Author - James Lim

US lawmakers urge SEC to fix cybersecurity after X account hack

U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator's X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly called Twitter, account on Tuesday, the agency had confirmed, and posted a fake message saying it...

Crypto firm Genesis Global Trading to pay $8 million penalty, surrender NY license

The New York Department of Financial Services said Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company's anti-money laundering and cybersecurity programs. Genesis - a cryptocurrency market-maker and brokerage firm - failed to maintain an effective...

US appeals court upholds tribunal decisions in Apple-Masimo patent dispute

A U.S. appeals court on Friday upheld two earlier decisions by a patent tribunal that favored Masimo in its intellectual property dispute with Apple over blood oxygen sensors in newer Apple Watch models. The decisions by the Court of Appeals for the Federal Circuit concern findings by the Patent and Trademark Office and come as Apple...

Fire destroys nine houses in Tawau, no casualties reported

KOTA KINABALU: Nine terrace houses were completely burnt down during a fire that broke out at a residential area in Tawau district on Friday. However, no casualties were reported. The Fire and Rescue Department initially received the information at 1.54pm regarding the incident at Taman Victoria, Lorong 4, here. “A team from Tawau fire station was sent to...

Earthquake survivors in Japan sleep in coats and hats at shelters without heat or running water

Nanao, JapanCNN —  Minae Akiyama had traveled from southern Japan to Ishikawa prefecture to celebrate New Year’s with her family, when the ground began to shake. “Thinking about it now still makes me tremble. My heart was pounding, my mind went blank, we just scrambled,” she told CNN from a shelter in the city of Nanao, where she and her family...

Aaron-Soh, Ong-Teo storm into quarters as new perks unveiled

KUALA LUMPUR: Olympic Games hopefuls Aaron Chia-Soh Wooi Yik and Ong Yew Sin-Teo Ee Yi had more than one reason to celebrate after storming into the men’s doubles quarter-finals in the Malaysian Open yesterday. Both pairs not only won their respective matches but also received a boost as they will enjoy the newly announced benefits that...

Citigroup swings to US$1.8bil loss on slew of charges

Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out a sweeping internal reorganization. CEO Jane Fraser called the results "very disappointing," but expects this year to be a turning point. "We made substantial progress simplifying Citi and executing our strategy...

Number of flood victims in Johor, Pahang up slightly to 5,839 on Friday night, says Nadma

KUALA LUMPUR: The number of flood victims in Johor and Pahang has increased slightly to 5,839 as of 8pm on Friday compared to 5,800 this afternoon. According to the latest report from the National Disaster Control Centre, National Disaster Management Agency (Nadma), 5,018 victims from 1,399 families are sheltering at 35 temporary relief centres (PPS) in...

Fidelity trading app displays spot Bitcoin ETF tickers

Users reported seeing spot Bitcoin ETF symbols on trading platforms ahead of approval from the SEC. Fidelity’s retail trading app showed spot Bitcoin ETF tickers, including ARK 21Shares Bitcoin ETF (ARKB), although one user confirmed that trading was unavailable for now. Shortly after, Bloomberg notably listed 11 Bitcoin (BTC) ETFs on its terminal under the “pending listing” designation. The Chicago Board Options...

SEC approves spot Bitcoin ETF on accelerated basis

The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading...