Author - James Lim

Heavy traffic looms during Hari Raya exodus

GEORGE TOWN: Some 2.4 million vehicles are expected to travel in and out of Penang over the six-day Hari Raya Aidilfitri festive period starting Monday. Penang deputy police chief Deputy Comm Datuk Mohamed Usuf Jan Mohamad said this would be double the 1.3 million cars recorded on the North-South Expressway in Penang over the past six...

Akmal faces sedition probe

KUALA LUMPUR: Umno Youth chief Dr Muhamad Akmal Saleh is being investigated for sedition after two police reports were lodged against him, says the Inspector-General of Police. Tan Sri Razarudin Husain said Dr Muhamad Akmal was detained upon his arrival at Kota Kinabalu International Airport yesterday. “He was detained and taken to Kota Kinabalu police headquarters so...

Google sues crypto scammers for tricking users via fake apps

Google has initiated a lawsuit against a group of individuals accused of orchestrating a vast cryptocurrency scam that impacted over 100,000 users globally. The lawsuit, filed today, targets the alleged fraudulent distribution of investment and crypto exchange applications through the Google Play Store. Google says it’s the first tech company to take action against crypto scammers, aiming to...

Coinbase receives dealer license in Canada

Cryptocurrency exchange Coinbase has received a license to operate in Canada. According to CNBC, the license allows the crypto platform to increase its presence outside the U.S. as it faces a regulatory crackdown in its home market. Coinbase has received registration in Ontario as a limited dealer under the Canadian Securities Administrators (CSA), the umbrella organization of Canada’s...

OKX to allow spot trading for Zeus Network token

OKX is set to list the Zeus Network’s ZEUS token for spot trading today, enabling ZEUS/USDT trades. The integration aims to leverage Solana’s scalability with Bitcoin’s security, enhancing possibilities for decentralized applications (dApps) and secure financial services. The Zeus Network, which leverages the Solana blockchain for improved interoperability, has successfully raised $8 million in a seed funding round led...

Binance to delist Bitcoin NFT collections

Binance’s NFT marketplace will end all support for Bitcoin NFTs from this month amid declining market trends. Starting April 18, Binance NFT will not accept trades or deposits for Bitcoin-based NFT collections. The platform has issued guidance for its users, urging them to transfer their Bitcoin NFTs out of the marketplace using the Bitcoin network by May 18. Binance will...

Bitcoin bull run heats cryptocurrency jobs market, hits 12-month record

The sector’s bullish trend during Bitcoin’s surge has seen the cryptocurrency jobs market heat up. According to CryptoJobsList, rising cryptocurrency prices and activity have increased the number of applicants and postings on industry job sites. Last month, published vacancies reached an annual record. Such an indicator has not been seen for several years amid the ongoing bearish stagnation. At...

Tether again mints 1b USDT on Tron network

Tether mints another batch of USDT stablecoins, issuing two billion in two days. Lookonchain experts note that Tether, the issuer of the USDT stablecoin, has authorized the issuance of another billion coins on the Tron blockchain. The new release of 1 billion USDT occurred just two days after a similar release on April 2. At the time of writing, Tether...

Solana-based meme coin team suspected of nearly $1m rug pull

The CONDOM meme coin team on the Solana network collected 4,965 SOL as part of the coin’s presale and deleted its X page. The funds raised were estimated at $906,000 at the time. Whale Insider reports that the community suspects the CONDOM team of committing a rug pull. User X, who used the pseudonym Harfordton, called for...

CryptoQuant: Bitcoin exchange reserves hit record low

Bitcoin exchange reserves have plummeted to its lowest levels since early 2021, indicating that holders could store BTC another way. More than 90,700 bitcoin have been withdrawn from major cryptocurrency exchanges over the past month, reveals CryptoQuant, stressing a reduction in Bitcoin’s liquid supply and hinting at a long-term holding strategy among investors. According to data from CryptoQuant,...