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27Mar

EU bans anonymous crypto wallet to combat money laundering

The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value. A European Parliament representative revealed that the directive received approval from the majority of the EU Parliament’s leadership committee on Thursday. This latest regulation, aimed at combating money laundering, sets limits on cash transactions and bans all anonymous cryptocurrency transactions....

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27Mar

Ark Invest’s Cathie Wood expects Bitcoin to ride ‘financial superhighway’ to $3.8m

ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar on “financial superhighway” toward $3.8 million. “If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood said at Friday’s Bitcoin Investor Day conference in...

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27Mar

SEC postpones decision on Grayscale Ethereum ETF again

The U.S. Securities and Exchange Commission (SEC) has once again delayed approving the Grayscale Ethereum (ETH) Futures Trust exchange-traded fund (ETF). The postponement, disclosed in an SEC filing on March 22, extends the deadline from March 31 to May 30. The decision has sparked significant interest and speculation within the cryptocurrency community, since it directly affects the status of...

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27Mar

Avalanche Foundation launches Memecoin Rush, injecting $1m into ecosystem

The Avalanche Foundation kicked off phase one of Memecoin Rush, a $1 million liquidity mining incentive program to catalyze the community coin ecosystem on the Avalanche (AVAX) blockchain. This initiative, announced in a blog post, will begin with SteakHut and Trader Joe — two prominent platforms native to Avalanche — to incentivize trading and provide liquidity for selected community tokens....

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27Mar

Bitcoin ETFs see a fifth consecutive day of net outflow

Spot Bitcoin exchange-traded funds (ETFs) reported total net outflows of $51.6 million on Friday, marking the fifth day of consistent withdrawals. Among these, the Grayscale ETF (GBTC) experienced a substantial single-day net outflow of $169 million. In contrast, the BlackRock ETF (IBIT) and Fidelity ETF (FBTC) saw modest single-day net inflows of $18.89 million and $18.13...

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27Mar

Sovereign funds circle FTX’s $1b stake in Anthropic

Investment giants and sovereign wealth funds are showing a keen interest in acquiring FTX’s shares in Anthropic, an artificial intelligence startup rivaling OpenAI. FTX invested $500 million in San Francisco-based Anthropic three years ago, securing an 8% stake. The value of that stake has since doubled to over $1 billion. Class B shares, which lack voting rights, are now...

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27Mar

Review of taxation structure, Sara among focus of parliament today

KUALA LUMPUR: The review of the current taxation structure and the Sumbangan Asas Rahmah (Sara) will be among the focus of Wednesday’s (March 27) Dewan Rakyat sitting. According to the Order Paper on the Parliament’s official website, Muhammad Ismi Mat Taib (PN-Parit) would ask about the steps taken by the Finance Ministry to review the current...

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27Mar

QuickCheck: Are ‘shadowless’ days set for KL and Putrajaya this week?

SEEING that Malaysia is in a part of the world where the sun is a constant companion, it is assumed that shadows will follow us wherever we go once we step outdoors. As such, any instance where we'll be shadow-less while under the hot sun will create quite a bit of buzz. It has been claimed that...

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27Mar

Company owner, director held for suspected involvement in smuggling syndicate

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has detained the owner and director of a company suspected of colluding with a cigarette and alcohol smuggling syndicate. According to sources, both individuals allegedly had roles as collectors of mule accounts to be used in paying bribes to civil servants involved in releasing containers filled with cigarettes and...

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26Mar

Socks issue: Tight security outside Shah Alam court ahead of charges

SHAH ALAM: The atmosphere at the Shah Alam Court Complex was a hive of activity as police personnel stood guard at the entrance of the premises on Tuesday (March 26). Two companies and their directors will be charged at the Shah Alam Sessions Court this morning over the sale of socks bearing the word “Allah”. The Attorney-General’s...

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