Author - James Lim

Manta Network recovers from cyber attacks as money laundering claims surface

Manta Network has successfully resumed normal operations after overcoming technical issues, as reports of money laundering involvement emerge. On Jan. 18, the Manta network experienced a DDoS attack that temporarily disrupted its operations. The attack, which began at 9:30 AM UTC, coincided with the network’s Token Generation Event (TGE). It’s noteworthy that the incident follows closely after the...

Analyst: Grayscale Bitcoin Trust sellout has clear reasons

A crypto trader shared why he believes Grayscale Bitcoin Trust is seeing a mass sellout. Grayscale Bitcoin Trust (GBTC) has been observed selling off its Bitcoin (BTC) holdings, with recent reports indicating that the firm recently moved $1.3 billion of Bitcoin to Coinbase. Pseudonymous crypto trader Ash Crypto explained that he believes that market forces are the...

Jim Cramer calls Bitcoin price decline ‘nasty sell-off’

TV personality and founder of hedge fund Cramer & Co. Jim Cramer called the decline in Bitcoin a “nasty beginning to the sell-off”. In his post in X on Jan. 19, Cramer doubted the prospects for further growth of the first cryptocurrency. As an argument, he noted that an asset cannot double in price by hundreds...

Crypto.com delists Terra LUNA, token plunges nearly 10%

Popular exchange Crypto.com today announced the delisting of Terra LUNA. As a direct consequence, LUNA and LUNA Classic experienced a near 10% drop in value, reflecting investor uncertainty. Additionally, both tokens witnessed a 12% decrease in their 24-hour trading volume, signaling a retreat in market activity surrounding these assets. In response to these developments, Crypto.com has taken decisive action to mitigate risks and...

Grayscale CEO: Most spot Bitcoin ETFs will not survive

Grayscale’s Michael Sonnenshein backed the longevity of his firm’s spot Bitcoin ETF as it saw over $2.2 billion in outflows less a week after approval. Holding north of $25 billion in assets under management, Grayscale’s Bitcoin Trust (GBTC) ETF is the biggest spot Bitcoin exchange-traded fund of 11 funds authorized by the United States Securities and...

IntoTheBlock explains why Bitcoin’s price fell after ETF approval

IntoTheBlock provides insights into the unexpected downturn in Bitcoin’s market, particularly following the approval of the Bitcoin ETF. Data shared in a Jan. 19 X post by blockchain analytics firm IntoTheBlock shows that Bitcoin (BTC) prices have decreased by approximately 10% in the past week, a trend that contradicts many market predictions. The firm’s analysis reveals several key...

Prince Harry withdraws libel claim against British tabloid

LONDON (Reuters) -Britain's Prince Harry on Friday withdrew his libel claim against the publisher of the Mail on Sunday newspaper over an article about his security arrangements, with his spokesperson saying he wanted to focus on his family's safety. Harry, King Charles' younger son, had sued Associated Newspapers over a 2022 article which stated he only...

Suspect in missing Bella case leads cops to skeletal remains

BATU PAHAT: The police have found skeletal remains of a woman believed to be Mira Sharmila Samsusah, the single mother also known as Bella who was reported missing more than a month ago. Johor police chief Comm Datuk Kamarul Zaman Mamat said the main suspect in the case led police to the location where the human...

Govt did not have a hand in awarding of KLIA aerotrain contract, says Loke

KLANG: There is no government interference in the renewed involvement of Pestech Technology Sdn Bhd in the Kuala Lumpur International Airport (KLIA) aerotrain replacement project, says Anthony Loke. This comes after the company, a unit of Bursa Malaysia-listed Pestech International Bhd, was reportedly reappointed as contractor despite its earlier contract being terminated in August. The Transport Minister...

Sara aid doubled to RM1,200, up from RM600 last year

PETALING JAYA: The Sumbangan Asas Rahmah (Sara) cash aid for poor households will be doubled to RM1,200 this year, up from RM600 previously, says Datuk Seri Anwar Ibrahim. The Prime Minister said the RM600 increase is expected to benefit over 700,000 poor and hardcore poor recipients with an allocation of RM700mil compared to last year's total...