Author - James Lim

Action taken against Perak religious dept officer over SPM statement

IPOH: Disciplinary action has been taken against the Perak Islamic Religious Department (JAIPk) officer who criticised Education Minister Fadhlina Sidek on social media. The department expressed disappointment over the comments made by its officer regarding the Sijil Pelajaran Malaysia (SPM) examination, reported Sinar Harian. "The department will take strict action in accordance with Regulation 19(1), Public Servants...

Health experts: No need to panic over ‘Disease X’

PETALING JAYA: There is no need to panic following the outbreak of a mysterious illness dubbed “Disease X” in the Democratic Republic of Congo (DRC), say health experts. However, they say those who will be travelling to the region should be aware of the risk and take preventive measures. Public health expert Datuk Dr Zainal Ariffin Omar...

Bitcoin price can hit $200k in 2025, but crossing $122k will be crucial

Bitcoin price has performed well this week, crossing the important milestone of $100,000 and peaking at $104,000. Bitcoin btc1.77%Bitcoin surge occured as data indicated continued investor appetite for the digital currency, even at a six-digit price. Notably, data from SoSoValue shows that spot Bitcoin exchange-traded funds saw a net inflow of over $33 billion. These funds now hold a record $109 billion...

Czech Republic exempts three-year old Bitcoin from capital tax gains

The Czech Republic Parliament reportedly passed a law that would exempt Bitcoin held for more than three years from capital tax gains, placing it on the same level as stocks. According to a video by Braiins mining’s Chief of Propaganda, Kristian Csepcsar, the Czech Republic Parliament has unanimously agreed to exempt capital gains tax on Bitcoin btc1.77%Bitcoin held for more...

Charts of the week: Bitcoin falls under $100,000 but XRP and TRON could extend rally

Ripple and TRON posted over 50% weekly gains and the two altcoins could continue their climb in the altcoin season. As Bitcoin slips under the $100,000 level, it dragged altcoins down with a market-wide correction on Friday. XRP xrp4.54%XRP and TRON trx0.45%TRON could recover and extend the rally next week, according to on-chain and technical indicators. Table of Contents Bitcoin erases...

Bitcoin’s surge signals potential market ‘overshoot,’ BofA strategist warns

With Bitcoin briefly surpassing $100,000 and the S&P 500 posting its best year since 2019, Bank of America’s strategist warns of a potential market overshoot. U.S. stocks and cryptocurrencies are showing signs of overheating, with Bank of America Corp.’s Michael Hartnett warning of a potential “overshoot” in early 2025, Bloomberg reports. The S&P 500’s price-to-book ratio surged to 5.3 times...

WikiLeaks’ Afghan war logs to be immortalized on the Bitcoin blockchain on Dec. 12

WikiLeaks Founder Julian Assange and supporters plan to mint 76,911 Afghan war log files into Bitcoin inscriptions on the Ordinals through Project Spartacus. The collection of documents spanning six years of recounts from the Afghan war titled “Afghan War Diary 2004-2010” is currently available on the WikiLeaks site. The documents released in July 2010, consists of over...

Australia targets non-compliant crypto ATM operators with new task force

Australia has established a task force to crack down on cryptocurrency ATM providers that do not comply with the nation’s anti-money laundering laws. The Australian Transaction Reports and Analysis Centre has issued a warning for crypto ATM operators via a Dec. 6 statement, noting that non-compliance with anti-money laundering laws will result in enforcement actions and penalties. Coin...

Ex-ARK Invest analyst warns against overhyping $10t crypto market cap targets

Placeholder partner Chris Burniske urges a cautious approach, advises balancing optimism with realism to avoid overhyping targets this cycle. Chris Burniske, former analyst at ARK Invest and current partner at Placeholder, a venture capital firm that invests in decentralized networks, has cautioned crypto investors against overhyping market targets as bullish sentiment grows. In a Dec. 6 post on X, Burniske reflected...

Bitcoin ETF trading volume spikes 50% amid BTC drop below 100k

U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s...