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Bitcoin Indonesia Founder

[updated] Bitcoin.co.id Raises Funding From East Ventures, Is Targetting Sea Market

[updated] Bitcoin.co.id Raises Funding From East Ventures, Is Targetting Sea Market

[Updated] Bitcoin.co.id raises funding from East Ventures, is targetting SEA market Based in Bali, Bitcoin.co.id is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple Indonesian cryptocurrency startup Bitcoin.co.id today announced that it has raised an undisclosed funding from venture capital firm East Ventures. In a press statement, Bitcoin.co.id CEO Oscar Darmawan said that in addition to educating and focussing on the Indonesian market, the startup also plans to reach other markets in the Southeast Asian region. However, he would not disclose the companys destinations. All of our plans are basically still in the stealth mode. We have more than 600,000 members in Southeast Asia at the moment, and we have become the largest digital asset exchange in the region, he told e27. Prior to the current funding round, the CEO said that Bitcoin.co.id has taken some undisclosed rounds that were aimed more at strategic partnerships. The Bali-based startup is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple. Founded in May 2013 by Darmawan and William Sutanto, the platform started out as a news platform that covers digital assets in the Indonesian language. Starting in February 2014, recognising the existing challenge of selling and purchasing digital assets in the country, the co-founders then pivoted to become Indonesias earliest digital asset exchange. Also Read: How Bitcoin is doing in Indonesia, and its opportunities as an investment commodity In the same year, the countrys central bank Bank Indonesia announced the ban of Bitcoin and other cryptocurrencies as a payment method, though cryptocurrency exchanges are not affected by the ban. The central bank reaffirmed the ban in October, with Bank Indonesia G Continue reading >>

Soon There Will Be More Bitcoin Investors Than Stock Traders In Indonesia

Soon There Will Be More Bitcoin Investors Than Stock Traders In Indonesia

Soon There Will Be More Bitcoin Investors Than Stock Traders in Indonesia Despite repeated warnings from the central bank of Indonesia about the supposed risks of cryptocurrency trading, everyday people keep turning to bitcoin in this highly populated Asian country. In fact, soon there will be more traders on just one crypto platform than there are on the local stock exchanges established over a 100 years before it. Also Read: Coinbase Granted E-Money License by UKs Financial Conduct Authority The Indonesia Digital Asset Exchange (Indodax), founded in 2014 as Bitcoin.co.id, has 1,147,430 members already on board, according to its website. That is just a bit shy of the Indonesia Stock Exchange, which opened in 1912, with only about 1.18 million registered participants according to data from the Indonesia Central Securities Depository. In fact, as the Indodax is the biggest in the country, but not the only venue to trade cryptocurrency for rupiah, it is possible that there are already more bitcoin investors than stock traders in Indonesia. The Indodax is expected to have 1.5 million members by the end of the year, according to Chief Executive Officer Oscar Darmawan. We are seeing almost 3,000 new members signing up everyday. Most people are trading in bitcoins though transactions in ethereum has increased significantly of late. The cryptocurrency trading platform is targeting daily volume to double from an average 100 billion rupiah ($7.3 million) a day currently, Darmawan said . The countrys central bank, Bank Indonesia, has in the past repeatedly issued warnings to the public regarding what it sees as the dangers of cryptocurrencies, although it has not gone as far as forcing closure of exchanges. Its crackdown has caused Indonesian bitcoin payment processors to cease Continue reading >>

What Does Indonesia's Bitcoin Ban Mean For The Future Of The Cryptocurrency?

What Does Indonesia's Bitcoin Ban Mean For The Future Of The Cryptocurrency?

What Does Indonesia's Bitcoin Ban Mean For the Future of the Cryptocurrency? Photo credits: JasonParis and Zach Copley /Flickr CC License Bitcoin, the popular cryptocurrency, is the latest technology to face a ban in Indonesia after central bankers warned that it posed a threat to the stability of the national currency. The move, if enacted, would make Indonesia the second country in the region to ban Bitcoin after China announced plans to ban the currency in September. But how, exactly, do you ban an anonymous currency that lives as ones and zeros online? Bank Indonesia is starting with the transaction services. The central bank wants to ban any tech company, e-commerce site, or payment system that accepts Bitcoin as a valid payment in Indonesia. That means you can't use your Bitcoin wallet to buy a pizza or purchase airline tickets in Indonesia. The concern here is that Bitcoin could be used for money laundering or terrorism, according to central bank officials. They were also concerned that Bitcoin could destabilize the Rupiahone of the most-volatile currencies in Southeast Asia. We will ban financial technology, e-commerce, and payment system services company that use and process virtual currency," Agus Martowardojo, the director of Bank Indonesia, told the industry news site Tech in Asia . "We will also encourage companies not to work with any parties facilitating virtual currency transactions." But Bitcoin is more than a way to buy things in the real world. It's also an investment for traders and miners who don't mind the risk. The price of a single Bitcoin hit $11,000 USD last week , an insane level of growth considering that the cryptocurrency was worth a single US dollar when it was launched in 2010. So will Indonesia's nascent Bitcoin scene continue mining an Continue reading >>

Waves Integrated With Indonesian Exchange Bitcoin.co.id

Waves Integrated With Indonesian Exchange Bitcoin.co.id

WAVES integrated with Indonesian exchange Bitcoin.co.id More than $500,000 in WAVES volume was traded within the first hour of listing. Bitcoin.co.id , South East Asias largest digital asset exchange, has integrated WAVES and opened trading. WAVES is now listed against IDR, the Indonesian Rupiah. The exchange has done brisk business in early trading, with the equivalent of over $300,000 in WAVES changing hands in the first 15 minutes. This increase in volumes and interest is likely behind the 5% bump in price against the USD that WAVES has enjoyed today, against the backdrop of a fall in the price of bitcoin. Bitcoin.co.id opened in 2013 as an education project, seeking to build a community around bitcoin and cryptocurrencies. It later began to offer brokerage services before launching a full exchange in 2014. Within a year the site had attracted over 50,000 users and saw average daily trading volumes of 500 million IDR. Today, the site has consolidated its position as the largest crypto exchange in the region, with daily volumes of over $3 million half of which is altcoin trading. Bitcoin.co.id is another great addition to the Waves ecosystem. Any new exchange offers additional liquidity to traders and, more importantly, brings new exposure for the platform, comments Alexander Ivanov, CEO and founder of Waves. Cryptocurrency is a global phenomenon and we want a vibrant global community, with businesses in every continent. Indonesia is a very strategic location for further adoption and were looking forward to seeing more applications and use cases being built in this region. Join Waves News channel: Join Waves Twitter: Continue reading >>

We Are Hosting Oscar Darmawan, The Ceo Of Bitcoin.co.id

We Are Hosting Oscar Darmawan, The Ceo Of Bitcoin.co.id

We are hosting Oscar Darmawan, the CEO of Bitcoin.co.id THIS IS A PAID EVENT - PURCHASE YOUR TICKET HERE ( ) We are hosting Oscar Darmawan, the CEO of Bitcoin.co.id Oscar Darmawan is the CEO and Founder of ( ) where he acts as a decision maker, leader, manager and executor. Currently, ( ) has become the leader of Bitcoin Exchanger in Indonesia with over 900 thousand members. Not only that, Oscar has managed to successfully launch an ICO in Indonesia which helps to bring more funding to Indonesian startups. Previously, Oscar was the Managing Director of PT Bumi Intermedia, a digital marketing company which serves multinational companies such as Indonesia, Singapore, Malaysia, United Kingdom and USA. Oscar graduated from Monash University with BA in IT in 2006. Oscar Darmawan - Bitcoin.co.id (CEO and Founder) Frans Yuwono is the CEO & founder of Asia Commerce Network, a Global Sourcing & Importing Solution that helps Business to import Goods from China & South East Asia. He also started Matahari Labs in 2010, a Startup Tech Generator in Indonesia focusing on Social Media, E-Commerce, and Online Branding, and also Co-founded Malang Digital Core - the first co-working space and incubator for startups in Malang, Indonesia. Twitter: @fransing ( ) Believing that one of actions for the growth of Indonesian economy is to cultivate entrepreneurs and startups or UKM in Indonesian, Inne Ongkodjojo dedicate her spare time to help and promote programmes for entrepreneurs in Indonesia. Joining the Startup Grind Jakarta's team is one of the activities that she pursues. Google is committed to empowering entrepreneurs around the world through programs, partnerships, and our products. Building on the success of BLOCK71 in Singapore, NUS Enterprise has collaborated with local and overseas Continue reading >>

Bitcoin Haven Bali Considers Cryptocurrency Crackdown | Fortune

Bitcoin Haven Bali Considers Cryptocurrency Crackdown | Fortune

Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asias biggest economy over the risks posed by virtual currencies, an official said. The probe started after the central bank on Dec. 7, 2017 issued a regulation banning the use of cryptocurrencies in payment systems, said Causa Iman Karana, head of Bank Indonesias representative office in Bali. We found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions, said Karana. Central bank officials and police went undercover at the end of 2017 to investigate scores of businesses in Bali advertising online that they offered bitcoin payment services, said Karana. The team found two cafes still using bitcoin as a means of payment, but 44 businesses including car rental outlets, hotels, travel companies and jewelry stores, previously offering the service, had now stopped, he said. One of the cafes used bitcoin only for transactions of more than 243,000 rupiah, or about 0.001 bitcoin. A single transaction took about 1 1/2 hours to be processed and included a fee of 123,000 rupiah so this had discouraged its wider use for payments, said Karana. The official declined to name the businesses because he was still waiting for further instructions from Bank Indonesia in Jakarta. The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation unit, we will enforce the rule that all transactions in Indonesia must use rupiah. Some locals in Bali said bitcoin was being used mainly by foreigners on the island, which is Indonesias tourism hub and has a large expatriate community. Bank Indonesia has called ownership of vi Continue reading >>

See We Are Hosting Oscar Darmawan, The Ceo Of Bitcoin.co.id At Startup Grind Jakarta

See We Are Hosting Oscar Darmawan, The Ceo Of Bitcoin.co.id At Startup Grind Jakarta

Startup Grind is a global startup community designed to educate, inspire, and connect entrepreneurs. It is powered by Google for Entrepreneurs. We host monthly events in 250cities and 100countries featuring successful local founders, innovators, educators and investors who share personal stories and lessons learned on the road to building great companies. Startup Grind is a connected online and offline network of vibrant startup communities to help fuel innovation, economic growth and prosperity at the local level. While Startup Grind was founded in Palo Alto, California, our extended network of Startup Grind chapters are located around the world. Start a Chapter in your city or school! We believe in making friends, not contacts. We believe in giving, not taking. We believe in helping others before helping yourself. We are truly passionate about helping founders, entrepreneurs and startups succeed. We intend to make their startup journey less lonely, more connected and more memorable. Continue reading >>

Ceo Bitcoin Indonesia: Ada Yang Goreng Biar Harga Anjlok

Ceo Bitcoin Indonesia: Ada Yang Goreng Biar Harga Anjlok

CEO Bitcoin Indonesia: Ada yang Goreng Biar Harga Anjlok Jakarta - Nilai mata uang virtual, Bitcoin anjlok. Sebabnya disinyalir lantaran adanya kabar salah satu bursa Bitcoin terbesar di China akan ditutup. Di New York, si cryptocurrency itu diperdagangkan turun 13% ke level US$ 3.385,15. Sedangkan di bursa Bitcoin Indonesia saat ini, harga 1 kepingnya sebesar Rp 43,19 juta. Padahal beberapa waktu lalu sempat menyentuh level Rp 60 jutaan. CEO Bitcoin Indonesia, Oscar Darmawan, memandang anjloknya harga Bitcoin bukan disebabkan oleh tutupnya salah satu bursa China yang bernama BTC itu. Menurutnya ada pihak yang sengaja menggoreng pemberitaan dengan tujuan menjatuhkan harga. "Namanya pasar, demand dan supply, banyak orang yang gembar gembor berita supaya setelah naik dijatuhkan harganya. Ini ada yang berusaha goreng pemberitaannya," tuturnya kepada detikFinance, Jumat (15/9/2017). Baca juga: Pasarnya di China Tutup, Harga Bitcoin Anjlok 13% Ada beberapa alasan dari pandangan Oscar tersebut. Pertama, BTC bukanlah satu-satunya bursa Bitcoin di China, masih ada OKCoin dan Houbi. Lalu China saat ini tidak lagi menjadi pusat transaksi Bitcoin terbesar di dunia. Saat ini Jepang dan Korea Selatan jauh lebih besar. "Di China cuma 20-30% dari transaksi Bitcoin di seluruh dunia. Jadi bukan terbesar lagi, Jepang 2 kalinya dari China. Karena sudah legal 100% sudah diatur oleh OJK-nya Jepang. Korsel juga besar banget," terangnya. Selain itu menurut informasi yang didapatnya, pemerintah China bukan mau menutup Bitcoin secara total di negara. Mereka hanya ingin membuat aturan yang jelas terkait Bitcoin. Buktinya dua bursa Bitcoin lainnya di China masih beroperasi. "Sebenarnya dari Pemerintah China bahwa transaksi Bitcoin tidak dilarang. Ada pernyataan bahwa akan ada pengaturan exchange Continue reading >>

Meet The Richest Bitcoin And Crypto-billionaires Who Are Worth More Than $17 Billion Combined

Meet The Richest Bitcoin And Crypto-billionaires Who Are Worth More Than $17 Billion Combined

* Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy . Meet the richest bitcoin and crypto-billionaires who are worth more than $17 billion combined Bitcoin billionaires Cameron and Tyler Winklevoss are the 4th richest in the world of cryptocurrency. Forbes released its first-ever list of the richest billionaires in bitcoin and cryptocurrency on Wednesday. The majority of the list are the founders and CEOs of the biggest companies in blockchain technology. The people on the list are worth more than $17 billion and as much as $24 billion, though that number fluctuates daily with price swings in the crypto market. The life of a bitcoin and crypto-billionaire is stressful. After seeing unprecedented gains over the last year, driving bitcoin, ethereum, and Ripple's XRP token up 1,300%, 8,000%, and 32,000% respectively, the last few weeks have seen a coming back down to earth. As of Friday afternoon, bitcoin was down 28% since late January . On Monday, bitcoin hit $7,000, 64% down from its all-time high of nearly $20,000 in late December. The total value of all digital currencies has dropped 61% from its January 7 peak at $826 billion to $320 billion as of Tuesday. But don't tell that to the crypto-billionaires. While stories abound of regular people making fortunes in crypto, the world's richest crypto and bitcoin-billionaires are primarily the people making the pans and shovels in the digital gold rush. On Wednesday, Forbes Magazine released its first-ever list of the richest people in cryptocurrency, a similar list to its Forbes 400 annual list, which dates back to 1982. The numbers are estimates based on the price of cryptocurrencies as of January 19. In his lett Continue reading >>

Litecoin Founder Sells Out - Phoenix Bitcoin Miner Download, Bitcoin Pool Test, Bitcoin Fee Data

Litecoin Founder Sells Out - Phoenix Bitcoin Miner Download, Bitcoin Pool Test, Bitcoin Fee Data

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Bitcoin And The New World Currencies

Bitcoin And The New World Currencies

Home Business/Property Bitcoin and The New World Currencies Karen Davis Mar 05, 2018 Business/Property Comments Off on Bitcoin and The New World Currencies In 1988 the Rothschild-owned financial publication Economist ran with the cover Get Ready for a New World Currency In 2018. We are on the pinnacle of a major shift to a global economy which will eliminate hard cash and may change our financial world as we know it. Cryptocurrencies are a disruptive economic innovation that have the potential to revolutionise the current economic structure and change how banks and economic institutions operate. Bitcoin is the most popular form of cryptocurrency which enables digital transactions between two parties without the need of an intermediary institution. Every transaction is digitally recorded in blocks which act like ledgers. Once a block is filled a new block is created. All blocks are connected to each other using hashtags and a linear, chronological sequence of these blocks forms a blockchain. Every transaction is digitally recorded to keep security at a high level while keeping all transactions anonymous. The information of the parties involved in the exchange is not revealed. The money can only be traced when it is converted into cash. This public way of managing transactions with no institutional or government intermediaries has created the possibility of a huge financial revolution. The economic powers which lie with the governments and financial institutions are at stake which has made them wary of cryptocurrencies. The Indonesian Central Bank on December 7, 2017 issued a regulation banning the use of digital currencies in payment systems. The Indonesian authorities are investigating the use of Bitcoin within the holiday island of Bali, amid warnings by the central b Continue reading >>

Indonesian Cryptocurrency Startup Bitcoin.co.id Rebrands, Will Now Be Known As Indodax

Indonesian Cryptocurrency Startup Bitcoin.co.id Rebrands, Will Now Be Known As Indodax

Indonesian cryptocurrency startup Bitcoin.co.id rebrands, will now be known as INDODAX Indonesian cryptocurrency startup Bitcoin.co.id rebrands to INDODAX Started out as a news platform, Bitcoin.co.id is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple Indonesian cryptocurrency startup Bitcoin.co.id announced that it has rebrand itself to Indonesia Digital Asset Exchange (INDODAX) starting from March 14. In a press statement, CEO Oscar Darmawan explained that the rebranding was meant to provide greater service and support for various digital assets, in addition to Bitcoin. He also explained that until March 26 the Bitcoin.co.id website will continue to be accessible until they migrate into a new address indodax.com. The platforms customer support email and some social media handles will also continue to carry the Bitcoi.co.id brand, excpet for its Twitter and Youtube account. Also Read: Todays tech news, Feb 09: Indonesian bitcoin PoS firm Pundi X eyes India entry The Dompet Bitcoin mobile app and Bitcoin.co.id Trading Platform will run normally. We will notice you if there is any change, Darmawan said. For developers who use API access, it still can be used as usual, but we suggest to move API Endpoint to the new domain after March 26, 2018, he added. Founded in May 2013 by Darmawan and William Sutanto, INDODAX started out as a news platform that covers digital assets in the Indonesian language. Starting in February 2014, recognising the existing challenge of selling and purchasing digital assets in the country, the co-founders then pivoted to become Indonesias earliest digital asset exchange. The Bali-based startup is now a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple. In November 2017, the s Continue reading >>

New Exchange Service Bitcoin.co.id Launches In Indonesia

New Exchange Service Bitcoin.co.id Launches In Indonesia

New Exchange Service Bitcoin.co.id Launches in Indonesia Dec 22, 2013 at 11:30 UTC|UpdatedDec 23, 2013 at 05:29 UTC News has emerged that a bitcoin exchange service has opened in Indonesia, the world's fourth-largest country by population - but one that hasn't appeared much on the bitcoin radar so far. Bitcoin.co.id joins other Indonesian bitcoin services such as artaBit and tuker.in . However, according to user reports from Indonesia, these sites are still in development and not fully functional, open exchanges - users may buy and sell bitcoins, but exchange prices are fixed by the sites. Tuker.in also accepts litecoin. Local resident Ericson Pasaribu, who said he has used all three services without issue, said the 'exchanges' at this point worked more like money changers. They exchanged local currency (Rp, or Indonesian rupiah) for bitcoins but at a rate pegged to those of exchanges like Mt. Gox and Bitstamp, with an added premium. Bitcoin.co.id promised to buy bitcoins at Rp 7,139,000 ($584.90) each or to sell them for Rp8,166,700 ($669). Alongside these web-based services, LocalBitcoins is a popular choice among Indonesian bitcoin enthusiasts. Pasaribu noted that such services were a necessary stepping stone to promote bitcoin's use and increase the number of coins in circulation. Larger international exchanges like Mt. Gox were difficult to access from Indonesia, with new accounts taking months to verify, if at all. There is a slight lag on bitcoin.co.id's processing time: within an hour during business hours Monday to Friday, but up to 12 hours outside that. This is apparently aprecaution against overloading, since bitcoin supply is limited in Indonesia. Bitcoin.co.id founder and CEO Oscar Darmawan said bitcoin trade was still only about 5 BTC per day, but that t Continue reading >>

Oscar Darmawan | Facebook

Oscar Darmawan | Facebook

Bachelor in Information Technology and System You may call me "Oscar" or "Osukaru" , any of them is fine for me. I am just simple man who wants to have simple life. Currently everything become out of my control. Now it's unpredictable where I will going to.. It doesn't matter. We all die eventually of old age or diease. Isn't it better to go out with a bang and die with meaning and purpose ? Sometimes for the greater good, we may need to do big sacrifice. My life is a game, and I need to be the top player Those who truly understand their faiths understand the stories are metaphorical If you don't do anything, you will end up doing less than nothing. A pessimist is one who makes difficulties of his opportunities; an optimist is one who makes opportunities of his difficulties. Dont look for INSPIRATION, start working and INSPIRATION will come to you. Logic is one important thing. But your heart also play major thing. Trust your brain and heart and you will be fine. No matter what anyone says,U can defeat one million foes if U are on the right path. U must stick to ur belief no matter what people saying Everyday is new blank page of ur book of life.In every second there are ink drop to the page.Either U want it or not,it still will be filled Continue reading >>

5 Popular Bitcoin Startups In Indonesia

5 Popular Bitcoin Startups In Indonesia

Yesterday, Tech in Asia ran a story about how to purchase and use Bitcoin in Asia. At the beginning of last year, the Bank of Indonesia publicly stated that bitcoin is not a legal form of payment within the archipelago. However, as its extremely difficult to regulate the sale and use of digital currencies like bitcoin, transactions using the currency in Indonesia remain high. Oscar Darmawan, CEO of Bitcoin Indonesia ,claims that each day there are between US$30,000 to US$50,000 worth of bitcoin transactions in the country. While there are many ways to have a conversation about Bitcoins benefits and drawbacks in Indonesia, in terms of tech startup participation, Bitcoin seems to be heating up. It has also proven to be a convenient way to pay and get paid for digital services. As a result, some companies are focusing explicitly on the cryptocurrency market in the archipelago. Tech in Asia has decided its time to round up these guys, so, in no particular order, here are five of the most well-known Bitcoin startups in Indonesia. This site can be regarded as one of the pioneers for Bitcoin in Indonesia, as the company has been around for more than two years already. Essentially, ArtaBit is a digital payment system that uses Bitcoin. So if your startup is an ecommerce website, you can integrate ArtaBit services to support bitcoin payments. In addition, the site also lets you purchase bitcoins with Indonesian rupiah. ArtaBit founder Ayoub Naciri expects Bitcoin will take off in emerging markets like Indonesia as more than 80 percent of the population still lacks a bank account. Bitcoin.co.id (aka Bitcoin Indonesia) launched around the same time as ArtaBit. However, unlike its competitor which acts as a payment system, Bitcoin.co.id is a trading center only. On the sites homep Continue reading >>

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