Indonesian YouTuber, Bro Omen, who has around 1.5 million subscribers, had to sell his YouTube account due to losses from crypto fraud. Not only that, Bro Omen also admitted that he had mortgaged his house for IDR 5 billion for crypto investment capital. In total, Omen spent up to IDR 10 billion in capital in […]
The former boss of crypto company Terra Labs, Do Kwon, admitted to falsifying trading volumes, according to court documents from the US Securities and Exchange Commission (SEC). An SEC filing on Sept. 22 shows a text message exchange between Do Kwon and Daniel Chin, the founder of payment app Chai, in which Do Kwon told […]
Rich Dad Poor Dad author Robert Kiyosaki has warned of the risk of the United States (US) central bank or the Federal Reserve (the Fed) launching a central bank digital currency (CBDC). In a post on platform X, formerly known as Twitter, Robert Kiyosaki said that the Fed’s central bank digital money is coming. When […]
Rich Dad Poor Dad author Robert Kiyosaki has urged all investors to buy gold, silver and bitcoin before the stock, bond and real estate markets crash and people rush to buy all three assets. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York […]
There were around twelve major security hacking incidents that occurred in a week which caused crypto losses of around USD 6.4 million or the equivalent of IDR 98.2 billion (assuming an exchange rate of IDR 15,357 per US dollar). Reporting from Coinmarketcap, Tuesday (26/9/2023), according to web3 security company CertiK, this loss was caused by […]
Crypto Transactions in Indonesia Touch IDR 86.45 Trillion, Here’s the Response from Industry Players
The crypto market appears to be slowing globally, but in Indonesia it is experiencing interesting growth in the value of digital asset trading transactions. Data from the Ministry of Trade shows that in August 2023, the value of crypto asset transactions increased by 13.5 percent compared to the previous month, reaching a total of IDR […]
The crypto and Bitcoin markets continue to decline after the decision of the Federal Reserve (the Fed) or the United States central bank to hold the rate of increase in interest rates in the range of 5.25 to 5.5 percent. However, not only that, there are several other factors that keep Bitcoin prices under pressure. […]
Binance Founder and CEO Changpeng Zhao via X addressed some of the speculation regarding recent management changes at Binance’s United States branch. His tweet on X follows news that Miami-based Binance US chief executive Brian Shroder will step down. “Brian Shroder is taking a well-deserved break after achieving what he set out to do when […]
Previously, Binance CEO Changpeng Zhao said Singapore had become more careful about cryptocurrency regulations after the collapse of FTX, but the country was still crypto-friendly. Reporting from Coinmarketcap, Monday (18/9/2023), Zhao pointed out that Hong Kong crypto regulations implemented in the middle of the year only allowed a limited number of tokens to be traded […]
Cryptocurrency is proving to be a real hedge against economic turmoil in many countries facing severe financial crises. Several nations, especially in Africa, including Nigeria, have witnessed a surge in the use of cryptocurrencies, particularly Bitcoin, as a smart way to safeguard their wealth. Data from Chainalysis reveals that Nigeria, one of Africa’s largest economies, […]