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...
In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in...
The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits...
According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in...
The home of former Hong Kong actress Bonnie Lai Suk Yin has been put on the market a month after her tragic demise. The luxury condominium where the celebrity – who’s reported to have taken her own life – was found, is being sold at HK$16mil (RM9.6mil). This is HK$10mil (RM6mil) below the current market value of...
BANGKOK (AP): Thailand’s immigration authorities have revoked the visas of two New Zealand tourists accused of assaulting a traffic police officer on a popular resort island in an incident widely shared online, police said Monday. Brothers Hamish Day and Oscar Mattson Day were charged with offenses including robbery, causing physical harm to an on-duty officer, attempted...
NEW DELHI (Bernama): Two restaurant workers in southern India stole a visiting Malaysian family's bag containing their passports and cash. The Malaysian couple and their daughter were travelling from Trichy city in Tamil Nadu state to Puducherry by car on Sunday when they had stopped to have lunch in the Samayapuram area, according to a report...
SINGAPORE (The Straits Times/ANN): Three men were each fined $1,800 and banned from driving for a year for providing illegal car and motorcycle pooling services, following enforcement operations by the Land Transport Authority (LTA). They were all caught on May 3, 2023, and one of them became the first motorcyclist here to be convicted for conveying...
A former preschool teacher who became famous last year when she appeared in a video singing to children, has claimed she has become the target of an online pornography slur. The woman, surnamed Huang, worked as a music teacher at a nursery school in Wuhan, Hubei province in central China. She shot to fame in April 2023...
