NEW YORK: Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed late Tuesday.
The world's most popular currency rose 3 per cent last week and was last up 3.8 per cent at US$38,104. Investment product flows also showed that altcoins, or the non-bitcoin, non-ether tokens, remained popular, with inflows into Cardano and Polkadot and Ripple.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysians panic buy days before lockdownMalaysia's beginning a strict two-week lockdown starting Tuesday, and the country saw panic buying at supermarkets ahead of its start as the daily COVID-19 cases per capita there soar past India's.Malaysian Prime Minister Muhyiddin Yassin announced a $9.7 billion emergency aid package the day before, aiming to boost healthcare capacity and give moratoriums on loans, grants for small businesses and subsidies for salaries.Malaysia's economy was on the path to recovery in the first quarter - then, infections began to spike.Major automakers like Toyota and Honda announced Tuesday they would temporarily halt production in Malaysia due to the new lockdown, which will only allow essential manufacturing and the service sector to continue operations.The country has tried to step up its vaccination campaign, but fewer than 6% of Malaysians have received at least one vaccine dose - barely half the proportion in India.Malaysia's COVID-19 surge reflects an alarming trend across Southeast Asia, where countries are struggling to combat a rise in cases and vaccination rollouts are slow.Countries like Thailand and Vietnam had won praise for containing earlier waves of the virus.However, Thailand has seen its COVID-19 death toll rise tenfold over the past two months, while Vietnamese officials detected a more contagious combination of the British and Indian variants over the weekend.
Source: YahooSG - 🏆 3. / 71 Read more »
RBI expected to keep rates steady, liquidity steps eyedIndia's central bank will likely keep interest rates at record lows this week as it assesses the economic fallout of the country's evolving ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lee Seung-gi's fans use truck to protest new romanceThe actor's fans are concerned over alleged crime related to Lee Da-in's family
Source: YahooSG - 🏆 3. / 71 Read more »
StanChart unit to launch cryptocurrency trading ventureHONG KONG: A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in the UK and Europe targeting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
15 new COVID-19 community infections in Singapore, including 7 unlinked casesSINGAPORE: Singapore reported 15 new COVID-19 infections in the community as of noon on Tuesday (Jun 1), including seven with no links to previous ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Empty streets and malls as Malaysia locks downMalaysia began a two-week national lockdown on Tuesday, with police checkpoints on road junctions around the capital Kuala Lumpur as authorities tackle a wave of COVID-19 infections that has hit record levels in recent weeks. Prime Minister Muhyiddin Yassin called it a 'total lockdown', though essential services are allowed and some factories can operate with a reduced workforce. 'For me, the lockdown should have been carried out during Ramadan when there were fewer cases and people didn’t move around as much,' said bank manager Muhammad Azril Maridzuan, referring to the Muslim fasting month that ended in mid-May.
Source: YahooSG - 🏆 3. / 71 Read more »