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Central Banks Resumed Gold Purchases in June


Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the most gold (21 tonnes). Central Banks Back...

Indian Analyst: World War III Already Started, BRICS Could Merge With SCO


The president of a New Delhi-based think tank believes that World War III has already begun. He also anticipates the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) merging with the Shanghai Cooperation Organization (SCO). “A single merged organization will be much more...

Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO


The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he described: “With the dollar losing its stranglehold...

Worldcoin Confirms Kenya ID Verification Pause


The CEO of Worldcoin’s founding entity confirmed on Aug. 2 that his organization has paused “World ID verifications in Kenya” and will attempt to address concerns raised by authorities. Kenya’s ICT Minister Eliud Owalo has said Worldcoin’s verification services were...

Binance Users Reach 150 Million, CZ Reveals


Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto...

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut


In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentum, witnessing substantial growth in market...

Binance Obtains Dubai License to Provide Crypto Exchange Services


The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and qualified retail investors. Dubai Virtual Assets...

Etching a new chapter enterprise AI solution in the APAC region


Trescon is set to organize the 42nd edition of the World AI Show, a global platform showcasing the latest trends and innovations in enterprise AI solutions. This highly anticipated event will be held on August 2-3, 2023, at the prestigious Marina Bay Sands Expo and Convention Centre in Singapore...

The World CX Summit 2023: Driving business growth


The World CX Summit, organized by Trescon, is set to be hosted in Singapore on 2nd-3rd August 2023 at Marina Bay Sands Expo and Convention Centre. The Summit will bring together leading technology mavens, CX specialists, and innovators to share their actionable insights and discuss successful...

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