Stacks’ Nakamoto and sBTC upgrades revolutionized its network, enhancing speed, capacity, and Bitcoin utility for long-term adoption.Stacks fosters developer innovation with dApps like VelarBTC and BitFlow, backed by a resilient, supportive community. Recently expressing his ideas on why he is still optimistic about Stacks, crypto influencer Moneystack discussed the project’s accomplishments, effects on the Bitcoin...
Institutional investors are steadily increasing their Bitcoin holdings as retail investors sell off prematurely, driven by impatience and financial pressure.Bitcoin’s appeal grows amid global economic uncertainty, with institutions adopting it as a hedge against inflation and financial instability. The Modern Investor has discussed a significant issue in the crypto market: institutional players are silently accumulating...
Ethereum’s long-term holders surged to 74.7%, surpassing Bitcoin’s 60%, reflecting a shift in investor confidence and strategy.Bitcoin faces challenges with low demand signals while Ethereum’s ecosystem thrives, driven by staking, DeFi, and rising adoption. The crypto market is turning its head, with Ethereum at the center of that change. Recent data from IntoTheBlock highlights a...
Bitcoin’s (BTC) recent double-bottom pattern hints at potential recovery amid volatile market conditions.A weaker dollar and potential quantitative easing could create favorable conditions for crypto market growth. Crypto influencer Lark Davis is weighing in on the possible implications of Bitcoin’s recent rebound, which is gaining traction amid volatile market movements. In his most recent YouTube...
Pinago Utama Tbk (PNGO), a company in the integrated palm and rubber plantation industry, signed investment credit facility agreement worth IDR 170 billion from PT Bank Mandiri (Persero) Tbk (BMRI). Meli Tantri, Director of PNGO, mentioned that this credit facility will boost its cash flow. “It then affects the business sustainability of the company,” she...
JAKARTA - Sugiman Halim, an independent investor, made the decision to simultaneously invest in two issuers on Friday, November 15. He now owns 6.09% of the shares in PT Newport Marine Services Tbk (BOAT), a business that rents out offshore vessels. Around 213.39 million BOAT shares were purportedly purchasedvia PT BRI Danareksa Sekuritas. Additionally, through...
JAKARTA – Shareholders of PT TBS Energi Utama Tbk (TOBA) agreed upon the plan to restructure its subsidiaries, PT Toba Bara Energi (TBE), PT Gorontalo Listrik Perdana (GLP), dan PT Minahasa Cahaya Lestari (MCL). In the minutes of General Meeting of Independent Shareholders (GMIS) quoted Tuesday (19/11), TOBA is said to divest all shares and...
MD Entertainment Tbk (FILM) has provided guarantee in the form of deposit for loan facilities received by its subsidiaries. The deposit balance in question is worth IDR 28.5 billion. This deposit guarantee is given to PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) as the creditor. Some of the subsidiaries that receive these loan facilities include...
JAKARTA – PT Indika Energy Tbk (INDY) is still grappling with challenges in its non-coal business diversification as of the first nine months (9M) of 2024. The divestment of PT Multi Tambang Jaya Utama (MUTU) and a decline in coal prices have caused INDY’s revenue to drop 22.4% year-on-year (yoy) in 9M 2024. As part...
The Canadian is up firmly in positive territory Thursday afternoon, and looks well on course to end the session on a buoyant note with stocks from technology, energy, industrials and financials sectors continuing to attract strong buying. The benchmark S&P/TSX Composite Index is up 340.82 points or 1.36% at 25,377.28. Celestica Inc (CLS.TO) is up...