The Chinese economy still faces the risk of slipping into a deflationary trap, Capital Economics economist Gabriel Ng said. Data released by the National Bureau of Statistics on Saturday showed that consumer price inflation softened to 0.3 percent in October from 0.4 percent in September. Moreover, this was the weakest in four months. Meanwhile, core...
Tether reports 109M wallets holding USDT, outpacing Bitcoin and nearing Ethereum adoption in the blockchain ecosystem.Tether introduces MiCA-compliant EURQ and USDQ tokens while unveiling Hadron for asset tokenization across financial markets. Tether’s recent report highlights its expanding dominance in the cryptocurrency industry, with over 109 million on-chain wallets now holding USDT. This number is fast...
Core partners with BitGo to enable secure, scalable Bitcoin staking for institutional clients through Dual Staking technology.The collaboration establishes a milestone in Bitcoin DeFi by combining Core’s innovative staking model with BitGo’s custody services. The Core Foundation, the organization behind Core, the largest Bitcoin DeFi ecosystem, has announced a partnership with BitGo. For Bitcoin DeFi...
According to the latest report, Florida could allocate a portion of its $185.7B pension funds or a part of its $116.5B budget surplus to Bitcoin.It is reported that this could be witnessed in the first quarter of 2025 (Q1 2025), especially since the speaker and the president of the Senate favor the asset class. The...
Cardano’s Charles Hoskinson has hinted at the potential establishment of a policy office to extensively deliberate the industry’s journey in the last three years for relevant regulations. According to him, authorities should work on the existing lawsuits against crypto companies and push for international harmonization. Cardano co-founder Charles Hoskinson has, in an extensive interview, highlighted the...
Eric Trump and billionaire Steve Witkoff, co-founders of World Liberty Financial, will speak at the Bitcoin MENA conference in Abu Dhabi, attracting over 6,000 attendees.Elon Musk’s $250 million investment in Trump’s 2024 campaign highlights the growing intersection between crypto, tech, and politics, with figures like Paul Manafort and Changpeng Zhao attending. President-elect Donald Trump’s closest...
Jasnita Telekomindo Tbk (JAST) managed to bring in net profit of IDR 218.7 million in the first nine months (9M) of 2024, turning the tide from the loss it faced in 9M 2023 of IDR 3.2 billion. The performance was supported by its revenue that reached IDR 67.8 billion. JAST’s revenue in 9M 2024 was...
Solusi Sinergi Digital Tbk (WIFI), a digital company debuted in Indonesia Stock Exchange (IDX) in 2020, announced net profit of IDR 152.07 billion recorded within the first nine months (9M) of 2024. The profit increased 3.4 times higher compared to the net profit seen in the same period last year, in which WIFI booked net...
JAKARTA – PT Semen Indonesia (Persero) Tbk (SMGR) reported a downturn in Q3 2024 compared to the same period last year. Its revenue and net profit both slipped 4.93% and 58% year-on-year (yoy). Based on Q3 2024 Financial Report quoted Friday (1/11), SMGR’s revenue reached IDR 26.29 trillion, slipping from IDR 27.66 trillion seen at...
JAKARTA. PT Trisula Textile Industries Tbk (BELL), an issuer providing fabric and apparel, posted a net profit of IDR 12.82 billion in the first nine months (9M) of 2024. This gain increased 5% year-on-year (yoy) or compared to the same period last year, where the company only posted a net profit of IDR 12.16 billion....