Indonesia Archives -
Boeing Co. stock dived more than 7% on Monday morning after one of its workhorse 737s crashed in Ethiopia over the weekend, killing all 157 people aboard. China, Indonesia and Ethiopia have grounded the Max 8, and airlines in other countries have signaled they may follow suit.
The fallout from…
Rescuers have brought an excavator to the remote Indonesian gold mine that collapsed earlier this week, trapping dozens, hoping to speed up rescue efforts despite the risk of triggering landslides.
In this edition of The Daily, we cover the addition of bitcoin cash (BCH) trading support to a fiat-to-cryptocurrency platform, an expansion of educational services by Binance in Indonesia, and Ebang’s plan to sell 400,000 new mining rigs in 2019.
Bitcoin Cash (BCH) Added on C2C Market
Okex, the Malta-based digital asset exchange, has announced the listing of ripple (XRP) and bitcoin cash (BCH) on its C2C market (also known as the fiat-to-cryptocurrency platform). Users can now buy or sell the two newly listed cryptos with five supported fiat currencies – British pound (GBP), Chinese renminbi (CNY), Vietnamese dong (VND), Russian ruble (RUB) and Thai baht (THB).
At the same time, the exchange also announced that QTUM, NEO, and XUC will be delisted from the C2C trading platform from Feb. 25. Users can still trade bitcoin core (BTC), tether (USDT), ethereum (ETH), and litecoin (LTC) with the supported fiat currencies. With the C2C (customer-to-customer) trading model, users can place orders with self-selected exchange rate and payment methods to buy or sell assets from other users with fiat currencies.
Binance Academy Expands in Indonesia
Popular cryptocurrency exchange Binance announced it has officially launched an Indonesian version of its educational platform, Binance Academy. With this expansion in the giant Southeast Asian country, more than 80 articles on cryptocurrency and related subjects have already been translated to Indonesia’s national language, Bahasa. The educational resource portal hosts a total of over 700 articles, videos and other media.
“Binance Academy’s expansion to offer Indonesian content reaffirms Binance’s strong commitment to advancing crypto education through quality, unbiased knowledge sharing that is freely accessible to all,” said Ted Lin, Binance’s Chief Growth Officer. “Indonesia is a key emerging market globally with more than 260 million people. The potential for cryptocurrency adoption and appetite for blockchain related knowledge is burgeoning, with the number cryptocurrency holders estimated to already be rivaling that of stockholders locally. Binance remains committed to driving crypto adoption, accessibility, and financial inclusivity for everyone around the world.”
Ebang Plans to Sell 400,000 Mining Rigs in 2019
Ebang, the Chinese cryptocurrency mining hardware manufacturer, is set to produce at least 400,000 mining rigs in 2019 according to reports from the country. The company sold about 159,000 mining rigs in 2017, and over 309,000 machines in the first six months of 2018, so the new expected 2019 figure appears to be high but not overly ambitious, especially if the market continues to recover.
According to the company’s Hong Kong stock exchange listing documents, Ebang posted 2.14 billion yuan ($ 310 million) of revenue in the six months to June 2018, up 4,600 percent from a year earlier. Net profit increased 16-fold to 931.72 million yuan ($ 135 million) but profits fell sharply during the third quarter of 2018.
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Indonesia air disaster raises new questions about how far aircraft makers should push cockpit automationFebruary 4, 2019 | dailybusinessnews
When an altitude sensor failed on a Turkish Airlines Boeing 737 flight to Amsterdam in 2009, the jetliner’s computerized flight controls erroneously cut the engine thrust. The pilots didn’t understand what happened in time to prevent a crash.
The accident had striking similarities to the recent…
Panicked residents, police, and soldiers in the remote fishing village of Sumur, Indonesia, clobbered by a devastating weekend tsunami ran to higher ground Tuesday, shouting “Water is coming! Water is coming!” and reciting verses from the Quran as emergency messages were broadcast over mosque speakers. It proved to be a…
A tsunami that struck Indonesian coastlines without warning Saturday night killed at least 222 people and left hundreds of others injured or missing, officials said.
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A tsunami that hit Pandeglang, Serang and South Lampung, Indonesia, Saturday night, killed at least 43 people and injured at least 582, Sutopo Purwo Nugroho, head of public relations at Indonesia’s National Disaster Mitigation Agency, said on television.
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Indonesia Lion Air pilots fought to control aircraft before crash; investigators say plane not ‘airworthy’November 28, 2018 | dailybusinessnews
As a Lion Air jet rocketed into the sky after taking off from Indonesia’s capital city last month, it’s pilots fought to maintain control as an automatic safety system repeatedly forced the aircraft’s nose down, investigators said Wednesday, adding that the plane should not have been in service.
In just the latest reminder of the dangers of pollution in our oceans, a dead whale in Indonesia has been found with 13.2 pounds (six kilograms) of plastic waste in its stomach.
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