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Ceylon Cash Throws Sri Lanka’s First-Ever Crypto Halving Yacht Party for Crypto Whales

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Ceylon Cash, a leader in Sri Lankan cryptocurrency adoption and the force behind the Bitcoin Deepa Initiative is set to make history with the nation’s first and largest crypto-themed yacht party. Following the buzz of their 2022 Colombo meetup, Ceylon Cash is raising the bar with this event. The exclusive “Halving Yacht Party” will take place on April 19th, 2024, aboard the largest luxury boutique catamaran hotel – Ocean Diamond.

The 2022 meetup, attended by a select 50 users, employed a rigorous vouching system to ensure that only trusted members of the crypto community were present. The yacht party will operate similarly. Tickets will initially be available to a whitelisted group, with additional attendees carefully chosen from the same Decentralized Autonomous Organization (DAO). This curated approach emphasizes Ceylon Cash’s commitment to fostering a secure and reputable environment for Sri Lanka’s crypto pioneers.

This groundbreaking event underscores the growing interest in cryptocurrency within Sri Lanka. Ceylon Cash has been instrumental in driving awareness and facilitating cryptocurrency transactions in the country. The Halving Yacht Party promises to be a landmark occasion for Sri Lanka’s crypto community, offering a unique platform for networking, insights, and celebration.

The timing of this inaugural party is significant. It coincides with the Bitcoin ‘halving’, a programmed event that cuts the rate of new Bitcoin creation in half. These halvings are rare and historically have ignited major growth cycles—the kind that transforms early adopters into industry titans. Sri Lanka, with its tech-savvy youth and appetite for innovation, is poised to benefit from this potential surge.

This event puts Sri Lanka on the crypto-world map, echoing the buzz found in established hubs like Singapore, Miami, or Dubai. Imagine breathtaking views, luxurious surroundings, and a guest list brimming with crypto enthusiasts and pioneers—a far cry from the traditional financial world. For the Yacht Party, they’ve meticulously vetted attendees, ensuring the guest list represents the absolute best-of-the-best within the Sri Lankan crypto scene.

“Sri Lanka has the potential to become an Asian Web 3.0 powerhouse,” affirms Mr. Nisal Chandrasekara. “With the right mindset and connections, there’s no limit to what we can achieve. This party is about demonstrating that potential—to the world and to ourselves.”

Ceylon Cash has proven that they understand what it takes to cultivate a crypto community from the ground up. Their Bitcoin Deepa initiative which is also funded by HRF, modeled after the groundbreaking work in El Salvador, is the catalyst Sri Lanka needed. Through education and practical support, they’re not just promoting crypto adoption, they’re changing mindsets. One workshop, one business at a time, they’re showing Sri Lankans the future of finance and the power it holds for them.

Chainlyze, the leading wallet profiler and on-chain intelligence service, is the main sponsor of this prestigious event. The platform is renowned for its real-time insights into smart money flows, enabling users to track transactions with precision and make informed trading decisions. Raashid Siddeeque, the founder of Chainlyze, highlights the significance of their services, stating, “Segmentation and profiling are crucial in understanding customer behavior. Chainlyze has supported this on a larger scale, offering insights that empower our clients to stay ahead of the curve.”

In a separate collaboration, Swiss Ceylon Gemology has been named the official gem and jewelry partner, bringing their expertise in Ceylon precious and semi-precious gemstones to ensure the event’s success.

Adding to the technological expertise, Perfectus Tec, a leading Web3 development firm, joins as the official development partner. Their innovative approach in leveraging blockchain technology positions them at the forefront of the Web3 revolution, providing robust solutions for a decentralized future.

Finally, if you’re passionate about crypto and believe Sri Lanka can be a force in the decentralized future, the Halving Yacht Party is where you need to be. This is where the deals get done, partnerships are forged, and the energy of the crypto revolution is most tangible. For those fortunate enough to step onto the Ocean Diamond; Sri Lanka’s first luxury yacht, it will be an unforgettable experience.

For media inquiries, sponsorship opportunities, or further information, please contact: via hello@ceylabs.io or visit CeylonCash.com/ccmpartners

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Dubai Based Sri Lankan Entrepreneur Launches Global Forex Marketplace

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A visionary Sri Lankan entrepreneur based in Dubai has launched VerifiedBrands.io, a cutting-edge Forex Marketplace Ecosystem designed to bring transparency, trust, and regulatory compliance to the Global Forex industry.

The platform addresses one of the most critical challenges in online trading — the difficulty of finding legitimate and regulated brokers and financial service providers. VerifiedBrands.io connects traders, licensed Forex brokers, technology providers, and affiliates in a secure and trusted digital marketplace.

“Our mission is simple — to eliminate fraud and scams from the Forex industry and give traders, investors, and partners a reliable ecosystem where only regulated and verified companies are listed,” said Anthony, the founder of VerifiedBrands.io.

VerifiedBrands.io verifies and lists only Regulated Forex brokers and compliant financial technology providers, offering a single platform for:

Traders seeking trusted brokers and services

Companies looking for high-quality leads and exposure

Technology providers offering white-label solutions, trading infrastructure, CRM systems, Liquidity Solutions, Payment Gateways , API solutions

Affiliates and partners wanting to work with compliant, reputable firms

The platform also provides tools and resources to help traders and partners compare, connect, and collaborate confidently, making it a first-of-its-kind ecosystem for the Forex community.

With the global Forex industry estimated at over $6 trillion in daily trading volume, VerifiedBrands.io aims to build a safer, more transparent trading environment and empower investors and traders worldwide to make informed decisions.

For more information, visit www.VerifiedBrands.io

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LB Finance to enter Philippines market through subsidiary

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LB Finance PLC, a Sri Lankan Non-Bank Financial Institution (NBFI), has received regulatory approval from the Central Bank of Sri Lanka to establish a wholly owned subsidiary in the Philippines.

In a corporate disclosure to the Colombo Stock Exchange, the company said the Director of the Department of Supervision of Non-Bank Financial Institutions granted approval on 11 December to set up the subsidiary under the name LB Finance Philippines Inc.

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Commonwealth Enterprise and Investment Council expresses solidarity with Sri Lanka

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The Commonwealth Enterprise and Investment Council (CWEIC) has conveyed its condolences to Sri Lanka over the loss of life and extensive damage caused by Cyclone Ditwah, urging all Commonwealth nations to support the country’s recovery as the scale of devastation continues to unfold.

In a statement signed by CWEIC Chairman Lord Marland and Deputy Chairman Lord Swire, the council said: On behalf of the Commonwealth Enterprise and Investment Council, we extend our sincere condolences to the President and people of Sri Lanka for the tragic loss of life and the widespread destruction caused by Cyclone Ditwah.

With the death toll now exceeding 300, hundreds more people missing, and thousands left without homes or livelihoods, the impact on your nation is devastating, and affecting all parts of the country.

As Commonwealth friends, we acknowledge the suffering that Sri Lanka has already endured through natural disasters; floods, droughts, landslides, and the 2004 tsunami.

Sri Lanka has survived through the extraordinary efforts of countless volunteers and ordinary people. Once again, we see this remarkable resilience and cooperation from Sri Lankans who are working to restore order, basic services, and supplies where possible.

We appeal to all Commonwealth countries to support the recovery efforts, and we will keep Sri Lanka in our thoughts and prayers at this difficult time. CWEIC has a significant presence in Sri Lanka, and our Strategic Partners stand ready to assist in any way we can during this difficult time. We will continue to support international efforts and appeal to Commonwealth nations to contribute to Sri Lanka’s recovery.

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