Bitcoin’s dash past $62k spurs caution warning from Matrixport veteran

Bitcoin continued an impressive run toward its previous all-time high, eliciting vigilance suggestions from Matrixport’s co-founder, who believes a correction is due. Matrixport co-founder Daniel Yan tweeted that a market retrace of as much as 15% may be on the cards sometime in April, the same period industry participants anticipate the quadrennial Bitcoin (BTC) halving, which will slash...

Bitcoin touches $64k for first time since 2021

Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run. In the past two days, Bitcoin (BTC) has risen from $51,000 to hitting $64,000 briefly today. The price rise has resulted from the Bitcoin ETF and the upcoming halving event, where investors buy up more than what is mined daily. For...

Coinbase crashes during Bitcoin rally as users see zeroes

Coinbase exchange has crashed amidst the bull markets, as users see a ‘zero’ balance on their accounts. Social media has been flooded with rage from crypto enthusiasts as users cannot access funds from the leading U.S. exchange. Some users have also reported errors in buying and selling, leading to further frustrations. Coinbase immediately acknowledged this error and said it was being...

Bitcoin whales invest $700b as BTC price heads to $70k

As Bitcoin’s price grazed the $64,000 milestone on Feb. 28, market indicators indicate an imminent rally to new all-time highs above $70,000. Bitcoin (BTC) grabbed headlines again on Feb. 28, as prices surged to a daily timeframe peak of $64,000, its highest in 830 days. With whale investment metrics still flashing green signals, a new all-time...

Solana climbs 13% to hit new yearly high, sparked by Dogwifhat memecoin momentum

Solana’s (SOL) market value has surged to new yearly highs, gaining 13.7% in the last 24 hours, as its price rose from $108 to $123.80 amidst a wider cryptocurrency market rally. The latest surge is attributed to a wave of purchases of the dogwifhat (WIF) memecoin, a digital asset based on the Solana blockchain. The memecoin, featuring...

US government transfers $922m in Bitcoin from seized Bitfinex hack funds

The U.S. government allegedly transferred Bitcoin (BTC) from two wallets that contained funds confiscated in the 2016 Bitfinex hack. According to Arkham Intelligence, on Feb. 28, from approximately 18:39 UTC to 19:55 UTC, U.S. authorities transferred almost a billion dollars worth of Bitcoin in four transactions.   First, the wallet transferred 1 BTC worth $60,200 (at the time...

Former MDEC CEO Surina Shukri passes away

PETALING JAYA: Former Malaysian Digital Economy Corporation (MDEC) CEO passed away on Thursday (Feb 29) morning. She was CEO of MDEC from January 2019 to August 2021. Surina had also served as an independent non-executive director of Capital A (formerly known as AirAsia Group) and CIMB Investment Bank Bhd. She leaves behind husband Jasmin Ong Rashid and three...

Loo says Jho Low went from friend to foe

KUALA LUMPUR: They used to be good friends, even going for holidays abroad together, but things turned ugly for Jasmine Loo as she claimed to have been threatened by Low Taek Jho during her isolation in Bangkok, the High Court has heard. The former 1Malaysia Development Bhd (1MDB) general counsel also told the High Court that...

Ebit Lew’s Elews Mart has been closing in stages since January

PETALING JAYA: The Elews Mart convenience store owned by preacher, Ebit Irawan Ibrahim Lew or popularly known as Ebit Lew has been closing in stages since Jan 15. Elews Mart Sdn Bhd in a statement announced of its move on Wednesday (Feb 28). "Please be informed that Elews Mart Sdn Bhd has been closing all Elews Mart...

MP ordered to apologise to the King in Dewan Rakyat

KUALA LUMPUR: An MP was ordered to apologise to His Majesty Sultan Ibrahim, King of Malaysia, for wrongfully addressing His Majesty during debates on the motion of thanks on the Royal Address. Datuk Azman Nasrudin (PN-Padang Serai) was ordered to stand and apologise to His Majesty by Dewan Rakyat Speaker Tan Sri Johari Abdul. “I apologise for...