KOTA BARU: Three died and five were seriously injured in an accident involving three pickup trucks on Jalan Kuala Krai-Gua Musang, Kampung Pahi, early Saturday (April 27) morning. The dead victims comprised two men and a woman while four men and a woman were seriously injured. A Kuala Krai Fire and Rescue Department spokesman said the fire...
PETALING JAYA: A 24-hour operations room will be operated by the Malaysian Anti-Corruption Commission (MACC) to allow the public to report on issues related to corruption and abuse of power throughout the Kuala Kubu Baharu by-election. In a statement, the MACC said the operations rooms will operate starting Saturday (April 27) until polling day on May...
The cryptocurrency market has witnessed over $210 million worth of liquidations across the board, with long positions accounting for 85% of this bloodbath amid the latest market turmoil. Data from crypto analytics resource Coinglass confirms that market participants have suffered a blow from the recent turbulence, which has triggered a 4% drop in the price of...
Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between fiat operations and crypto transactions amid efforts to evaluate the size of the local crypto market. According to a report from...
a16z crypto’s CTO, Eddy Lazzarin, warns that memecoins are reshaping perceptions of the market, likening their resemblance to a risky casino. Memecoins are more akin to a “risky casino” than to a useful product, as they badly affect the crypto market by making a series of “false promises,” according to a16z crypto’s CTO, Eddy Lazzarin, who shared his thoughts...
Banking giant Morgan Stanley could soon allow its 15,000 brokers to pitch Bitcoin exchange-traded funds (ETF) to their customers. According to an AdvisorHub report citing executive sources, the bank has only offered these options on an unsolicited basis, meaning that brokers do not explicitly advise investing in Bitcoin ETF. Customers would have to reach out to their advisors...
The SEC is anticipated to deny applications for spot Ethereum ETFs following discouraging meetings with issuers. The U.S. Securities and Exchange Commission (SEC) is expected to reject applications for spot exchange-traded funds (ETFs) tied to the price of Ethereum, the second-largest crypto by market value. According to a Reuters report, U.S. financial firms don’t expect spot Ethereum...
The Bitcoin funding rate has gone negative for the first time since October 2023. Citing data from CryptoQuant, the negative rate traders pay to open new long positions in the perpetual futures market underscores the moderation of Bitcoin demand after a record demand for BTC in March. In March, the price of Bitcoin reached a new all-time high at...
Yen, the third-most traded fiat currency in foreign exchange markets, has fallen flat against Bitcoin. The Japanese yen crashed to a 34-year low as authorities struggled to stem hyperinflation in the economy. According to Bloomberg, Japan’s sovereign fiat money suffers mainly due to a difference between local interest rates and U.S. Federal Reserve rates. While the Japanese...
The BNB Chain ecosystem has announced the addition of native liquid staking to BNB Smart Chain. The BNB Smart Chain (BSC) team has announced that Liquid Staking Integration (LSDFi) is planned for April to early May. LSDFi will become one of the stages of preparation for the final shutdown of the BNB Beacon Chain in June 2024. Moving all...
