Thailand’s oldest bank announces stablecoin remittance services
The Siam Commercial Bank Public Company, founded in 1907, was the first bank established in the South Pacific country.
Related Posts
Almost $100M exits US crypto funds in anticipation of hawkish monetary policy
“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote. 1786 Total views 32 Total shares Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation…
Libra Just Made a Bunch of Changes to Play More Nicely With Regulators
After a rocky road with the United States Securities and Exchange Commission, key decision-makers at Libra have gone back to the drawing board to re-tool their cryptocurrency platform to be more palatable to regulators.First of all, Libra has applied for a payment system license from Swiss regulator FINMA (Swiss Financial Markets Supervisory Authority). This is…
Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears
Ethereum's native asset Ether (ETH) prices slumped on Sept. 20 amid a broad selloff in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China.The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of August 2021. Elsewhere…
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s. Own this piece of history Collect this article as an NFTBitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG).On Jan. 30,…
South Korea strengthens crypto regulation with LEI adoption and crime unit
South Korea has established an interagency investigation unit to combat cryptocurrency crimes, aiming to address the rise in illicit activities in the market and the need for investor protection, according to a July 26 report. Concurrently, the Korea Securities Depository announced a business agreement with Code, a company specializing in travel rules, in Seoul to…
Spreading holiday joy through charitable giving with cryptocurrency
The holidays are the perfect time of the year for giving back, and the rise of cryptocurrencies has created even more opportunities for charitable initiatives. This was highlighted during Giving Tuesday 2021, the Tuesday after Thanksgiving which saw over $2.4 million raised in cryptocurrency from the nonprofit fundraising platform The Giving Block.As crypto philanthropy becomes…
Indian government is rethinking crypto ban: The Economic Times
A new panel will be formed to address "outdated" recommendations on crypto trading. 13169 Total views 37 Total shares Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel.A May 19 report in the Economic Times, cited three sources privy to discussion on the…
Germany's Bitcoin wallet drops to 5,800 BTC after major sale
With 5,800 Bitcoin remaining, the German government has successfully sold 88.4% of the original 50,000.