Bitcoin
- 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…
- Thailand News
Bank of Thailand wrestles with cryptocurrency adoption
The Bank of Thailand is wrestling with cryptocurrency – how to adopt its usage and how to regulate it in the face of growing popularity, along with all the dynamics surrounding the new ‘currencies’.. The BOT admits they’re struggling with balancing the innovation in the financial world and protecting investors in a volatile and unstable market. Digital currency fluctuates much…
- Thailand News
Thai PM walkout, easing of covid restrictions | February 19
Thailand News Today Police have arrested a man in Samut Prakan, southeast of central Bangkok, for allegedly possessing war weapons and attempting to sell assault rifles online through Instagram. The “dewaffen” Instagram page for “Oz John Woo” has an eclectic combination of cat photos and gun photos. The bio says “military support/ small arms import/export service. Life is limited, please…
- Thailand News
Thailand tourism officials want to attract Bitcoin and other cryptocurrency holders
Got Bitcoin? You may soon be able to spend it in Thailand. The country’s tourism officials want to draw in cryptocurrency holders and plan to first target tourists from Japan, the one of the world’s top holders of Bitcoin. The idea is to draw in more high spending tourists, according to Tourism Authority of Thailand governor Yuthasak Supasorn. With the lack…
- Phuket News
Phuket’s seastead couple remain elusive
The Seastead may be under 24 hour guard at the Port of Phuket but the couple who were staying in the structure offshore from Phuket, and have become the international face of the seastead experiment, remain elusive. According to Phuket’s deputy police chief Pol Colonel Witoon Kongsudjai, their mobile phone signal identified the couple’s last known location as Tarutao Island…
- Phuket News
“The Thai military wants us dead” – Phuket Seastead owner
by Kimberly Craig (WXYZ Detroit), Tim Newton, ocean.builders American Chad Elwartowski and his Thai partner, Nadia Supranee Thepdet, say they are on the run from police in Thailand after the government has accused the couple of trying to lay claim to Thai maritime territory with their ‘seastead’, a maritime house considered to be a permanent dwelling at sea off Phuket.…
- Phuket News
UPDATE: Visa revoked of American who funded the Phuket ‘seastead’
The Visa of the Michigan-based American man, who funded the ‘seasteading’ structure off the coast of Phuket, has been revoked while investigations continue into the legality of the matter. The factory that built the ‘seastead’ has been found with no license to build such a structure. The Phuket Immigration Chief Col Katathorn Kamthieng says, “The American man who has invested…
- Hot News
Bitcoin Seastead backer in battle with Thai authorities
A ‘seastead’ project, launched by an early bitcoin adopter off the coast of Phuket island in Thailand’s south is running into trouble with local government authorities. The Royal Thai Navy and Phuket Maritime authorities boarded the structure on Sunday, saying that the structure violates criminal law and poses a navigation hazard. ‘sea-stead’, noun – a permanent settlement on a structure…
- Bangkok News
Key suspect arrested in 800 million baht bitcoin ‘scam’
Parinya Jaravijit, a key suspect in an alleged 800 million baht bitcoin investment scam, was arrested last night at Suvarnabhumi Airport when he arrived back in Thailand. Parinya – who continues to maintain his innocence – was taken to Ratchadapisek Criminal Court today to apply for his first 12 day detention period (October 12-23). Police have objected to his bail…
- Bangkok News
Actor’s family assets confiscated over suspected bitcoin fraud
PHOTO: Thai actor Jirachpisit ‘Boom’ Jarawichit – The Nation The AMLO (Anti Money Laundering Office) has confiscated assets worth 210 million baht belonging to an actor and his family suspected of involvement in fraud and money laundering. The case stems from a complaint by a Finnish investor, Aarni Otava Saarimaa, that he was defrauded of bitcoins valued at 797 million…
- Bangkok News
Former Thai actor arrested over Bitcoin scam
A once-popular actor has been charged with convincing foreigners to transfer to him more than 5,500 bitcoins as an investment. (5,500 Bitcoin are worth around 210,000 baht or US$6,300 each as of today) Police picked up 27 year old Jiratphisit Jarawitchit today at midday at a shopping mall in Bangkok’s Chatuchak district. The Criminal Court issued arrest warrants for him…
