Future Industry Will be Built on a Combination of AI and Blockchain: Teng Teng believes that the future industry, whichever sector, will be built on the combination of AI and blockchain. “You can’t run away from that. There’s so much talent pool working in this space, the best and the brightest,” he added. As a...
The US Securities and Exchange Commission (SEC) charged crypto advisor firm Galois Capital Management LLC on September 3 with custody and disclosure failures that harmed its investors. Per an SEC press release, Galois Capital agreed to pay the agency $225,000, which will be distributed to the firm’s harmed investors. *SEC CHARGES CRYPTO-FOCUSED ADVISORY FIRM GALOIS...
Matter Labs announced a reduction of its workforce by 16% as part of a restructuring effort on September 3. According to a social media post by CEO Alex Gluchowski, the decision follows an internal review that identified a mismatch between the company’s current roles and its evolving focus on supporting ZKsync Era and ZK Chains....
JAKARTA -PT Adira Dinamika Multi Finance Tbk (ADMF) or Adira Finance to pay off Shelf-Registration Bond of 2019 maturing on October 4, 2024. Based on information disclosure quoted Wednesday (4/9), Andreas Kurniawan, Head of Corporate Secretary Regulatory of Adira Finance, confirmed that the company will pay off series C of Shelf-Registration Bond IV Phase VI...
JAKARTA. Total incoming bids recorded in the last auction of Government Securities (lit. Surat Utang Negara/SUN) on September 3, 2024 reached IDR 45.48 trillion, according to the Directorate General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of SUN offered by the government in said auction. SPN12250904...
JAKARTA. PT Nev Stored Energy (NSE) will initiate a voluntary tender offer for the shares of PT Green Power Group Tbk (LABA), a steel manufacturer formerly called PT Ladangbaja Murni Tbk. In the issued prospectus, NSE, as the new controlling shareholder of LABA, is required to conduct a mandatory tender offer. However, the mandatory tender...
Energi Mega Persada Tbk (ENRG), an oil and gas company under Bakrie Group, has provided guarantee for a credit facility obtained by one of its subsidiaries, PT Imbang Tata Alam (ITA). Aside from ENRG, another subsidiary, EMP Bentu Limited, also participates in the guarantee provision for the credit facility acquired by ITA. The total credit...
German stocks fell on Wednesday to extend losses from the previous session as investors fretted about weakening U.S. and Chinese growth. Economic activity in the U.S. manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, raising concerns the worlds largest economy is headed for recession....
French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears. Disappointing services sector activity data from China and a disagreement among ECB policymakers on the outlook for regional growth also dented investors appetite for riskier assets. The benchmark CAC 40 was down 64 points,...
U.K. stocks traded lower on Wednesday amid concerns about slowing U.S. and Chinese growth. Meanwhile, the U.K. service sector activity expanded at the fastest pace in four months as the post-election upturn in business activity and new work was sustained in August along with easing inflationary pressures, final survey data from S&P Global showed. The...