Michael Saylor has confirmed MicroStrategy needs more leverage to boost its Bitcoin strategy.MicroStrategy shares have benefitted immensely over the year, earning inclusion in the Nasdaq 100 index. Michael Saylor, a co-founder and Chairman of MicroStrategy, recently disclosed a new fundraising strategy for the software development firm. With MicroStrategy already focused on Bitcoin (BTC) acquisition, many...
XRP gains traction through whale support, outperforming BTC and ETH with resilience amid market turbulence.Ethereum’s strategic whale trading aids recovery, but XRP’s fundamentals and unique initiatives give it a competitive edge. The cryptocurrency market faced turbulence as the Federal Reserve implemented its third interest rate cut of 2024, fueling a sell-off that dragged Bitcoin below...
Bitcoin’s crash triggered cascading sell-offs, leading to sharp declines across Ethereum, XRP, Dogecoin, and Solana.$1.17B liquidations highlight market volatility, with Bitcoin’s dominance influencing broader crypto movements. The cryptocurrency market faced a sharp pullback as Bitcoin tumbled 7% to $97,020, just two days after reaching a record high above $108,000. Previously, after Bitcoin crashed below $53,500,...
The Bitcoin bullish wave continues with support levels identified at $80K, $90K, and $100K for daily and weekly trends.Accumulation remains the primary strategy for whales, signaling long-term optimism for Bitcoin and the broader crypto market. Bitcoin momentum in the crypto market continues to attract traders and investors, with analysts providing insights into the top digital...
JAKARTA - The parent company of PT Bumi Resources Minerals Tbk (BRMS), PT Bumi Resources Tbk, acquired 80 million shares of the company on Wednesday, November 6. With the help of PT Trimegah Sekuritas Indonesia Tbk, this investors share portion increased from 5.34% to 5.4%. BRMS is a subsidiary of Bumi Resources, which primarily operates...
JAKARTA – The Indonesian government is once again scheduling an auction of Government Securities (lit. Surat Utang Negara/SUN) next Thursday, November 14, 2024, with an indicative target of IDR 22 trillion. There will be 8 series of SUN that will be auctioned off in this round, according to Directorate-General of Budget Financing and Risk Management...
JAKARTA – PT Bank Negara Indonesia (Persero) Tbk or BNI, through its mobile banking application, wondr by BNI, continues its expansion to explore major cities in the world. This time, wondr by BNI also supports Indonesia Week Hong Kong 2024, which is organized by the Consulate General of the Republic of Indonesia in Hong Kong...
Kurniamitra Duta Sentosa Tbk (KMDS), a food and beverages (F&B) company, announces the distribution of interim dividend of IDR 15 per share, or a total of IDR 12 billion. Dewi Irianty Wijaya, Director of Finance of KMDS, mentioned that the plan is in line with the decision of the board of directors made a couple...
Semen Indonesia (Persero) Tbk (SMGR), a cement manufacturer primarily owned by the Indonesian government, booked net profit of IDR 719.72 billion within the first nine months (9M) of 2024. Said number dropped 58% year-on-year (yoy) from the same period last year, in which SMGR managed to bring in net profit of IDR 1.71 trillion. Within...
The Canadian dollar climbed against its major counterparts in the New York session on Tuesday. The loonie recovered to 1.3925 against the greenback, from an early more than 2-year low of 1.3967. The loonie climbed to a 6-day high of 0.9090 against the aussie, 5-day high of 111.07 against the yen and a fresh 4-month...