MIRI: A 49-year-old man has been fined RM120,000 by the Sessions Court for electricity theft linked to cryptocurrency mining. The accused Hii King Lee on Friday (July 11) pleaded guilty to two separate charges under Section 33(5) of the Electricity Ordinance (Chapter 50). The first offence involved the dishonest abstraction of electricity at a row of commercial...
Two small nations, El Salvador and Bhutan, have made bold moves into the Bitcoin btc1.85%Bitcoin arena, which showcase how cryptocurrency can redefine economic strategies for countries with ambitious leadership and limited resources. Bhutan, through its sovereign investment arm, has amassed Bitcoin holdings worth over $1 billion—more than one-third of its GDP—while El Salvador’s reserves stand at approximately 6,150 Bitcoin, valued at over $550...
AMP has made a $27 million investment in Bitcoin, becoming the first major superannuation fund in Australia to enter the crypto market. AMP Wealth Management, one of Australia‘s largest wealth managers with billions in assets under management, has invested $27 million in Bitcoin btc1.85%Bitcoin, becoming the first major superannuation fund in the country to do so, the Australian...
According to a Dec. 11 statement, IcomTech founder David Carmona, along with four promoters of the scheme, namely Juan Arellano Parra, Moses Valdez, and David Brend, for violations of the Commodity Exchange Act and Commodity Futures Trading Commission regulations. The court ordered them to jointly pay over $1 million in restitution to defrauded customers and imposed a...
MicroStrategy stock price has dropped 27% from its highest level this year, despite Bitcoin reaching a record high. MSTR shares were trading at $390 on Dec. 6, continuing a decline that began on Nov. 21, when the stock peaked at $541. Even with this pullback, MicroStrategy remains one of the best-performing stocks this year, up over...
Bill Dudley, the former chief of the New York Fed, warned against holding Bitcoin as a reserve and urged a focus on regulation. Dudley criticized a proposed federal Bitcoin btc1.77%Bitcoin reserve championed by Donald Trump during his presidential campaign. In a Bloomberg op-ed, Dudley argued that the plan would fail to benefit most Americans and could destabilize the economy. Dudley acknowledged Bitcoin’s appeal as...
Bitcoin has finally crossed the $100,000 mark, and while that’s big news for the industry, some analysts are sounding the alarm about what comes next. Bitcoin btc1.77%Bitcoin has long been touted by its die-hard supporters as the crypto destined to hit $100,000 — and eventually even $1 million. Now, with Bitcoin finally surpassing the $100,000 mark, the question...
Bitcoin price has performed well this week, crossing the important milestone of $100,000 and peaking at $104,000. Bitcoin btc1.77%Bitcoin surge occured as data indicated continued investor appetite for the digital currency, even at a six-digit price. Notably, data from SoSoValue shows that spot Bitcoin exchange-traded funds saw a net inflow of over $33 billion. These funds now hold a record $109 billion...
The Czech Republic Parliament reportedly passed a law that would exempt Bitcoin held for more than three years from capital tax gains, placing it on the same level as stocks. According to a video by Braiins mining’s Chief of Propaganda, Kristian Csepcsar, the Czech Republic Parliament has unanimously agreed to exempt capital gains tax on Bitcoin btc1.77%Bitcoin held for more...
Ripple and TRON posted over 50% weekly gains and the two altcoins could continue their climb in the altcoin season. As Bitcoin slips under the $100,000 level, it dragged altcoins down with a market-wide correction on Friday. XRP xrp4.54%XRP and TRON trx0.45%TRON could recover and extend the rally next week, according to on-chain and technical indicators. Table of Contents Bitcoin erases...
