Search Results for: Bitcoin prices
- Thailand News
Ethereum ETFs approved, crypto prices to surge this year
Cryptocurrencies are having a golden year, with the US Securities and Exchange Commission (SEC) recently approving eight funds set to launch spot Ethereum exchange-traded funds (ETFs). Analysts predict the bull run will persist into the second half of the year, driven by strong interest from institutional investors. The SEC’s approval on May 23 for rule changes allowing ETFs to buy…
- Business News
Bitcoin declines amid speculations of crypto market peak
Bitcoin’s value is slowly declining, marking a significant shift in the digital asset market worth over US$500 billion (18.5 trillion baht). This has led to speculation about the possible peak of the cryptocurrency rebound. The token is on the brink of a five-day losing streak, which hasn’t been seen since October of the previous year. The overall crypto market has…
- Business News
Bitcoin ETFs close with largest discounts due to crypto plunge
The largest spot-Bitcoin exchange-traded funds (ETFs) closed today with significant discounts to their underlying asset values, the biggest since their inception. This disparity emerged when the cryptocurrency plunged to its lowest in two months, consequently affecting the ETFs’ Bitcoin value tracking. The iShares Bitcoin Trust, a US$16 billion fund, closed approximately 1.7% below its net asset value. Other funds like…
- Business News
Bitcoin rebounds amid Middle East military escalation uncertainty
Bitcoin, the largest cryptocurrency, recently bounced back from its steepest drop in over a year, marking the beginning of potential volatility across asset markets as investors grapple with the looming prospect of a military escalation in the Middle East. Bitcoin yesterday rose by a maximum of 5.9% and was traded at around US$64,600 as of 11.40am in London. Smaller cryptocurrencies…
- Business News
Rising crypto prices invite hackers, Thai Digital Asset Association warns
The Thai Digital Asset Association (TDAA) warned of an increased threat from hackers targeting cryptocurrencies, as soaring prices are attracting both investors and fraudsters to the market. The alarm comes after digital assets in Thailand suffered a staggering US$24.2 billion loss to hackers in the previous year. Suppakrit Boonsat, a founder of Bitcast, a digital asset education firm, and the…
- Business News
Thai SEC approves private funds to invest in Bitcoin ETFs
Asset management firms have been granted permission by the Securities and Exchange Commission (SEC) to initiate private funds that invest in Bitcoin Exchange-Traded Funds (ETFs). However, this investment opportunity is only accessible to institutional investors and ultra-high-net-worth investors. The SEC board gave its nod to asset management firms managing private funds that invest in Bitcoin ETFs listed on US exchanges…
- Business News
Bitcoin hits new high in baht on Bitkub amid global surge
Bitcoin‘s price achieved an unprecedented high of 2.37 million baht on Bitkub Exchange yesterday, a significant rise prompted by the cryptocurrency’s global price surpassing its previous record of US$69,000 per token in November 2021. This demonstrates an impressive 190% rally in the past year. Crypto financial intelligence platform, Coin Metrics, highlighted that Bitcoin hit its peak at US$69,210 on March…
- Business News
Bitcoin value triples in a year, hitting over 2 million baht
Bitcoin’s value soared to over 2 million baht on the Bitkub digital asset exchange, as global prices reached an all-time high of US$59,000 yesterday afternoon. This surge is due to the institutional acquisition of spot Bitcoin exchange-traded funds (ETFs) and a growing interest in cryptocurrency among retail investors. Udomsak Rakwongwan, co-founder of decentralised derivatives platform FWX, and Mathematics lecturer at…
- Business News
Bitcoin ETFs surge after US SEC approval boosts annual ROI
Having received approval from the US Securities and Exchange Commission (SEC) for 11 Bitcoin exchange-traded funds (ETFs), the cryptocurrency is seeing a resurgence, boosting its annual return on investment by over 150%. This surge has been aided by a predicted Bitcoin halving in April, leading to the cryptocurrency reclaiming its top position for asset annual ROI. The decision by the…
- Thailand video news
Asia News Today | Asia’s stocks fluctuate, gold and Bitcoin rally
In the Asia Pacific region, only Japan, South Korea and Australia have so far officially condemned the actions of Russia after its invasion of Ukraine yesterday. They’ve said they will join with the US in imposing international sanctions but have so far declined to add unilateral sanctions. Indonesia has taken a slightly different tack and is calling for negotiation and…
- Sponsored
Are surfboards really hotter than Bitcoin?
Sponsored Article I don’t know what’s harder to get my hand on right now – Bitcoin at a reasonable price, or a new surfboard. With the current pandemic situation, there’s been a shortage of surfboards as more surfers take to the waves. When I was told last year that a new surfboard would take at least 9 months to arrive,…
- Economy News
Bitcoin dives to $30k, a drop to less than half its peak price
Bitcoin saw the biggest drop of this year, returning it to levels it hadn’t seen since January, falling at one point to just over US $30,000. The past week has seen large amounts of selling of the cryptocurrency and value had dropped to less than half of its peak price last month of $64,829. Bitcoin experienced a 30% drop in…
- Thai Life
Bitcoin ban in Thailand
PHUKET: Bitcoin is only one among hundreds of its kind, collectively known as cryptographic protocol currencies or cryptocurrencies, which are only a small part of all digital currencies. More than 90% of almost every single currency in the world today is digital. Still, cryptocurrencies are unique while having only existed for four years, the total value of Bitcoins alone surpasses…
- Economy News
China arrests 1,100 in cryptocurrency money laundering bust
In what will only fuel perception in China that cryptocurrency is nothing more than a money laundering tool, security officials have arrested 1,100 people accused of using criminal profits to buy crypto. Chinese officials have been cracking down on cryptocurrency trade, which is banned in the country. The Ministry of Public Security in China says that Chinese police reportedly caught…
- Thai Life
Phuket Tech: The death of Windows – Live Wire
PHUKET: In the past week, the Windows world received quite a shock. First IDC, then Gartner – the two biggest names in computer industry prognostications – announced that, for the first time ever, shipments of new PCs had declined, year-on-year from the first quarter of 2012 to the first quarter of 2013. And the declines were substantial: somewhere between 11…
- Business News
Baht falls to three-month low as US inflation delays rate cut
The Thai currency hit a three-month low against the US dollar yesterday, February 14, slipping below 36 to the dollar. This was attributed to higher-than-anticipated US inflation, which led the market to predict a delay in the Federal Reserve’s first interest rate cut, initially expected in May. Quoting Kasikorn Research Centre, the baht was valued at a low of 36.13 against…
- Business News
Asia-Pacific stocks rise on China stimulus hopes and Wall Street gains
Asian-Pacific stock markets experienced gains on Wednesday, as expectations for economic stimulus from China and Wall Street’s overnight gains boosted investor sentiment. The MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 0.7% in the morning, with China’s benchmark equity index increasing by 0.3% and Hong Kong’s Hang Seng adding 1.2%. This comes after China reportedly requested major banks…
- Business News
A closer look at the crypto industry in Thailand
Thailand’s crypto industry has been steadily growing in recent years. This success is partially thanks to the government’s increased support for the sector. In 2018, the Thai government legalized cryptocurrencies and introduced a regulatory framework to oversee crypto-related activities in the country. Since then, Thailand has become a popular destination for crypto startups like Bitcoin casinos, trading exchanges, and payment…
- Thailand News
Exploring the impact of XAU to USD ratio on Thailand’s gold market
Thailand has a long and rich history of goldsmithing and jewelry making, dating back to ancient times. Gold has played a significant role in Thai culture, symbolizing wealth, power, and prosperity. Today, Thailand is a major player in the global gold market, with a thriving industry that includes gold mining, refining, and jewelry production. Thailand’s gold market has grown in…
- Thailand News
Thai Cabinet approves electricity bill discounts over next four months
The Thai Cabinet has approved electricity bill discounts over the next four months for more than 19 million households. According to the Bangkok Post, the discounts will span from the remainder of this month (January) to April, 2023. Deputy Secretary-General to the prime minister, Anucha Burapahaisri, says the discounts have been approved to help with the high power tariff. Households…
- Bangkok News
Bangkok man steals gold valued at 2 million baht after his crypto stash tanked
The impact of the crypto crisis is rearing its head in Bangkok. Yesterday, a man stole necklaces valued at 2 million baht from a gold shop in Phra Nakhon district of Thailand’s capital city. The man entered the gold shop before pulling out a gun, waving it at staff and customers. The shop’s owner, staff, and customers all fled to…
- World News
Cryptocurrency crash: what is happening?
The global market of cryptocurrency dipped below US$1 trillion to $962 billion for the first time yesterday since 2020. Bitcoin fell below US$23,000, hitting its lowest point since December 2020. Over the weekend, Ethereum collapsed by 24%, falling to its lowest level in more than 14 months. Meanwhile, crypto lending company Celsius froze withdrawals for its customers yesterday, claiming it…
- Thailand video news
Thailand News Today | Health Ministry to declare covid endemic by July 1 (Thai style rules)
Tourism officials have shrugged off a US CDC notice which advised citizens to avoid travel to Thailand. Earlier this week, the US CDC added Thailand to its list of Level 4 countries, due to the ongoing Covid situation in the kingdom. However, Yuthasak Supasorn from the Tourism Authority of Thailand says that won’t make much of a difference to an…
- Thailand News
Covid-19 brings surge in gold and cryptocurrency investment
In the uncertain times of the Covid-19 pandemic, investors are leaning towards safe investments like gold and also the emerging cryptocurrency market. Gold prices hit a 7 week high at over 55,000 baht on Thursday and around April 15 online gold transactions in Thailand doubled. One reason for the rise in gold price is uncertainty, with tensions growing between the…
