Why is crypto down today? The market-wide cooldown

The global crypto market has been witnessing bearish sentiment over the past week after the leading cryptocurrency reached a new all-time high (ATH). According to data provided by CoinGecko, the total crypto market cap has declined by over $450 billion since March 13 and is currently sitting at $2.44 trillion. The fall comes after Bitcoin (BTC) touched a new ATH of...

Analyst: Bitcoin resistance around $66.9k pre-halving

Bitcoin (BTC) and cryptocurrency analyst Ali-Charts identified three critical prices that serve as support levels for the largest digital asset in the world. According to the on-chain observer citing Glassnode data,  $61,100, $56,685, and $51,530 should cushion against further Bitcoin dips. Conversely,  $66,990 and $72,88 have emerged as the following resistance levels to break after BTC set a...

BitMEX investigates suspicious trading that sent Bitcoin to $8.9k

Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices. The internal investigation follows a recent rapid drop in Bitcoin’s value on the platform. On Monday, Bitcoin’s valuation against the USDT stablecoin plummeted to $8,900 on BitMEX, while BTC maintained a value above $66,000 on other trading platforms. Bitcoin’s price on BitMEX...

MicroStrategy now owns over 1% of Bitcoin’s total supply

Michael Saylor’s MicroStrategy bought an additional 9,245 Bitcoins throughout this week for $623 million. The latest purchase brings their total Bitcoin holdings to 214,246, averaging a purchase price of $35,160 per Bitcoin and cumulatively spending $7.5 billion. MicroStrategy‘s significant investment places the company’s Bitcoin assets at over 1% of the entire Bitcoin market, marking an unrealized profit margin of...

Singapore Airlines to suspend flights to Chengdu and Chongqing from March 31

SINGAPORE: Singapore Airlines (SIA) will suspend flights to Chengdu and Chongqing from March 31, less than five months after flights to the two Chinese cities resumed. In response to queries, a SIA spokesman said the suspension is due to regulatory reasons, without elaborating further, including on the length of suspension. The flag carrier currently operates daily flights...

Woman who lied to police that her mobile phone was snatched gets jail

SINGAPORE: A woman lied to the police that a man she did not know had snatched her mobile phone in Geylang when, in fact, her boyfriend was in possession of the device at the time. The prosecution said that she dropped the device when they quarrelled, and she was aware that her boyfriend had picked it...

Man with lengthy police records mastermind of RM3.5mil heist in Sentul

KUALA LUMPUR: A 36-year-old man, with several prior criminal records was the mastermind behind the RM3.5mil heist at a businesswoman's home. He was detained along with three women for the robbery at Padang Balang, Sentul, on March 3. Kuala Lumpur police chief Comm Datuk Allaudeen Abdul Majid said the robbery gang was nabbed in Batu Pahat, Johor...

Sabah’s Veveonah now a rising film star

KOTA KINABALU: Four years ago, university student Veveonah Mosibin made headlines for her “treetop Internet” YouTube video, receiving both backlash as well as praise for highlighting the connectivity problem faced by many Sabahans. The 22-year-old Marine Science student is in the limelight again but for a much happier reason. She is starring in several locally produced movies...

Luxury condo becomes hideaway for RM14.5mil drugs

KAJANG: A luxury condominium was among several locations raided in a police operation that led to the seizure of drugs worth more than RM14.5mil.Bukit Aman Narcotics Criminal Investigation Department (NCID) director Comm Datuk Khaw Kok Chin said the luxury condominium was used for storing the drugs before distribution. “We seized 332.443kg of syabu, 6.07kg of MDMA...

Part-time model charged with lover’s murder

PETALING JAYA: A part-time model has been charged with killing her lover. A. Tamilselvi, 26, clad in purple lock-up garb, nodded to indicate that she understood the charge when it was read out before Magistrate Maslinda Selamat in Teluk Datok, Kuala Langat on Friday (March 22). However, no plea was recorded as murder cases come under the...