Mixed messages are still coming from Thailand with regard to the cryptocurrency industry in the Kingdom. This week the Thai Securities and Exchange Commission stated that at least one ICO portal will be certified this month, while the Deputy Prime Minister has called for more control over cryptos. According to reports in the Bangkok Post…
The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance. Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process. Thai Government Announces Plan to Use Blockchain Technology to Improve Tax Collection System The…
The initial coin offering frenzy took over a young and inexperienced crypto market in 2017. People were putting in a large amount of money in projects that had no legal, banking or regulatory approvals. Releasing a mere whitepaper and a website could ensure entrepreneurs easy access to capital. But whether they would release their product…
In recent months, an increasing number of engineers and developers announced that they are leaving established Silicon Valley tech companies in search for new opportunities in the world of blockchain and crypto. Firms like Facebook, Apple, Google, Netflix, and Amazon are all viewed as target companies for most engineers. However, even these giants are rapidly…
A crypto project has revived the investors’ trust in initial coin offerings by raking in $19.5 million via crowdfunding. Caspian, a Cayman Island-based project, achieved its hard cap before the set date, implying a successful kick-start for the development of its institutional crypto trading platform. A beta-testing round of the platform is live already, which…
Online Swiss bank Swissquote announced the launch of its ICO offering, becoming the first bank worldwide to allow customers to buy tokens issued within an initial coin offering (ICO) supported by the Swissquote platform. Swiss Diamond Producer Set to Raise $60.73 Million in First Bank-Mediated ICO Ever As the financial industry adapts to the emerging…
The U.S. Securities and Exchange Commission (SEC) has announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub) to promote public engagement on fintech-related issues and initiatives, including blockchain technology and cryptocurrencies. SEC Launches FinHub Portal in Connection with the Issuance of Its DAO Report FinHub, which replaces several internal working groups at…
World number two tennis professional, Caroline Wozniacki plans to issue her own digital token with celebrity blockchain platform Global Crypto Offering Exchange (GCOX). Fans of the Danish ace will eventually be able to trade the tokens for various exclusive perks. Celebrity Tokens: Next Big Thing or Blatant Attempt to Cash In? Tennis professional Wozniacki has…
Crypto and blockchains startups, even those that hold great promise, have sadly received the full brunt of 2018’s dismal market conditions, resulting in a widespread loss of clients and investment interest. For example, freshly-printed studies have revealed that Coinbase, widely regarded as this industry’s golden child, saw 80% of its U.S.-based customer base dissipate, resulting in…
Pantera Capital’s Digital Asset Fund has sunk in value since it began in December 2017. A report which surfaced on social media revealed that the U.S. investment firm negated 40.8 percent returns to its investors to date. The figures contributed to the fund’s year-to-date losses, which rose to 72.7 percent. The fund’s compound annual growth…