Bitcoin breaches US$94,000 for the first time Posted on 20/11/2024 Bitcoin has more than doubled this year on hopes of a cryptocurrency-friendly regime under the incoming Donald Trump administration. (EPA Images pic) SINGAPORE: Bitcoin rose to a record high above US$94,000 as a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt added to hopes of a cryptocurrency-friendly regime under the incoming Trump administration. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled this year. It was last at US$92,104 in Asian hours on Wednesday, having touched a record high US$94,078 just toward the end of the previous session. The Financial Times, citing two people with knowledge, said Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by NYSE-owner Intercontinental Exchange. Tony Sycamore, market analyst at IG, said bitcoin’s rise to a record high was supported by the Trump deal talk report as well as traders taking advantage of the first day of options trading on the Nasdaq over BlackRock’s Bitcoin ETF. Cryptocurrencies have soared since the Nov 5 US election as traders bet president-elect Trump’s promised support for digital assets would lead to a less restrictive regulatory regime and inject some life back into bitcoin after a listless few months. The growing excitement has taken the global cryptocurrency market’s value above US$3 trillion to a record high, based on analytics and data aggregator CoinGecko. Chris Weston, head of research at Australian online broker Pepperstone, said there is real underlying buying pressure for bitcoin, and “another kick higher should bring in a fresh chase from those who like to buy what’s strong”. News
Bersatu taking further legal action against MACC, banks over frozen accounts Posted on 01/12/2024 Speaking after Bersatu’s general assembly today, Muhyiddin Yassin (centre) said it is ‘oppressive and unjust’ to freeze the funds it needs to run its activities. SHAH ALAM: Bersatu president Muhyiddin Yassin says the party is considering further legal action against the Malaysian Anti-Corruption Commission (MACC) and banks for freezing the… Read More
Selangor Sultan frets over rise in drug abuse, especially among Malays Posted on 18/11/2024 SHAH ALAM, Nov 18 — The Sultan of Selangor, Sultan Sharafuddin Idris Shah expressed concern over the worsening menace of drug addiction among the community. According to a post on Selangor Royal Office’s Facebook, the Sultan revealed the matter following the disclosure of statistics of drug abusers and addicts in… Read More
Roma sack coach Juric after four losses in last five league games Posted on 11/11/2024 Roma’s head coach Ivan Juric (right) gives instructions during the Serie A match against Bologna at Rome’s Olympic Stadium. (AP pic) ROMA: AS Roma have sacked coach Ivan Juric, the Serie A club said on Sunday, as the Croatian became the capital side’s second coach to be fired this season…. Read More