JAKARTA. PT United Tractors Tbk (UNTR) has completed the acquisition of 257,449 shares of Supreme Energi Rantau Dedap (SERD), a geothermal power generation company, at a price of US$80.58 million or IDR 1.25 trillion. This price is slightly lower than the initial agreement, namely US$80.69 million or IDR 1.25 trillion. The adjustment of the total...
Bitcoin’s soon-to-launch “Runes” token standard will allow the premiere crypto network to catch up to rivals in the realm of DeFi, predicted asset manager Franklin Templeton in a Monday report. The Promise Of Runes The firm released a fact sheet expanding on the upcoming technology over Twitter, which is set to go live at the...
Bitcoin halvings are a significant event in the world of cryptocurrencies. A halving occurs approximately every four years and has a direct impact on the issuance rate of new Bitcoins. Here’s how it works: The halving mechanism: Bitcoin’s block reward halves every 210,000 blocks (roughly every four years). Initially, miners received 50 Bitcoins per block,...
Revolut is preparing to launch its own stablecoin, positioning itself to compete with major players in the space, as revealed by a Coindesk report on September 18. 🚨 JUST IN: Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin. pic. .com/8pV48BpRyM — Satoshi Club (@esatoshiclub) September 18, 2024 The London-based...
Riot Platforms acquired Block Mining on July 24 for $92.5 million, greatly expanding its operational capacity and geographical footprint. According to a recent press release by Riot Platforms, the purchase was funded with $18.5 million in cash and $74 million in common stock. Block Mining can earn up to $32.5 million by 2025, contingent on...
US spot Bitcoin exchange-traded funds (ETFs) have experienced a resurgence of fresh capital, reversing a streak of consecutive net outflows over the past week. According to data from Farside Investors, the ten approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, with BlackRock’s and Fidelity’s funds leading the way. Fidelity’s...
German stocks traded higher on Wednesday as investors eagerly awaited earnings from market darling Nvidia, which could affect shares of artificial intelligence and other prominent technology stocks. Investors also awaited the release of the Federal Reserves preferred inflation gauge later this week for signals on U.S. interest-rate reductions. The benchmark DAX was up 89 points,...
European stocks bounced back on Monday, after having suffered steep losses in the previous session following a global IT outage linked to issues at cybersecurity firm CrowdStrike. The dollar slid while Treasuries rose as investors weighed the implications of U.S. President Joe Biden\'s exit from the presidential election race. Amid growing calls within his Democratic...
Investment management firm VanEck is planning to list its first spot bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) on Thursday. This latest milestone will represent a significant step forward for both the Australian financial industry and the broader acceptance of digital currencies in mainstream investment portfolios. The ETF, introduced by VanEck, allows...
The North Korean Lazarus Group laundered $200 million worth of crypto into fiat currency between August 2020 and October 2023, according to an April 29 investigative report by crypto sleuth ZachXBT. The investigation examined over 25 exploits across various blockchains and traced illicitly gained funds through mixers, peer-to-peer marketplaces, and centralized exchanges to show how...