Bitcoin exchange inflows surge, increasing the likelihood of a selloff

Bitcoin started to see increased inflows into centralized exchanges from Dec. 1, hinting at a potential selloff. According to data provided by IntoTheBlock, the Bitcoin btc7.74%Bitcoin exchange net flows surged from a net outflow of $69 million to a net inflow of $326 million. The flagship cryptocurrency recorded a net inflow of $230 million on Dec. 3. BTC exchange...

Bitcoin exchange holdings decline to multi-year low: report

Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin btc-0.25%Bitcoin from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment plan...

Malaysia and China ink 14 MOUs

PUTRAJAYA: Malaysia and China have exchanged 14 memorandums of understanding (MOUs) through which both countries will share expertise and best practices, and collaborate in various fields. The exchange of MOUs was witnessed by Prime Minister Datuk Seri Anwar Ibrahim and Chinese Premier Li Qiang during the latter’s three-day official visit to Malaysia. Among the highlights was the...

Binance forces conversion of 15 tokens to USDT

Cryptocurrency exchange Binance will force the conversion of 15 tokens into USDT. The reasons for Binance’s decision are unclear at press time. According to today’s platform announcement, Binance will convert tokens into USDT based on users’ funds in their Binance wallets at midnight on April 21. However, users can withdraw the airdropped or delisted tokens until this time. After the specified time,...

M Kumar is Johor’s new police chief effective January, 2024

KUALA LUMPUR: Johor deputy police chief DCP M Kumar has been appointed as the Johor police chief with the rank of acting Commissioner of Police (CP) effective Jan 23, 2024. Royal Malaysia Police secretary Alzafny Ahmad said the principal assistant director (administration/general policing) at the Integrity Division of the Integrity and Standards Compliance Department, Bukit Aman,...