Crypto
- Technology News
ICP hosting The ultimate multi-chain Hacker House @Devcon – Chain Fusion Hub
As the world gears up for DevCon Southeast Asia in Bangkok this November, a unique opportunity is emerging for blockchain enthusiasts, entrepreneurs, startups, independent developers, and Web3 innovators. The Chain Fusion Hacker House (November 8-10) and the ICP Party Night (November 11) promise unforgettable experiences for those eager to explore the edge of Web3 technology. What is ICP and why…
- Thailand News
How Thailand’s consumer behaviour is being affected by cryptocurrency
Many investors believe that cryptocurrencies have significant potential as investment assets. To cater to this interest, financial products related to traditional asset classes have been introduced in various countries. These products include futures contracts, exchange-traded funds (or more commonly referred to as ETFs), and micro futures contracts, which allow for smaller-scale investments. Furthermore, several major banks now offer their clients…
- 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…
- Economy News
Bitcoin’s bull run: Crypto climbs with biggest surge in months
Bitcoin’s price today experienced a substantial surge marking its most significant single-day gain in two months. This sudden upward movement has been attributed to growing anticipation of a more relaxed monetary policy environment in the coming months. The prospect of central banks potentially easing their grip on digital currency interest rates has injected a wave of optimism into the market.…
- 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…
- Press Room
Bitbot vs. BNB: Best trading app token investment opportunity for American buyers
Among many of the best crypto investment options, Bitbot is a standout contender, particularly captivating American buyers. This innovative Telegram trading bot token officially launched in January, has already made significant waves in the crypto community. Within 11 weeks, Bitbot has raised $1.9m, signaling strong market confidence and investor interest despite its status as a new cryptocurrency. This article compares…
- Search Engine Optimisation (SEO)
Revolutionise your marketing: Harness blockchain today
In the rapidly evolving world of digital marketing, staying ahead of the curve is crucial for your success. Enter blockchain technology, a groundbreaking development that’s set to revolutionize how you reach and engage with your audience. If you’re keen on harnessing the latest in tech to boost your marketing efforts, you’re in the right place. Blockchain isn’t just for the…
- Business News
New VC funds to boost startup growth in 2024
This year, the growth of startups is anticipated to see a significant boost as several new venture capital (VC) funds emerge, following a period of slowed activity during the pandemic and recent crypto winter. Among these is the Finno Efra Fund, valued at 1.3 billion baht, co-established by EfraStructure and Krungsri Finnovate, with operations set to commence in March. Pawoot…
- 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…
- Crime News
Crypto scam impersonates news anchor, swindles 20 million baht
An online scammer impersonated well-known news anchor, Arakar Jiwagit, also known as Kwang, and defrauded Thanasak, a former Bangkok Water Supply director, of nearly 20 million baht via an investment in cryptocurrency. Thanasak yesterday, accompanied by his lawyer Chidchonok Laminai, and news anchor Kwang, visited Police Colonel Chatchapund Klaikleung, Commander of Cyber Crime Investigation Bureau 1, at the Government Complex…
- Crime News
Bangkok luxury homes raided in 300 million baht fraud search featuring ‘Crypto King’
A massive operation launched by Cyber Crime Investigation Bureau (CCIB), dubbed The Hunt for the Crypto King Ep:3, led to the raid of two luxury homes in central Bangkok. Taking place today, the operation was conducted under the authority of police officials including Assistant Division Commander Amnaj Traipoj and his team. The undertaking resulted in the confiscation of possessions and…
- Crime News
Bangkok’s luxury properties raided in expansive search for cryptocurrency fraudsters
In an international operation named ‘Trust No One,’ the Thai Cyber Police launched an extensive quest for cryptocurrency fraudsters involved in a worldwide scam worth billions. The second phase of the operation led to a dramatic search in upmarket properties across Bangkok today, revealing stunning details about a Chinese couple’s involvement in the fraud. The Cyber Police, led by Damrongsak…
- Crime News
Woman confesses to cryptocurrency scam involvement after husband’s suicide
A 31 year old woman named Priyanuch was arrested today, in connection with an online investment scam involving cryptocurrency trading. Upon interrogation, she confessed that her husband had encouraged her to open six bank accounts for the scam, and he later took his own life after learning he was wanted by authorities. Priyanuch, a mother of three children aged 13…
- Business News
Bitkub’s bumpy ride: Thailand’s leading crypto exchange parent company sees sharp revenue decline amid market downturn
Bitkub Online (BO), the parent company of Thailand’s top cryptocurrency exchange Bitkub, experienced a 48% year-on-year drop in revenue last year, attributed to the downturn in the crypto market. Client investments also saw a significant 65% decline compared to the previous year. The financial statement published on BO’s website revealed a net profit of 341 million baht in 2022, marking…
- 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
Fraudulant websites offer refunds on FTX collapse
With the collapse of cryptocurrency exchange FTX, crypto investors that lost it all are being warned to beware of misinformation and fake websites promising to help recoup their losses. Singapore police issued a warning over the weekend about a website that says it can help FTX investors to recover their lost crypto when the company declared bankruptcy. On November 11,…
- Technology News
FTX crypto exchange files for bankruptcy
The American crypto exchange FTX filed for Chapter 11 bankruptcy today following several days of turmoil amid a failed buyout. Founder and CEO Sam Bankman-Fried announced his official resignation yesterday. The cryptocurrency world has been severely shaken by the second-largest exchange collapsing. In 2020, FTX was valued at only a few hundred million US dollars but skyrocketed to a US$1…
- Thailand News
The Journey to Legalizing Cryptocurrency in Thailand ft.Topp Jirayut | Thaiger Podcast
Topp Jirayut Srupsrisopa, Founder and Group CEO of Bitkub Capital Group Holdings Co., Ltd., — the LARGEST blockchain and digital asset group of companies in Thailand. He is one of Thailand’s youngest leading bitcoin and open blockchain experts with more than 8 years of experience in the blockchain industry. Topp is also an Executive Board Member and Vice President at…
- World News
Call centre trafficked forced labour to sell crypto via Tinder
When was the last time you got a legitimately good investment tip from Tinder? Never? Scammers continue to use dating apps to con people into fake crypto investments. On Monday, Thai police announced the arrest of a Chinese leader of a multi-country gang who trafficked people to work in call centres selling crypto scams. The phoney call centre was uncovered…
- Best of
NFT Games to play in 2022
The non-fungible token (NFT) hype might be cooling down a bit, and it doesn’t dominate the news as much as it used to, but NFT games are still very much alive and kicking. More and more non-fungible token games are being released every month, and the best ones are here to stay. What makes NFT games much more exciting than…
- Technology News
Coinbase tapped by Google for crypto payments
In a boost for the cryptocurrency world, tech goliath Google announced plans to allow some customers to pay for cloud services using Coinbase, a leading crypto exchange platform. The announcement from Google gave crypto a much-needed kick after an overall rough year. The rollout will begin with access solely to those customers working in the Web3 industry, allowing selected people to…
- Crime News
Foreign gang allegedly extorts Russian couple of crypto worth US$50k in Thailand
A Russian couple in Koh Samui in southern Thailand claims that a gang of six foreign men – including Russians, Kazakhs and a German – extorted them of cryptocurrency worth US$50,000, or 1.89 million baht. On Sunday, 31 year old Evgeny Abdullin and his wife Ekaterina Abdullin filed a complaint at Koh Samui Police Station. The couple said that six…
- Economy News
SCB-Bitkub deal fizzles as young investors lose big on crypto
As the crypto market cools and young, naïve investors lose big, the deal for Siam Commercial Bank Group (SCB) to acquire a majority stake in Thai digital asset exchange Bitkub Online has fallen apart. The deal, announced in November of last year, pushed Bitkub Online’s value over US$1 billion and drove the company’s cryptocurrency to triple in value overnight. SCB’s…
- 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
Cryptocurrency payments banned in Thailand, trading still okay
You can put your hopes to rest as Thailand will ban any use of cryptocurrencies as a form of payment. Officials believe that its widespread use will harm the country’s financial system and economy. The new rules that prevent using digital currencies as a form of payment will take effect from April 1. Businesses are given extra time until the…
- World News
Australia plans to sue Facebook owner over scam ads for cryptocurrency
Australian officials are suing Facebook’s owner, Meta Platforms, over scam ads for cryptocurrency schemes. The ads feature well-known Australians, including a politician and a businessman, who they claim endorse the schemes. In reality, the figures never endorsed the schemes, or approved the ads. Australia’s consumer protection commission said the ads also contained links to fake articles with quotes claiming to…
- World News
Tourism official proposes payment solutions for Russians in Phuket
Following the move by Mastercard and Visa to cut off services to cards issued in Russia, Phuket tourism officials are proposing solutions for Russians stranded there. Yesterday, the president of the Phuket Tourism Business Association proposed three possible solutions: Allow Thai commercial banks to support Russia’s Mir payments system, allow the use of Chinese payment systems such as union pay,…
- 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…
