cryptocurrency
- Thailand News
Thaksin tasked with cryptocurrency proposal by Malaysian PM
Thaksin Shinawatra has been tasked with proposing and recommending that ASEAN consider adopting a cryptocurrency. He will undertake this role as a personal adviser to Malaysian Prime Minister Anwar Ibrahim, who currently chairs ASEAN. Former Thai Prime Minister Thaksin was given this responsibility by the ASEAN chair due to his interest in cryptocurrencies. He emphasised the importance of the regional…
- Business News
Stable vision: Binance pushes for baht-backed crypto in Phuket
The Government of Thailand is being urged by Binance’s Thai branch to explore the development of stablecoins tethered to the baht, intended for use within the country and particularly within the proposed Phuket crypto sandbox. Unlike volatile digital assets such as Bitcoin, stablecoins are linked to fiat currencies, offering a more stable alternative. Nirun Fuwattananukul, CEO of Gulf Binance, explained…
- Business News
Trump card for bitcoin: 2025’s super cycle sparks crypto buzz
Crypto analysts are buzzing with excitement at the prospect of a bitcoin “super cycle” in 2025, as Donald Trump‘s return to the US Presidency brings a pro-crypto windfall. His administration’s staunch support for Bitcoin is injecting new life into the market, with enthusiasts riding high on optimism. Bitcoin recently dipped from its late-2024 peak amid profit-taking and cautious interest rate…
- Phuket News
Bitcoin hits the beach: Thailand’s sizzling crypto coup in Phuket
Phuket is set to become a crypto paradise as Thailand trials a new payment system using cryptocurrencies, all in a bid to make it easier than ever for tourists to splash their cash. The architect behind this brainwave reckon it’ll not only put a smile on the face of tech-savvy travellers but will also give the nation’s tourism sector a…
- Business News
Thailand considers Bitcoin payment trial in Phuket for tech tourists
Thailand is considering a groundbreaking initiative proposed by former Prime Minister Thaksin Shinawatra to test Bitcoin payments in Phuket, aiming to enhance the country’s appeal to technology-forward tourists. This proposal, however, requires the Bank of Thailand to conduct a detailed examination of the potential risks involved, as highlighted by Gulf Binance, the local division of the global cryptocurrency leader, Binance.…
- Thailand News
Thailand eyes Phuket for bitcoin sandbox experiment
Thailand is edging closer to cryptocurrency adoption, with Finance Minister Pichai Chunhavajira dropping hints about extending the bitcoin sandbox experiment in Phuket. This bold move could position Thailand as a regional leader in digital currency innovation. “We are not suggesting replacing existing currencies with bitcoin.” Pichai emphasised the controlled nature of the trial. Under the sandbox model, bitcoin would be…
- Finance
After a successful ICP Hacker House, the Internet Computer is back!
The Global ICP Town Hall is set to close out 2024 with an extraordinary finale in Thailand at 7pm on December 20. This highly anticipated third and final episode, themed as a festive X-mas edition, will bring together innovators, thought leaders, and tech enthusiasts from around the globe for an evening of knowledge sharing and collaboration. Hosted on X Space,…
- Business News
Crypto hits new heights: Bitcoin Trumps US$100k amid election buzz
In a staggering leap that has set the crypto world ablaze, bitcoin shattered the US$100,000 mark for the first time, skyrocketing from around US$69,000 just a month ago. This meteoric rise comes hot on the heels of the US presidential elections, fuelling frenzied speculation among crypto investors about the impact of Donald Trump’s return to prominence. With crypto enthusiasts on…
- Business News
Bitcoin set for record high amid US election and rate cuts
Bitcoin is poised for a potential surge to a new record high this month, driven by expectations of further US policy rate cuts and a potential victory by Donald Trump in the US presidential election, according to insights from Merkle Capital, a digital asset fund manager. Last month, Bitcoin reached US$73,600, marking an increase of over 25% compared to the…
- Business News
Bitcoin breaks the bank: Crypto leap sends shockwaves through markets
In a dazzling leap forward, Bitcoin smashed through the US$71,000 barrier, sending shockwaves through the financial world. This crypto milestone, unmatched since June, comes on the heels of hefty inflows into exchange-traded funds and rampant election speculation. As the clock ticked past 10.45am in Singapore, the digital asset darling rocketed over 2%, peaking at an impressive US$71,310. Not to be…
- 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…
- Business News
Crypto mania: Bitcoin set to skyrocket as interest rates plummet
Merkle Capital is forecasting a surge in Bitcoin prices and a flurry of cryptocurrency investments this month, thanks to the global trend of dropping interest rates. Investment wizard Woramet Chansen from Merkle Capital spilled the beans, noting that Bitcoin’s price rocketed over 25% in September. This came hot on the heels of the US Federal Reserve’s first rate cut in…
- 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
Bitcoin declines amid speculations of crypto market peak
Bitcoin’s value is slowly declining, marking a significant shift in the digital asset market worth over US$500 billion (18.5 trillion baht). This has led to speculation about the possible peak of the cryptocurrency rebound. The token is on the brink of a five-day losing streak, which hasn’t been seen since October of the previous year. The overall crypto market has…
- 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…
- Thailand News
Thai police bust major cryptocurrency mining operation
Thai police apprehended multiple individuals and confiscated over 650 cryptocurrency mining devices valued at over 200 million baht in Samut Sakhon and Ratchaburi, following an investigation into suspected electricity theft. The high-profile crackdown involved officers from the Cyber Crime Investigation Bureau (CCIB) and Provincial Electricity Authority (PEA) officials, who targeted the locations due to their exceptionally high power usage. The…
- Thailand News
Thai SEC crackdowns on unlicenced crypto operators
The Securities and Exchange Commission of Thailand (Thai SEC) has declared war on unauthorised digital asset services, aiming to safeguard investors from financial pitfalls. Pornanong Busaratrakul, Secretary-General of the Thai SEC stated that at the meeting on April 19, it was resolved to order the SEC to submit information on unauthorised digital asset service providers to the Ministry of Digital…
- Business News
Crypto crackdown: Regulatory bodies unite to reel in P2P fraud
Regulatory bodies are rallying together to develop stringent rules to monitor the buying and selling of cryptocurrencies via peer-to-peer (P2P) transactions. These authorities have observed that fraudsters, seeking to cover their tracks after illicit activities, tend to use cryptocurrencies purchased P2P. The Securities and Exchange Commission (SEC) is being urged to revise or create regulations related to digital assets, to…
- 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
Cryptomind group aims to triple AUM to 3 billion baht amid crypto rebound
Cryptomind Group Holdings announced its aim to triple its assets under management (AUM) to 3 billion baht (US$83 million) this year, following a robust rebound in the cryptocurrency market. This projection is based upon the performance of Merkle Capital Co Ltd, the group’s digital asset fund manager and Thailand’s first licensed entity in this field. The group’s confidence bolsters following…
- Business News
Thai SEC approves private funds to invest in Bitcoin ETFs
Asset management firms have been granted permission by the Securities and Exchange Commission (SEC) to initiate private funds that invest in Bitcoin Exchange-Traded Funds (ETFs). However, this investment opportunity is only accessible to institutional investors and ultra-high-net-worth investors. The SEC board gave its nod to asset management firms managing private funds that invest in Bitcoin ETFs listed on US exchanges…
- Business News
Bitcoin hits new high in baht on Bitkub amid global surge
Bitcoin‘s price achieved an unprecedented high of 2.37 million baht on Bitkub Exchange yesterday, a significant rise prompted by the cryptocurrency’s global price surpassing its previous record of US$69,000 per token in November 2021. This demonstrates an impressive 190% rally in the past year. Crypto financial intelligence platform, Coin Metrics, highlighted that Bitcoin hit its peak at US$69,210 on March…
- Business News
Bitcoin nears all-time high, marking a 50% rise this year
Bitcoin’s value witnessed a steep rise today, reaching a two-year high of US$64,285, a mere 2% shy of its all-time record of US$68,999.99 set in November 2021. This surge marks a 50% increase in the cryptocurrency’s value since the beginning of this year, with the majority of this growth observed in recent weeks. The rise in Bitcoin’s value corresponds with…
- Business News
Bitcoin surpasses US$55,000 mark fuelled by ETFs, MicroStrategy purchases
Bitcoin has once again crossed the US$55,000 mark, a feat not seen since late 2021, bolstered by exchange-traded funds’ investor demand and additional acquisitions by MicroStrategy Inc. In Singapore today, the most significant digital asset witnessed a 1% surge, standing at US$55,112 following an over 5% rise in the US session. Bitcoin’s value has seen an impressive 30% increase since…
- Thailand News
OAG ready to seize 597 million baht from Chinese gang’s assets
In a significant move against financial crime, the Office of the Attorney General (OAG) is primed to seize assets amounting to nearly 596.58 million baht (US$16 million), previously impounded from a prominent Chinese gang on December 7, as stated by Wirun Chanthananan, the director-general of the OAG’s Department of Special Litigation (DoSL). The Anti-Money Laundering Office (AMLO) has a timeframe…
- 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
Bitcoin hits US$50,000 milestone, crypto market on a digital rollercoaster
Bitcoin, the largest digital asset, oscillated around the landmark value of US$50,000, a level it hadn’t touched in over two years. This marks a remarkable resurgence following the various cryptocurrency scandals and industry wipeouts that had previously cast a shadow of uncertainty over the sector’s future. Yesterday, in the United States, Bitcoin’s value soared to an impressive US$50,328, and it…
- Press Room
AAAFx year in review: A testament to success in 2023 and exciting prospects for 2024
In 2023, leading brokerage, AAAFx, achieved a significant milestone by surpassing one million website users. Explore this and other highlights of the broker’s accomplishments, and the exciting opportunities that await in the year to come. AAAFx has had a remarkable year featuring prestigious awards, significant milestones and successful participation in key industry events. From being recognised as the ‘Broker of…
- Business News
Zipmex risks losing license over liquidity issues and inadequate management
Zipmex, a digital asset exchange operator, is facing a potential revocation of its business licence from the Securities and Exchange Commission (SEC) if it fails to resolve its liquidity problem within a fortnight. This issue arises as the company’s capital fund has fallen below the regulator’s minimum standards. The SEC board urged Zipmex to overhaul its operations, blaming the company’s…
