The Indonesia stock market bounced higher again on Tuesday, one day after snapping the three-day winning streak in which it had collected more than 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 7,760-point plateau although it may head south again on Wednesday. The global forecast for the Asian markets...
The South Korea stock market has finished lower in four straight sessions, plunging almost 140 points or 5.2 percent along the way. The KOSPI now rests just above the 2,540-point plateau and its expected to open under pressure again on Monday. The global forecast for the Asian markets is negative on concerns over the health...
CryptoNews spoke with Patrick Liou, Gemini’s Principal of Institutional Sales, to discuss key issues surrounding crypto adoption, regulation, and gender disparities. Earlier today, Gemini released a report highlighting crypto ownership across the UK, US, France, and Singapore. We asked Liou about the importance of clear regulations to foster broader crypto adoption. The Gemini executive believes...
Suspect Admits Money ‘Changed Hands,’ But Denies Bribery Charges Kang is thought to be the shadowy “real” owner of Bithumb, and has allegedly bought firms with smaller stakes in the crypto exchange. Officials think Kang and his associates manipulated altcoin prices on the platform to their own benefit. Kang has also been accused of using...
Bank Has Conducted ‘Successful Pilot with Nornikel’ Vedomosti quoted a Central Bank spokesperson as saying that platform providers are “interested in developing” ways to “interact” with the bank. The bank has full control over the sector and is the only body in Russia that can issue DFA issuance permits. Kristina Aleshina, Deputy Director of the...
DePINs have experienced rapid growth and adoption across various sectors in recent years. Messari reported that DePIN projects added over 600,000 new nodes in 2023 alone, spanning compute, wireless, and sensor networks. According to Messari, the DePIN market cap has surged by over 400% year-over-year, reaching a total of $20 billion. This growth has been...
JAKARTA – Jakarta Stock Price Composite Index (JCI) broke another record throughout today’s (6/9) session. It arrived at 7,733.35 nearing the end of the closing bell at 3.49 PM WIB, higher than 7,700 level recorded yesterday (5/9). Monitoring the board today, JCI shifted positively, bullish at the green zone. Right after the opening bell, the...
JAKARTA. Indonesia Stock Exchange (IDX) authority will modify the regulation in the stock market to increase the quality of listed companies, following the controversy of gratification for IPO, leading to contract termination of several employees. I Gede Nyoman Yetna, Director of Listing of IDX, mentioned that one of the adjustments from the stock exchange authority...
JAKARTA – Bank Indonesia (BI) reported an increase in forex reserves in August 2024 following a decline back in February 2024. This increase maintains a rebound trend of forex recorded since July 2024 at USD 145.4 billion. Erwin Haryono, Assistant Governor of Department of Communication of BI, said that forex reserves in August 2024 reached...
JAKARTA -PT Ancora Indonesia Resources Tbk (OKAS)obtains a loan facility with a maximum limit of IDR 150 billion from PT Bank Pan Indonesia Tbk (PNBN). The total credit facility is charged with an interest rate of 10% per annum (floating). Ahmad Zakky Habibie, Corporate Secretary of OKAS, mentioned that credit facility will be utilised for...