Bitcoin has the potential to reach $1 million by 2033, with a projected cycle-high of $200,000 by 2025, according to analysts at Bernstein. The prediction comes as Bernstein initiated coverage of MicroStrategy, a software developer and the largest corporate holder of Bitcoin. The research report assigned an outperform rating to MicroStrategy, which currently possesses 1.1%...
JAKARTA - PT Sunindo Pratama Tbk (SUNI), an oil country tubular goods (OCTG) manufacturer, booked revenue of IDR 522.4 billion in the first half of 2024, nearly double the revenue seen in H1 2023 of IDR 263.2 billion, or increasing 98.6% year-on-year (yoy). “This surge in revenue was driven by significant increases in the sales...
Enbridge Inc. (ENB, ENB.TO) and Six Nations Energy Development LP (Six Nations) - a newly-created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Metis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations - announced Monday plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan. The...
In a highly anticipated development, the Federal Bureau of Prisons has confirmed that Binance founder Changpeng Zhao, commonly known as CZ, is scheduled for release on September 29, 2024. This confirmation was verified through the Bureau’s Inmate Locator tool, which lists Zhao’s identification number as 88087-510 with the corresponding release date. CZ’s release marks a...
The notorious Poloniex hacker responsible for last year’s security breach on the cryptocurrency exchange is on the move again. The thief transferred 1,100 Ethereum (ETH), valued at $3.4 million, to the sanctioned crypto mixer Tornado Cash on May 7 in an effort to launder the stolen funds. Poloniex Hacker Transfers 11 Batches of 100 Ether...
Police said they discovered “17 cryptocurrency mining devices” underground in the city’s Sergokalinsky District. Officers also said that the farm was run by “energy thieves.” The cabinet claimed that miners have “begun to create underground farms” and “mobile mining units” in several parts of Dagestan. The cabinet added that “illegal cryptocurrency miners” were responsible for...
A report released by the Federal Reserve on Wednesday showed industrial production in the U.S. increased by more than expected in the month of June. The Fed said industrial production climbed by 0.6 percent in June after jumping by 0.9 percent in May. Economists had expected industrial production to rise by 0.3 percent. The bigger...
The “real” Bitcoin (BTC) “bull run” is yet to start, a South Korean crypto firm CEO has claimed. The comments came from Chung Seok-moon (also known as Peter Chung), the head of the Presto Research Center, in an interview with the newspaper Hanguk Kyungjae. ‘Real BTC Bull Run’ on Its Way? Chung is the former...
German stocks were modestly higher on Monday ahead of a busy week for earnings and economic data releases. German consumer price inflation data, flash GDP numbers and employment data are due later in the week. European Central Bank Vice President Luis de Guindos speech is awaited later in the day, with investors looking for clues...
BlackRock is set to broaden Brazil’s cryptocurrency market with the introduction of the country’s first spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust BDR (IBIT39). Scheduled for launch on March 1 on Brazil’s main stock exchange B3, the iShares Bitcoin Trust Brazilian Depositary Receipts (BDR) will be accessible to qualified investors, with plans to...