Tech

BingX Names Five KOL Trading Legends Finalists and Opens Champion Vote
Tech

BingX Names Five KOL Trading Legends Finalists and Opens Champion Vote

Pakistan, September 1, 2026 — BingX, the world’s leading multi-asset trading platform, today named the five finalists advancing to the grand final of KOL Trading Legends, its futures trading competition for leading crypto content creators, and opened a public voting campaign inviting eligible users to pick the eventual champion. Voting runs until September 7 for a share of up to $1,000,000 in trading vouchers, ahead of the 60-minute live final on September 8. The competition opened with a three-day qualifying round from August 24 to 26 (UTC+8), in which invited creators competed and were ranked by return on investment on a public leaderboard. Only the top five advanced. They now meet in a single 60-minute head-to-head final, streamed in full on  BingX’s Official X Account on September 8. The finalists, in qualifying order: From September 1, 00:00 to September 7, 23:59 (UTC+8), registered BingX users can visit the campaign page and vote for the finalist they believe will take the title. Each participant may back one finalist. Where a participant votes more than once, the first vote stands. Participants who pick the eventual champion receive a $50 position voucher, redeemable with no minimum trading requirement. Participants whose pick does not win receive a $15 position voucher, which unlocks after $5,000 in trading volume. Both vouchers support leverage of up to 10x and are valid for seven days from the date they are issued. The finalist who attracts the most votes receives a $500 trial fund, applied at a 50 per cent offset ratio, subject to a futures balance requirement and valid for seven days. “KOL Trading Legends reflects our belief that the future of trading is built on transparency and community,” said Kevin Lee, Chief Strategy Officer at BingX. “Five leading creators will compete under identical conditions with their results in full public view, and the campaign gives our users a direct stake in the outcome. As we continue our evolution as a multi-asset trading platform, initiatives like this deepen the relationship between BingX, its creators, and the communities they serve.” The 60-minute final will be streamed live on BingX’s Official X Account on September 8, at 20:00 (UTC+8). A limited airdrop will also be distributed during the broadcast with one entry per viewer. About BingX Founded in 2018, BingX is the world’s leading multi-asset trading platform, serving more than 40 million users worldwide. From crypto to traditional markets, BingX connects users with a broad range of assets, markets, and opportunities through one unified trading platform. With perpetual futures, TradFi offerings, spot trading and copy trading, alongside AI-powered products and solutions, BingX delivers a reliable and responsive trading experience designed to help traders navigate evolving markets and act on opportunities with greater confidence and efficiency. BingX has been the Principal Partner of Chelsea FC since 2024 and became the first Official Crypto Exchange Partner of Scuderia Ferrari HP in 2026. For more information, please visit: https://bingx.com/

PTA And Google Sign MoU To Strengthen Child Online Safety In Pakistan
Tech

PTA And Google Sign MoU To Strengthen Child Online Safety In Pakistan

The Pakistan Telecommunication Authority (PTA) and Google LLC have signed a Memorandum of Understanding (MoU) aimed at strengthening child online safety and promoting responsible use of digital platforms across Pakistan. The agreement was signed in Islamabad on August 20, 2026, with the initiative focusing on children, parents, teachers and caregivers. Under the MoU, PTA and Google will jointly work on a Child Safety Program designed to improve awareness, education and capacity-building around online safety. Child Safety Program To Focus On Awareness And Education The partnership will provide parents and teachers with practical tools and resources to help children navigate the increasingly digital environment safely. The program will focus on developing greater awareness of online risks while encouraging responsible and informed use of digital platforms. A key part of the initiative will be the development of online safety awareness content in English as well as local languages, allowing information to reach a wider audience across Pakistan. Training Programs Planned For Educational Institutions PTA and Google will also collaborate on training programs in educational institutions. The sessions are expected to help teachers, parents and other caregivers better understand online safety issues and provide them with practical resources for guiding children in their digital activities. The initiative recognises that protecting children online requires more than technological safeguards. Digital literacy, parental awareness and responsible online behaviour are also important components of a safer digital environment. Nationwide Outreach Campaign Planned The MoU also includes plans for a nationwide outreach campaign aimed at connecting millions of Pakistani families with localized online safety resources and tutorials. The campaign could help expand access to information about safe online practices beyond schools and formal training sessions. By providing resources in locally relevant languages, the initiative aims to make online safety guidance more accessible to families across different parts of Pakistan. PTA Highlights Need For Collective Action Speaking at the signing ceremony, PTA Chairman Maj. Gen. (R) Hafeez Ur Rehman, HI (M), SI highlighted the importance of collective efforts and cooperation among stakeholders to protect children in an increasingly digital environment. The PTA chairman stressed the need for collaboration between relevant institutions and technology stakeholders as children become increasingly exposed to online platforms and digital services. Digital Literacy A Key Part Of Online Protection Dr. Khawar Siddique Khokhar, Member (Compliance & Enforcement), PTA, emphasised the importance of promoting digital literacy and responsible use of online platforms. Greater digital awareness can help children and families better understand online risks while making more informed decisions about digital services and content. The focus on parents and teachers is particularly important because they often play the first line of guidance for children using smartphones, social media, educational platforms and other online services. Building A Safer Digital Environment The PTA-Google partnership reflects a shared effort to strengthen online safety awareness in Pakistan. As internet access and digital services continue to expand, children are becoming increasingly connected to the online world. This creates opportunities for education, communication and creativity but also increases the importance of protecting young users from potential online risks. The new collaboration seeks to address this challenge through awareness campaigns, localized educational material, institutional training and practical online safety resources. PTA And Google Partnership Could Expand Digital Safety Awareness The MoU represents an important step toward improving child online safety awareness in Pakistan. Its effectiveness will ultimately depend on the reach and implementation of the planned programs, particularly whether localized resources and training can reach families and educational institutions across the country. With millions of Pakistani children increasingly engaging with digital platforms, strengthening the ability of parents, teachers and caregivers to guide young users could play an important role in creating a safer, more responsible and digitally literate online environment.

PM Shehbaz Felicitates Google on Opening of Pakistan Office, Terms It Milestone in Digital Partnership
Pakistan, Tech

PM Shehbaz Felicitates Google on Opening of Pakistan Office, Terms It Milestone in Digital Partnership

ISLAMABAD, Aug 18 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday unveiled the foundation plaque of Google’s Pakistan office, and described it as a significant milestone in the country’s digital transformation journey. Prime Minister Welcomes Google Delegation Addressing the delegation here at the Prime Minister’s Office, PM Shehbaz Sharif said it was the delegation’s first visit to Pakistan, adding that he hoped it would be followed by many more in the times to come. He said Google was a household name not only in Pakistan but across the world, and that there existed great scope for building a wonderful partnership with the company to enhance bilateral engagement in multiple areas. Pakistan’s Digital Transformation and Youth Potential The prime minister termed it an interesting coincidence that the visit was taking place at a time when Pakistan was undergoing a major digital transformation across various areas of governance, and noted that the country’s youth bulge could be leveraged to turn around Pakistan’s economic fortunes. Google Highlights Long-Term Commitment to Pakistan Vice President of Google, Wilson L. White, said it was a profound honour to be on his first visit to Pakistan, calling it a great milestone achieved on the day. He said the occasion marked the culmination of a long-standing commitment, as Google had been investing in and committed to Pakistan for over a decade, and that the opening of its local office was a very special moment. Google Supports Pakistan’s IT Export Ambitions He said the prime minister’s ambition of making Pakistan a US$30-billion IT export hub was very much aligned with Google’s own goals. He informed the meeting that over the past ten years, Google had contributed to more than Rs 3.9 trillion of economic activity for local Pakistani businesses and households, supporting over 960,000 jobs, adding that this was just the beginning. Google Commits to Pakistan’s IT Export Goals The Google Vice President said the company was committing to Pakistan’s IT export goals in three major ways: by investing in Pakistani people, in manufacturing and infrastructure around export hardware, and in local businesses. He said Pakistan’s digital transformation was only possible through investment in its people, and that Google had already contributed to the upskilling of over one million Pakistanis through its career certificate programmes, in collaboration with schools and teachers, to prepare them for the digital transformation ahead. Free Google Gemini Subscriptions for Students He further announced that Google Gemini subscriptions would be made free for all students in Pakistan for one year, with a formal announcement to follow later in the week. Senior Officials Attend Foundation Plaque Unveiling The prime minister, along with the Google delegation, was flanked by United States Charge d’Affaires Natalie Baker and Federal Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja during the unveiling of the foundation plaque of the Google Pakistan office. PM Felicitates Google Team and Pakistani Officials Prime Minister Shehbaz Sharif felicitated the Google team and Pakistani officials on the occasion, calling it a wonderful day for the partnership and a stepping stone towards a long journey of collaboration in a field he described as both attractive and the need of the hour. Government to Empower Youth Through Technology He said the government would empower Pakistan’s youth through modern tools, techniques and technology, and thanked Google Vice President Wilson for visiting Pakistan, expressing hope that the visit would translate into dozens of such visits every year. He remarked that the partnership would blossom like a beautiful flower.

Pakistan To Develop Lithium-Ion Battery Standards For Electric Vehicles
Tech

Pakistan To Develop Lithium-Ion Battery Standards For Electric Vehicles

The Ministry of Industries has directed the Pakistan Standards and Quality Control Authority (PSQCA) to develop standards for lithium-ion batteries used in electric vehicles (EVs), as Pakistan moves to strengthen safety and quality requirements for its emerging electric mobility and energy storage industries. The move comes as the government works with industry stakeholders to finalise the Next Generation Energy Storage Policy 2026-2033. Engineering Development Board (EDB) Chief Executive Hammad Mansoor is expected to present an updated version of the policy at an upcoming stakeholders’ meeting. A senior official of the Ministry of Industries said PSQCA had been asked to develop the necessary standards while the broader energy storage policy was being prepared. The initiative aims to establish a regulatory framework for EV-grade batteries, including requirements covering safety, durability, thermal management, battery management systems and performance under Pakistan’s road and weather conditions. Pakistan Needs EV-Grade Battery Standards Pakistan currently has no dedicated standards for advanced lithium-ion battery packs designed for four-wheeled electric vehicles. The official explained that the country mainly has access to basic consumer-grade lithium batteries used in products such as mobile phones and laptops. However, EV battery systems operate at much higher voltages and capacities and require more advanced industrial safety and performance standards. Electric vehicle battery packs must be capable of handling significant electrical loads while maintaining safety during charging, driving, accidents, extreme temperatures and other demanding conditions. The government therefore wants PSQCA to establish standards that can be incorporated into the proposed Next Generation Energy Storage Policy. The standards could also provide clearer requirements for manufacturers, assemblers and importers entering Pakistan’s growing EV market. EV Industry Seeks Local Battery Manufacturing Several EV assemblers operating in Pakistan have expressed willingness to work with the Engineering Development Board on establishing facilities for lithium-ion battery assembly or cell manufacturing. The development of local battery production could support the government’s broader efforts to increase domestic manufacturing and reduce dependence on imported components. However, officials believe safety standards must be established before the industry expands significantly. The standards would also apply to imported batteries to ensure that products entering Pakistan meet minimum requirements for safety, durability and performance. The ministry official said standards were necessary to ensure that imported lithium-ion batteries are safe and durable under local operating conditions. Battery Safety And Abuse Testing One of the major components of the proposed framework is Cell Safety and Abuse Testing. The standards are expected to include extreme stress validation to determine how battery cells behave under potentially dangerous conditions. The proposed testing framework could require cells to undergo computerised and physical destruction tests, including mechanical crushing, overcharging and thermal abuse. The objective would be to ensure that batteries do not catch fire or become dangerously unstable when subjected to severe stress. Such testing is particularly important for EV batteries because damage to individual cells can potentially trigger thermal events that spread across an entire battery pack. The proposed standards would therefore establish minimum safety requirements before batteries can be used in electric vehicles. Battery Management Systems Need Regulation Another key area identified by the ministry is the Battery Management System (BMS). BMS technology monitors and manages battery cells during charging and operation. It can track parameters such as voltage, temperature and battery condition and intervene when operating conditions become unsafe. According to the ministry official, Pakistan currently has no dedicated regulations covering BMS technology for EV batteries. The proposed standards would require smart BMS systems capable of responding rapidly to abnormal voltage conditions. Microsecond-level cutoffs could be required to protect battery cells from overvoltage and undervoltage conditions. Such problems can contribute to cell swelling and other battery failures. Establishing BMS requirements would therefore become an important part of the country’s EV battery safety framework. Thermal Safety And Fire Containment Pakistan’s climate also creates specific challenges for lithium-ion battery operation. The proposed standards include requirements for Thermal Defect Logging to ensure batteries remain functional and safe under local temperatures and environmental conditions. Another important requirement would be a Fire Containment mechanism. Under the proposed framework, finished battery packs could be required to incorporate materials such as aerogel or fire-retardant epoxy sheets. These materials can help limit heat transfer between battery modules if a single cell experiences a failure. Containing heat within a damaged section could reduce the risk of thermal propagation and help prevent a single-cell failure from developing into a larger battery fire. Batteries To Face Pakistan-Specific Durability Tests The proposed framework would also introduce a Pakistani Road Durability requirement. Under this standard, battery packs would have to withstand a one-metre drop onto bare concrete without developing structural cracks, leaks or internal damage. The requirement is intended to ensure that battery packs can withstand the physical stresses associated with Pakistan’s road conditions and vehicle operating environments. The standards would also address environmental protection. Battery packs would need suitable dust shields and weatherproofing, including protection against water exposure. This is particularly important in Pakistan because heavy rainfall, flooding and monsoon conditions can expose vehicles and their electrical systems to significant amounts of water. Water-submersion resistance would therefore be an important consideration for EV battery design. Policy Could Support Pakistan’s EV Industry The development of lithium-ion battery standards could provide greater certainty to EV manufacturers, assemblers, importers and potential battery producers. A clearly defined regulatory framework could help manufacturers understand the technical requirements for selling or producing EV batteries in Pakistan while giving consumers greater confidence in battery safety and reliability. The initiative also fits into the government’s broader efforts to promote electric mobility and develop domestic energy storage capabilities. With the Next Generation Energy Storage Policy 2026-2033 under development, battery standards could become a key component of Pakistan’s transition toward electric transportation and cleaner energy technologies. The final standards will determine how EV-grade batteries are tested, certified and regulated in Pakistan. Their implementation could also influence future investment in local battery assembly and manufacturing.

Pak Datacom Shifts NBP, OGDCL & AGPR Satellite Connectivity to UAE Based Yahsat, Raising Security Concerns
Tech

Pak Datacom Shifts NBP, OGDCL & AGPR Satellite Connectivity to UAE Based Yahsat, Raising Security Concerns

Pak Datacom has shifted the satellite based connectivity of around 400 National Bank of Pakistan (NBP) branches, along with connectivity serving Oil and Gas Development Company Limited (OGDCL) and the Accountant General Pakistan Revenues (AGPR), from its previous Paksat based network to Yahsat, a satellite operator based in the United Arab Emirates. The move has triggered a serious debate over Pakistan’s control of sensitive communications infrastructure, particularly because National Bank of Pakistan handles government accounts, including accounts linked to defence related operations. The concerns were raised by former Pak Datacom Chief Executive Officer Brigadier Syed Zulfiqar Ali, Retired, in a complaint and letter addressed to the Ministry of IT and Telecommunication. Why the Pak Datacom Satellite Connectivity Shift Matters For around five years, Pak Datacom reportedly provided satellite based backup connectivity to approximately 400 NBP branches through VSAT hubs located in Karachi and Islamabad. Paksat was used as the satellite platform. The former CEO described that arrangement as a secure and largely indigenous setup. The new arrangement, however, reportedly involves both the satellite and the hub being located in the UAE. That distinction is critical. Satellite connectivity is not merely a commercial telecommunications service when it supports a financial institution responsible for government accounts. The infrastructure can become part of the broader security architecture through which sensitive financial and administrative information is transmitted. The former CEO has therefore urged the Ministry of IT and Telecommunication to examine whether shifting such connectivity outside Pakistan creates unacceptable strategic vulnerabilities. NBP Government Accounts Put Security Risk Under Spotlight The strongest criticism concerns NBP’s unique position within Pakistan’s financial system. National Bank of Pakistan serves as a major banking channel for government transactions. According to the complaint, this includes government accounts associated with defence. That makes the question considerably bigger than a routine technology procurement decision. If critical backup connectivity depends on infrastructure physically controlled outside Pakistan, policymakers need to establish exactly what information can be exposed, where network management is performed, who controls the infrastructure and what legal protections apply if a security incident occurs. The issue is particularly sensitive because the former CEO has warned that the satellite and hub are both located in the UAE. Can a VPN Completely Address the Concern? Pak Datacom reportedly maintains that the connectivity is protected through a Virtual Private Network over Yahsat. However, the former CEO argues that using a VPN does not automatically eliminate the underlying security risks. This criticism deserves serious consideration rather than being dismissed as a technical disagreement. A VPN can strengthen confidentiality and network security, but it does not change ownership of the underlying satellite infrastructure or physical location of network equipment. Pakistan’s authorities should therefore conduct an independent security assessment rather than assuming that encryption alone resolves the strategic concerns. Pakistan Needs Indigenous Satellite Infrastructure The controversy also highlights a larger weakness in Pakistan’s digital security strategy. Pakistan has increasingly digitized banking, government payments and critical infrastructure, yet dependence on foreign controlled communications infrastructure remains a strategic concern. An indigenous satellite connectivity architecture could provide greater control over critical communications, particularly for institutions handling sensitive government, financial and defence related information. The government should therefore investigate the decision transparently, assess the security implications and determine whether adequate safeguards exist under the new arrangement. The central question is not simply why Pak Datacom moved from Paksat to Yahsat. The more important question is whether Pakistan is comfortable placing critical connectivity infrastructure outside its jurisdiction when domestic alternatives are available. That question now requires a clear answer from the Ministry of IT and Telecommunication.

World’s Largest Battery-Powered Aircraft X1 Completes First Flight
Tech

World’s Largest Battery-Powered Aircraft X1 Completes First Flight

The world’s largest fully battery-powered aircraft has taken its first flight, marking a significant step in the development of electric aviation and the effort to reduce the industry’s dependence on conventional jet fuel. Known as the X1, the aircraft was developed by Los Angeles-based Heart Aerospace. The 30-seat aircraft completed a 27-minute test flight using battery power alone, demonstrating electric propulsion technology at a scale closer to commercial regional aviation. The X1 took off from Plattsburgh International Airport in New York on August 12. It reached an altitude of approximately 1,100 feet during the flight and carried only a pilot as part of the early-stage test programme. Heart Aerospace said the aircraft used roughly $5 worth of electricity during the test flight. However, the figure represents only the electricity consumed and should not be interpreted as the aircraft’s total operating cost. X1 Aircraft Completes 27-Minute Flight The X1 has a wingspan of approximately 106 feet and measures 76 feet from nose to tail. The aircraft weighs more than 25,000 pounds and has a 30-seat configuration. During its maiden flight, the aircraft relied entirely on battery power for propulsion. The 27-minute flight was designed to demonstrate the performance of the electric propulsion system and gather important technical data for the company’s future aircraft programme. Heart Aerospace founder and CEO Anders Forslund described the test flight as an important demonstration of electric aviation technology. “With the first flight of X1, Heart Aerospace has demonstrated electric flight at the scale of a commercial airliner,” Forslund said in a statement. The achievement is significant because battery-powered aviation faces major challenges related to weight, energy density, range and charging infrastructure. Larger aircraft require substantial amounts of energy, while batteries remain considerably heavier than the equivalent energy stored in conventional aviation fuel. $5 Electricity Cost Does Not Mean $5 Flight The reported $5 electricity cost attracted attention because of its extremely low figure compared with conventional aircraft operating expenses. However, Heart Aerospace’s figure covers only the electricity consumed during the 27-minute test flight. It does not include the cost of the pilot, maintenance, airport charges, financing, insurance or other operating expenses. It also excludes battery depreciation and potential battery replacement costs. The figure should therefore be understood as the electricity bill for the experimental flight, rather than the overall cost of operating an aircraft. The distinction is important when comparing electric aircraft with conventional commercial planes. Although electricity could eventually reduce energy costs, airlines would still have to account for maintenance, crew, infrastructure, financing and other expenses. X1 Supports Heart Aerospace’s ES-30 Programme The X1 is primarily a technology demonstrator and is not intended to enter commercial passenger service in its current form. Instead, the aircraft is being used to test technology for Heart Aerospace’s larger commercial project, the ES-30. The ES-30 is a 30-seat hybrid-electric regional aircraft that Heart Aerospace hopes to introduce into service by 2031. Unlike the fully battery-powered X1 test aircraft, the ES-30 will use a hybrid-electric propulsion system. The hybrid configuration is designed to provide greater range and overcome some of the limitations associated with using batteries alone. The company believes hybrid-electric aircraft could be particularly suitable for short regional routes where lower fuel consumption and reduced emissions could provide economic and environmental advantages. Airlines Show Interest In Hybrid-Electric Aircraft Heart Aerospace’s ES-30 has already attracted interest from major airlines, including United Airlines, Air Canada and JSX. Airlines are examining the potential of hybrid-electric aircraft as they look for ways to lower operating and maintenance costs while reducing their exposure to fluctuations in jet fuel prices. For regional aviation, where aircraft often operate relatively short routes, electric and hybrid-electric propulsion could eventually become more practical than on long-haul flights. However, commercial deployment will depend on technological improvements, regulatory approval, charging infrastructure and the ability to operate aircraft safely and reliably under real-world conditions. Electric Aviation Faces Major Challenges The first flight of the X1 represents an important technological milestone, but it does not mean fully electric passenger aviation is ready for widespread commercial use. Battery technology remains one of the biggest challenges facing the sector. Aircraft require high energy density because every additional kilogram of battery affects performance, range and payload capacity. As a result, fully battery-powered aircraft are currently more suited to smaller aircraft and shorter routes. Hybrid-electric systems could provide a transitional solution by combining battery propulsion with conventional energy sources. Heart Aerospace’s ES-30 reflects this approach, with the company targeting regional routes where hybrid-electric technology could offer greater commercial viability. Aviation Industry Targets Lower Emissions The development of electric aircraft comes amid growing pressure on the aviation industry to reduce greenhouse gas emissions. Aviation accounts for an estimated 2.5% of global carbon dioxide emissions and also produces other heat-trapping pollutants, including nitrogen oxides. The global aviation industry has set a target of reaching net-zero carbon emissions by 2050. Achieving that goal will require advances across aircraft design, propulsion systems, sustainable aviation fuels, air traffic management and airport infrastructure. Battery-powered aircraft could contribute to those efforts, particularly when their electricity comes from renewable energy sources. Electric propulsion can eliminate direct combustion emissions during flight, although the overall environmental impact depends partly on how the electricity used to charge the batteries is generated. X1 Flight Marks Early Step Toward Electric Aviation Heart Aerospace’s X1 maiden flight demonstrates that battery-powered propulsion can be tested at a scale significantly larger than small experimental aircraft. The flight nevertheless remains an early step rather than proof that fully electric commercial flights are imminent. The company’s main commercial objective remains the ES-30, whose hybrid-electric design is intended to balance environmental benefits with the range and performance requirements of regional aviation. If battery technology, electric propulsion systems and supporting infrastructure continue to improve, aircraft such as the ES-30 could eventually become part of the regional aviation market.

BingX Appoints Kevin Lee as Chief Strategy Officer to Drive Multi-Asset Growth **BingX** has appointed **Kevin Lee** as its new Chief Strategy Officer (CSO), reinforcing the cryptocurrency exchange's strategy to expand beyond crypto trading into a unified multi-asset investment platform. The appointment comes as BingX accelerates its transformation into a platform that combines digital assets and traditional financial markets, enabling users to discover and trade a wider range of investment opportunities through an AI-powered ecosystem. Kevin Lee to Lead Long-Term Strategy As Chief Strategy Officer, Kevin Lee will oversee BingX's long-term strategic direction, focusing on platform innovation, business growth, and ecosystem expansion. His responsibilities will include aligning product development with evolving market trends and user behaviour while supporting the company's vision of creating a seamless multi-asset trading experience. BingX said the appointment reflects its commitment to building a user-centric platform that allows investors to access opportunities across both cryptocurrency and traditional financial markets through a single interface. Industry Veteran Brings More Than Two Decades of Experience Kevin Lee joins BingX with more than **20 years of experience** in institutional finance, financial technology, electronic trading, and digital assets. Since entering the cryptocurrency industry in 2013, he has held senior leadership positions at several digital asset companies, contributing to institutional adoption, market development, and business expansion. Before moving into the digital asset sector, Lee worked at major global financial institutions including **JPMorgan Chase**, **Macquarie Group**, and **BNP Paribas**, where he specialised in electronic trading, algorithmic execution, market structure, and financial technology across the Asia-Pacific region. BingX Expands Beyond Cryptocurrency The company said it is positioning itself as more than a crypto-native exchange by developing a platform that integrates multiple asset classes into one trading ecosystem. According to BingX, growing convergence between digital assets and traditional finance has changed investor expectations, with users increasingly seeking a single platform that offers broader market access alongside intelligent trading tools. Kevin Lee said future trading platforms will be defined not only by access to more asset classes but also by how easily users can identify and respond to market opportunities. He added that BingX aims to build an intelligent ecosystem where users can discover, access, and stay connected to opportunities across global financial markets. AI and Multi-Asset Strategy at the Core BingX said its long-term strategy centres on combining artificial intelligence, broader market access, and user-focused technology to simplify trading across multiple financial markets. The company believes integrating AI-driven insights with multi-asset capabilities will help investors make faster and more informed decisions while improving the overall trading experience. The appointment of a dedicated Chief Strategy Officer is expected to support the company's next phase of growth as competition intensifies across the global digital asset industry. About BingX Founded in **2018**, BingX has grown into one of the world's leading cryptocurrency exchanges and Web3-AI companies, serving more than **40 million users** globally. The platform offers a range of products, including: * Futures trading * Spot trading * Copy trading * Traditional finance (TradFi) investment products * AI-powered trading tools BingX is also ranked among the world's leading crypto derivatives exchanges and has become widely recognised for its copy trading services. The company has expanded its global brand presence through major sports partnerships, serving as the principal partner of **Chelsea FC** since 2024 and becoming the first official cryptocurrency exchange partner of **Scuderia Ferrari HP** in 2026. **Focus Keyword:** BingX Chief Strategy Officer **SEO Optimized Keywords:** BingX Chief Strategy Officer, Kevin Lee BingX, BingX crypto exchange, BingX Web3 AI, multi-asset trading platform, cryptocurrency exchange, AI trading platform, crypto trading, digital assets, TradFi, BingX expansion, Kevin Lee CSO, Web3 company **Meta Description:** BingX has appointed Kevin Lee as Chief Strategy Officer to lead its multi-asset growth strategy, platform innovation, and global expansion as the crypto exchange broadens its AI-powered trading ecosystem.
Tech

BingX Appoints Kevin Lee as Chief Strategy Officer to Drive Multi-Asset Growth

BingX has appointed Kevin Lee as its new Chief Strategy Officer (CSO), reinforcing the cryptocurrency exchange’s strategy to expand beyond crypto trading into a unified multi-asset investment platform. The appointment comes as BingX accelerates its transformation into a platform that combines digital assets and traditional financial markets, enabling users to discover and trade a wider range of investment opportunities through an AI-powered ecosystem. Kevin Lee to Lead Long-Term Strategy As Chief Strategy Officer, Kevin Lee will oversee BingX’s long-term strategic direction, focusing on platform innovation, business growth, and ecosystem expansion. His responsibilities will include aligning product development with evolving market trends and user behaviour while supporting the company’s vision of creating a seamless multi-asset trading experience. BingX said the appointment reflects its commitment to building a user-centric platform that allows investors to access opportunities across both cryptocurrency and traditional financial markets through a single interface. Industry Veteran Brings More Than Two Decades of Experience Kevin Lee joins BingX with more than 20 years of experience in institutional finance, financial technology, electronic trading, and digital assets. Since entering the cryptocurrency industry in 2013, he has held senior leadership positions at several digital asset companies, contributing to institutional adoption, market development, and business expansion. Before moving into the digital asset sector, Lee worked at major global financial institutions including JPMorgan Chase, Macquarie Group, and BNP Paribas, where he specialised in electronic trading, algorithmic execution, market structure, and financial technology across the Asia-Pacific region. BingX Expands Beyond Cryptocurrency The company said it is positioning itself as more than a crypto-native exchange by developing a platform that integrates multiple asset classes into one trading ecosystem. According to BingX, growing convergence between digital assets and traditional finance has changed investor expectations, with users increasingly seeking a single platform that offers broader market access alongside intelligent trading tools. Kevin Lee said future trading platforms will be defined not only by access to more asset classes but also by how easily users can identify and respond to market opportunities. He added that BingX aims to build an intelligent ecosystem where users can discover, access, and stay connected to opportunities across global financial markets. AI and Multi-Asset Strategy at the Core BingX said its long-term strategy centres on combining artificial intelligence, broader market access, and user-focused technology to simplify trading across multiple financial markets. The company believes integrating AI-driven insights with multi-asset capabilities will help investors make faster and more informed decisions while improving the overall trading experience. The appointment of a dedicated Chief Strategy Officer is expected to support the company’s next phase of growth as competition intensifies across the global digital asset industry. About BingX Founded in 2018, BingX has grown into one of the world’s leading cryptocurrency exchanges and Web3-AI companies, serving more than 40 million users globally. The platform offers a range of products, including: BingX is also ranked among the world’s leading crypto derivatives exchanges and has become widely recognised for its copy trading services. The company has expanded its global brand presence through major sports partnerships, serving as the principal partner of Chelsea FC since 2024 and becoming the first official cryptocurrency exchange partner of Scuderia Ferrari HP in 2026.

BingX Accelerates Multi-Asset Expansion with Strong Q2 Growth
Tech

BingX Accelerates Multi-Asset Expansion with Strong Q2 Growth

BingX Reports Strong Q2 2026 Growth as Multi-Asset Trading Gains Momentum Pakistan, July 16, 2026: BingX, a leading cryptocurrency exchange and Web3-AI company, has released its BingX Q2 2026 business review, highlighting significant growth in traditional financial (TradFi) trading, new product launches, and continued investment in its multi-asset trading ecosystem. The company said the second quarter marked a major milestone in its strategy to integrate traditional financial markets with digital assets through a single trading platform. TradFi Trading Volumes Record Strong Growth BingX reported robust growth in its TradFi offering during Q2, with more than 120 trading pairs now available across its platform. Daily trading volume in BingX TradFi Stocks surged by more than 700% over a five-day period, driven by growing investor interest in globally recognized companies including SpaceX, NVIDIA, and Samsung. According to the company, cumulative stock trading volume exceeded $2.7 billion, while stock index trading volume surpassed $8 billion during the past two months. The exchange said the performance reinforces its position as a unified multi-asset platform where users can trade stocks, forex, indices, commodities, and cryptocurrencies through a single account. Growing interest in private-market investment products, including SpaceX Pre-IPO perpetual futures and the OpenAI Pre-IPO Airdrop, also contributed to the expansion of BingX’s TradFi ecosystem. EventX Expands Beyond Traditional Markets During the quarter, BingX introduced EventX, a new contracts feature that enables users to trade on the outcomes of real-world events. The company said the product expands its multi-asset ecosystem beyond conventional financial markets by allowing traders to participate in event-based markets. The platform currently offers more than 200 event markets, providing users with additional trading opportunities across a broader range of market events. BingX Card Enhances Crypto Spending BingX also launched the BingX Card, extending the practical use of digital assets beyond trading. Powered by Wirex, the card enables users to spend cryptocurrencies, withdraw funds, and earn rewards directly from their crypto holdings without manually converting assets into fiat currency. According to the company, the BingX Card has already attracted more than 10,000 reservations, reflecting strong user interest in crypto payment solutions. Trading Platform Receives Institutional-Grade Upgrade To support its expanding user base, BingX continued investing in its trading infrastructure throughout Q2. The company introduced Ultra TradingView, an advanced trading interface that delivers institutional-grade charting, market analysis, and execution tools for professional and experienced traders. The upgrade is designed to improve the trading experience across BingX’s growing range of traditional and digital asset offerings. Company Focused on Unified Multi-Asset Platform Commenting on the company’s progress, Pablo Monti, Brand Spokesperson at BingX, said the distinction between traditional finance and digital assets continues to narrow. “The boundaries between traditional finance and digital assets continue to disappear. Our focus is no longer simply expanding product offerings, but building a unified platform where users can seamlessly access every major asset class through one account and one trading experience. The progress we achieved in Q2 demonstrates that this vision is increasingly resonating with users worldwide.” About BingX Founded in 2018, BingX serves more than 40 million users worldwide and ranks among the world’s leading cryptocurrency derivatives exchanges. The platform offers a wide range of AI-powered financial products and services, including futures trading, spot trading, copy trading, and TradFi products designed to meet the needs of both retail and professional investors. BingX has served as the Principal Partner of Chelsea FC since 2024 and became the official cryptocurrency exchange partner of Scuderia Ferrari HP in 2026, further strengthening its global brand presence. The company’s latest quarterly results underscore its continued focus on expanding multi-asset investing, enhancing trading technology, and bridging the gap between traditional financial markets and the digital asset economy.

National CERT Cybersecurity Advisory Warns Pakistan After Global Fortinet Hack Hits 74,000 Devices
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National CERT Cybersecurity Advisory Warns Pakistan After Global Fortinet Hack Hits 74,000 Devices

Pakistan’s National Computer Emergency Response Team (National CERT) has issued a critical cybersecurity advisory, warning government departments, financial institutions, telecommunications operators, energy companies and other critical infrastructure organizations to immediately strengthen the security of their Fortinet firewall and virtual private network (VPN) systems following a massive global cyber intrusion campaign. The National CERT cybersecurity advisory comes after cybersecurity researchers uncovered a widespread compromise involving nearly 74,000 internet-facing Fortinet FortiGate firewall devices across 194 countries, raising concerns that attackers may have gained unauthorized access to sensitive enterprise and government networks. According to the advisory, approximately 73,932 Fortinet FortiGate firewall instances were found to have been compromised during the campaign, exposing administrative credentials and significantly increasing the risk of unauthorized access to organizations around the world. National CERT Warns of Widespread Fortinet Cyber Threat National CERT warned that the campaign presents an elevated cyber threat to both Pakistan’s public and private sectors, particularly organizations that operate internet-exposed Fortinet FortiGate firewalls or SSL VPN gateways. The advisory said the attacks appear to have been carried out by organized cybercriminal groups conducting coordinated operations designed to harvest credentials, crack VPN passwords, launch brute-force attacks and move laterally across internal enterprise networks after gaining initial access. According to National CERT, the attackers exploited publicly accessible FortiGate management interfaces and legacy credential storage mechanisms to obtain administrator-level access before establishing persistent access inside victim organizations. The advisory emphasized that the scale and sophistication of the campaign require immediate action from organizations using Fortinet infrastructure. “The scale, sophistication and active exploitation observed require organizations utilizing Fortinet FortiGate infrastructure to immediately assess their exposure, implement remediation measures and conduct threat-hunting activities,” National CERT said. Officials warned that organizations failing to investigate and secure potentially compromised systems could face serious cybersecurity consequences. Potential Risks for Government and Businesses Potential risks include unauthorized administrative access, compromise of VPN gateways, theft of sensitive usernames and passwords, breaches of Active Directory environments, installation of persistent backdoors, theft of confidential data and manipulation of firewall security configurations. National CERT also cautioned that successful attacks could expose highly sensitive government and corporate information, interrupt critical public services and create supply-chain security risks through unauthorized access to connected third-party systems. The advisory identified a broad range of sectors facing heightened risk from the ongoing cyber campaign. These include government ministries and agencies, telecommunications companies, banks and other financial institutions, information technology firms, healthcare organizations, educational institutions, manufacturing companies, industrial automation operators, logistics providers and operators of other critical national infrastructure. Warning Signs Organizations Should Investigate To help organizations determine whether they may already have been compromised, National CERT outlined several warning signs that security teams should investigate immediately. These include administrator logins originating from unusual countries or geographic locations, system access outside normal business hours, newly created administrator accounts, suspicious VPN authentication attempts, unexpected changes to firewall rules, unexplained privilege escalation, abnormal outbound network traffic and evidence of lateral movement within Active Directory environments. The advisory urged organizations to treat any such indicators as potential evidence of compromise requiring immediate investigation rather than isolated security incidents. National CERT Issues Immediate Security Recommendations As part of its emergency guidance, National CERT directed organizations to remove FortiGate management interfaces from public internet exposure wherever possible. It also instructed organizations to upgrade immediately to the latest supported FortiOS software versions to address known vulnerabilities and improve overall system security. In addition, all administrator passwords should be reset, while multi-factor authentication (MFA) should be enabled for both administrative accounts and VPN users to strengthen identity protection. National CERT further recommended restricting management access to trusted internal networks, conducting comprehensive reviews of firewall policies and administrator accounts, enabling enhanced security logging and continuously monitoring systems for suspicious or unauthorized activity. Where indicators of compromise are detected, organizations have been advised to assume that attackers may already have established access to their networks. In such cases, National CERT recommended rotating all administrative and service account credentials, thoroughly reviewing firewall and VPN logs, auditing Active Directory environments for evidence of lateral movement and rebuilding affected firewall devices if compromise cannot be confidently ruled out. Critical Actions for Organizations To assist organizations in prioritizing their response, the advisory classified exposure reduction, credential rotation, MFA implementation and threat-hunting activities as critical actions requiring immediate attention. Meanwhile, configuration audits, Active Directory reviews, incident reporting and continuous security monitoring were categorized as high-priority measures that should be completed as part of an organization’s broader incident response process. National CERT also urged organizations to report any suspected firewall compromise, unauthorized administrator access, VPN abuse or other malicious cyber activity through its official incident reporting channels without delay. The advisory stressed that the current campaign should not be viewed as a routine software vulnerability requiring only standard patch management. Instead, organizations should assume the possibility of active compromise and conduct comprehensive investigations to determine whether attackers have already established a presence within their networks. National CERT Calls for Immediate Action The latest National CERT cybersecurity advisory highlights the growing cyber risks facing critical infrastructure worldwide and underscores the importance of proactive cybersecurity measures. With thousands of Fortinet devices compromised globally, Pakistani organizations are being urged to act immediately to secure their networks, protect sensitive data and minimize the risk of disruption to essential public and private sector services.

PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan's Fiber Broadband Market
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PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan’s Fiber Broadband Market

PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan’s Fiber Broadband Market PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan’s Fiber Broadband Market Islamabad, July 10, 2026: Pakistan Telecommunication Company Limited (PTCL) has reached another major milestone as PTCL Flash Fiber, its flagship fiber-to-the-home (FTTH) service, surpassed 900,000 subscribers. The achievement reflects growing customer confidence in PTCL’s high-speed broadband services and reinforces the company’s position as Pakistan’s largest internet service provider. PTCL Flash Fiber Continues Rapid Subscriber Growth Crossing the 900,000-subscriber mark represents another significant step in PTCL’s mission to expand world-class digital connectivity across Pakistan. The milestone aligns with the company’s long-term strategy of driving digital transformation while supporting the Government of Pakistan’s vision for a hyper-connected Digital Pakistan. With its expanding fiber-optic network, PTCL Flash Fiber has become the preferred broadband service for households, businesses, students, professionals, gamers, and content creators who require fast, stable, and uninterrupted internet connectivity. Ookla Recognizes PTCL’s Network Performance PTCL Flash Fiber’s network quality has also received international recognition from Ookla, a global authority on internet testing and network intelligence. Based on Ookla’s Speedtest Connectivity Report, PTCL earned two major distinctions: The awards highlight PTCL’s strong network performance, low latency, and enhanced customer experience across Pakistan. Growing Demand for High-Speed Fiber Broadband The latest subscriber milestone reflects Pakistan’s increasing demand for reliable fiber broadband as digital adoption accelerates. From remote work and online education to cloud computing, digital entertainment, video streaming, and competitive gaming, high-speed internet has become an essential part of everyday life. PTCL Flash Fiber continues to support these evolving digital needs through its expanding fiber infrastructure. PTCL Reaffirms Commitment to Digital Pakistan Commenting on the achievement, Mohammad Nadeem Khan, President & CEO of PTCL, said the milestone demonstrates the confidence that hundreds of thousands of customers have placed in PTCL Flash Fiber. He added that the company remains committed to expanding its fiber footprint, investing in next-generation network infrastructure, and delivering a superior broadband experience that empowers individuals, businesses, and communities across Pakistan. PTCL Flash Fiber Now Available in 78 Cities PTCL Flash Fiber is currently available in 78 cities across Pakistan, providing reliable fiber connectivity to millions of users nationwide. The continued expansion of its subscriber base reflects PTCL’s sustained investment in next-generation broadband infrastructure, improved service reliability, and enhanced customer experience as demand for high-performance internet services continues to grow.

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