CEO Stefan Rust also noted that his personal account was hacked. Additionally, he warned about scammers who impersonate as Truflation team to ask user’s TRUF tokens. “We will not ask you for tokens. There are already additional scammers coming out there and asking you to deposit a stake and return your TRUF tokens and they...
The probe began in 2021 and has involved key figures in Adams’ inner circle. One of the most prominent moments in the investigation came last year when the FBI searched the home of Adams’ chief fundraiser, Brianna Suggs, seizing digital devices and documents linked to the mayor. Suggs has not been formally accused of any...
Unlike traditional stablecoins that rely on direct fiat or asset backing, USDe employs derivative hedging strategies to maintain its U.S. dollar peg. It uses Bitcoin (BTC), Ether (ETH), Solana (SOL), and other crypto assets as collateral, with an arbitrage-based system for minting and redeeming tokens. Additionally, USDe generates yields through a cash-and-carry strategy. However, this...
In a recent interview, billionaire entrepreneur Mark Cuban expressed interest in becoming the Chair of the United States Securities and Exchange Commission (SEC), which Gary Gensler currently holds. Cuban’s declaration comes when the crypto industry heavily scrutinizes the SEC for its regulatory approach, particularly under Gensler’s leadership. Prominent figures such as lawyer John Deaton support...
JAKARTA -PT MNC Digital Entertainment Tbk (MSIN)steps in as the new shareholder ofPT Tripar Multivision Tbk (RAAM)via private placement of 619.42 million shares, bought for IDR 500 each. The transaction is recorded totalling IDR 309.71 billion. In the information disclosure quoted Friday (13/9), Whora Anita Raghunath, President Director of RAAM, said that after this private...
JAKARTA. PT Waskita Toll Road (WTR), a subsidiary ofPT Waskita Karya (Persero) Tbk (WSKT), has channelled a loan facility worth IDR 270 billion to PT Cimanggis Cibitung Tollways (CCT). The loan is a non-revolving loan, and will be allocated gradually, according to the shareholder loan facility agreement dated September 10, 2024. For the record, WTR...
JAKARTA -PT Aneka Tambang Tbk (ANTM) partners with two regional state-owned enterprises (SOEs) to establish joint ventures designed to work on nickel mining development in Pongkeru Block, East Luwu, South Sulawesi. In the press release quoted Tuesday (17/9), Nico Kanter, President Director of ANTM, mentioned that the joint venture is meant to optimise nickel potential...
Solusi Sinergi Digital Tbk (WIFI), through its subsidiary, PT Integrasi Jaringan Ekosistem (Weave), has signed a partnership agreement with 50 internet service providers (ISPs) to provide internet infrastructure for 25 million household internet users. Yune Marketatmo, CEO of WIFI, mentioned that this strategic partnership is a part of the company’s commitment in reinforcing digital ecosystem...
JAKARTA – Jakarta Stock Price Composite Index (JCI) fluctuated at over 7,820 since the opening bell today (17/9) until 11 AM WIB. Arriving at over 7,800, JCI broke its highest record, after lounging around 7,200-7,500 for a while. Monitoring the index this morning, the index reached 7,824.41 at 11.15 AM WIB, slipping from 7,835.84 at...
European stocks closed weak on Friday as the euphoria over the Federal Reserves jumbo interest-rate cut faded a bit, and investors shifted their focus to the latest economic data and the developments on the geopolitical front. Automobile stocks declined sharply. Shares of luxury goods manufacturers also traded weak. The pan European Stoxx 600 dropped 1.42%....