Bitcoin
- 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…
- Technology News
Porn may open the door to the mainstream for cryptocurrency
Cryptocurrency has grown a strong following of hardcore supporters but has yet to gain widespread acceptance and ease of use. But now another hardcore faction might help bridge the gap and open the doors to wider usage: porn. After OnlyFans became the latest website/porn service to see its value and success hanging in the balance of a battle between its…
- 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…
- 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…
- Crime News
US charges 3 North Korean officials with stealing cryptocurrencies
The US Justice Department is accusing North Korea of stealing crypto and traditional currencies and is charging 3 military intelligence officials with the alleged crime. President Joe Biden is calling the incident a “global campaign of criminality.” The accusations include hacking and malware operation cyberattacks to steal $1.3 billion US dollars from banks and other institutions. The actions were allegedly…
- 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…
- Phuket News
Navy files report against ‘seasteading’ structure off Phuket
The Royal Thai Navy has filed a report against an American/Thai couple for their ‘seasteading’ structure off the coast of Phuket. Read more about the concept and structure HERE. The ‘seasteading’ couple, that have set up a structure some 15 nautical miles south east of Phuket’s southern coast, are the subject of an official complaint by the Thai Third Naval Area…
- 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…
