Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Indodax, Indonesia's largest crypto exchange, was hacked for $22 million, leading to service shutdowns and raising concerns about security in the crypto industry. (Read More)
The feature could be very useful, but privacy analysts have raised concerns over its reach.
NVIDIA's AI Workbench streamlines data science, ML, and AI projects across PCs, workstations, datacenters, and cloud environments. (Read More)
Coinfest Asia 2024 begins today in Bali, bringing together industry leaders for two days of discussions, workshops, and networking.
Styx Stealer steals data and can reroute crypto transactions coming from an infected computer to the bad actors wallet.
Aptos Connect allows users to log in with a Google ID without needing an MPC Network, Magic Links, or Windows passkey.
Learn how to run AMD ROCm software on Windows 11 with the latest updates. Follow our step-by-step guide to get started. (Read More)
Mercuryo integrates crypto on-ramp solutions in Indonesia, enabling users to convert their Indonesian rupiah into 40 digital tokens, including BTC, ETH and USDT.
Many crypto community members noted that blockchains decentralized nature allowed them to continue running despite widespread outages across the global economy.
Worldcoin faces mounting global backlash as Indonesia halts its digital ID rollout and Kenya orders the deletion of collected biometric data.
DigiAsia’s stock has surged by 90%, raising over $100 million for Bitcoin investments. This significant increase in share value highlights the growing interest in digital assets among investors worldwide. The surge in DigiAsia’s shares can be attributed to the increasing popularity of Bitcoin as a digital asset and an investment opportunity. With the recent rally [...]
Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after it revealed plans to put Bitcoin at the center of its future. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You ThinkAnalyst The company wants to raise $100 million to start building a BTC reserve, and it says half of its net profits will go toward buying more. The announcement got a lot of attentionmaybe too much, too fast. Stock Soars On Bitcoin Reserve Plan DigiAsias stock, which trades under the ticker FAAS on the Nasdaq, closed the day up more than 91% at 36 cents, Google Finance data shows. But the excitement didnt last long. After hours, the price dropped 20% to 28 cents. That sudden move shows how quickly investor mood can shift, especially when crypto is involved. Source: Google Finance The stock had been down around 50% this year before the announcement. It was trading close to $12 back in March 2024. Now, its nowhere near those highs. This latest surge looks like a shot of adrenaline, not a long-term fix. Bitcoin Reserve Plan And Profit Pledge DigiAsia isnt just talking about Bitcoinits making it part of its future profits. The companys board has already approved a plan to treat Bitcoin as a treasury reserve asset. That means its not just holding cash; it wants BTC in its back pocket. It also said it would put up to 50% of its net profits into acquiring Bitcoin. The company is currently looking to raise up to $100 million to get that plan moving. It might use tools like convertible notes or crypto finance products to do that. Management is also in talks with regulated partners to figure out how to earn yield on its holdings, possibly through lending or staking. Revenue Growing But Still Small Based on an April 1 financial update, DigiAsia brought in $101 million in revenue in 2024, a 36% jump from the year before. Its aiming for $125 million in 2025, with projected earnings before interest and taxes of $12 million. Thats solid growth, but the company is still small compared to others getting into Bitcoin. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight Some are questioning whether its ready to play in the same league as firms like Strategy or even GameStop, which raised $1.5 billion earlier this year. DigiAsias numbers show ambition, but also limits. Bitcoin Adoption Among Public Companies More and more companies are buying into Bitcoin, currently trading around $105,116, with a market cap close to $2 trillion, as a long-term strategy. MicroStrategy, now known as Strategy, holds over 576,000 BTCworth around $60.9 billion. Strive Asset Management also announced its shifting into a Bitcoin treasury approach. Featured image from Unsplash, chart from TradingView
NVIDIA introduces TensorRT for RTX, an optimized AI inference library for Windows 11, enhancing AI experiences across creativity, gaming, and productivity apps. (Read More)
Nvidia collaborates with Indonesia's government and Indosat to establish a $200 million AI center aimed at infrastructure development and AI skill enhancement. (Read More)
The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia.
To reshape the landscape of the cryptocurrency industry inIndonesia, the Financial Services Authority (OJK) has announced that cryptofirms will be subject to evaluation in a regulatory sandbox before they canobtain licenses to operate. This development comes as part of the transition ofregulatory oversight from the commodities and futures trading regulator,Bappebti, to OJK, scheduled to take place in January 2025.
New Measure to Enhance Crypto Sector Security
Under the new regulatory framework, firms offering cryptoservices in Indonesia will be required to undergo evaluation within theregulatory sandbox. Failure to comply with this prerequisite will result insuch firms being deemed to operate illegally within the country.
A regulatory sandbox functions as a controlled environmentwhere innovative financial products and services can be tested to ensure theirsafety and reliability. It provides a platform for trial runs, allowingregulators to assess the potential risks and benefits associated with newofferings, thereby enhancing security and responsible management within thefinancial sector.
Indonesian regulator @ojkindonesia says crypto products will have to be evaluated in a sandbox environment before being licensed once it takes over supervision in January 2025, @Shoennax reports.https://t.co/jGCLiLGAYT
CoinDesk (@CoinDesk) March 28, 2024Crypto Assets Set to Move from Commodities to Financial Instruments
The impending shift of regulatory supervision from Bappebtito OJK marks a significant transition for the crypto industry in Indonesia.Currently classified as commodities, crypto assets fall under the purview ofBappebti. However, with OJK taking over supervision, it is anticipated thatcrypto assets will be reclassified as financial instruments.
Indonesia's Financial Services Authority to Regulate Crypto Industry in 2025 with Evaluation in Regulatory SandboxIndonesia's Financial Services Authority (OJK) will take over regulation of the crypto industry from the commodities agency Bappebti. Crypto firms must undergo
DexBot (@dexbot) March 28, 2024"This aligns with our spirit at OJK, particularly inconsumer protection and education," Hasan Fawzi, the regulator's Head ofSupervision for financial technology, digital financial assets and crypto, saidat a media briefing. "We expect our regulatory mechanisms to directlyimpact the prevention of fraudulent investments."
This article was written by Tareq Sikder at www.financemagnates.com.The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia has reportedly requested that the Ministry of Finance evaluate the country’s policy on the taxation of cryptocurrencies. Members of Bappebti’s executive staff have reportedly asked for a review of the 0.11 percent income tax on cryptocurrency and the 0.1 percent value-added
October will see Bitcoin enthusiasts from around the globe flock to Bali to network and promote innovation.
Findora announced the launch of the Findora Triple Masking SDK, a universal privacy-preserving solution set for Web3. The Findora Triple Masking SDK will give developers a simple way to integrate zero-knowledge proofs into their decentralized applications. Users will also be able to conduct private transactions that remain auditable, with multiple options for what information can …
<p>The post Findora launches simple plug-and-play privacy-preserving Web3 solution first appeared on CCNC | Cryptocurrency Newscast.</p>
The new SDK helps developers to integrate zero-knowledge proofs into their decentralized applications.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
