The Australian stock market is extending its gains in mid-market trading on Monday, after snapping the five-session losing streak, with the benchmark S&P/ASX 200 index still staying well above the 8,300.00 level, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks amid weaker commodity prices. The benchmark S&P/ASX...
OKX’s operator admitted to operating an unlicensed money transfer business in the US and agreed to pay $505 million in fines and forfeitures.Despite US legal issues, the exchange expands in Europe and Asia, leveraging a MiCA license and deepening financial integration in Singapore. OKX, one of the leading cryptocurrency exchanges, has just suffered one of...
Ethereum’s Pectra upgrade begins testing on Holesky testnet today, with Sepolia following on March 5, aiming for scalability and better validator incentives.Pectra increases Ethereum validator staking limits from 32 ETH to 2,048 ETH, attracting larger stakeholders and strengthening network security. Ethereum developers are rolling out a major network upgrade called Pectra, with initial testing started...
Montana’s House rejected Bill No. 429 to make Bitcoin a state reserve asset, with 41 votes in favor and 59 against.Many Republican lawmakers opposed the proposal, citing concerns over taxpayer funds and potential risks in adopting Bitcoin as a reserve asset. Montana is taking a different approach to Bitcoin as part of its financial strategy,...
DekaBank’s launch of institutional crypto services signals a growing acceptance of digital assets within traditional banking.Regulatory compliance, including BaFin and ECB oversight, strengthens investor confidence in DekaBank’s crypto expansion. Since 2021, Germany has allowed institutional funds to invest up to 20% of their holdings in crypto, marking a significant shift in the country’s financial regulations....
Crypto investment funds saw $508 million in outflows last week, marking a second consecutive week of losses, mainly driven by U.S. investors pulling back.Bitcoin led the decline with $571 million in outflows, while altcoins like XRP and Solana attracted fresh capital from investors. Crypto investment funds suffered last week, shedding $508 million in net outflows,...
JAKARTA - After foreign investors purchased 1.68 billion shares of PT GoTo Gojek Tokopedia Tbk (GOTO), with a net volume of 330.10 million shares, the companys shares topped the top buy list on Thursday, December 19. At 4.09 billion shares, these acquisitions accounted for about 40% of the overall foreign buy volume. In the meantime,...
JAKARTA – The Jakarta Composite Index (JCI) continued its six-day losing streak on Thursday (19/12), experiencing its steepest drop of 1.84%. At the close of trading on Thursday, the JCI settled at 6,977.24, down by 130.64 points from Wednesday’s (18/12) closing level. Total transaction value on the Indonesia Stock Exchange (BEI) amounted to IDR 14.13...
JAKARTA – The Indonesian Defense University (Unhan RI) has partnered with Wilo, a German company specializing in modern pump technology, to implement advanced pump systems in various sectors, including defense. Ashish Patil, Wilos Operational Manager for Southeast Asia, discussed the fundamental principles of pump systems and their applications across different sectors during a guest lecture...
JAKARTA. PT Raharja Energi Cepu Tbk (RATU), a holding company ofPT Rukun Raharja Tbk (RAJA), plan to debut on Indonesia Stock Exchange (IDX) by offering 543.01 million shares. According to the issued prospectus, 190.05 million shares issued in RATU’s initial public offering (IPO) are new shares taken out of its portfolio. However, the remaining 352.9...