Latest news with #ALGO
Borneo Post
15-07-2025
- Business
- Borneo Post
Bitcoin surpasses RM510,000 on Luno, as institutional demand continuously grows
The strong demand from investment firms and companies for Bitcoin exposure, be it direct purchases or ETFs, has created a recent uptick in the price. — AFP photo PETALING JAYA (July 15, 2025) : Bitcoin, the first and largest cryptocurrency by market capitalisation, has hit over half a million ringgit on Luno, as institutional demand continuously grows. The strong demand from investment firms and companies for Bitcoin exposure, be it direct purchases or ETFs, has created a recent uptick in the price. This is coupled by the US Federal Reserve's more dovish tone. This environment has supported greater investor risk appetite, benefifiting alternative assets like Bitcoin. In parallel, the rally triggered a short squeeze of over US$200 million, as traders who had bet against the asset were forced to buy back their positions, further accelerating the price momentum. Luno's country manager for Malaysia, Scarlett Chai, said, 'The crypto market has evolved so much in the past couple of years, largely led by Bitcoin. 'Today, despite the scepticism of the asset class, Bitcoin is the fififth largest asset by market cap after Apple – one of the world's most recognisable brands'. Bitcoin's bullish momentum has also led to a rally in other coins, known as altcoins, including Stellar (XLM), Alogrand (ALGO), and Hedera (HBAR), which have seen over a 50 per cent price increase in a week. These are among the altcoins Luno has proposed to the Securities Commission Malaysia that were aligned with the regulator's requirements. Of the three coins above, ALGO and HBAR were launched this year, part of Luno's effort in expanding the list of tradable digital assets in the country. Chai added, 'We've not seen a demand like this from institutions. Investors are optimistic about the US government's supportive stance toward crypto, which makes them confifident about Bitcoin's future'. Chai also cautioned investors of a possible rise in investment scams taking advantage of Bitcoin's reignited popularity. 'Steer clear of any investment schemes that seem too good to be true, especially if they're social media advertisements promising good returns. 'Regulated crypto exchanges will never engage third parties to facilitate the investment or trade on your behalf', she concluded.
New Straits Times
14-07-2025
- Business
- New Straits Times
Bitcoin breaches RM500,000 on Luno platform as demand rises
KUALA LUMPUR: Bitcoin, the world's largest cryptocurrency by market capitalisation, has hit over half a million ringgit on Luno, as institutional demand continuously grows. According to Luno, the strong demand from investment firms and companies for Bitcoin exposure, be it direct purchases or ETFs, has created a recent uptick in the price. Luno said this is coupled by the US Federal Reserve's more dovish tone. "This environment has supported greater investor risk appetite, benefiting alternative assets like Bitcoin. "In parallel, the rally triggered a short squeeze of over US$200 million, as traders who had bet against the asset were forced to buy back their positions, further accelerating the price momentum," it said in a statement. Luno country manager for Malaysia Scarlett Chai said the crypto market has evolved so much in the past couple of years, largely led by Bitcoin. "Today, despite the scepticism of the asset class, Bitcoin is the fifth largest asset by market cap after Apple – one of the world's most recognisable brands," said Chai. Bitcoin's bullish momentum has also led to a rally in other coins, known as altcoins, including Stellar (XLM), Alogrand (ALGO), and Hedera (HBAR), which have seen over a 50 per cent price increase in a week. These are among the altcoins Luno has proposed to the Securities Commission that were aligned with the regulator's requirements. Of the three coins above, ALGO and HBAR were launched this year, part of Luno's effort in expanding the list of tradable digital assets in the country. "We have not seen a demand like this from institutions. Investors are optimistic about the US government's supportive stance toward crypto, which makes them confident about Bitcoin's future," Chai noted. Chai cautioned investors of a possible rise in investment scams taking advantage of Bitcoin's reignited popularity. "Steer clear of any investment schemes that seem too good to be true, especially if they are social media advertisements promising good returns. "Regulated crypto exchanges will never engage third parties to facilitate the investment or trade on your behalf", she added.
Yahoo
10-05-2025
- Climate
- Yahoo
Limestone's new weather camera to also help Lawrence, Morgan counties
May 10—ATHENS — The Limestone County Emergency Management Agency is installing a weather camera at Lucy's Marina in unincorporated Limestone County that will have a view across the river that could help other counties as well. "Most of the time, when we get weather, it comes out of Lawrence County and crosses the river at that point," said Limestone County EMA Director Eddie Gilbert. "We thought it would be a good idea to see anything that comes across the river in our county." Gilbert said they would be able to see hail, heavy rain, strong winds and tornadoes. "It will hopefully give us a heads up when there's a violent storm heading into our county," he said. "Anything the camera can pick up, we'll look at it." The camera will be aimed toward Browns Ferry Nuclear Plant, Gilbert said, and Lawrence County. He said all EMAs are able to tap into other EMA cameras, as long as they have Wi-Fi capability. "If they can see it, it's almost past us. But we might be able to see what's coming right there in the northwestern, Hillsboro part of the county," said Lawrence County EMA Director Chris Waldrep. "Anything that helps to see what's going on (is great). ... Anytime you put another eye in the sky, it's going to help somebody, and it's going to help Limestone County, and I'm very happy there's another one to have access to." Waldrep said it will be beneficial to see what is going on weather-wise at Browns Ferry Nuclear Plant. "We're a Browns Ferry (Nuclear Plant) county as far as evacuations," he said. "That would definitely help to see if anything was going to hit the plant itself." Waldrep said the camera they have does not have Wi-Fi capability and therefore cannot be shared with other EMAs. He said it is very expensive to replace. However, Waldrep said a couple of years ago, they installed a 60-mile circumference radar which has been extremely helpful. "They put a radar on top of one of our water towers in Moulton to bridge the gap between all the radars," Waldrep said. "Lawrence County was in a radar gap." He said they also can tap into the Sheriff's Office's camera. Morgan County EMA Director Jonathan Warner said although the camera will not be pointed toward Morgan County, it will still be beneficial. "This is going to benefit Limestone and Lawrence counties the most. It's right where tornadoes go out of Lawrence County and into Limestone County from time to time," he said. "It will benefit us just in the sense that it should be able to see the nuclear plant, and EMAs share cameras." Warner said they have one camera on top of the Morgan County Courthouse because EMA is in the basement. He said they also tap into the Alabama Department of Transportation's ALGO cameras and Decatur's cameras. Gilbert said they are currently installing brackets to hold the camera, which should be installed within about a week. Lucy's Marina is located at 609 Bay Village Drive in District 3 of unincorporated Limestone County. Gilbert said they currently have two other cameras on the EMA building on West Market Street in downtown Athens. "It's just not a good, clear view because of all the trees," he said. "But the one on the river, it'll have a good, clear view, and anytime lightning strikes or whatever, it should be easy to see if there is a tornado." Gilbert said the camera is very inexpensive and the funds are coming out of the Limestone County's EMA budget. "The benefits should outweigh the costs by a landslide," he said. — or 256-340-2460.
The Sun
27-04-2025
- Business
- The Sun
Luno Malaysia adds Algorand and NEAR Protocol to its digital asset offerings
PETALING JAYA: Luno Malaysia has expanded its list of digital assets with the launch of two new coins – Algorand and NEAR Protocol. The launch is also the first batch of digital assets approved by the Securities Commission Malaysia this year for both Luno and the country. The two new coins bring Luno's digital asset offerings in Malaysia to 20. The widened offering enables investors to explore more of the crypto ecosystem and diversify their portfolios safely and securely. Algorand is an eco-friendly blockchain enabling fast, low-cost transactions and scalable, secure decentralised applications (dApps), aiming for a sustainable, borderless digital economy while NEAR Protocol is a fast, scalable blockchain with low-cost transactions, high throughput, and user-friendly tools for dApp development, focused on decentralisation and sustainability. Luno country manager for Malaysia, Scarlett Chai, said, 'In 2024, Luno led the approval of seven digital assets with the Securities Commission Malaysia. We aim to double that this year, starting with these two digital assets. The team is actively engaging the regulator to launch new digital assets expeditiously/' She said the addition of two new digital assets expands the platform's total assets to 20, while the recent milestone of surpassing one million customers reinforces Luno's position as Malaysia's leading regulated digital asset exchange. In addition to the launch of ALGO and NEAR, Luno is broadening its Staking feature to include NEAR in the coming weeks. NEAR Staking would allow customers to earn up to 7% per annum in passive rewards, which are earned daily. 'Our recent staking launch of Polkadot and the upcoming NEAR Protocol rearm Luno's commitment to growing Malaysia's digital asset landscape by not only making digital asset investments a safe and accessible option, but also being innovative by enabling our customers to grow their holdings,' said Chai. Today, Luno is the country's only regulated digital asset exchange, providing customers with staking services for Ethereum, Solana, Cardano, Polkadot and, soon, NEAR Protocol.
