Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant. In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at a level that historically...
India’s Financial Intelligence Unit (FIU) addressed the notices to Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, according to a circular shared on Dec. 28. Furthermore, the FIU intends to wall off local investors from these platforms and has taken initial steps to block URLs of non-compliant Virtual Digital Assets Service Providers. FIU’s announcement...
Argentina’s government will offer a flexible tax rate and legitimize the usage of cryptocurrency assets within the country, irrespective of location or origin. President of Argentina Javier Milei proposed the bill as part of a broader set of economic and political reforms. The crypto community has responded positively to Milei’s election in November, given his endorsement of Bitcoin...
Binance reports welcoming over 40 million new users in 2023, a 30% increase from the previous year. The report delves into specific figures, such as Binance reaching 170 million registered users by the end of 2023, offering 431 assets for trading across 1,785 pairs. The use of digital assets for payments surged, supported by an expanding network of...
Value Partners, a Hong Kong-listed company, is set on issuing blockchain tokens backed by physical gold and filing applications for crypto-related ETFs. According to local media Hong Kong Commercial Daily, the firm plans to tokenize its three tons of gold bars worth an estimated $201 million at current prices. Value Partners already offers the only Hong Kong gold ETF...
SEOUL: A woman suspected of blackmailing actor Lee Sun-kyun was taken into custody by local police on (Wednesday) Dec 27, a few hours after the actor was found dead in an apparent suicide. According to reports, Incheon Metropolitan Police Agency apprehended the suspect, in her 20s, after she failed to appear at Incheon District Court on...
A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading. Uniqlo is a major player in an industry blamed for immense carbon emissions and other pollutants like microplastics. It has ridden a wave of...
BANGKOK: Public prosecutors have rejected a police investigation report in the Siam Paragon mass shooting incident involving a 14-year-old boy, the Office of the Attorney-General (OAG) said on Thursday (Dec 28). The office’s deputy spokesman, Naken Thongpraiwan, said the prosecutors discovered that the police had started interrogating the suspect and filed five charges against him before...
PETALING JAYA: The passing of Tan Sri Rosemary Chow Poh Kheng is a great loss to the nation and MCA, says Datuk Seri Dr Wee Ka Siong. The MCA president extended his heartfelt condolences to the family of the late Rosemary, who passed away on Thursday (Dec 28) at the age of 96. “On behalf of the...
PETALING JAYA: Tun Daim Zainuddin has hit out at the Malaysian Anti-Corruption Commission (MACC) investigations on him and his family, saying that it is nothing short of a political witch-hunt due to the "animus" of the Prime Minister. In a statement on Thursday (Dec 28), the former finance minister broke his silence and said that until...
