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Laos Confirms 441 New Cases of Covid-19, Three Deaths

Covid-19 Update

Laos has recorded 441 cases of Covid-19 across the country today, with three new deaths.

Laos to Cut Greenhouse Gas Emissions to Zero by 2050

Laos to cut greenhouse emissions to zero by 2050
Laos to cut greenhouse emissions to zero by 2050.

The Lao Ministry of Natural Resources and Environment has defined a new climate change policy, with the goal of reducing greenhouse gas emissions to zero by 2050.

Babel Finance announces participation in Crypto Derivatives Platform Paradigm

SINGAPORE – Media OutReach – 15 February 2022 – Crypto financial service provider Babel Finance, recently announced its participation in the crypto derivatives platform Paradigm. Taking part in the US$35 million Series A funding round of Paradigm, Babel Finance’s crypto trading division can now access multi-asset, multi-protocol liquidity on demand. This can be done without compromising execution preferences, costs, or immediacy.

 

Paradigm is an institutional liquidity network for derivative traders. Babel Finance’s investment in Paradigm’s platform will allow Babel Finance’s financial services to bridge crypto finance with traditional finance. Babel Finance’s crypto lending services can easily facilitate multi-leg and multi-product strategies with underlying hedges via a single executable structure with access to Paradigm’s innovative workflow automation tools. 

 

Being one of the world’s largest crypto options traders and serving more than 500 institutional clients worldwide, Babel Finance expects its investment in Paradigm to add to its vision of making crypto finance mainstream in financial markets with institutional investors.

 

The investment will give Babel Finance increased trading precision, elimination of leg risk, and lower execution costs when trading derivatives are critical for the Babel Finance Singapore team. With these new capabilities, Babel Finance can progress and become a key service provider in crypto asset management, prime brokerage services, and crypto lending.

 

About Babel Finance

Babel Finance is a leading global crypto financial services provider that offers institutional and HNW investors professional services covering crypto lending and trading.

The company is backed by prominent investors, including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures.

With a business focus in Asia and a business headquarters in Singapore, Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds, and mining institutions.

#BabelFinance

The issuer is solely responsible for the content of this announcement.

OctaFX opens the gates for weekend crypto trading

After having a good year with enthusiastic feedback from the trading community, OctaFX has finally opened its crypto trading offer for the weekends.

KUALA LUMPUR, MALAYSIA – Media OutReach – 15 February 2022 – The cryptosphere is rattling through a rough phase, to say it mildly.

 

 

Bitcoin reached its all-time high on 8 November with a price of 67,566 U.S. dollars and experienced a downtrend until recently. As of this writing, bitcoin has recovered to 42,458 U.S. dollars from a chilling 34,774 U.S. dollars (minus 48.53% from the previous all-time high), taking the entire altcoin market with it down this spiral. For some time, industry experts were beginning to expect a comprehensive bear market to unfold before turning bullish again.

 

Then again—from an investor’s mindset—this is exactly what most should be waiting for. The famous investor Warren Buffet made expert use of the bear market that unfolded in 1973–1974 by buying assets while most market participators were in fear of acting.

 

If one goes back even further in history, at the dawn of the 19th century, the prominent banker Baron Rothschild is reported to have said:  ‘Buy when there’s blood in the streets, even if the blood is your own’.

 

For Forex trading, this is irrelevant since one can trade the up- as well as the downside of the fiat and cryptocurrency markets.

 

And up until recently, the global Forex broker offered its cryptocurrency trading only Mondays through Fridays.

 

The fintech company went a step further for 2022’s first quarter by launching its new weekend time frame option—it officially started on 5 February.

 

These are the current cryptocurrencies pairs—all paired with the world reserve currency—touched by this service upgrade.

●      BCHUSD (Bitcoin Cash/U.S. dollar)

●      BTCUSD (Bitcoin/U.S. dollar)

●      ETHUSD (Ethereum/U.S. dollar)

●      LTCUSD (Litecoin/U.S. dollar)

●      XRPUSD (Ripple/U.S. dollar)

All of these pairs come with a ratio of 1:25 maximum leverage.

About OctaFX

OctaFX is a global broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience and a top-notch service environment to over 7.5 million traders worldwide. In that sense, OctaFX has won more than 45 awards since its foundation, including the 2021 ‘Best Forex Broker Asia’ award and the 2020 ‘Most Transparent Broker’ award from Global Banking & Finance Review and Forex Awards, respectively. It’s also adamant in providing and upholding the best financial expertise, analytics, and educational programmes in the industry.

#OctaFX

The issuer is solely responsible for the content of this announcement.

No End In Sight for Trucks in Laos Stranded at Chinese Border

Trucks remain stranded at the Boten border with China in Luang Namtha
Thousands of trucks remain stranded at the Boten border with China in Luang Namtha

Authorities in Luang Namtha Province are scrambling to assist thousands of trucks and other vehicles stranded at the border with China in Boten.

Bybit Pledges Arboreal Support for Sustainability and Gender Equality in India

  • Bybit has pledged to plant and nurture 100,000 fruit trees in India through its partnership with One Tree Planted
  • Bybit recognizes the importance of giving back and responsibility towards the future generations in building a sustainable future
  • This initiative supports marginalized communities in India  — providing sustainable livelihoods and nutritious food to vulnerable families

NEW DELHI, INDIA – Media OutReach – 14 February 2022 – Bybit, one of the world’s fastest growing cryptocurrency exchanges, has pledged to plant and nurture 100,000 fruit trees across Haryana, Uttar Pradesh, Uttarakhand, Rajasthan, Maharashtra, Odisha and West Bengal in India, through its partnership with One Tree Planted.

 

Through supporting the “India 2022: Fruit Trees to Fight Hunger” project, which will run from Feb. 14, 2022 to Nov. 30, 2022, Bybit will be helping smallholder farmers in marginalized communities, by helping the participating farmers to create sustainable livelihoods and provide nutritious food for their families and community. The initiative also manifests long-term goals of  fighting pollution, conserving water and preventing soil erosion.

 

Three years after planting, each fruit tree will help generate an income of $10 per tree per year. The pledge will see through the plan to establish a steady source of income to fight hunger, malnutrition and poverty in vulnerable rural communities. The project will also create job opportunities for local women in the tree nurseries to alleviate gender inequality in underprivileged groups.

 

One Tree Planted will be building a new large-scale tree nursery in Mirzapur this year to reduce the need for sapling transportation (saving costs and carbon emissions), and improve the quality of the saplings as they are able to acclimatize to local conditions. These nurseries will employ a local workforce consisting of widowed and elderly women, who face many inequalities in already marginalized communities.

 

Bybit shares One Tree Planted’s deep-rooted vision for a greener future. In addition to economic benefits for local communities, the project will pilot a “plastic-free nursery” program, replacing plastic nursery bags with jute and paddy stalks to reduce tons of plastic waste. This will commence as a trial on a small portion of the trees in 2022, and will be rolled out further in future years. One Tree Planted has supported this project with its local partner Sustainable Green Initiative since 2017. Together, they have planted 3.5 million fruit trees across India to date. One Tree Planted has grown over 40 million trees in 43 countries since 2014.

“As Bybit expands globally, we recognize the importance of giving back to the wider society and our responsibility to ensure that future generations have the opportunity to experience a sustainable future. Issues of sustainability and inequality are close to our hearts, and that is why we are supporting organizations like One Tree Planted who are building solutions that will benefit millions in the years to come,” said Igneus Terrenus, Head of Communications at Bybit.

 

“We appreciate the support of Bybit, and all the great work we will be able to do as a result of this partnership. Through the Fruit Trees to Fight Hunger initiative we will be able to plant more trees to support the people, community, and biodiversity in India,” said Ashley Lamontagne, Forest Campaign Manager.

 

About One Tree Planted

One Tree Planted is a 501(c)(3) nonprofit on a mission to make it simple for anyone to help the environment by planting trees. Their projects span the globe and are done in partnership with local communities and knowledgeable experts to create an impact for nature, people, and wildlife. Reforestation helps to rebuild forests after fires and floods, provide jobs for social impact, and restore biodiversity. Many projects have overlapping objectives, creating a combination of benefits that contribute to the UN’s Sustainable Development Goals. Learn more at onetreeplanted.org.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.

For more information please visit: https://www.bybit.com/


For updates, please follow Bybit’s social media platforms on
https://discord.com/invite/bybit

https://www.facebook.com/Bybit

https://www.instagram.com/bybit_official/

https://www.linkedin.com/company/bybitexchange/

https://www.reddit.com/r/Bybit/

https://t.me/BybitEnglish

https://www.tiktok.com/@bybit_official

https://twitter.com/Bybit_Official

https://www.youtube.com/c/Bybit


#Bybit

The issuer is solely responsible for the content of this announcement.

Laos Confirms 216 New Cases of Covid-19, Three Deaths

Bolikhamxay Covid Update

Laos has recorded 216 cases of Covid-19 across the country today, with three new deaths.

Laos-China Railway Asks Govt Permission to Use Foreign Currency

Laos China Railway officially launched today

The Laos-China Railway Company has asked the government of Laos to allow it to use foreign currency for its transactions.