Strategy is raising $2 billion through convertible senior notes to buy more Bitcoin.Bitcoin’s price is fluctuating, and Strategy sees this as an opportunity to buy more. Strategy, formerly known as MicroStrategy, has announced that it is issuing $2 billion in convertible senior notes in a private offering. The company aims to allocate funds to expand...
Bitcoin (BTC) has been tipped for a possible rebound as Tether and Circle mints a total of $1.25 billion in just 24 hours. Bitcoin miners are also reported to have sold more than 2000 BTC in the past week, hinting at a possible correction. Over the last 14 days, Bitcoin (BTC) has consolidated below the $100k...
Ripple CTO David Schwartz highlights XRPL’s reliance on custodians for Bitcoin transactions, challenging decentralization principles.Schwartz addresses XRP’s decentralized consensus process, emphasizing the need for community agreement on network changes. Ripple CTO David Schwartz recently addressed the ongoing debates surrounding the decentralization of the XRP Ledger (XRPL), shedding light on the platform’s design and its role...
JAKARTA - On Monday, December 9, PT Adaro Strategic Investments made the decision to purchase about 3.20 billion shares ofPT Adaro Andalan Indonesia Tbk (AADI)so as to become a new shareholder. Adaro Strategic now officially owns 24.05% of the thermal coalparent companys shares through BUT Deutsche Bank AG and five more securities firms. In the...
JAKARTA - PT Nusantara Sawit Sejahtera Tbk (NSSS) projects that the growth of palm oil prices will not be much different from this year, ranging from 4,000 - 5,000 Malaysian ringgit per tonne. Nusantara Sawit Sejahtera Director Kurniadi Patriawan said the current CPO price, as shown by the companys average selling price (ASP), is IDR...
JAKARTA - Jon Fieris reduced the volume of his shares in PT Hotel Fitra International Tbk (FITT) gradually by 9.2% in the last two weeks of December 2024. The total share sale transaction was recorded at IDR 11.47 billion. Based on the data compiled by IDN Financials, Monday (16/12), it shows that Jon Fieris owns...
JAKARTA. The Indonesian government has officially announced an increase in Value Added Tax (VAT) to 12% and will take effect from January 1, 2025. Airlangga Hartarto, Coordinating Minister for Economic Affairs, said the determination was in line with the Law on Harmonization of Tax Regulations (UU HPP). In accordance with the mandate of the HPP...
JAKARTA - PT Goto Gojek Tokopedia Tbk (GOTO) posted net foreign shares of 1.44 billion, placing it at the top of top net foreign shares at the closing bell, Monday (16/12). Based on the data compiled by IDN Financials, it shows that the largest e-commerce platform issuer recorded foreign buys of 3.23 billion and foreign...
Australias markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately protect customers from scams. As per the documents filed by the Australian Securities and Investments Commission or ASIC, HSBC Bank of Australia Ltd. or HSBC Australia failed to properly protect customers scammed out of millions of...
The British pound strengthened against other major currencies in the European session on Monday, after data showed that the U.K. private sector activity advanced at a steady pace in December. Data from S&P Global showed that the U.K. Purchasing Managers Index (PMI) posted 50.5, unchanged from November. The economists had expected the index to improve...