Author - James Lim

Tether joins forces with Fuze for educational venture in Turkey and MENA

Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with Fuze, a crypto infrastructure provider, to promote crypto education in Turkey and the Middle East in...

Why is crypto down today? Bitcoin sheds 4.3% in 24 hour trading

Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the...

BlackRock’s Bitcoin ETF draws $73m amid sluggish market

BlackRock’s Bitcoin ETF was the only spot Bitcoin fund in the United States to record inflows on Monday, setting it apart from other ETFs that reported no inflows or experienced outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, albeit a decrease from the $111.1 million...

$3.5m ‘cryptojacking’ case sees Nebraska man face up to 30 years in prison

A Nebraska man is looking at 30 years in prison in connection with a major cryptojacking scheme. According to an April 15 indictment from the United States Attorney’s office in Brooklyn, Charles O. Parks III, also known as “CP3O,” has been charged with defrauding two prominent cloud service providers. Cryptojacking is a cyberattack in which attackers illegally “hijack” the...

Barclays, HSBC and Citi collaborate to pilot tokenized deposits in UK

Barclays, HSBC, and Citi, among other U.K. financial institutions, are embarking on a joint venture to pilot tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits aimed at enhancing the tracking of banking payments. In a press release on Apr. 15, the British trade association UK Finance revealed that...

Korean crypto markets hit 2-year trade volume peak

In Q1 2024, Korean crypto markets witnessed their highest trade volume in over two years, with KRW overtaking USD in cumulative trade volume, Kaiko says. Trade volume in Korean crypto markets soared to its highest level in over two years in early March, driven by an improved macroeconomic environment and heightened competition among local exchanges, according...

10X Research anticipates significant correction for crypto and stocks

According to Markus Thielen, head of research at 10x Research, risk assets like crypto and stocks could see a “significant price correction” in the coming weeks. Sharing his insights in an April 16 investor note, Thielen wrote that the cryptocurrency market is moving towards a “crucial tipping point,” which could lead to a notable correction in prices....

Lightning strike causes delays on Kelana Jaya LRT line

KUALA LUMPUR: The Light Rail Transit (LRT) service on the Kelana Jaya Line is currently operating with limited trains due to a system failure caused by a lightning strike to the power supply. The incident, reported to have occurred at 3.30pm, has prevented additional trains from the Subang LRT Depot from being deployed for peak hour...

Immigration Dept nabs 26 undocumented foreigners during ops in Johor

JOHOR BARU: The Immigration Department has detained 26 undocumented foreigners at 15 shophouses here. Its Johor director Baharuddin Tahir said an operation was carried out at an undisclosed location here at 12.05am on Tuesday (April 16) following a public tip-off. "According to the public information, a large group of foreigners were living in the area so we...

I was never investigated, yet MACC claims I committed a crime, says Dr M

PETALING JAYA: Tun Dr Mahathir Mohamad claims that graft busters are saying that he has committed an offence under Section 23 of the Malaysian Anti-Corruption Commission Act, according to a notice sent to his son. The former prime minister said this was despite Inspector-General of Police Tan Sri Razarudin Husain stating that he was not being...