Crypto
- 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,…
- 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…
- 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…
- Crime 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…
- Technology News
Awesome ways to show off your NFTs
Are you an NFT art collector? Want to create a cool NFT display? After spending a large amount of money, it’s only natural that you want to display your precious crypto art for the world to see. Unlike physical artworks, showcasing NFT art can be challenging, especially since this booming art type is still in its early stage. However, there…
- 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…
- 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…
- 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…
- News
Mastercard is working on accepting digital currency payments in Thailand
Mastercard is working on accepting digital currencies as payment, according to the Thailand and Myanmar manager of the payments technology company. Mastercard has been collaborating with associated parties in Thailand and around the world to plan for a future of transactions using digital currencies. Digital currencies are expected to become a critical choice for consumers and people want to use…
- Phuket 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…
- Economy News
Digital assets as payment requires more regulation in Thailand
After studying the risks and benefits of using digital assets and cryptocurrencies to pay for goods and services, a coalition of financial bodies have decided that more regulation is necessary in Thailand. The Ministry of Finance, along with the Bank of Thailand and the Securities and Exchange Commission, have partnered together to assess the regulation needed for crypto usage in…
- Thailand News
Cryptocurrency ban in China fuels Thailand’s crypto mining boom
China’s recent ban and crackdown on cryptocurrency has fuelled a cryptocurrency mining boom in Thailand as small investors quickly buy up the equipment that are now useless in China. In September, China’s central bank declared all digital currency trading and mining illegal. Some of the largest Bitcoin mining operations in the world relocated while many smaller miners are now selling…
- Thailand News
Bank of Thailand concerned with banks trading in digital assets
The Bank of Thailand said they don’t want commercial banks to directly trade in cryptocurrency and digital assets due to their extreme volatility. Thai lenders have been investing more and more in digital asset exchanges in Thailand with several banks making deals in the digital currency space. Siam Commerical Bank recently purchased a 51% share of Bitkub for 17.85 billion…
- Economy News
Indonesian religious council forbids crypto for Muslims
While cryptocurrency is growing steadily in popularity, Indonesia’s council of religious leaders have announced that crypto and digital assets are banned for Muslims. Indonesia holds the largest Muslim population of any country in the world, and the National Ulema Council is the religious authority that makes decisions based on Shariah law. In their deliberation and consultation with experts, they determined…
- Economy News
Bitkub company and crypto-coin value surges as SCB buys 51% of shares
Cryptocurrencies just got a big boost in Thailand as Siam Commercial Bank Group’s parent company SCBX struck a deal to take over 51% of shares of Bitkub from its parent company Bitkub Capital Group Holdings, a deal valued at 17.85 billion baht. SCB Securities will hold the shares and collaborate with Bitkub to create a national infrastructure with a digital…
- Thailand News
Leading Thai shopping centre developer exploring cryptocurrency rollout
Thai retailer Central Retail Corp is piloting a digital currency based on blockchain technology, which it is currently rolling out to employees around the world. Bloomberg reports the cryptocurrency, dubbed “C-Coin”, is being distributed to Central’s 80,000 global employees on merit, in addition to their usual compensation, with it able to be used in place of cash at restaurants or…
- Economy News
Bank of Thailand plans real-world test of digital currency in 2022
The Bank of Thailand recently announced plans to do some real-world testing of digital currency in the near future as the popularity of cryptocurrency continues to grow. They plan to test their Central Bank Digital Currency in a real-world environment sometime in the second quarter of 2022. The BOT has been studying the CBDC since 2018 and is aware that…
- Thailand News
Plans for digital or crypto assets – the TAT Coin – to grow tourism
The Tourism Authority of Thailand is considering jumping into the world of digital assets by launching its own tourism-based utility token called the TAT Coin. Crypto is often looked at as the way of the future, and traders are considered high-value, big-spending tourists, especially those that work as digital nomads and stay long-term. Discussions are underway with the Securities and…
- 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…
- Economy News
SEC fears cryptocurrency trading by inexperienced traders
The Securities and Exchange Commission in Thailand is worried about crypto investor ignorance as cryptocurrency trading volume in Thailand surged to 700 to 800 billion baht over the past 10 months. The chief executive of Zipmex Thailand predicted trading will hit 1 trillion baht by the end of 2021. At the PostToday Cryptocurrency Forum 2021 yesterday the Zipmex executive said…
- 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…
- Technology News
Traditional meets modern with Buddhist NFTs CryptoAmulets
Thailand is often a curious mixture of old and new. Ancient style architecture in temples share neighbourhoods with ultra-modern skyscrapers. Modern life is blended with traditions a century old or older. And now, old meets new again with the launch of CryptoAmulets, digital Buddhist amulets that are combining the ancient Thai tradition of carrying Buddhist good luck charms with the…
- Thailand News
Thai amulets come to blockchain, blessed by grandmaster of spells and charms
Thailand is introducing Thai amulets on the blockchain. Crypto Amulets are selling Amulet non-fungible tokens (i.e., NFTs). However, unlike other NFTS, this crypto has been blessed by a grand master monk of spells and charms. The monk is LP Heng and the company’s website that sells Crypto Amulets touts the monk for his mystical powers. The company, Crypto Amulets, praises…
- 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…
- 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…
- Economy News
Lungtoo, A PM Prayut-themed Thai meme crypto, debuts
For those looking to get into the cryptocurrency craze in the shadiest way possible while also offending the Thai government, the perfect option now exists. Say hello to Lungtoo, the newest meme crypto be making its way through the Thai blockchain community. The name is pronounced like the Thai translation of Uncle Tuu, the affectionate nickname given to PM Prayut…
