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Central bank of Indonesia investigates use of bitcoin in Bali

Central bank of Indonesia investigates use of bitcoin in Bali

Bitcoin is illegal in Indoneisa. Bank Indonesia (BI) is investigating alleged bitcoin transactions made in Bali after it found indication of the activity on social media. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

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Indonesia stock exchange were collapsed literally…

Indonesia stock exchange were collapsed literally…

A total of 72 people became victims of the collapsed balcony of the 1st floor of Indonesia Stock Exchange Building (BEI), Kebayoran Baru, South Jakarta. Most of them are university students in Palembang who are visiting. Head of Public Relations of Polda Metro Jaya Kombes Raden Prabowo Argo Yuwono said that the incident happened at around 11:55 pm.

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Batam will hosts Gama Corporation biofuel plant in Kabil Industrial Estate

Batam will hosts Gama Corporation biofuel plant in Kabil Industrial Estate

Batam-City island industrial scene will rise again from the ashes. Business giant Gama Corporation (Gama Corp) plans to build a biofuel plant in Kabil Industrial Estate, northeast shore of Batam. Through its subsidiary PT Energi Unggul Persada, Gama Corp will invest about Rp 1 trillion as a form of seriousness to build agro-based palm oil industry. Batam is still attractive for industry despite of Batam Investment Agency (BP) effort to pivoting into tourism sector.

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