KUALA LUMPUR: A senior police officer has pleaded not guilty at the Sessions Court to two charges of failing to comply with an asset declaration notice involving 716.8g of digital gold and RM80,000 in cryptocurrency, among others. DSP Mohd Shahril Abu Bakar, 41, was charged with two counts of neglecting a written notice under Section 36(1)(a)...
ALOR SETAR: Electricity theft linked to cryptocurrency mining activities has caused RM4.8bil in losses from 2018 to June this year, said Deputy Energy Transition and Water Transformation Minister. Akmal Nasrullah Mohd Nasir said the situation is alarming and calls for continuous enforcement to prevent further losses. "Since 2018, electricity theft involving cryptocurrency mining has cost RM4.8 billion. "We recorded 2,399 cases from 2023...
SINGAPORE (Bernama): The trial date for Malone Lam, the Singaporean man charged in a US court with stealing and laundering over US$230 million (RM1.015 billlion) in cryptocurrency last year, has been set for October 6, CNA reported. Lam, 20, who is being held in a prison in Virginia, appeared in court in Washington DC on Friday. Assistant US...
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...
Australia has established a task force to crack down on cryptocurrency ATM providers that do not comply with the nation’s anti-money laundering laws. The Australian Transaction Reports and Analysis Centre has issued a warning for crypto ATM operators via a Dec. 6 statement, noting that non-compliance with anti-money laundering laws will result in enforcement actions and penalties. Coin...
Placeholder partner Chris Burniske urges a cautious approach, advises balancing optimism with realism to avoid overhyping targets this cycle. Chris Burniske, former analyst at ARK Invest and current partner at Placeholder, a venture capital firm that invests in decentralized networks, has cautioned crypto investors against overhyping market targets as bullish sentiment grows. In a Dec. 6 post on X, Burniske reflected...
U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s...
Bitcoin hit a new all-time high of $100,000 for the first time in history after the price increase of 5% on the day of trading. Bitcoin btc7.74%Bitcoin, the world’s largest cryptocurrency by market capitalization, just hit a targeted price of $100,000 as a new all-time high. This milestone has significantly raised market confidence after the coin stumbled...
Inflows into U.S. spot Bitcoin ETFs surged by over 90% on Dec. 3 compared to the previous day, bringing their total holdings closer to matching the Bitcoin stash attributed to founder Satoshi Nakamoto. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $675.97 million inflows on Tuesday, nearly doubling the $353.67 million seen the previous day. These investment...
Bitcoin dominance dips to 55.81%, down from its November 2024 top of 61.53%. Declining BTC dominance has paved the way for the altcoin season, with over 75% of the top 100 altcoins consistently outperforming Bitcoin. Let’s deep-dive into the top 10 altcoins for beginners to buy in December 2024. Table of Contents Why Bitcoin dominance matters...
