Singapore Ministers to send letters of demand to Bloomberg, other media outlets over ‘libellous’ statements

SINGAPORE (The Straits Times/ANN): Law and Home Affairs Minister K. Shanmugam and Manpower Minister Tan See Leng are taking legal action against Bloomberg and other media outlets for publishing statements concerning their property transactions, which they consider libellous. The statements were first published in a Dec 12 Bloomberg article on good class bungalow transactions in Singapore...

All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat

All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January. According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics would ever happen again. Balchunas emphasized that despite the previously recorded outflow of capital from spot Bitcoin ETFs and Bitcoin’s (BTC) fall below $60,000, more...

Several police reports lodged over casino licence article, says Fahmi

HULU SELANGOR: Several police reports have been lodged over articles by Bloomberg claiming that several parties are in talks with the government about opening a casino in Forest City, Johor, said Fahmi Fadzil. “I haven’t received detailed information, but we have a Cabinet meeting soon and maybe after that. “I was made to understand that several police...

Spot Bitcoin ETF trading volume approaches $6b

On Feb. 28, 2024, trading volume for nine spot Bitcoin (BTC) ETFs approached $6 billion. The figure is more than double the previous high set on Feb. 26, when the trading volume was $2.4 billion, Bloomberg Intelligence analyst Eric Balchunas said. The iShares Bitcoin Trust (IBIT) fund from BlackRock remains the leader among spot Bitcoin ETFs. The trading volume...