Press Release
FIRST IN SINGAPORE – BitDATA Exchange the first to launch physical Digital Payment Token Service Centre in Singapore’s Central Business District
Following the launch of its mobile app in July 2021, BitDATA Exchange (BitEx) Singapore, a homegrown regulated digital assets exchange, continues to unfold milestones with the expansion of business operations in Singapore.

Located at the heart of Singapore’s Central Business District, BitEx has set up its first Over The Counter (OTC) service desk at GB Building, along Cecil Street on 26 September 2021. The OTC desk welcomes all walk-in queries and offers fuss-free account creation on the spot. As an MAS regulated entity, Know-Your-Customer (KYC) and Anti-Money Laundering (AML) are mandatory protocols and all these can be completed over the counter where customers can start trading after authentication is done.
“We are very excited about the launch of our OTC desk at such a prominent spot in Singapore. We finally established in Singapore in 2019 and we are very thankful to be granted an exemption by the MAS from holding a license under the Payment Services Act (“PS Act”) for providing digital payment token service. Our company goes by 3 core values which are – Secure, Regulated and Professional. We strive to provide the utmost quality service to all our customers who place their trust in us”, said Ken Wong, founder and CEO of BitEx.

FUSS-FREE FIAT-CRYPTO TRADING WITH BITEX
Trained account servicing personnels will walk customers through the onboarding process thoroughly and customers can start trading in 4 easy steps:-
- Provide required documents for identity verification
- Identity card, Proof of Residency, Bank Statement, Proof of Income/Funds
- Pricing quotation will be provided upon confirming customers’ preferred trade
- Transaction will then be completed by wire transfer of funds (FIAT) from the customer’s bank account
- Customers will receive their crypto assets in their wallets
Greater convenience with FAST deposit & withdrawal of funds
The latest update to the mobile app includes FAST deposit & withdrawal of funds with a nominal fee imposed and customers can tie their accounts to their debit or credit card in Singapore currency (SGD) to complete the top-up request.
With many other exciting chapters to unfold in 2022, BitEx is in talks with partners from the lifestyle industry, ranging from electronic mobile devices to networking sessions at F&B chains, the anticipation of many other unprecedented upshift advancements goes on.

Operation details:
Opening hours: Monday to Friday, 9.00am to 12.00pm; 1.30pm to 6.00pm. Address: 143 Cecil Street, GB Building, Level 1 (Next to Huggs cafe)
About BitDATA Exchange (BitEx)
Your Trusted Portal for The Crypto-Asset World
Proudly founded in Singapore, BitDATA Exchange (BitEx) is built to provide an institutional-grade experience for our clients to trade crypto assets, including Bitcoin, Ethereum & Litecoin. BitEx’s purpose is to be a portal that brings together the world of crypto assets and finance for investors, traders, and crypto-enthusiasts. The BitEx trading platform is backed by cutting-edge technology to facilitate efficient high trading volume. We pay special attention to our clients by providing a user-centric portal with state-of-the-art security and a streamlined user experience. We are granted an exemption from holding a license under the Payment Services Act (“PS Act”) for providing digital payment token service by The Monetary Authority of Singapore. (MAS). BitEx is also a member of the Singapore Fintech Association (SFA), the Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS), and the Singapore Chinese Chamber of Commerce & Industry (SCCCI). For more information, visit www.bitex.sg
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Dubai Health and Rush University System for Health Announce Strategic Collaboration to Advance Quality of Care
Dubai, United Arab Emirates, 10th July 2026: Dubai Health has announced a strategic collaboration with Rush University System for Health, one of the leading United States-based academic healthcare systems, ranked among the nation’s top institutions for quality, patient experience, and safety. The agreement is intended to leverage the respective expertise, capabilities, and resources of both academic health systems to support improved patient outcomes and foster continuous learning, in alignment with international best practices.

The agreement was signed by Dr. Amer Sharif, Chief Executive Officer of Dubai Health and President of Mohammed Bin Rashid University of Medicine and Health Sciences, and Dr. Omar Lateef, President and CEO of Rush University System for Health and Rush University Medical Center, in the presence of His Excellency Dr. Alawi AlSheikh-Ali, Director General of Dubai Health Authority.
The collaboration outlines areas of cooperation spanning clinical programs and care models, quality and patient safety, performance management, digital health, research, and innovation activities. It also encompasses education, training, and workforce development across medical, nursing, allied health, and leadership domains.
Dr. Amer Sharif, said: “We value the opportunity to engage with Rush University System for Health, which brings together two academic health systems united in a shared commitment to advance health for humanity.”
He added: “Through meaningful knowledge exchange and mutual learning, we look forward to delivering better outcomes for the communities we serve while supporting the development of qualified talent across disciplines and reinforcing Dubai’s position as a global healthcare destination.”
Dr. Omar Lateef, said, “This strategic collaboration creates incredible opportunities to view safety, quality, and the patient experience through a global lens — one that fosters a culture defined by best practices over geographic location. While each system has developed a worldwide reputation for excellence, we have much to learn from one another, with the ultimate beneficiaries being our patients.”
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
TrueDAO Raises $10 million in Strategic Funding to Accelerate AI-Powered Financial Infrastructure
New York, USA, July 10th, 2026, Chainwire
TrueDAO announced today the completion of a $10 million strategic funding round. The round was led by Brevan Howard Digital, with participation from Zee Prime Capital and Jump Capital. The proceeds will primarily fund core AI protocol development, AI-driven risk control, security audits, global compliance efforts, and the expansion of ecosystem partnerships.
The journey to this milestone began a year ago when the TrueDAO team set out to build a decentralized financial infrastructure driven by smart contracts, on-chain reserves, dynamic adjustment mechanisms, and community governance. The initiative aimed to address challenges in the traditional crypto industry regarding yield sustainability, risk response, reserve transparency, and governance efficiency; since then, the team has successfully developed the core protocol architecture.
TrueDAO is not designed for a single blockchain application; instead, it aims to serve as a modular financial infrastructure, providing global ecosystem projects with liquidity management, reserve management, risk alerts, yield distribution, and governance support.
This funding round will focus on five key areas: refining smart contracts and protocol modules; building AI-driven risk monitoring and stress-testing systems; implementing independent security audits, real-time monitoring, and bug bounty programs; advancing legal and compliance assessments across various jurisdictions; and releasing developer documentation while expanding ecosystem partnerships.
SoLee, Head of Marketing at TrueDAO stated “Raising $10 million is a significant milestone, but it is not the finish line. While capital accelerates development, it cannot replace security, transparent governance, and genuine value creation. We remain committed to building an on-chain financial infrastructure that is auditable, verifiable, and governable.”
Following the funding, TrueDAO will advance its testnet launch, security audits, developer tools, and ecosystem integration plans, while disclosing protocol operations and reserve data in phases. Specific launch dates, token arrangements, and incentive mechanisms will be subject to official announcements and applicable laws.
About TrueDAO
TrueDAO is an AI-driven decentralized autonomous financial infrastructure project. It is dedicated to building an open, transparent, and composable on-chain financial system through the integration of smart contracts, on-chain data, AI risk analysis, dynamic value adjustment, protocol reserves, and DAO governance.
TrueDAO Website: www.truedao.ai
Contact
TrueDAO
info@truedao.ai
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
OGM Group Absorbs WAF, Strengthening Orion Funded’s Leadership in the Spanish-Speaking Prop Trading Market
Dubai, United Arab Emirates, July 10th, 2026, FinanceWire
OGM Group, the group behind Orion Funded, today announced the completion of the absorption of WAF, an emerging proprietary trading firm that experienced strong growth within the Spanish-speaking market.
The financial terms of the transaction remain confidential. While industry sources have suggested the deal could be valued in the seven-figure range.
The transaction forms part of OGM Group’s broader strategy to consolidate the proprietary trading sector through selective acquisitions and strategic transactions, while providing continuity for traders affected by firms exiting the market.
As part of the agreement, eligible WAF traders will be offered the opportunity to transition to Orion Funded at no cost. Accounts at breakeven or in drawdown will receive a new Orion account starting from the initial balance, while profitable accounts will be reviewed individually with the objective of preserving their existing balance wherever possible.
The transition is expected to be completed over the coming days and remains subject to Orion Funded’s Terms & Conditions, eligibility requirements, supported jurisdictions and compliance procedures.
David Viota Estévez, CEO of OGM Group, said:
“Over the last three years, we’ve focused on building strong companies, investing in technology and earning the trust of traders. Today, OGM Group is in a position where we can go a step further; not only by growing our own brands, but by bringing great businesses into our ecosystem and giving them the resources to grow even further. This transaction is a reflection of that vision, and it certainly won’t be the last. We’re already in conversations around several other opportunities that, if completed, will continue strengthening OGM Group over the coming months.”
Orion Funded has established itself as one of the leading proprietary trading firms serving Spain and Latin America. The company serves traders in more than 160 countries, was named Prop Firm of the Year 2025 by FundedTrading.com, is listed among the world’s leading proprietary trading firms by Prop Firm Match, and has built a strong reputation for transparent payouts, proprietary technology and operational stability.
For OGM Group, the transaction represents another step in its long-term expansion strategy as it continues investing in technology, infrastructure and strategic growth opportunities across the global proprietary trading industry.
About OGM Group
OGM Group is an international fintech group focused on proprietary trading and financial technology. Through Orion Funded and its portfolio of companies, the Group provides technology, infrastructure and trading solutions to clients in more than 160 countries while pursuing growth through product innovation, strategic acquisitions and commercial partnerships.
Legal Notice
This transaction is a commercial absorption designed to facilitate an orderly transition for eligible traders.
It does not constitute a statutory merger, legal succession or continuation of WAF as a corporate entity. WAF and Orion Funded remain separate legal entities, and Orion Funded does not assume WAF’s historical liabilities, contractual obligations or previous operations.
Any account issued by Orion Funded under this agreement is a new and independent account governed exclusively by Orion Funded’s own Terms & Conditions, trading rules, eligibility requirements, compliance procedures and supported jurisdictions.
Contact
Trexibel S.
Orion Funded
pr@orionfunded.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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