New Crypto Rules in Thailand Could Require Traders to Show Income Before Opening Trading Accounts
Thailand seeks to introduce a new set of rules for retail crypto investors, specifically targeting those who want to open accounts. The Thai financial watchdog could require domestic crypto exchanges to ask traders for proof of income. Thai SEC Could Also Ask Crypto Investors to Prove Their Knowledge of the Market According to a Bloomberg report, the Securities and Exchange Commission (SEC) of Thailand is likely preparing the ground...
Bitcoin Futures Open Interest Hits $19 Billion, Harsh Intraday Swings, Analyst Says ‘Fresh Rally’ Expected
The start of the week saw digital currency markets drop significantly in value, as billions of dollars were shaved off the entire crypto economy’s capitalization. A weekly report from Luno and Arcane Research shows February 23 captured the third-largest bitcoin daily trade volume in crypto history, as spot market volume saw $18 billion change hands. Moreover, crypto derivatives are surging as bitcoin futures open interest commandeered...
Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor
Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb. 23, Lee forecast that bitcoin (BTC) will see increased price swings going forward, the local news agency Yonhap reported. ● “It is very difficult to predict the price, but its price will be extremely volatile,” said the bank chief in...
US Judge Dismisses Motion Against Bancor After Finding Allegations Inadequate to Give It Jurisdiction
A Manhattan federal judge has dismissed a securities fraud class action against Bancor after ruling that the plaintiff’s allegations were not enough to give the court jurisdiction. According to a report, the dismissal of the case against represents the first such ruling “in a suite of similar cases filed by crypto investors represented by Selendy & Gay and Roche Cyrulnik.” US Courts Have no Jurisdiction In their motion against...
Denuvo Cracker EMPRESS “Arrested”, Blames Repacker FitGirl & Reddit For Witch-Hunt
A couple of decades ago, online piracy was a relative niche pastime enjoyed by relatively few people. Dominated by music and software, consumers were largely grateful for whatever they could get their hands on, supplied by largely nameless individuals with a “sharing is caring” philosophy. Today, however, the landscape is dramatically different. Many pirates have become discerning consumers, demanding only the highest quality content...
