Only Seven Crypto Firms Authorized to Legally Operate in Thailand

only seven crypto firms authorized to legally operate in thailand

Regulation The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Seven Crypto Firms Authorized The Thai SEC has announced the names of the cryptocurrency firms that have been authorized to operate in the country while their applications are being reviewed by the regulators. Seven firms, consisting of five crypto exchanges and two dealers, have been granted…

Read More

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

sec fines and permanently bars founder of fraudulent oil exploration token

Regulation The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which the SEC considers securities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SEC Took Action The SEC announced Tuesday that it has taken action against David Thompson Laurance and the oil and gas…

Read More

New Player to Offer Next Generation ASIC Chips This Year

new player to offer next generation asic chips this year

Mining A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities.    Also read: Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar $20 Million to Develop New ASIC Chip Squire Mining Ltd., a Canada-based investment company focused on global resource exploration…

Read More

High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US

high profile thai crypto case bitcoiner lost over 5500 btc ringleader fled to us

News A high-profile crypto case involving a well-known actor and model has come to public attention in Thailand following the enforcement of the country’s crypto regulations. Over 5,564 BTC were reportedly stolen from a bitcoin millionaire. The alleged ringleader has fled to the U.S. Thailand’s main crypto regulator is cooperating with the police on the case. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space High-Profile Crypto Case Actor Jiratpisit Jaravijit a.k.a. “Boom”. A high-profile crypto fraud case has recently gained public attention in Thailand following the implementation of the…

Read More

Cryptocurrency—The World of Virtual Coins

cryptocurrency the world of virtual coins

Cryptocurrency has become worldwide famous among the people. Many believe that investing in cryptocurrency will generate more revenue this year. Many people have internet access today, which is one of the reasons why investing in cryptocurrency is increasing day by day. Virtual Coins Virtual coins are known as a dispersing electronic form of currency that does not have any presence in physical form. Virtual coins are a specific form of digital currency/money that uses an encryption method to make the transaction secure and control forming new units. Cryptocurrency such as digitals…

Read More

India Crypto Regulations Hopefully Finalized by End of 2018

india crypto regulations hopefully finalized by end of 2018

India has been weighing its regulations on cryptocurrency for the past few months and it seems the government will finally come to a conclusion about blockchain and digital currencies by the end of 2018, Quartz India reports. India Crypto Regulations The Finance Ministry Panel in India is still evaluating how to treat blockchain and cryptocurrencies separately. The crypto ban in the country was first announced back in early April of this year, but the country’s regulators didn’t act on anything until July. All of India’s crypto ban announcements have come…

Read More