Massachusetts plans to invest $900M of state money in Bitcoin and might lend it out for extra profit.More U.S. states follow Wyoming’s lead in adding Bitcoin to their financial strategies. A new legislative proposal in Massachusetts signals a potential shift in how U.S. states approach digital asset management. Republican Senator Peter Durant of Worcester County...
Cardano’s plans include integrating Bitcoin liquidity, Chainlink CCIP, and Ripple’s RLUSD stablecoins,emphasizing scalability and interoperability.Governance upgrades and technical advancements, like Ouroboros Leios, position Cardano as a DeFi leader with long-term growth potential. As Charles Hoskinson unveils Cardano’s 2025 Vision, the Cardano founder recently revealed an ambitious roadmap for 2025, spotlighting initiatives to enhance the blockchain’s...
Wyoming’s HB0201 proposes allocating up to 3% of state funds into Bitcoin, signaling innovation in state-level financial strategies.The bill emphasizes secure custody solutions, annual reporting, and compliance to protect Wyoming’s Bitcoin investments. Wyoming is boosting its position as a financial innovation leader by introducing House Bill 0201 (HB0201), also known as the “State Funds-Investment in...
Bitcoin reached a new all-time high of $110,000 ahead of Trump taking the U.S. Presidency.Analysts caution traders about market volatility, as liquidity challenges and resistance at $110,000 could lead to price corrections. Bitcoin has continued to break records, and on 20th January, it crossed the $110,000 mark for the first time ever. The cryptocurrency rose...
JAKARTA. Foreign investors consistently buy up shares in PT Perusahaan Perkebunan London Sumatra Tbk (LSIP), an oil palm plantation issuer belonging to the Salim Group, amid falling prices that have taken place in the last month. According to .com’s data, the LSIP share price fell 14.23% or 175 points to IDR 1,055 per share, as...
JAKARTA. BUMA International, one of the subsidiaries ofPT Delta Dunia Makmur Tbk (DOID), will take over 51% of Dawson Complex, a coal mining company based in Queensland, Australia. The acquisition value of this metallurgical coal mine is proposed at USD 455 million, consisting of USD 355 million of advance payment and USD 100 million of...
JAKARTA - PT Bank Negara Indonesia (Persero) Tbk or BNI has again won the highest title of The Best Overall in Corporate Governance at the 15th IICD Corporate Governance Conference & Award 2024 in the category of Public Companies with the Largest Market Capitalization (Big Cap Public Listed Company), after BNI received the same award...
Unilever Indonesia Tbk (UNVR), the biggest Fast Moving Consumer Goods (FMCG) company in Indonesia, will transfer its ice cream business line to PT The Magnum Ice Cream Indonesia (TMCI). Padwestiana Kristanti, Corporate Secretary of UNVR, mentioned that the company had signed a business line transfer agreement on November 22, 2024, with TMCI. TMCI was an...
JAKARTA -PT Chandra Asri Pacific Tbk (TPIA) grows optimistic regarding its business continuation following the successful extension of Industrial National Vital Object (OVNI) status conferred to its petrochemical factory in Ciwandan, Cilegon, Banten. The OVNI status was granted for this factory, spanning 115.35 hectares (Ha), for at least another 5 years until 2029. Suryandi, Director...
The South African rand recovered against the U.S. dollar in the New York session on Thursday. The South African rand rose to 18.09 against the greenback, from an early nearly 2- week low of 18.26. If the currency rises further, it is likely to test resistance around the 17.5 region.