ASIC sues Binance Australia for misclassifying over 500 retail clients, denying them proper consumer protections for derivatives.Binance compensates affected clients with $8.29 million, while ASIC seeks further penalties to enforce compliance and investor safeguards. The Australian Securities and Investments Commission (ASIC) has filed legal action against Binance Australia Derivatives, accusing the company of misclassifying over...
Bitfinex analysts project Bitcoin could reach $145,000 by mid-2025, with a best-case scenario pushing its price to $200,000 due to growing institutional adoption.Spot Bitcoin ETFs have attracted $36 billion in institutional investments, bolstering Bitcoin’s bullish outlook and 2025 all-time high predictions. After crossing $108,200 yesterday, Bitcoin is gaining significant traction, with analysts at Bitfinex forecasting...
XRP is reported to be poised for an explosive run due to six main factors, including the recent approval of the RLUSD and Donald Trump’s re-election. Another catalyst for a potential surge is the significant increase in daily transactions on the XRP Ledger. XRP has currently reclaimed its position as the third largest crypto by market...
The WBTC delisting faces criticism for unclear reasons tied to Justin Sun’s legal issues.Many question the fairness, as the platform behind the move is also under investigation. Coinbase’s decision to delist Wrapped Bitcoin (WBTC) in November raised quite a stink in the cryptocurrency community. The exchange mentioned in its announcement that Justin Sun, the founder...
Litecoin’s price surged 30% in a month, reaching $129.50, driven by miners accumulating $18 million worth of LTC within a week.Miners’ $17.7M investment tightened supply during strong demand, fueling bullish sentiment and positioning Litecoin for a potential breakout above $135. Litecoin (LTC) has seen a meteoric rise, with its price surging to $129.50 on Binance...
Arthur Hayes has predicted that Bitcoin and the broader market will dump hard in the coming weeks.Despite this, the BitMEX co-founder sees a bigger Bitcoin boom ahead. As the US Presidential inauguration on January 20, 2025, approaches, former BitMEX CEO Arthur Hayes has predicted a pessimistic outcome for crypto. In his latest essay, Hayes stated that...
JAKARTA – A year into its debut in the stock exchange, the stock performance of PT Agro Bahari Nusantara Tbk (UDNG) plummeted 52% as of yesterday’s (6/11) closing bell. Based on the data compiled by IDNFinancials today (7/11), the company issued 500 million shares on its debut day on Indonesia Stock Exchange (IDX) on October...
JAKARTA -PT Pan Brothers Tbk (PBRX) is anticipating decline in its sales number in 2025 following its limited working capital. Its total equity was reported at USD 333.60 million as of Q3 2024, relatively stable compared to the same period in 2023. In the information disclosure quoted Thursday (7/11), Fitri Ratnasari Hartono, Director of PBRX,...
Krom Bank Indonesia Tbk (BBSI) booked net profit of IDR 107.13 billion within the first nine months (9M) of 2024, up 9.54% year-on-year (yoy) from the same period last year. Anton Hermawan, President Director of BBSI, mentioned that the positive performance of the company until the end of Q3 2024 was supported by solid liquidity...
JAKARTA – The revenue of PT Venteny Fortuna International Tbk (VTNY) managed to report 86% year-on-year (yoy) surge, but its profit dropped significantly by up to 60.5% yoy at the end of September (9M) 2024. According to the press release today (7/11), VTNY’s revenue surge in 9M 2024, from IDR 100 billion to IDR 186...