesus of the World Health Organisation and organised by Project Everyone, on the fringes of the UN General Assembly. They heard survivor testimonies as well as reflections and commitments from leaders.

    This high-level gathering comes days after survivors, advocates and allies released an open letter (17 September 2024), which demands urgent action from world leaders ahead of the first-ever Global Ministerial Conference on Ending Violence Against Children, taking place in Colombia this November.

    Signatories of the letter include public figures Forest Whitaker, Shudu Musida and Will Poulter, who also attended the special event.

    According to World Health Organisation each year one in two of all children globally – over 1 billion – experience violence such as corporal punishment, bullying at school, online violence and sexual abuse. Other significant forms of violence include gang violence, child marriage and child labour.

    Evidence shows that breakthrough solutions to end all forms of violence against children include providing parenting support, implementing school-based interventions, offering child-friendly social and health services, adopting protective laws, and ensuring a safer internet for children. Countries that implement these evidence-based strategies can reduce violence against children by up to 50%.

    As MC of the event Will Poulter, Actor and Ambassador for The Diana Awards anti-bullying programme, said:
    “Violence takes many forms – both physical and psychological – and each leaves a lasting impact on those who experience it. With one billion children around the world experiencing such violence, the statistics are staggering, but they represent real lives, and it’s our collective responsibility to ensure that these children are protected.”

    View the full letter HERE.

    L-R: Dr. Daniela Ligiero, CEO of Together For Girls; H.E. Alexander De Croo, Prime Minister of Belgium; Prince Harry, Duke of Sussex; Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organisation; Shudu Musida, UNFPA Regional Champion; H.R.H. Queen Mathilde of Belgium; Forest Whitaker, Actor and Activist; H.R.H. Princess Mabel van Oranje; Bryanna Mariñas, Survivor; Will Poulter, Actor; Dr. Etienne Krug, Director of the Department of Social Determinants of Health at the World Health Organisation; Catherine Russell, UNICEF Executive Director.

    In image 1 L-R: Dr. Daniela Ligiero, CEO of Together For Girls; H.E. Alexander De Croo, Prime Minister of Belgium; Prince Harry, Duke of Sussex; Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organisation; Shudu Musida, UNFPA Regional Champion; H.R.H. Queen Mathilde of Belgium; Forest Whitaker, Actor and Activist; H.R.H. Princess Mabel van Oranje; Bryanna Mariñas, Survivor; Will Poulter, Actor; Dr. Etienne Krug, Director of the Department of Social Determinants of Health at the World Health Organisation; Catherine Russell, UNICEF Executive Director.

    L-R: Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organisation and Prince Harry, Duke of Sussex.

    In image 2 L-R: Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organisation and Prince Harry, Duke of Sussex.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d077140c-dd98-4abc-b523-dd11ab8aa532

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c186e9a4-fdfd-4095-9550-f58b6cd0e9c6

    Enquiries: Chris Bull (Goodness PR) [email protected] / +44 7760 273 160

    GlobeNewswire Distribution ID 9234630

  • IRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

    NEW YORK, Sept. 22, 2024 (GLOBE NEWSWIRE) —

    Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Iris Energy Limited (NASDAQ: IREN) resulting from allegations that IREN may have issued materially misleading business information to the investing public.

    So what: If you purchased IREN securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

    What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=27776 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

    What is this about: On July 11, 2024, Culper Research issued a report (“the Report”) in which it announced it had taken a short position in IREN. The Report noted IREN is a “bitcoin miner that now promotes itself as a high performance computing (“HPC”) data center play.” In addition, the Report stated IREN “is a painfully transparent stock promotion that will unravel as investors realize the Company’s HPC claims are nonsense and IREN remains a cash guzzling machine.”

    On this news, IREN’s stock fell $1.70 per share, or 13.1%, to close at $11.20 per share on July 11, 2024.

    Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

    Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

    Attorney Advertising. Prior results do not guarantee a similar outcome.

    ——————————-

    Contact Information:

    Laurence Rosen, Esq.
    Phillip Kim, Esq.
    The Rosen Law Firm, P.A.
    275 Madison Avenue, 40th Floor
    New York, NY 10016
    Tel: (212) 686-1060
    Toll Free: (866) 767-3653
    Fax: (212) 202-3827
    [email protected]
    www.rosenlegal.com

    GlobeNewswire Distribution ID 9234146

  • CRWD FINAL DEADLINE: ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages CrowdStrike Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 30 Deadline in Securities Class Action – CRWD

    NEW YORK, Sept. 22, 2024 (GLOBE NEWSWIRE) —

    WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) between November 29, 2023 and July 29, 2024, both dates inclusive (the “Class Period”), of the important September 30, 2024 lead plaintiff deadline.

    SO WHAT: If you purchased CrowdStrike Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

    WHAT TO DO NEXT: To join the CrowdStrike class action, go to https://rosenlegal.com/submit-form/?case_id=27534 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

    WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

    DETAILS OF THE CASE: According to the lawsuit,  throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) CrowdStrike had instituted deficient controls in its procedures for updating its Falcon software platform, and was not properly testing updates to Falcon before rolling them out to customers; (2) this inadequate software testing created a substantial risk that an update to Falcon could cause major outages for a significant number of the CrowdStrike’s customers; and (3) such outages could pose, and in fact ultimately created, substantial reputational harm and legal risk to CrowdStrike. As a result of these materially false and misleading statements and omissions, CrowdStrike stock traded at artificially high prices during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

    To join the CrowdStrike class action, go to https://rosenlegal.com/submit-form/?case_id=27534 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

    No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

    Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

    Attorney Advertising. Prior results do not guarantee a similar outcome.

    ——————————-

    Contact Information:

    Laurence Rosen, Esq.
    Phillip Kim, Esq.
    The Rosen Law Firm, P.A.
    275 Madison Avenue, 40th Floor
    New York, NY 10016
    Tel: (212) 686-1060
    Toll Free: (866) 767-3653
    Fax: (212) 202-3827
    [email protected]
    www.rosenlegal.com


    GlobeNewswire Distribution ID 9234126