Tag: Business

Nasdaq Traded Monaker Group Enters Thai Market after Acquiring ICO Portal Longroot

Nasdaq Traded Monaker Group Enters Thai Market after Acquiring ICO Portal Longroot

Thailand’s crypto market is one of the least accessible to international companies in the region due to its strict and regularly-changing laws. Currently, only licensed crypto businesses are allowed to operate within its borders under several classifications, crypto exchanges and ICO portals being two of them. According to a press release, licensed company Longroot, which […]

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Huobi Considering Buyover of South Korea’s Largest Crypto Exchange Bithumb

Huobi Considering Buyover of South Korea’s Largest Crypto Exchange Bithumb

Major Singapore-registered centralized crypto exchange Huobi, under the Huobi Group, is in the midst of acquiring beleaguered South Korea digital assets exchange Bithumb, according to local media The Bell. Bithumb is the country’s largest crypto exchange, but has been plagued with legal troubles since the start of the year as South Korea attempts to navigate […]

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Thai SEC Enables Brokerages to Hold Crypto as Net Capital Reserve

Thai SEC Enables Brokerages to Hold Crypto as Net Capital Reserve

Thailand’s Securities and Exchange Commission (SEC) decided to follow the regulatory guillotine to adjust the standard of the Net Capital (NC) to accommodate the digital assets related businesses. The Thai SEC has updated the standard of the Net Capital (NC) for the stocks and derivatives brokers operating in the Kingdom where digital assets, including cryptocurrencies, […]

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US PayPal Users Can Now Trade Cryptocurrency on Platform

US PayPal Users Can Now Trade Cryptocurrency on Platform

A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account. PayPal has announced the official launch of Bitcoin buying, selling and trading on its platform for US customers only. Having revealed its plans to integrate cryptocurrency payments only last month, PayPal has worked swiftly to make […]

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Crypto Trading Platform 3Commas Selects $3M Investment Offer by Alameda Research

Crypto Trading Platform 3Commas Selects $3M Investment Offer by Alameda Research

Founder of crypto derivatives trading platform FTX Sam Bankman-Fried has just committed $3 million in funds to 3commas under Alameda Research. 3commas, a crypto asset management and aggregation platform, chose to go with Alameda Research in spite of multiple offers by other VC firms as they felt that the firm and Bankman-Fried was most aligned […]

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