Nigeria’s apex bank expanded on its decision to reverse a crypto ban on financial service providers, providing clear rules to oversee operations moving forward. The Central Bank of Nigeria (CBN) announced stringent rules for banks as the watchdog pivoted away from a blanket crypto ban toward regulation for virtual asset service providers, citing a need to...
A recent Security.org report indicates a 10% year-over-year increase in U.S. cryptocurrency ownership, with 46% optimistic about the potential positive impact of Bitcoin ETF approvals in 2024. Based on a survey of 1,500 Americans, 40% currently own cryptocurrency, and of those not yet involved in crypto, 15% expressed an intention to make a purchase in the...
Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF. With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates a move to make the fund a publicly traded security, a milestone...
Memecoins took the hardest hit in today’s market selloff, losing almost double the market cap of the average market. Earlier today reports from Matrixport regarding the SEC’s potential rejection of Bitcoin ETF applications triggered a significant liquidation across the market. Within four hours, the market lost over $540 million, with Bitcoin and Ethereum dipping nearly 10%. However, it appears...
PETALING JAYA: Perodua is investigating a complaint involving a Perodua Bezza that allegedly broke down merely eight hours after being purchased from a sales centre. Perodua chief operating officer JH Rozman Jaafar said the company had been in constant communication with the customer since the issue arose in October. “Since then, we have taken several actions to...
PETALING JAYA: Two men have been arrested after a car rammed into a policeman on duty at a roadblock in Petaling Jaya late last night. Petaling Jaya police chief Fakhrudin Abdul Hamid said in the 11pm incident, a red Perodua Myvi sped through the Sprint Expressway’s Damansara Jaya turnoff where a roadblock was in place. A policeman...
KUALA LUMPUR: The meteorological department (MetMalaysia) has issued an alert-level warning of continuous heavy rain in several areas in Johor from today until Sunday. In a statement, MetMalaysia said the areas that would be affected are Segamat, Kluang, Mersing, Kulai, Kota Tinggi and Johor Bahru. It also issued an alert-level warning of continuous rainfall until Sunday in...
Fox Business reporter Eleanor Terrett said approval of a spot Bitcoin ETF in early January is unlikely. In an X post, Fox journalist Eleanor Terrett noted that the Securities and Exchange Commission (SEC) still needs to review changes to the S-1 filings for spot Bitcoin ETFs. She said the SEC will likely notify issuers of a final...
The Labuan Chinese Chamber of Commerce (LCCC) has urged the federal government to reinstate the island’s full duty-free status to boost its appeal to visitors. Its president Wong Kii Yii said that despite previous efforts, including letters to relevant authorities, the government has yet to heed their plea. Wong emphasised that Labuan’s current duty-free status fails to...
A Malaysian fugitive wanted in Thailand for drug smuggling was arrested during a Thai-Lao joint operation last week. The 39-year-old alleged drug dealer and key member of a drug syndicate had been in hiding in Laos, according to Thai police. Assistant national police chief Panurat Lakboon said the Office of the Narcotics Control Board had been investigating...
