Bitcoin
- 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…
- Business News
Bitcoin plunges 20% following launch of US Bitcoin ETFs
Bitcoin, the world’s leading digital currency, has seen a sharp decline of nearly 20% since January 11. This follows the launch of the inaugural Exchange-Traded Funds (ETFs) that invest directly in Bitcoin. The downturn has been attributed to increased caution among investors regarding the potential effects of these new financial products. On the day of the ETFs’ launch, Bitcoin soared…
- Business News
Bitcoin plunges to lowest value since mid-December amid dwindling ETF hype
Bitcoin, the world’s largest digital asset, plunged to its lowest value since mid-December as the speculative demand driven by hype over new Exchange-Traded Funds (ETFs) has waned. This has left the cryptocurrency in negative territory since the beginning of 2024. The asset briefly hovered around US$40,000 before settling at US$40,843 as of 11.40am on Friday in Singapore, marking a 4%…
- Business News
SEC allows securities firms to offer spot Bitcoin ETFs to elite investors
The Securities and Exchange Commission (SEC) is in the process of permitting securities firms to offer spot Bitcoin Exchange-Traded Funds (ETFs) trading to institutional and high net worth (HNW) investors. The information became public when InnovestX Securities, a unit of SCB X Group, announced on its website that it had recently discussed the matter with the SEC and obtained approval…
- Business News
US bitcoin ETFs make splash in debut, marking crypto milestone
The long-awaited launch of the first United States exchange-traded funds (ETFs) investing directly in Bitcoin has finally taken place. This event has been marked as a significant milestone in the digital-asset industries over a decade-long campaign for recognition and mainstream acceptance. The nearly a dozen ETFs come from investment heavyweights like BlackRock Inc. and Fidelity Investments. On the first day…
- Business News
US set for decisive week on Bitcoin ETFs
The final phase of a multi-year endeavour to introduce Bitcoin-backed exchange-traded funds (ETFs) in the United States is set to climax this week, faced with a series of crucial deadlines. Bloomberg News reports that all aspiring Bitcoin ETF issuers have until today, January 8, in Washington to present any late amendments to their pending applications. Moreover, the US Securities and…
- Business News
Bitcoin surges above 1.537 million baht marking a significant peak
With a noteworthy rise of 3%, Bitcoin surged above US$45,000 (1.537 million baht) today, marking its first significant peak since April of the previous year. This considerable leap has signalled an auspicious start to 2024 for the world’s leading and most recognisable cryptocurrency. Earlier in the day, Bitcoin had reached an impressive 21-month high of US$45,386 (1.550 million baht). It…
- Business News
Bitcoin value dips as traders speculate on potential US ETF impact
Bitcoin’s value fell by 2.4% in the last 24 hours, trading at US$42,400 (1.4 million baht) on yesterday in Singapore. This comes as traders speculate on how the potential approval of the first US exchange-traded funds (ETFs) investing directly in the digital asset could impact crypto markets. Despite the recent dip, Bitcoin has seen a significant rise of 156% this…
- Thailand News
Bitcoin rebounds 80% in 2023 amid US banking system turmoil
Cryptocurrencies are making a comeback in 2023, with Bitcoin rallying by 80% above last year’s value, despite still being almost 50% down from its record high of US$69,000 in November 2021. This resurgence is partly due to improving macroeconomic conditions and the deteriorating state of the US banking system, which has led investors to seek alternatives to traditional financial instruments.…
- Business News
FTX founder eyes Supreme Court ruling in bid to dismiss fraud charges
FTX founder Sam Bankman-Fried is seeking to use a recent Supreme Court ruling to strengthen his defence against fraud charges related to the collapse of his cryptocurrency exchange. However, legal experts have suggested that the chances of having the charges dismissed remain low. Bankman-Fried requested on May 8 that most of the charges against him be dropped, arguing that some…
- Business News
Binance resumes bitcoin withdrawals after brief closure due to congestion issue
Binance, the world’s leading cryptocurrency exchange, recently announced that it had resumed Bitcoin withdrawals following a temporary halt due to a congestion problem. The exchange experienced an interruption in withdrawals for the most widely recognised cryptocurrency, Bitcoin, lasting for over an hour before the issue was resolved. The cryptocurrency exchange did not disclose additional information regarding the nature of the…
- 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…
- Economy News
USD Coin, Shiba Inu, Big Eyes Coin: What you must consider before investing in Crypto in 2023
After reaching a record high in late 2021, cryptocurrency markets had a significant decline in 2022. Amid the FTX collapse, continued bankruptcies, and regulatory worries, Bitcoin fell from a record high of $69,044.77 in November 2021 to $16,400 in November 2022, representing a fall of nearly 76%. Is the present rise expected to continue in light of these persistent worries,…
- World News
After year of cryptocurrency turmoil, investors see long winter ahead
After a year of cryptocurrency turmoil, exchanges and investors are hoping for at least a rebound in 2023. Last year’s volatility tested even the truest of believers as exchanges and funds went into meltdown. Valuations collapsed, enterprises folded and thousands of people lost their jobs. Can the industry reemerge stronger than ever? Can it reemerge at all? After a cruel…
- Hot News
FTX founder Sam Bankman-Fried arrested in Bahamas for fraud
FTX founder Sam Bankman-Fried has been arrested for fraud in the Bahamas with a judge denying his bail. US prosecutors allege he committed fraud and violated campaign finance laws. His bail was denied based because he is considered a “great” flight risk. A judge ordered him to be sent to the Bahamas’ department of corrections until February 8, 2023. Bankman-Fried…
- Thailand News
Ultimate guide to the best Thailand bitcoin jackpot games
Who said Crypto was dead? It’s merely the ‘Crypto-Winter’ we’re living through now! So for those who didn’t yet sell everything at a huge loss, what can you do with all these bitcoins and other cryptos that will help you to recover or grow your digital wealth? Why gamble it all at some ‘digital casino’ of course and watch it…
- Hot News
1 of 6 suspects arrested in Koh Samui Russian cryptocurrency extortion case
A suspect in the Koh Samui Russian realtor couple extortion case has been arrested in the province of Chon Buri. The suspect, Andrey Nizhegorodtsev, 37, a Kazakhstani, was arrested at a house in tambon Huai Yai of Bang Lamung district Wednesday afternoon. Police charged him with physical assault without causing bodily or mental harm, collusion in theft, and coercing people…
- 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…
- Business News
Why Investors Spend Millions on Virtual Real Estate
Designer furniture, floor-to-ceiling windows, sun terrace, infinity pool – a few weeks ago, the Mars House luxury estate was sold for more than half a million US dollars. A bargain, one might think, given the rising prices on the real estate market. But the house does not exist physically, but purely digitally. You can only walk through it in augmented…
- Thailand News
How is Crypto currency used in Thailand?
Crypto currency has become very popular in Thailand. How do you use or trade cryptocurrency in Thailand? Is cryptocurrency transactions banned in Thailand? What does the law say regarding Crypto currency transactions. Tim newton sits with Ben hart from Integrity Legal to find out what the law says regarding cryptocurrency in Thailand.
- Thailand News
Thai government to ease tax rules for investments in digital assets
The Thai government has approved the easing of tax rules for digital assets in order to promote and develop the industry. The move comes amid a surge in cryptocurrency trading in the kingdom, according to a Reuters report. Finance Minister Arkhom Termpittayapaisith says the relaxed rules means cryptocurrency traders can offset annual losses against gains in the case of taxes…
- 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…
- Thailand News
NFTs explained – What is it and how does it work
NFTs has been gaining popularity over the past two years. From art and music to Jack Dorsey’s first tweet and toilet paper, these digital assets are selling for up to millions of dollars. In December 2021, an anonymous artist Pak sold 266,445 shares of his NFT Merge for $91.8 million on Nifty Gateway. He is now known as the most…
- Travel Guides
Hotel trends to watch in 2022- Check-in like a VIP
If you are wondering what could be in store for hotels in 2022, this guide is for you. The twist and turns of changing restrictions have affected the hospitality industry to a great extent. The good news is that the hotels will be trying their very best to make you happy in this pandemic. Hotels have been incorporating new trends…
- Press Room
Cryptocurrency is now accepted at Silavadee Pool Spa Resort in Koh Samui
Press Release Silavadee Pool Spa Resort becomes the First Resort in Koh Samui to accept Cryptocurrency. Koh Samui, 2021 – Silavadee Pool Spa Resort is becoming the first resort in Koh Samui to accept cryptocurrency for hotel bookings worldwide. Miss Chonlada Soonthonvasu, Managing Director of Silavadee Pool Spa Resort said, “As the popularity of online booking channels grows, people are…
- Crime News
Hacker arrested after selling data of 600,000 customers
A former employee of a well-known company in Thailand was arrested for a data breach where he allegedly hacked and sold the data of 600,000 customers. The hacker, known as Woraphol, was taken into custody by the Technical Crime Suppression Division after the company the man worked for previously uncovered the data breach and contacted the police. A search warrant…
- World News
China announces cryptocurrency trading is illegal
China’s central bank has announced that all transactions using cryptocurrencies are illegal and have increased crackdown efforts on illegal mining of the currencies in China. Chinese banks have been prohibited from handling cryptocurrencies for nearly a decade, but traders have continued to buy and sell cryptocurrencies surreptitiously for years. China has also previously been considered one of the biggest producers…
- World News
El Salvador: first country worldwide to make bitcoin legal tender
Cryptocurrency has been making inroads at gaining more and more mainstream acceptance, but this week marked a new major milestone. El Salvador just became the first country worldwide to accept bitcoin as legal tender, on Monday purchasing 400 bitcoins at a price of US $21 million. The announcement caused such a swell of interest, the country’s cyber wallet system was…
- Pattaya News
Na Jomtien man electrocuted mining bitcoin
The volatility of bitcoin trading can be shocking, but so too can actually mining it, as a Na Jomtien resident unfortunately found after being electrocuted by his mining machine. The body of a 26 year old man named Danai was found this morning after apparently being electrocuted to death by the computer equipment he was using to mine bitcoin. The…
- 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…
