KUALA LUMPUR: The government has no plans to adjust the standard time in Peninsular Malaysia from GMT+8 to GMT+7, says Liew Chin Tong. The Investment, Trade and Industry (Miti) Deputy Minister said such a change in Malaysian Standard Time would only burden the people. "Generally, the one-hour difference between GMT+8 and GMT+7 does not affect daily life....
SEREMBAN: A retired manager lost more than RM500,000 of her savings in an online phone scam. Seremban police chief Asst Comm Mohamad Hatta Che Din said the victim, who used to work in a private company, lodged a report on Tuesday (March 5) upon realising that she had been scammed. "The victim had been communicating via WhatsApp...
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is stressing the need for regulatory clarity and innovation, making it clear that such elements cultivate a conducive environment for the development of crypto. Peirce’s roadmap In a recent discussion with CNBC, Pierce criticized the U.S.’s inadequate regulation of Bitcoin (BTC) and other cryptocurrencies, pointing out that this failure has...
A meme coin trio — Shiba Inu (SHIB), Floki (FLOKI), and Dogwifhat (WIF) — is making waves across the crypto market. Each digital asset is experiencing notable price surges and significant developments. Shiba Inu, riding on the coattails of Bitcoin’s (BTC) recent surge past the $64,000 mark, saw its price skyrocket to a multi-month high in early trading...
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme’s true mastermind manipulated her. The prosecution alleges Wen, working for her employer, Yadi Zhang, converted Bitcoin to cash via middlemen and purchased a Dubai flat with the funds. At the...
What’s causing the extreme greed in Bitcoin investors in 2024? Discover the driving forces behind the market sentiments and predictions. Since the onset of 2024, Bitcoin (BTC) has demonstrated a remarkable surge, attaining levels of market dominance and investor interest not seen in years. On Feb. 29, BTC reached a new high of $63,544, marking its highest...
The volume of Bitcoin put options traded in block trades has surged to over $500 million. Block trades are large transactions typically made outside the open market to avoid impacting the market price directly. A put option gives the holder the right, but not the obligation, to sell an asset at a specified price (strike price)...
Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience. A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech stocks and crypto. According to a Reuters report, an influx of $4.7 billion into tech stocks, which encompass...
PETALING JAYA: After being hit hard by Covid-19, Genting Bhd and its subsidiary Genting Malaysia Bhd are making a decent comeback. Visitor arrivals to its resorts-cum-casinos have reached pre-Covid-19 levels and analysts said the group is primed for a better 2024. “For Resorts World Genting (RWG), we note that in the fourth quarter 2023 (4Q23), visitor arrivals grew to 5.8 million...
SYDNEY/SINGAPORE: Australia's fourth-biggest bank ANZ Group is selling around 298 million shares or 9% stake worth up to $242 million in Malaysian lender AMMB Holdings, according to a term sheet seen by Reuters on Tuesday. The shares are being offered at between 3.80 ringgit and 3.85 ringgit per AmBank share, according to the sheet, which is equivalent...
