Latest news with #UPCX
Associated Press
03-06-2025
- Business
- Associated Press
UPCX Becomes the Official Community Partner of Coinfest Asia 2025
Singapore, June 03, 2025 (GLOBE NEWSWIRE) -- Open-source payment platform UPCX has become the official community partner of Coinfest Asia 2025! This highly anticipated, world-renowned cryptocurrency and Web3 event will take place on August 21-22, 2025, in Bali, Indonesia. UPCX will join blockchain leaders, developers, investors, and crypto enthusiasts from around the globe in this grand festival of blockchain innovation, contributing to the promotion and development of Web3 technology across Asia. Coinfest Asia 2025, themed 'Full Moon,' symbolizes new opportunities and optimism for the crypto industry following the Bitcoin halving. The event is expected to attract over 10,000 participants from more than 90 countries, including industry leaders, startups, investors, and Web3 enthusiasts. The event will cover cutting-edge topics such as blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 innovation. Through inspiring speeches, interactive experiences, and industry showcases, attendees will enjoy an unparalleled immersive experience. As an official community partner, UPCX will actively participate in all aspects of Coinfest Asia 2025, showcasing its latest advancements in blockchain technology and connecting with key players in the global Web3 ecosystem. UPCX is committed to promoting the wide adoption of digital assets through its efficient and decentralized blockchain solutions, providing users with secure and convenient financial services. This partnership not only underscores UPCX's influence in the blockchain industry but also offers a great opportunity for the global community to explore its innovative technologies. UPCX Special Offer: To celebrate this partnership, UPCX is offering a 20% ticket discount for Coinfest Asia 2025. Use the promo code CA20UPCX at to redeem your discount. As tickets are limited, it is recommended to purchase early to ensure you don't miss this blockchain extravaganza! 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. UPCX Whitepaper 1.0 UPCX Linktree Media Contact Company Name: UPCX team Contact: Jiso Liu Email: [email protected] Website: Website: Email: [email protected] Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Jiso Liu info(at)
Business Upturn
09-05-2025
- Business
- Business Upturn
UPCX Dubai 2049 KOL TOUR Review: Reliving the Desert, Real Connections
Singapore, May 09, 2025 (GLOBE NEWSWIRE) — On May 2, 2025, beneath the golden dunes of Dubai, a distinctive Web3 gathering quietly unfolded. Following the success of the inaugural 'Proof of Connect' event in Bangkok, AllSpark Research once again joined forces with UPCX to curate this KOL Tour, serving as a flagship side event during TOKEN2049 week and marking a significant milestone for the global 'Proof of Connect' series in the Middle East. More than a brand event, it was an experiment in offline connection, collision, and reflection. This article takes you through the event, recreating the highlights, real exchanges, key takeaways and reflections from the Desert Safari, and looking forward to the new direction of UPCX's global journey. Genuine Interaction: Seeds of Trust and Collaboration Choosing the Dubai desert as the stage was itself a bold innovation. On the day of the event, over 33 Web2 and Web3 key opinion leaders (KOLs) from Dubai, India, Thailand, Turkey, Spain, the United States, and the Philippines crisscrossed the dunes and engaged in conversations under the stars. Dune-bashing, camel rides, sunset photography, VIP tented dinners, dialogues between guitar and oud, Khaleeji dance, and fire performances—all these experiences blended the pioneering spirit of Web3 with the vibrant culture of Arabia. It was precisely these immersive cultural experiences and the open environment that brought participants closer, sparking curiosity and enthusiasm for innovation and collaboration. In such a friendly and free setting, everyone let go of their online personas, quickly building authentic connections and mutual trust. On this foundation, the core significance of the KOL TOUR gradually emerged—it was not only a feast of culture and experience, but also a practice of making UPCX 'seen,' 'experienced,' and 'challenged' in real-world scenarios. The UPCX team did not shy away from any doubts, but rather welcomed every question with openness. Whether it was high throughput, financial-grade security, Web2 and Web3 integration, or ecosystem openness, these topics became focal points for onsite discussion. What left the deepest impression was the face-to-face dialogue between the team and KOLs on 'the future of payments.' As one KOL from Thailand noted, 'UPCX's vision is ambitious, but what moved me most was their willingness to communicate transparently and face challenges head-on, rather than simply bragging.' The event featured live demonstrations and interactive experiences, allowing participants to use mobile wallets to test transfers and explore the DApp ecosystem—these hands-on experiences further deepened everyone's understanding of UPCX's technology and ecosystem. UPCX's brand image also received a substantial boost from the event. Many KOLs shared on X (formerly Twitter) that offline interactions gave them a sense of authenticity and trust in UPCX—'it's no longer just a name in a whitepaper.' Unlike traditional online AMAs, face-to-face exchanges in the desert made trust-building much easier. UPCX CMO Koki Sato participated throughout, sharing candidly on everything from industry trends and product details to community governance and compliance strategies. The event also included special discussion sessions where KOLs freely shared suggestions on product design, marketing, and ecosystem collaboration. Notably, the on-site lucky draw and cultural performances interspersed throughout the event effectively lightened the mood and fostered more cross-cultural interaction. Many KOLs remarked that these relaxed social moments turned what were once 'online-only' partners into real-world friends, planting the seeds for ongoing ecosystem development. Impact and Communication: Igniting Global Connections According to statistics, this KOL TOUR attracted over 500 KOL and media applications, with 33 key influencers ultimately attending in person, representing Asia, Europe, the Middle East, and North America. Event-related content was widely shared on platforms such as X, Telegram, and YouTube, as well as covered in depth by over ten media outlets including CoinRank, Coindar, and Coinedition, with total exposure surpassing 10 million impressions—greatly enhancing UPCX's global recognition. Yet even more valuable than the data is the spontaneous word-of-mouth. As one KOL wrote on X: 'Talking to the UPCX team face to face, I finally understood their technology and ambition. The conversation under the desert stars was unforgettable.' As a result, UPCX's brand gained not only technical credibility but also genuine human appeal and a global outlook. This tour was not only a brand validation for UPCX, but also an inspiration for the Web3 industry—at a time when the digital wave is surging ahead, the value of offline connection is becoming ever more prominent. Face-to-face interaction grounds trust, makes technology tangible, and infuses the community with warmth—an authentic experience that online activities simply cannot replicate. Conclusion: The Power of Connection, the Prelude to Innovation The Dubai 2049 KOL TOUR is another key milestone in UPCX's global expansion. Next, UPCX will make an appearance at WebX in Tokyo. As CMO Koki Sato stated, there will be more offline KOL events, AMAs, livestreams, and co-creation activities in more countries to further expand global ecosystem and community influence. For readers interested in Web3 innovation and the transformation of payments, UPCX's global journey is well worth following. Whether you're an industry veteran or a curious newcomer, this offline experiment 'from the desert to the world' reveals even greater possibilities for Web3 connectivity. Can UPCX continue to amplify the power of 'authentic connection,' and drive the decentralized evolution of payments and finance? Time will tell. As one participant put it: 'True Web3 is not just about code and protocols, but about trust and connection between people.' From Dubai to the world, UPCX's journey of innovation has only just begun. 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. UPCX Whitepaper 1.0 Linktree
Associated Press
21-04-2025
- Business
- Associated Press
UPCX Sponsors WebX2025, Showcasing at Tokyo's Global Web3 Summit
Tokyo, Japan, April 21, 2025 (GLOBE NEWSWIRE) -- UPCX, a leading blockchain payment system provider, has announced that it will be one of the main sponsors of WebX2025, which will be held in Tokyo from August 25 to 26, 2025. This event is Asia's largest global Web3 conference, attracting professionals, entrepreneurs, investors, government officials, and media from around the world in the fields of crypto assets, blockchain, and Web3 technologies. During the two-day conference, UPCX will have a dedicated booth to showcase the unique features and core products of its innovative payment system to attendees. The UPCX payment platform focuses on efficiency, security, and user-friendliness, leveraging advanced blockchain technology, including a high-performance Layer-1 blockchain architecture, cross-chain interoperability protocols, and smart contract support, to provide users with a seamless global payment experience. Its main products include the UPCX Wallet, decentralized finance (DeFi) services, and a payment gateway supporting multi-asset transactions, all aimed at promoting the widespread adoption of blockchain technology in the financial sector. By participating in WebX2025, UPCX will not only demonstrate its technological strength but also establish closer connections with key players in the global Web3 ecosystem, accelerating its strategic expansion in the Asia-Pacific and global markets. As part of its Asia-Pacific market expansion, UPCX was recently listed on BitTrade, a cryptocurrency exchange certified by Japan's Financial Services Agency. This milestone demonstrates UPCX's commitment to compliance and market credibility. Leveraging Japan's strict regulatory environment, UPCX has further enhanced the platform's credibility and user trust, providing a safer and more reliable blockchain payment solution for users worldwide. WebX2025 offers UPCX an ideal platform to showcase its technological advantages and market achievements to a global audience. Koki Sato, Chief Marketing Officer of UPCX, stated: 'We are honored to sponsor WebX2025, which provides an excellent platform for UPCX to engage with leaders of the global Web3 industry and showcase our innovative payment solutions. UPCX is committed to reshaping financial services through blockchain technology, and we look forward to exploring future development opportunities with partners from Japan and around the world at WebX2025.' WebX2025 will provide participants with the opportunity to interact directly with leading global companies, experts, and decision-makers, covering the latest trends and applications in crypto assets, blockchain technology, and the Web3 ecosystem. Through booth demonstrations, technical sharing, and interactive sessions, UPCX will convey its vision and achievements in the blockchain payment sector to a global audience. 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. UPCX Whitepaper 1.0 UPCX Linktree Media Contact Company Name: UPCX team Contact: Jiso Liu Email: [email protected] Website: Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Jiso Liu Jiso Liu info at
Yahoo
01-04-2025
- Business
- Yahoo
Hacker Steals $70 Million in UPC Tokens After Gaining Control of UPCX Smart Contract
A hacker gained unauthorized access to the UPCX payment platform's smart contract, stealing 18.4 million UPC tokens valued at $70 million. The theft was flagged by blockchain security firm Cyvers, which traced the suspicious activity to a contract upgrade by the attacker. This upgrade allowed them to withdraw funds from three management accounts. In response to the breach, UPCX halted deposits and withdrawals and assured users that their personal funds were safe. The incident caused a significant dip in the UPC token price, dropping 7% initially and continuing to fall after the attack. From a high of $4.06, the price dropped to $3.52. The token's recent surge in value, driven by a rally earlier in the year, likely made it an attractive target for the hacker. However, the stolen tokens remained in a single Ethereum wallet and had not been swapped for other assets at the time of reporting. This attack follows patterns seen in previous exploits, according to Cyvers' co-founder Meir Dolev. He pointed out that compromised credentials and flawed access control mechanisms were often to blame for such breaches. He noted that these issues accounted for over 80% of Web3-related losses in 2024. Dolev also stressed the importance of improving security measures, particularly for wallet permissions and multisignature implementations, to prevent future incidents. The hack caused significant disruption to UPCX, a relatively new project that had been expanding its presence in niche markets, especially Southeast Asia. Despite launching its mainnet and introducing a native wallet, UPCX's reliance on the Ethereum network for most of its operations and smart contracts left it vulnerable to attacks like this one. Although the protocol offers limited trading on exchanges like and MEXC, the breach triggered an outflow of users, with hundreds of wallets emptying their UPCX balance. In addition to the stolen funds, the hack raised concerns about UPCX's token circulation. At the time of the attack, only 4.14 million UPC tokens were in circulation, with more than 50% of the total supply held by a few large wallets, including those controlled by the project's team. Most of the remaining tokens are locked under a long-term vesting schedule. The hacker's wallet now holds the largest portion of the stolen UPC, and the limited liquidity options for the token may make it difficult to offload these funds. As UPCX works to investigate the breach, the loss of $70 million marks one of the largest crypto hacks of 2025, surpassing the total stolen in March, which was only $33 million. The platform is under scrutiny to determine how the breach occurred and to implement stronger security protocols moving forward. Sign in to access your portfolio
Associated Press
28-03-2025
- Business
- Associated Press
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
