The Czech National Bank is exploring Bitcoin as a potential reserve asset, considering a €7 billion allocation.While Bitcoin adoption by central banks is gaining traction, regulatory concerns and volatility remain key hurdles. Building on CNF’s recent update, the Czech National Bank (CNB) is considering diversifying its reserves by investing in Bitcoin. Following reports of a...
The SEC has approved Bitwise to list its new ETF that holds both Bitcoin and Ethereum on NYSE Arca on an accelerated basis.It’s the SEC’s first crypto ETF approval under the leadership of Mark Uyeda, who is fast-tracking crypto initiatives at the agency after four years of anti-crypto policies by Gary Gensler. Investors who want...
Tether has launched USDT on Bitcoin’s Lightning Network, aiming to boost transaction speed and cut costs while reinforcing Bitcoin’s role in digital payments.Despite EU regulatory scrutiny and delistings, 80% of USDT trading volume comes from Asia, ensuring Tether’s market dominance remains largely unaffected. Tether has officially introduced its flagship stablecoin, USDT, on Bitcoin’s Lightning Network,...
JAKARTA - PT Dian Swastatika Sentosa Tbk (DSSA) posted net profit of USD 243.85 million in Q3 2024, down 34.41% year-on-year (yoy) from USD 371.79 million in Q3 2023. Based on Q3 2024 Financial Report published today (5/12), its revenue plummeted 45.22% yoy to USD 2.24 billion from USD 4.09 billion in Q3 2023. Its...
JAKARTA. Foreign net buy recorded yesterday (3/12) finally ended the consecutive foreign outflows since the first week of November. The foreign inflow reportedly reached IDR 2.08 trillion last Monday (2/11), equal to USD 130.42 million. It is the highest foreign net buy recorded since September 19, 2024. According to data compiled by IDNFinancials, PT GoTo...
JAKARTA. The Indonesian government will build a methanol factory with total investment worth IDR 19.08 trillion next year to cut down imports. This is conveyed by Bahlil Lahadalia, Minister of Energy and Mineral Resources, after a work meeting with Commission XII of DPR RI earlier this week. “The factory will be built. We will begin...
JAKARTA - Individual investors in PT Wintermar Offshore Marine Tbk (WINS) were actively adding shares on Monday, December 2. Manoj Pitamber Nanwani made the initial acquisition, acquiring an extra 1.22 million shares of WINS, for a total of 5.31% of the company. Johnson Williang Sutjipto then invested in 497,200 shares, followed by Sugiman Layanto with...
JAKARTA. Jakarta Stock Price Composite Index (IHSG) saw 1.49% climb, or 107.05 points higher, to 7,303.52, supported by nearly all sectors. Throughout the first session, IHSG registered its peak at 7,323.38 and the lowest at 7,187.48. Transaction volume was recorded at 113.69 million stock lots, valued at a total of IDR 5.64 trillion, and recording...
The British pound strengthened against other major currencies in the European session on Thursday, as investor sentiment boosted after the French President Emmanuel Macron seeks a way out of Frances political crisis. Prime Minister Michel Barnier is expected to resign later today after being ousted in a no-confidence vote over a budget dispute. That makes...
The Canadian market is likely to open on a somewhat subdued note Thursday morning. Bank stocks are likely to be in focus, with investors reacting to earnings updates from BMO and CIBC. Bank of Montreal (BMO.TO) reported a net income of $2,304 million for the fourth-quarter of fiscal 2024, compared with $1,710 million in the...