Latest news with #Bitget
Gulf Today
a day ago
- Business
- Gulf Today
Crypto exchanges eye Dubai, HK as Singapore clampdown prompts exodus
Major digital-asset exchanges, including Bitget and Bybit, are considering moves to Dubai and Hong Kong after Singapore introduced stringent new rules on overseas crypto activity, according to an executive based in the UAE's International Free Zone Authority (IFZA). Last month the Monetary Authority of Singapore ordered any crypto-services provider incorporated in the city-state and serving foreign clients to obtain a Digital-Token Service Provider licence by June 30, 2025 or cease those activities. Non-compliance could incur fines of up to SGD 250,000 (Dhs734,500) and three years' imprisonment, with no grace period or 'small-player' exemption. 'This is effectively a moratorium on fresh licences, hence the migration -- or crypto exodus,' said Vikram R Singh, founder and chief executive of blockchain consultancy Antier, which recently expanded its operations in IFZA Dubai. While Singapore 'tightens the screws', Mr Singh noted that the UAE has spent three years building a dedicated rule-book for digital assets. Consultancy Sumsub estimates the country attracted $30 billion in crypto investment during 2024, a regional record. Individual investors in the UAE pay no income or capital-gains tax on crypto profits, and companies in free zones can often reduce the new 9% federal corporate tax to near zero if most business is conducted outside the Emirates. Regulation is flexible too. Federal bodies supervise mainland activity, but free-zone regulators in Dubai, the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) run their own crypto frameworks, allowing founders to 'pick the regulator that fits the business model', Mr Singh added. Dubai's credentials were underscored in April when TOKEN2049 drew about 15,000 delegates from 4,000 companies -- the world's largest crypto gathering. Local capital is also flowing: Emirates NBD's Liv digital bank and Abu Dhabi's MGX fund are backing plans for a 30-storey 'Crypto Tower' in the Dubai Multi Commodities Centre. The Dubai Financial Services Authority has recently issued guidance on tokenised securities and real-world assets, paving the way for wider institutional adoption. Antier says it is already working with UAE partners to build tokenised-asset marketplaces aligned with the emirate's digital-asset strategy. 'Dubai's proactive stance perfectly matches our real-world-asset tokenisation and digital-asset trading infrastructure,' Mr Singh said. 'As tokenisation reshapes global finance, we intend to provide the bridge between traditional markets and Web3.' With Singapore's stricter rules now in force, observers expect licence-seeking crypto firms to relocate to Dubai, reinforcing the emirate's ambition to become a leading global hub for digital assets. Related image link Vikram R Singh, chief executive of blockchain consultancy Antier Solutions
Khaleej Times
2 days ago
- Business
- Khaleej Times
Dubai is becoming Crypto's new playground as Singapore tightens regulations
Dubai is fast emerging as a magnet for global cryptocurrency players as regulatory tightening in Singapore prompts a new wave of digital asset firms to relocate to more business-friendly jurisdictions. A growing number of exchanges, including Bitget and Bybit, are actively exploring Dubai and Hong Kong as alternative hubs after Singapore introduced sweeping new restrictions on overseas crypto activity. The Monetary Authority of Singapore (MAS) announced last month that all crypto service providers incorporated in the city-state and serving international clients must obtain a Digital-Token Service Provider licence by June 30, 2025. Those who fail to comply could face fines of up to SGD 250,000 (Dh734,500) and three years in prison. With no grace period or exemptions for smaller players, the directive has triggered what industry insiders are calling a "crypto exodus." 'This is effectively a moratorium on fresh licences, hence the migration,' said Vikram R Singh, CEO of blockchain consultancy Antier, which recently expanded its operations to IFZA (International Free Zone Authority) in Dubai. 'Singapore is tightening the screws, while Dubai is opening the door wider.' The UAE's approach to digital assets offers a stark contrast. Over the past three years, the country has developed a comprehensive regulatory framework for cryptocurrencies, earning the confidence of global players seeking predictability, innovation, and favourable tax regimes. According to global compliance consultancy Sumsub, the UAE attracted crypto investments worth more than $30 billion in 2024 alone, marking a new regional high. A major draw for both individual investors and companies is the UAE's tax structure. There is no income or capital gains tax on crypto profits for individuals, while corporate entities operating from free zones can reduce the newly introduced 9 per cent federal corporate tax to virtually zero if their revenues are generated outside the country. Moreover, unlike many jurisdictions where regulatory oversight is centralised, the UAE offers multiple regulatory options. While federal authorities oversee crypto activities on the mainland, independent frameworks are administered by free-zone regulators in Dubai, the Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), and IFZA. 'This multi-regulator environment allows founders to pick the oversight that best fits their business model,' Singh said, describing the UAE as 'possibly the most pragmatic and adaptive crypto jurisdiction in the world right now.' Dubai's credentials as a crypto hub received a major boost in April when TOKEN2049, the world's largest crypto event, attracted nearly 15,000 delegates from more than 4,000 companies. The event showcased the emirate's growing influence in the blockchain and digital finance space, supported by strong public-private collaboration. Notably, local capital is also backing infrastructure to support the industry's growth. Emirates NBD's Liv digital bank and Abu Dhabi's MGX fund are jointly funding the development of a 30-storey 'Crypto Tower' in the Dubai Multi Commodities Centre (DMCC), which will house crypto startups, accelerators, and venture firms. Dubai regulators are also taking steps to prepare the financial system for the next wave of digital transformation. The Dubai Financial Services Authority (DFSA) recently issued fresh guidance on tokenised securities and real-world assets, a move seen as paving the way for greater institutional adoption. Singh said Antier is already collaborating with UAE partners to launch marketplaces for tokenised assets, aligned with the country's digital economy strategy. 'Dubai's proactive stance perfectly matches our infrastructure for real-world asset tokenisation and digital asset trading,' Singh said. 'As tokenisation reshapes global finance, we intend to provide the bridge between traditional markets and Web3.' Experts believe that Singapore's clampdown will only accelerate Dubai's ascent in the crypto ecosystem. Already home to major players like Binance, and OKX, Dubai continues to position itself as a global centre for blockchain innovation, digital finance, and tokenised markets. What sets the emirate apart is its balance of regulatory clarity and entrepreneurial freedom. While ensuring robust compliance mechanisms, Dubai encourages experimentation and growth through regulatory sandboxes and innovation-friendly policies. The Virtual Assets Regulatory Authority (VARA), launched in 2022, has been central in creating a structured yet welcoming ecosystem for digital asset firms. As more global crypto firms seek regulatory certainty and operational efficiency, Dubai's blend of infrastructure, investment climate, and strategic geographic location is proving to be an irresistible combination. With Singapore tightening its regulatory perimeter and other jurisdictions still catching up, Dubai appears poised to solidify its position as the world's next crypto capital.
Business Insider
4 days ago
- Business
- Business Insider
Bitget Lists Cross (CROSS) for Spot Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Cross (CROSS) in the Innovation and GameFi Zone, adding it to spot trading. Cross is an Ethereum-compatible Layer 1 blockchain designed for Web3 game development. Trading for the CROSS/USDT pair will commence on July 4, 2025, with withdrawals available from July 5, 2025. Trading timings to be updated. Cross Blockchain is a next-generation Web3 gaming infrastructure developed and operated by Nexus, a Korean game development company that serves as the platform's core DevCo. Cross offers plug-and-play SDKs, a gaming token protocol, and seamless interoperability. The CROSS token powers on-chain transactions, decentralized governance, and reward systems across a growing ecosystem of player-owned blockchain games. The inclusion of Cross on Bitget's platform reflects the exchange's broader strategy of embracing niche communities and tapping into the growing momentum behind GameFi. This listing is not just an expansion of offerings; it's a nod to the cultural relevance of gaming in Web3 and Bitget's focus on supporting projects that foster real user engagement, decentralized entertainment, and long-term ecosystem growth. Bitget has consistently expanded its market share in spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in various projects, the platform is now one of the top 5 crypto trading platforms, featuring over 900 assets, including tokens from ecosystems such as TON, Ethereum, Solana, Base, and more. For more details on Cross, visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. 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, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, users can contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Bitget Wraps Up Anti-Scam Month with Over 65% of Participants Successfully Identifying Crypto Fraud Tactics
VICTORIA, Seychelles, July 02, 2025 (GLOBE NEWSWIRE) -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has successfully concluded its 2025 Anti-Scam Month, a global initiative aimed at elevating user awareness and resilience against Web3 fraud. Throughout June, Bitget rolled out a series of gamified education tools, expert collaborations, and industry research to confront the rising threat of AI-enabled scams and security breaches across the crypto ecosystem. At the heart of the campaign was the Smarter Eyes Challenge, an interactive comic-based mini-game simulating real-life scam scenarios—from phishing and social engineering to fake token approvals. While only 8.60% of participants spotted all traps on their first attempt, a striking 65.41% eventually passed all three levels after receiving guided security clues, underscoring both the scale of the awareness gap and the campaign's tangible impact. Bitget published six in-depth blog posts tackling common attack vectors like SMS spoofing, fake apps, and high-risk tokens. Over 80% of users scored full marks in follow-up security quizzes, signaling a sharp improvement in scam detection capabilities following the campaign's educational content. Another flagship milestone was the release of Bitget's 2025 Anti-Scam Research Report, co-authored with blockchain security leaders SlowMist and Elliptic. The report revealed that global crypto scam losses surpassed $4.6 billion in 2024, with deepfakes and social engineering responsible for the majority of high-value attacks. The findings spotlighted the growing sophistication of AI-driven fraud, including synthetic public figure videos, Trojan-laced job offers, and fake Zoom calls used to deceive victims. Throughout the month, Bitget convened key voices in Web3 security—including Hacken, GoPlus, BlockSec, and Security Alliance—for an Anti-Scam X Space discussion. Experts weighed in on future threats, the evolving role of collaboration, and how users, platforms, and audit firms can work together to build a safer digital asset environment. 'Anti-Scam Month reflects our belief that education is the first line of defense in crypto security,' said Gracy Chen, CEO of Bitget. 'By turning passive users into active defenders, we're laying the groundwork for a more resilient ecosystem. And this is only the beginning—the Anti-Scam Hub will remain open year-round as a permanent resource for our global community.' Echoing this sentiment, Yevheniia Broshevan, Co-Founder & CBDO at Hacken, said, 'Anti-Scam Month by Bitget is a fantastic initiative and a powerful example for the industry, demonstrating how companies can raise awareness, educate users, and reduce the risk of future hacks. Education truly is a vital part of this journey.' Yajin (Andy) Zhou, Co-Founder & CEO at BlockSec, added, 'Hackers study user habits, such as copying addresses from transaction histories. Security efforts must focus on proactive defenses rather than blaming users. Security is not a solo battlefield. Blockchain platforms, compliance tools, and security firms must share threat intelligence to build a united defense system.' Michael Lewellen, Technical Council at Security Alliance, emphasized, 'Security isn't about being impossible to hack or scam users. It's just being hard enough to discourage threat actors from investing effort in the attempt. We need to harden Web3 infrastructure enough so that this ecosystem is no longer an easy, profitable target.' The Bitget Anti-Scam Hub, now permanently live, offers users ongoing access to practical safety guides, real-time scam indicators, the official verification channel, and a crypto safety kit with 24/7 global support. For more details, please visit the Bitget Anti-Scam Hub here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Associated Press
5 days ago
- Business
- Associated Press
HackerNoon Publishes: Coinzilla Delivers 75M+ Impressions, Powering Bitget's 120% Growth in One Month
Since early 2025, the campaign has delivered over 75 million targeted ad impressions. The results demonstrate how targeted campaigns, effective publisher selection, and real-time optimization can drive scalable growth for crypto brands. Edwards, Colorado, United States, July 2, 2025 -- HackerNoon, the independent tech publishing platform, published thefollowing releasetoday. Text below: Coinzilla, a leading crypto advertising platform, helped Bitget, a global cryptocurrency exchange, achieve a remarkable 120% growth in just one month through a data-driven campaign. Since early 2025, the campaign has delivered over 75 million targeted ad impressions, fueling ongoing brand momentum and user growth. The results demonstrate how targeted campaigns, effective publisher selection, and real-time optimization can drive scalable growth for crypto brands in a competitive landscape. How Coinzilla Propelled Bitget's Growth Bitget turned to Coinzilla to accelerate two major initiatives: its Welcome Bonus campaign and the expansion of its LaLiga partnership across global markets. With speed and scale in mind, Coinzilla deployed a full-funnel strategy tailored to Bitget's performance goals. Coinzilla's team managed every step, from creative strategy and publisher selection to real-time optimization. Underperforming regions were trimmed, CPMs adjusted for competitive bidding, and ad placements focused on high-performing channels. This hands-on approach maximized both reach and ROI. By outsourcing campaign execution and optimization, Bitget was able to concentrate on product development and user engagement while the advertising campaign drove measurable results. Campaign Performance by the Numbers The Bitget campaign showed how targeted advertising combined with a top-tier network and smart strategy could drive impressive growth for a crypto brand. It also demonstrated strong cost efficiency, with optimized spending that maximized reach and return on investment. Beyond numbers, Coinzilla also helped Bitget scale across key international markets such as Spain, France, Italy, Japan, Brazil, and Canada, tailoring the campaign to regional trends and user behavior for maximum relevance. Here's what Bitget shared about their experience: 'Coinzilla helped us strategically optimize our Welcome Bonus and La Liga ads, ensuring they reached the right audience on top-tier crypto sites. The results spoke for themselves – significant traffic growth and stronger engagement in just a short time.' About Bitget Bitget is a leading cryptocurrency exchange and Web3 company focused on helping users trade smarter. It serves over 100 million users across more than 150 countries and regions. The platform offers advanced trading tools, including industry-leading copy trading features, and provides real-time access to top cryptocurrencies like Bitcoin, Ethereum, and more. The Bitget ecosystem also includes Bitget Wallet (formerly BitKeep), a mighty multi-chain crypto wallet. It offers various Web3 features, including wallet management, token swaps, an NFT marketplace, and a DApp browser. Bitget is also actively driving global crypto adoption through high-impact partnerships. It is the Official Crypto Partner of the World's Top Football League, LaLiga, in Eastern, SEA, and LATAM markets. The company also supports top Turkish athletes such as: Through these partnerships, Bitget aims to inspire communities worldwide to embrace the future of cryptocurrency. About Coinzilla With nearly 10 years in crypto advertising, Coinzilla works with the industry's largest publishers to deliver targeted display advertising and a crypto-focused Marketplace. Advertisers gain fast access to premium placements across 2,000+ websites, supported by hands-on campaign management and detailed performance insights. Coinzilla's Marketplace also offers crypto PR services, helping brands distribute press releases, sponsored content, and other content to high-authority platforms. Find Out More The full campaign analysi s is available on Coinzilla's site for those interested in further detail. Follow Coinzilla on X (Twitter) and LinkedIn for updates, ongoing proven case studies, and success stories. About HackerNoon How hackers start their afternoons. HackerNoon is built for technologists to read, write, and publish. We are an open and international community of 35k+ contributing writers publishing stories and expertise for 4M+ curious and insightful monthly readers. Founded in 2016, HackerNoon is an independent technology publishing platform run by David Smooke and Linh Dao Smooke. Start blogging about technology today. About the company: How hackers start their afternoons. HackerNoon is built for technologists to read, write, and publish. We are an open and international community of 35k+ contributing writers publishing stories and expertise for 4M+ curious and insightful monthly readers. Founded in 2016, HackerNoon is an independent technology publishing platform run by David Smooke and Linh Dao Smooke. Start blogging about technology today. Contact Info: Name: Sheharyar Khan Email: Send Email Organization: HackerNoon Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89163675 In the event of any inaccuracies, problems, or queries arising from the content shared in this press release, we encourage you to notify us immediately at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our diligent team will be readily available to respond and take swift action within 8 hours to rectify any identified issues or assist with removal requests. Ensuring the provision of high-quality and precise information is paramount to us.
