UPCX (UPC) Launches on BitTrade, Starting a New Era for Global Payments
The open-source blockchain payment platform UPCX (UPC) has announced that its native token, UPC, has officially launched on the Japanese cryptocurrency exchange BitTrade, enabling spot trading. This milestone marks a critical step forward for UPCX in the global payment sector.
Japan's cryptocurrency market is tightly regulated by the Financial Services Agency (FSA), and UPC's successful listing on BitTrade demonstrates its compliance with regulatory requirements and approval from authorities. Leveraging BitTrade's reputation and active user base, UPC gains a secure trading environment. This listing enhances UPCX's credibility and market visibility, laying the foundation for it to become a mainstream payment token. As an early adopter of cryptocurrency, Japan serves as a vital foothold for UPCX's global strategy.
The listing boosts UPC's liquidity and accessibility, allowing users to easily buy, sell, or exchange UPC for other assets, offering greater flexibility in asset management. At the same time, the utility of the UPCX wallet is amplified, with UPC's role in transaction fees, staking, and governance becoming more prominent. This network effect is expected to drive ecosystem growth. UPCX leverages blockchain technology to ensure secure and transparent transactions, protecting users from fraud risks with reliable operations. BitTrade's compliance further reinforces UPC's legitimacy.
Koki Sato, Chief Marketing Officer of UPCX, stated that the BitTrade listing is a key part of its market strategy. Moving forward, UPCX plans to pursue listings on additional exchanges to increase UPC's global visibility and adoption rate, while optimizing wallet functionality, expanding payment use cases, and enhancing ecosystem influence through partnerships. For users, this listing brings higher liquidity and more application opportunities. The UPCX wallet is evolving into a gateway connecting a broader financial ecosystem, delivering greater value and flexibility to users. This is not just a milestone but an exciting starting point for UPCX.
More about BitTrade:
BitTrade is a leading cryptocurrency exchange in Japan. It holds a digital asset license issued by the Financial Services Agency (FSA) of Japan and is one of only 16 legally licensed exchanges in Japan. Its compliance and security are highly recognized, and it is committed to providing users with safe and transparent digital asset trading services.
More about UPCX:
UPCX is a blockchain-based open-source payment platform that aims to provide secure, transparent, and compliant financial services to global users. It supports fast payments, smart contracts, cross-asset transactions, user-issued assets (UIA), non-fungible tokens (NFA), and stablecoins. Moreover, it offers a decentralized exchange (DEX), APIs, and SDKs, allows customized payment solutions, and integrates POS applications and hardware wallets for enhanced security, building a one-stop financial ecosystem.
This press release may contain certain forward-looking statements. Forward-looking statements describe expectations, plans, outcomes, or strategies for the future (including product offerings, regulatory plans, and business plans) and are subject to change without prior notice. Please be advised that such statements are influenced by various uncertainties, which may result in future circumstances, events, or outcomes differing from those predicted in the forward-looking statements.
Media Contact
Company Name: UPCX team
Country: Singapore

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Israel's Strikes on Iran Boost Safe Haven ETF Demand
The tensions in the Middle East escalated after Israel launched a wave of airstrikes on Iran, triggering a sharp sell-off across global markets. Iran is preparing to retaliate as it has launched around 100 drones toward Israel, raising fears of a broader regional conflict. Markets reacted swiftly to the news, with the three major gauges plunging more than 1% in pre-market trade today. Meanwhile, the U.S. dollar, Japanese yen and Swiss franc all strengthened, while crude prices spiked sharply amid fears of potential supply disruptions. Gold surged to its highest level since early May and U.S. Treasury price also rose. Investors are flocking to safe-haven bids, which offer protection in times of heightened such a backdrop, we have highlighted five safe-haven ETFs that investors should add to their portfolio, especially if Middle East tensions continue to escalate. These products will likely benefit from the crisis and will be in focus in the weeks - SPDR Gold Trust ETF (GLD)Gold, viewed as a safe haven, has been on a strong rally this year, reaching new all-time highs on several occasions, buoyed by trade gyrations. The yellow metal serves as a hedge against market turmoil and is often used as a means of preserving wealth during times of financial and political uncertainty, typically performing well when other asset classes struggle. As such, the ultra-popular product tracking this bullion, like GLD, could be an interesting pick. The fund tracks the price of gold bullion measured in U.S. dollars and kept in London under the custody of HSBC Bank and JPMorgan Chase Bank. GLD is an ultra-popular gold ETF with an AUM of $99.9 billion and a heavy volume of about 11 million shares a day. SPDR Gold Trust ETF charges 40 bps in fees per year from investors and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Gold Surges Amid Global Risks: ETFs to Buy).Long-Dated Treasury - iShares 20+ Year Treasury Bond ETF (TLT)Products tracking the long end of the yield curve often provide a safe haven. The 10-year Treasury yields dropped to a one-month low of 4.31%, pushing bonds higher. TLT tracks the ICE U.S. Treasury 20+ Year Bond Index and has an AUM of $48.6 billion. Holding 42 securities in its basket, the fund focuses on the top credit-rating bonds with an average maturity of 25.78 years and an effective duration of 15.70 years. The expense ratio comes in at 0.15%, and the average daily volume is heavy at around 43 million shares. However, TLT currently has a Zacks ETF Rank #4 (Sell).Dollar - Invesco DB US Dollar Index Bullish Fund (UUP)After hitting a 3-year low in yesterday's trading session, the U.S. dollar rose 0.6% (at the time of writing) against a basket of major currencies on news that Israel had launched strikes on Iran. Invesco DB US Dollar Index Bullish Fund is the prime beneficiary of the rising dollar as it offers exposure against a basket of six world currencies. This is done by tracking the Deutsche Bank Long USD Currency Portfolio Index - Excess Return plus the interest income from the fund's holdings of U.S. Treasury securities. In terms of holdings, Invesco DB US Dollar Index Bullish Fund allocates nearly 57.6% in euro and 25.5% collectively in the Japanese yen and British pound (read: ETFs on the Move Post U.S.-China Trade Deal). The fund managed an asset base of $200.2 million, with an average daily volume of around 948,000 shares. UUP charges 78 bps of annual fees and has a Zacks ETF Rank #3 with a Medium risk - Invesco Currencyshares Japanese Yen Trust (FXY) The Japanese yen is considered a safe-haven currency in times of uncertainty. Investors could tap this via FXY, which appears to be a great way to play a future rise in the yen. It tracks the price of the Japanese yen and charges 40 bps a year in fees. The fund sees a good volume of roughly 340,000 shares per day and has accumulated $856 million in its asset base. FXY has a Zacks ETF Rank #3 with a Medium risk outlook. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares 20+ Year Treasury Bond ETF (TLT): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports Invesco CurrencyShares Japanese Yen Trust (FXY): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research


Time Magazine
5 hours ago
- Time Magazine
Boeing's 787 Dreamliner Has a Long History of Safety Concerns
The odds were in your favor if you were one of the 242 people who boarded Air India flight 171 in Ahmedabad, India, bound for London on June 12. The plane you were flying was a Boeing 787 Dreamliner which has been in service since 2011 without a fatal crash. More than 1,100 Dreamliners are in use worldwide, carrying more than 875 million passengers over the last decade, according to Boeing. Your particular 787, delivered to Air India in 2014, had amassed 41,000 hours of flying time and just under 8,000 takeoffs and landings, according to Cirium, an aviation industry analytics firm. But none of that would have helped you. Just after takeoff, when the plane was barely 625 ft. in the air, it lost altitude and plunged into a residential area, killing all but one of the passengers and crew on board. The cause of the crash is as yet unknown. 'Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad,' said Boeing president and CEO Kelly Ortberg in a statement. 'I have spoken with Air India Chairman N. Chandrasekaran to offer our full support, and a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau.' That investigation is likely to go deeper than just Flight 171, ranging back over the 14 years the 787s have been flying—years that, it turns out, have seen numerous complaints, concerns, and whistleblower reports over the safety of the widebody jet. All of them are getting a second look today. The problems began in early 2013, when fires broke out aboard two Dreamliners owned by Japanese airlines. One plane had just landed at Boston's Logan Airport, the other was just leaving Japan and had to turn around and land. Both blazes were traced to overheating of the planes' lithium-ion batteries that power the electrical system. The Federal Aviation Administration (FAA) quickly stepped in, grounding the worldwide fleet of Dreamliners and temporarily halting the delivery of new ones to airlines that had placed orders for them. In April of 2013, the FAA accepted Boeing's fixes, which involved better insulation for the batteries and a stainless steel box that would house the batteries and prevent smoke or flames from escaping into the plane if a fire did start. The Dreamliners were cleared to fly and the company was cleared to resume deliveries within weeks of the FAA's decision. The next incident occurred in 2019 when, as The New York Times reported in an exposé at the time, John Barnett, a former quality manager who retired in 2017, revealed that he had filed a whistleblower complaint, alleging sloppy work around the wires that connect the planes' flight control systems, with metal shavings being left behind when bolts were fastened. The risk existed that the shavings would penetrate the wires' insulation, leading to consequences that Barnett called 'catastrophic.' Barnett also alleged that damaged or substandard parts were being installed in 787s, including a dented hydraulic tube that a senior manager retrieved from a bin of what was supposed to contain scrap. The FAA inspected several 787s that were said to be free of the shavings Barnett reported and found that they were indeed there, reported the Times. The FAA then ordered that Boeing correct the problems before the planes were delivered to customers. In retirement, Barnett sued Boeing, alleging that the company had denigrated his character and blocked his career advancement during his employment—charges Boeing denies. In March of 2024, he was in North Charleston, S.C., the site of the plant where he was employed, working on his case, when he was found dead in his truck from a self-inflicted gunshot wound. 'Boeing may not have pulled the trigger,' Barnett's family said in a wrongful death lawsuit it filed, 'but Boeing's conduct was the clear cause.' The company sidestepped the charge: 'We are saddened by John Barnett's death and send our condolences to his family,' Boeing said in a statement. Last year turned out to be a bad one for Boeing and the Dreamliner for reasons other than Barnett's death. In January another whistleblower, engineer Sam Salehpour, came forward, reporting that sections of the fuselage of the Dreamliner were improperly connected, with gaps that could cause the plane to break apart during flight. When the sections wouldn't fit, Salehpour claimed, workers would resort to brute force. 'I literally saw people jumping on the pieces of the airplane to get them to align,' Salehpour said in Capitol Hill testimony. 'By jumping up and down, you're deforming parts so that the holes align temporarily. I called it the Tarzan effect.' In a statement on its website, Boeing defended the integrity of the Dreamliner: 'For the in-service fleet, based on comprehensive analysis no safety issues have been identified related to composite gap management and our engineers are completing exhaustive analysis to determine any long-term inspection and maintenance required, with oversight from the FAA.' Nonetheless, in May, the FAA acted again, announcing that Boeing had been ordered to reinspect 'all 787 airplanes still within the production system and must also create a plan to address the in-service fleet.' That was not the first time the government had taken action on the problem of unacceptable gaps in the Dreamliner's fuselage. From May 2021 to August 2022, the FAA halted the delivery of new Dreamliners to airline customers while the problem was addressed. Deliveries did resume but, as Salehpour testified, so did the shoddy work on the factory floor. In March 2024, meantime, a LATAM Airlines flight from Sydney to Auckland suddenly plunged 400 ft. when the pilot's seat in the 787 lurched forward unexpectedly. The captain recovered but 10 passengers and three members of the cabin crew were injured. For now, the 1,100 Dreamliners criss-crossing the skies are still flying. That could change pending the results of the Air India investigation. Even a temporary loss of the plane—which is a workhorse for long-haul flights—could be a hardship for both the airlines and the flying public. But as the grieving families of the passengers aboard the Air India flight could attest, loss of life is much worse.
Yahoo
5 hours ago
- Yahoo
Startups show off ocean-preserving tech at Paris trade fair
Harnessing ocean currents to boost fuel efficiency of vessels, or tracking whales using sensor data and AI -- startups at Paris trade fair Vivatech have been showing off the latest innovations aimed at protecting the environment. Recently developed AI programs capable of learning from vast datasets have boosted projects trying to understand and predict real-world phenomena, several company founders told AFP. "We have to use AI because in the natural world there are too many variables" to deal with manually, said Emily Charry Tissier, a biologist and founder of Canadian startup Whale Seeker, which is developing technology to track sea mammals. Powered by "neural network" systems that ape the functioning of the human brain, the learning systems behind today's AI models "can calculate a weather forecast 1,000 times faster than a standard digital model running on a supercomputer", agreed oceanographer Alexandre Stegner. He flagged an AI model developed by his firm, Amphitrite, that he said could predict ocean currents by crunching "several layers of satellite data corresponding to different physical variables". It can forecast currents up to 10 days in advance, he said, offering sea captains "a simple way to save fuel" by slightly changing course and using currents to gain a speed boost of up to four knots. That could save operators money on fuel, reduce the carbon emissions from shipping, and avoid the classic solution of telling sea captains to reduce their speed. - Global protection push - Technologies like these were being shown off in the halls of Vivatech as the UN Ocean Conference (UNOC) drew to a close hundreds of kilometres to the south in French Mediterranean city Nice. The conference has pushed a treaty to protect 60 percent of the world's oceans closer to becoming law, with 55 signatures -- just five shy of the number required for its enactment. New technologies could be "a very good thing" for the oceans, said Andre Abreu, International Affairs Director at the Paris-based Tara Ocean Foundation. But he warned that innovation should not be harnessed to allow more fish to be caught. "That would mean shooting ourselves in the foot" on goals like preserving marine biodiversity, he said. That ambiguity can be seen in technology from OceanEyes, a Japanese startup using AI analysis of satellite data to predict sea conditions. The company hopes to cut the time fishing boats spend tracking down a catch. "A big problem in Japan is the efficiency of the fishery operations. Many fishers spend a lot of time searching for fish in the water," said boss Yusuke Tanaka. With less fuel burnt, operators will save money and greenhouse emissions can be slashed. Anticipating concerns about overfishing, OceanEyes said it also aimed to help vessels comply with recently updated Japanese regulations that oblige fishers to "ensure sustainable use of marine resources". - 'Can' vs 'should' - Whale Seeker's Tissier said technology could be used in a considered way to find sustainable solutions. "I'd like the market to recognise its own limits -- not the limits of what we can do, but what we should do," she told AFP. That attitude pushed her to refuse to work with a company that wanted to use whale detection to identify nearby fish to catch. But startups cannot grow without funding and, in the context of oceans, investments are likely to come from big firms keen to make a saving -- from fishing and ship management companies to haulage and logistics giants. This could well limit their ability to stand on principle. Stegner called for "regulations that would push the maritime sector to reduce carbon emissions". But Charry Tissier said the initiative could come from business. "Technology is developing so much faster than regulation... what I'd like is for big companies to decide for themselves to be responsible," she said. mng/tgb/jxb