Crypto
- Phuket News
Ex-inmate arrested in Phuket for 22 million baht crypto scam
An ex-inmate has been apprehended in Phuket for impersonating a well-known politician to entice a woman into investing in a fraudulent cryptocurrency scheme, resulting in a loss of 22 million baht. The Cyber Crime Investigation Bureau (CCIB) police arrested 36 year old Pratya at a residence in Koh Kaew, Mueang district. He faces charges of public fraud and inputting false…
- Bangkok News
Chinese nationals lose 13 million baht in Bangkok crypto scam
Three Chinese nationals found themselves swindled out of a staggering 13 million baht in a brazen Bangkok cash-for-crypto sting. The drama kicked off on yesterday afternoon, January 9, in the city’s bustling Huai Khwang district. At 3.30pm, the scene was set at a house on Pracharat Bampen 12 Road, where Huang Guang, an unsuspecting Chinese visitor, claims he was robbed.…
- 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…
- 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
How Cryptocurrency is changing consumer behaviour in Thailand
Cryptocurrencies like bitcoin or similar have played a significant role in the global economy in recent times, and Thailand is just one of the countries where these changes are taking place. Since the country has a young population, and this population is actually tech-savvy, it didn’t take long for cryptocurrencies to be adopted. While the popularisation of cryptocurrencies in Thailand…
- 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…
- 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…
- Thailand News
Police crackdown on kidnapping for crypto ransom in Phuket, Thailand
Authorities in Phuket detained four foreign suspects in a brazen kidnapping that targeted a Russian couple in the island’s bustling streets. The assailants forced their victims to transfer cryptocurrency worth an estimated 30 million baht but upon interrogation the suspects maintained their innocence, claiming no acquaintance with the victims and identifying themselves as tourists. The incident, which unfolded yesterday, January…
- 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’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…
- Phuket News
Phuket’s crypto firestorm: Faulty wiring sparks blazing inferno, exposing illegal crypto-mining operation
Firefighters were called to handle a blaze in Phuket Town exacerbated by faulty wiring. The cause was believed to be illegal crypto-mining. Surprisingly, the fire took place on the third floor of a building near the Thailand Post branch on Bangkok Road. It reportedly started around 6am yesterday and was swiftly extinguished by the responding firefighters. Fortunately, no casualties were…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
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