A group advocating for boycotts against major international brands in response to the Israeli invasion of Gaza is facing an RM6 million claim for damages suffered by fast food chain McDonald’s. Gerbang Alaf Restaurants Sdn Bhd (GAR), the franchise owner of McDonald’s in Malaysia, was claiming the sum for revenue loss (RM3 million), compensation for employees...
The Terengganu Education Department (JPNT) gives flexibility to students affected by the floods to attend school in normal clothes when schools reopen on Jan 2. JPNT deputy director (school management sector) Azman Othman said the department understood the difficulties faced by flood victims and would work to ease their burden. “I would like to advise the students...
A series of strong earthquakes, with some measuring up to 7.6 magnitude, struck the central Japanese prefecture of Ishikawa on Monday, the Japan Meteorological Agency (JMA) said. A major tsunami warning has been issued by the JMA for Noto region, urging people to evacuate immediately, following tsunami warnings for Niigata, Toyama and Ishikawa prefectures of the...
A total of 598,635 road accidents were reported nationwide from Jan 1 to Dec 30 last year with 12,417 involving death. Bukit Aman Traffic Investigation and Enforcement Department deputy director Mohd Nasri Omar told reporters this after conducting an operation at the Jalan Duta Toll Plaza in KL early this morning. According to Bernama, he added that Selangor...
BlackRock disclosed JPMorgan Securities and Jane Street as intended participants for its proposed Bitcoin ETF before the SEC decision. The asset management giant is set to collaborate with the participants, pending approval from the Securities and Exchange Commission (SEC). Authorized participants play a crucial role in ETF operations, as they can create and redeem shares. This involves exchanging ETF...
The asset manager submitted an amended S-1 Form with the SEC on deadline day, switching to cash-only subscriptions like most issuers seeking spot Bitcoin ETF approval. VanEck’s update did not name the authorized participants for its VanEck Bitcoin Trust, an exchange-traded fund aiming to invest in the largest cryptocurrency by market cap at its spot price. https://twitter.com/BitcoinMagazine/status/1740788284253520368 Several other issuers...
Coinbase has changed its head of custody, potentially as a strategic decision for handling services related to spot Bitcoin ETFs. The departure of Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, marks a pivotal shift in the company’s leadership. Schnarch’s position has been filled by Rick Schonberg, who joined Coinbase in 2021 and brings experience from...
There’s been a noticeable uptick in trading cryptocurrency options and futures since Christmas, primarily driven by traditional financial institutions. This increase is largely in anticipation of a key decision by U.S. regulatory authorities regarding the approval or disapproval of exchange-traded funds (ETFs) focused on direct investments in Bitcoin. As reported by Bloomberg, recent data indicates that Bitcoin...
Singapore’s prime minister Lee Hsien Loong warned the public about a deepfake video, depicting him promoting a crypto scam ‘envisioned by Elon Musk.’ In an X post on Dec. 29, Singapore‘s prime minister Lee Hsien Loong has issued a public warning that addressed the emergence of deepfake videos depicting him promoting crypto scams with the help of artificial intelligence...
One of the largest cryptocurrency exchanges, OKX, announced delisting several trading pairs at once. According to the Dec. 29 announcement, OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) trading pairs with several prominent privacy-focused cryptocurrencies, including Monero (XMR) and Dash (DASH). The delisting will take place on Jan. 4 and 5, 2024. The exact...
