A crypto analyst highlights potential growth in altcoins due to pro-crypto moves under the Trump administration.Ethereum and other altcoins are preparing for significant upward momentum, supported by key RSI trends and market patterns. Lark Davis’s recent video, “Is Now A Good Time To Buy Crypto Altcoins?” dives extensively into the variables impacting the crypto market,...
MicroStrategy co-founder Michael Saylor proposes a comprehensive crypto framework to increase the digital asset market’s valuation from $1 trillion to $590 trillion. Meanwhile, critic Peter Schiff believes that these proposals would rather make “America a laughing stock.” MicroStrategy’s Michael Saylor has proposed a comprehensive framework to successfully and adequately integrate digital assets into the US financial...
Bitcoin faces downward pressure with a possible drop to $80,000, as bearish signals and low liquidity raise concerns.Despite the negative sentiment, some analysts see buying opportunities for long-term investors, citing potential market recovery. Bitcoin’s price is still fluctuating and is already in dangerous territory this Christmas week. BTC/USD currently is right below $100,000; analysts have...
VanEck claims a U.S. Bitcoin reserve could cut national debt by 35% if Bitcoin grows to $42.3 million by 2049.Senator Lummis’ bill proposes funding the reserve with seized Bitcoin, gold sales, and strategic financing without impacting taxpayers. Asset management firm VanEck has suggested that the United States could significantly reduce its national debt by establishing...
Ethereum (ETH) is expected to break into a crucial resistance level at $4,100 to hit $8,000 by 2025. This bullish thesis is supported by the rising performance of the Ethereum (ETH) ETFs which have printed net inflows for seven consecutive days. Ethereum (ETH) has taken a nosedive from its yearly high of $4,100 to $3,334 after...
JAKARTA - On Wednesday, November 6, foreign investors’ shares purchases hit up to 4.67 billion shares. Meanwhile, foreign sales volume stood at 4.49 billion shares, resulting in a net foreign volume surplus of 181.96 million shares. The mineral mining business PT Bumi Resources Minerals Tbk (BRMS) had the most shares purchased, totalling 882.48 million shares...
Wijaya Cahaya Timber Tbk (FWCT), a plywood manufacturer established circa 2017, announces interim dividend distribution of IDR 3 per share, or a total of IDR 5.63 billion. Budi Tjahjadi, Director of FWCT, mentioned that the plan is in line with the decision of the board of directors made a couple of days ago. “It had...
TBS Energi Utama Tbk (TOBA), an issuer in the management consultancy field and a holding company, has reportedly acquired Sembcorp Environment Pte Ltd (SEPL). The acquisition is carried out by TOB through one of its subsidiaries based in Singapore, SBT Investment 2 Pte Ltd. It is known that SBT 2 is a company owned by...
JAKARTA. PT Mandiri Tunas Finance (MTF), a subsidiary of PT Bank Mandiri (Persero) Tbk (BMRI) engaged in financing industry, is issuing Shelf-Registration Bond VI Phase IV Year 2024 with total principal of IDR 1.61 trillion. The security is a part of a public offering program of Shelf-Registration Bond VI of MTF with target proceeds reaching...
JAKARTA - PT Sarana Mutligriya Finansial (Persero) will issue Shelf-Registration Social Bond I Phase IV Year 2024 worth IDR 1.2 trillion. The public offering will start from November 22 to 25, 2024. In the issued prospectus quoted Monday (11/11), the proceeds from this bond issuance will be used to refinance housing and residential financing in...