McDonald’s Corp’s account on Instagram was hacked Aug 21 in an apparent scam involving a cryptocurrency named after Grimace. Screenshots published by an X user showed a post on the chain’s Instagram leading to a “McDonald’s experiment” on the blockchain platform Solana. Another encouraged users to post whether they owned a coin named after Grimace, the...
SEPANG: A married couple and four other individuals were charged in the Sessions Court here Thursday (Aug 15) with the kidnapping of a Chinese national for a ransom of USDT1 million (RM4.44mil) in cryptocurrency last month. The accused, Jun Hiong, 28; Law Han Wei, 28; Dhinnesh Tan Kin Yuan, 29; Jong Li Jiat, 25; and husband...
PASIR GUDANG: A 50-year-old woman lost RM190,000 worth of her life savings after falling for a cryptocurrency investment scam here. Seri Alam OCPD Supt Mohd Sohaimi Ishak said that the victim, who is an international school staff, was offered an investment scheme by a man that she befriended through Instagram. “The suspect offered a cryptocurrency investment opportunity...
Spot Bitcoin (BTC) ETFs in the U.S. recorded their fifth consecutive day of inflows on July 11, with $72.1 million in net inflows as Bitcoin surpassed the $59,000 mark. According to data provided by Farside Investors, these investment products recorded $72.1 million in positive net flows on July 11. This follows a positive week that began with $143.1...
Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, which has begun returning a roughly $8 billion hoard of the largest digital asset. The original cryptocurrency slid about 5% to trade at $54,400 as of 9:25 a.m. Monday in Singapore, some $19,000 below March’s...
Bitcoin’s (BTC) one-month bearish momentum seems to have ended as the miner selling pressure declines. BTC is up by 2.2% in the past 24 hours and is trading on the verge of the $63,000 mark at the time of writing. The asset’s market cap is sitting at $1.24 trillion. Bitcoin’s daily trading volume increased by 57%, reaching $21...
Bitcoin’s historical data suggests July is a positive month for BTC holders. This bodes well after the asset lost nearly 10% of its value last month. Bitcoin (BTC) reclaimed the $62,200 level and approached $63,000 on Monday after a 2% bounce for the largest cryptocurrency on the market. CoinGlass data also showed that BTC’s move propelled it...
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he...
The U.S. Senate passed a measure to overturn an SEC bulletin on crypto custody standards, and it is now awaiting President Joe Biden’s expected veto. The Senate’s vote on Thursday ended with a 60 to 38 majority, falling short of the two-thirds needed to override a veto. Several Democrats supported the resolution, including Senate Majority Leader Chuck Schumer...
The global cryptocurrency market is witnessing correction with some investors shifting focus to stablecoins. According to data provided by CoinGecko, the total crypto market cap slipped by 04% in the past 24 hours — falling from $2.38 trillion to $2.34. The global daily trading volume, however, increased by 27%, surpassing the $52 billion mark. Global crypto market cap –...
