Kasikornbank (KBank) is exploring an innovative form of services called decentralised finance (DeFi) using blockchain and independent of central financial intermediaries as it tries to grow its business regionally via the digital platform.
According to Ruangroj Poonpol, chairman of Kasikorn Business Technology Group (KBTG), a tech arm of KBank, KBTG recently established a subsidiary called Kubix to operate as an initial coin offering portal for digital tokens in a collaboration with the Stock Exchange of Thailand.
DeFi is a blockchain-based form of finance that does not rely on brokerages, exchanges or banks to offer traditional financial instruments. …
New York, NY, April 10, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) Only two months after the cryptocurrency market capitalization exceeded $1 trillion, it doubled itself and made the milestone of $2 trillion in early April, bringing the whole world’s attention to the cryptocurrency market again.
There is no doubt that cryptocurrency is gaining momentum globally, and the crypto world remains an industry full of possibilities. With Bitcoin’s price skyrocketed since last year and the DeFi market fully bloomed, insightful players are unlocking boundless potentials, and this is exactly what BitMart aims to help its users achieve as a premier…
Cryptocurrency is red hot, but if you’re looking to get in on the action, you can’t buy it on the stock market through a standard brokerage account like you would with an index fund or a share of Amazon.
Cryptocurrency like Bitcoin is traded on special exchanges like Etoro, CoinBase and BlockFi.
The biggest exchange in the world by far is called Binance.
It’s so big, in fact, that a “native” cryptocurrency called Binance Coin was developed just to make it easier to pay for the site’s services.
If you’re not familiar with crypto exchanges, the following numbers might not…
State Street, one of the world’s biggest asset managers, is tiptoeing into the crypto market by forging a deal to lend its trading technology to a digital currency trading venue.
The US-based financial group said on Thursday it would partner with Pure Digital, a start-up that aims to be the main institutional platform for bitcoin.
The new trading venue will offer cash cryptocurrency trading for investors through their existing bank relationships, with State Street’s Currenex platform providing the underlying technology.
The venue is set to…
(Bloomberg) — Cryptocurrency-mining company Riot Blockchain Inc. said it will buy North America’s largest Bitcoin hosting facility, Whinstone U.S. Inc., for about $651 million in cash and stock.
Riot Blockchain will purchase all of Rockdale, Texas-based Whinstone’s assets and operations for $80 million in cash plus a fixed 11.8 million shares of Riot common stock, according to a statement released Thursday.
Whinstone will be the “foundation” of the company’s Bitcoin mining operations, Riot Chief Executive Officer Jason Les said in the statement.
Riot anticipates the purchase will make it the largest publicly-traded Bitcoin mining and hosting company in North America…
Cardano’s recent full decentralisation will fuel its appeal and price, better positioning it to take on rivals Bitcoin and Ethereum in the booming cryptocurrency market, predicts deVere Group CEO and founder Nigel Green.
His prediction comes as Cardano (ADA) last week became a fully-fledged community-run network.
Green said: “The price of Cardano has exploded over the last few months — up around 600% since the beginning of the year, recently making it the third largest cryptocurrency by market capitalisation after Bitcoin and Ethereum.
This milestone will help Cardano better position itself to challenge major rivals in the cryptoverse.”
Atichanan Pulges first became interested in cryptocurrencies a decade ago when he was an engineering student in Los Angeles. Mining Bitcoin was a way for the Bangkok native to learn about markets and pay his rent.
Now back in Thailand after a stint at Goldman Sachs Group, Atichanan is a co-founder of the nation’s largest licensed cryptocurrency exchange. He’s also on the front lines of an intensifying debate over who should be allowed to buy digital assets in Southeast Asia’s second-largest economy.
Thailand’s Securities and Exchange Commission, alarmed by a sixfold surge in domestic crypto trading since November, said on…
WazirX, the most trusted cryptocurrency exchange of India today launches its own decentralized NFT marketplace.
Yes, you read it right, WazirX team is doing its best to bring new features for the users.
Siddharth Menon, the CoFounder at WazirX today announces that WazirX will launch its own NFT marketplace.
We want to bring the future of internet to India.
India has always been known for art & culture and we hope to spread this to the new virtual world.”
A Sydney man has been sentenced to 16 months in jail for using cryptocurrency and a series of stolen identities to launder money.
The 46-year-old set up cryptocurrency accounts in seven different names using stolen identity details, and deposited Bitcoin into each.
He used an ATM service of cryptocurrency provider BitRocket, which allows customers to withdraw Australian dollars from their Bitcoin accounts, to withdraw $43,350 in total across numerous transactions.
The man was arrested in June 2020 while withdrawing money at one of the ATMs, after the cryptocurrency company tipped off police to suspicious transactions.
Police had established the same…
MIAMI — (BUSINESS WIRE) — Bursor & Fisher, P.A., a consumer rights litigation firm, announces that a lawsuit is pending in the Middle District of Florida that alleges that MCO Malta Dax Limited (d/b/a Crypto.com), Foris Dax Global Limited (d/b/a Crypto.com), Foris Dax, Inc., Foris, Inc. (collectively “Crypto.com”), and Payward, Inc. d/b/a Kraken (“Kraken”) “participated in the sale of XRP [and] has engaged in the unlawful offer and sale of securities in violation of Sections 5(a) and 5(c) of the Securities Act of 1933 (“Securities Act”). 15 U.S.C. §§ 77e(a) and 77e(c).”
The lawsuit alleges claims for Unregistered Offer and…