KOTA KINABALU: Sabah Customs personnel seized contraband alcohol and cigarettes worth more than RM5.4mil in several operations here this month. The untaxed items were seized after surveillance by the Import Export Unit Sepanggar Port branch as well as the Kota Kinabalu enforcement unit between March 6 and 18. Sabah Customs assistant director-general Mohd Nasir Deraman said in...
WHILE cat videos and sour dough baking guides might be most people's preferred content on social media, sometimes truly nasty videos do go viral. Recently, a video of two teens being beaten up by a group of men wielding PVC pipes went viral on Facebook and allegedly it happened in Kajang. Is this true? The Criminal Investigation Division...
KUALA TERENGGANU: A teacher and a self-employed man were charged in the Sessions Court here Thursday (March 21) with trafficking a local woman for sexual exploitation. Teacher Mohd Hasfyanizam Mansor, 48, pleaded not guilty to the charge which was read out before Judge Nazlyza Mohamad Nazri. The other accused, Mohamad Fazley Jaafar, 29, however, pleaded guilty after...
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the...
London braces for an influx of crypto exchange-traded products, sparking enthusiasm among large crypto ETF providers. As London prepares to embrace a new era of crypto exchange-traded products (ETPs), financial giants like CoinShares, WisdomTree, and ETC Group, are eagerly eyeing opportunities to list their offerings on the London Stock Exchange (LSE), the Financial Times has learned. The relaxation of regulations...
A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to 20 years in prison for their involvement in what was revealed to be a “Ponzi” scheme. In a verdict delivered on...
Binance CEO Richard Teng predicts Bitcoin’s value will surpass the $80,000 mark amid increasing investments in crypto-backed exchange-traded funds. Binance CEO Richard Teng foresees Bitcoin’s price surpassing the $80,000 mark amid a surge in investments in crypto-backed exchange-traded funds (ETFs), Bloomberg reports. Teng, who became Binance CEO following the departure of the exchange’s founder Changpeng Zhao in November 2023, emphasized the...
Reddit appears set to reach a $6.5 billion valuation with its initial public offering (IPO), according to Reuters. The San Francisco-based social media company’s IPO is currently between four and five times oversubscribed, the report continued, citing unnamed sources. This figure marks a decrease from the $10 billion valuation achieved in its last fundraising round in August...
El Salvador has shifted a significant portion of its Bitcoin (BTC) assets into a secure cold wallet, as announced by President Nayib Bukele. The Central American nation, under newly re-elected President Nayib Bukele’s guidance, revealed its considerable Bitcoin holdings, totaling 5,689.68 BTC, currently valued at over $386 million. This relocation into an offline vault within the nation’s borders...
Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event. This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon...
