BlackRock’s Bitcoin ETF plan raises concerns about asset ownership and risks during protocol changes or hard forks.Self-custody is crucial for Bitcoin holders to maintain financial sovereignty and protect against centralized risks. Bitcoin has become a benchmark for worldwide investors, with considerable inflows, particularly through exchange-traded funds (ETFs). Within just two trading days early in 2024...
Pro-crypto U.S Senator Cynthia Lummis has advised countries to diversify military spending to Bitcoin.Market analysts have split the forecast for Bitcoin price but with a potential long-term rally. Republican Senator Cynthia Lummis continues to pledge support for Bitcoin (BTC), the flagship cryptocurrency. Recently, she insinuated that the US’s entry into Bitcoin may terrify competing countries...
The U.S. government received approval to liquidate 69,370 Bitcoins seized from the Silk Road darknet marketplace.The decision highlights the government’s effort to manage seized cryptocurrency amid concerns about its impact on the market. The United States government has obtained judicial authority to liquidate about 69,370 Bitcoins seized from the infamous Silk Road darknet marketplace. Reported...
The U.S. government is preparing to sell 69,370 BTC following a Supreme Court decision that effectively ends a lengthy legal dispute over the ownership of these crypto assets.The sale of such a massive volume of Bitcoin, valued at over $6.5 billion by the U.S. government, is expected to introduce substantial selling pressure on the market....
Nation-states and billionaires are rapidly securing Bitcoin as a hedge against fiat instability and future scarcity.Bitcoin ETFs and institutional demand intensify competition, with dwindling exchange supplies fueling a global Bitcoin race. The year 2025 began with an evident frenzy in the Bitcoin market. Driven by concerns about monetary instability, nation-states, billionaires, and companies are vying...
JAKARTA -PT Chemstar Indonesia Tbk (CHEM) is targeting revenue to reach IDR 207 billion in 2025, an increase from projected revenue of IDR 161 billion at the end of 2024. This number is deemed obtainable following growth in energy and agrobusiness segments. Kwee Sutrimo, President Director of CHEM, said that the company will aggressively expand...
JAKARTA - Robby Adijaya, an investor, acquired shares in PT Ginting Jaya Energi Tbk (WOWS) on Thursday, November 14. With a 5.11% stake, this individual investor purchased 126.56 million shares through PT Trimegah Sekuritas Indonesia Tbk and four additional securities firms. WOWS is an oil and gas contractor with a focus on procurement and rig...
JAKARTA – Although the revenue slipped 19.97% year-on-year (yoy), PT Adhi Karya (Persero) Tbk (ADHI) reported profit soaring 194.51% yoy in Q3 2024 to IDR 69.32 billion from IDR 23.53 billion in the same period last year. This profit surge was supported by efficiency in operating expenses and income tax expenses. Based on Q3 2024...
Merdeka Battery Materials Tbk (MBMA) has signed a financing facility with PT Merdeka Tsingshan Indonesia (MTI) worth up to USD 200 million. “Said fund will be used by MTI for corporate general needs,” said the management of MBMA in the official disclosure in Indonesia Stock Exchange (IDX). According to IDNFinancials data, MBMA reported cash and...
JAKARTA -PT Kawasan Industri Jababeka Tbk (KIJA) is optimistic about attaining marketing sales of IDR 3 trillion this year, up from IDR 2.5 trillion set previously. Budianto Liman, Vice President Director of KIJA, mentioned that its marketing sales target for the fiscal year (FY) 2024 is revised following the new government’s policy to support property...