Recent reports from Thailand reveal that the country’s regulator, the SEC, had granted a crypto trading license to yet another exchange — Zipmex.
Thai SEC just licensed another crypto trading platform
The crypto situation in Thailand continues to develop, as the country recently received yet another licensed crypto exchange, which brings the total number of exchanges to six. According to the Thai SEC’s announcement, the newest trading platform to receive a trading license for Bitcoin is known as Zipmex.
Zipmex’s arrival to the Thai crypto scene brought even more competition to the country’s developing crypto sector. The SEC’s new move comes after the regulator recently announced that it plans to update the list of companies that were granted a license for digital asset trading.
The regulator’s website shows that it had followed through with the announcement, and Zipmex is now officially on the list of licensed crypto trading services. It is the sixth exchange to receive such a license, after BX, Satang Pro, Bitkub, Bitherb, and Huobi.
The company’s website has yet to reveal when the service might start operations, although there is an announcement that says “Get ready to meet Zipmex soon,” so it can be assumed that the exchange might launch in the near future.
Competition heats up in Thailand
As mentioned, Bx was Thailand’s oldest Bitcoin trading platform, although it is no longer operational. It announced its shutdown on September 30, 2019, giving its customers a month to withdraw their funds before the exchange closes shop on November 1st.
The company allegedly decided to “focus on other business opportunities,” which is why it announced that it will not request a license to continue operating in 2020. However, its shutdown left a major hole in Thailand’s crypto market, which led to a lot of competition in the country’s crypto sector.
Other exchanges saw an opportunity to take the lead, and so they started working on changing their strategies and hoping to outperform the competition. In other words, Zipmex is entering a highly competitive market which might end up being rather ruthless to an emerging exchange.
With cryptocurrency already having a legal status in Thailand, the country has attracted a lot of attention from crypto investors and crypto-business owners from around the world. The new development signals that the country is ready for a crypto revolution of its own, and it is likely that a number of new businesses might start emerging in Thailand in the near future.
The SEC itself promised in late 2019 that it plans to amend the current royal decree on crypto-related activities. In other words, the regulator wants to become more flexible, and stimulate the growth of the crypto sector by protecting investors from unnecessary risks, and even allowing a possible increase in digital assets.
Do you think that Zipmex receiving a license signals a major change for the country’s crypto scene? Add your thoughts below.
Image via Shutterstock The post appeared first on Bitcoinist.com. origin »
Crypto news: Another day, another dollar. And as the Bitcoin (BTC) price went on a 15% romp, the US-led war on crypto took a sinister twist. Former Coinbase CTO Balaji Srinivasan warned that if G7 nations allow crypto seizures, big tech companies could assist law enforcement organizations.
Crypto news: Another day, another dollar. And as the Bitcoin (BTC) price went on a 15% romp, the US-led war on crypto took a sinister twist. Former Coinbase CTO Balaji Srinivasan warned that if G7 nations allow crypto seizures, Big Tech companies could assist law enforcement organizations.
If current indicators are anything to go by, China may be in for another much-anticipated massive appearance on the global crypto market in the coming months through its most popular special administrative region, Hong Kong.
Cryptocurrencies impact the way consumers and businesses – in the US and beyond – interact with financial institutions, the planet and one another. However, crypto remains an abstract, misunderstood concept.
Another week, another round of Crypto Tidbits. Bitcoin has performed extremely well over the past week, managing to rally as high as $7,800, which is a pre-crash level, just the other day in a move that liquidated $70 million worth of short positions.
YouTube conducted another crypto purge, penalizing a handful of prominent creators—including Ivan on Tech, Crypto Wendy O, Chico Crypto, and others. The platform seems to be targeting sensationalist videos which...The post YouTube Purges Another Round of Crypto Channels appeared first on Crypto Briefing.
Reddit user b1tcc brought light to a new scam that is making the rounds on the crypto market. The scam is apparently called StellarPay and is made by the same people who were responsible for similar shady Stellar-based projects like StellarActivity and Stellar Dolphin.
Market Wrap Crypto markets pulling back again; Ethereum, Bitcoin Cash and Cardano sliding, Tron going strong. A predictable pump and dump cycle appears to be forming in consolidating crypto markets.
Another day sees more flippenings in the crypto market cap charts as the top ten digital currencies jockey for position. Today it is Tron’s turn as it climbs the chart and makes gains while those around it are in the red again.
EO. Finance is a Crypto & Fiat wallet which supports more than 40 currencies as well as credit and debit card transactions. It is part of a wider ecosystem of products which compliment one and another to create an all encompassing ecosystem for the crypto community.
Hong Kong Startup To Offer Physical Bitcoin, Ethereum Futures (With Leverage!) Per a recent piece from Bloomberg, the “contest” for physically-delivered Bitcoin futures is heating up, as another contender has entered the fray.
Decentralized exchange Bisq has upgraded its software with an entirely new User Interface (UI) design and the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet.
FOMO Moments Crypto markets making moves on Monday; Litecoin, Cardano and Neo racing ahead, Ethereum sluggish. Another crypto market rally has greeted us this Monday morning as $7 billion flowed back into digital currencies over the past 24 hours.
FOMO Moments Crypto markets immobile on Sunday; Litecoin leading, Cardano recovering. There has been another slight pullback on crypto markets this Sunday as a range bound channel starts to form.
By now, we’ve just about heard it all from crypto skeptics. From some of the world’s wealthiest investors such as Warren Buffet to economists such as Nouriel Roubini. This time, however, the skepticism is coming from another party: the Indian police.
BitTorrent Inc. is all set to create waves in the world of content creation and distribution. The leading platform in peer-to-peer products and protocols announced yesterday that it is launching a crypto token.
Mimblewimble Protocol Goes Live With The Launch Of BEAM Cryptocurrency Thursday 2rd January 2018 marks the day BEAM, the scalable and confidential cryptocurrency officially launches under the highly anticipated ‘Mimblewimble‘ protocol.
January 3rd marks the birthday of a young digital currency. No, not that one. While most eyes are on the Bitcoin decennial, another cryptocurrency is also blowing out a candle. Rootstock, a smart contract side chain to the Bitcoin blockchain, celebrates its first anniversary today, marking one full year in the project to integrate Ethereum-like […]
The post Rootstock Celebrates A Year Of Milestones appeared first on Crypto Briefing.
FOMO Moments Crypto markets moving slowly higher; Ethereum leading, Iota, Monero and Maker doing well. Crypto markets have continued their slow march upwards for another day. Gains are minimal but digital currencies are gaining at the moment as total market capitalization stays above $130 billion.
As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.
It is the first day of 2019, and there are many days ahead that could decide the progress of the cryptocurrency world. Most people take this first day to begin on New Year’s resolutions, which often focus on bettering themselves in one way or another.
Japanese e-commerce giant DMM. com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons.
Yes, the whole market tumbled down but Ethereum took heavier hits than most of its competitors which fueled the ETH objectors to resurface with their fists ready to take swings at the fallen giant.
Privacy coin Zcash is becoming more mainstream every day, as crypto investors increasingly look to shield their payments. If you don’t believe us, check out this waterfront property for sale on the Greek island of Lemnos, with a listing price of 180,000€ payable in euro or cryptocurrencies, including ZEC.
India hasn’t been the friendliest jurisdiction to cryptocurrencies. The crypto industry in the country has been involved in an endless row with the country’s Reserve Bank, and the RBI has thus far had the upper hand.
If we want to see another bull run where the crypto market explodes to over 1 trillion dollars, we need to have more use cases for the various cryptocurrencies out there. While there are quite a few high quality killer apps for Bitcoin and other coins, their userbase is nowhere near what it needs to […]
The post Top 7 Cryptocurrency Killer Apps appeared first on NullTX.
As 2018 draws to a close, many members of the crypto community will be happy that they made it through to the end of another volatile year. Many can still be heard repeating their mantra of “I believe in the tech” to anyone that will care to listen.
In yet another bizarre story to come out from within the crypto sector, a Georgia state senator was jailed a couple of days back for being involved with a fraudulent scheme that involved— you guessed it— ‘cryptocurrency’.
A recent survey carried out by Chinese crypto media outlet PANews shows that the Chinese people were not much deterred by the bear market. Almost all the respondents had heard of crypto and blockchain in one way or another.
FOMO Moments Crypto markets retreat after yesterday’s gains; Bitcoin Cash sliding back, Ethereum holding ground. Another day, another pullback. Yesterday’s big $10 billion pump could not be sustained and markets have retreated again this Sunday.
Some coins get more than their fair share of hate, but now there’s another way to make money when they crash. If you’re one of those hodlers who believes that XRP is another word for “Ripple,” or that “Bcash” is a valid move in Scrabble, then a set of new exchange offerings can make you […]
The post Go Long Or Go Home: New Margin Trades In EOS, XRP and Bitcoin Cash appeared first on Crypto Briefing.
Dutch crypto company Libereum has announced the acquisition of Spanish soccer club Elche CF, who are based in the province of Alicante. The move provides another sign that the crypto world’s interest in sports sponsorship and partnerships is growing.
Traditional banks often affirm that the crypto market is often used for money laundering and that it should be banned or sanctioned because of this. However, there are days in which the anti-bank rhetoric of the banks can be somewhat ironic.
Crypto Whale Moved 90 Million XRP On December 27 It seems that Christmas holidays are not stopping whales from moving funds from one wallet to another. This time, the XRP ledger has seen a 90,000,000 XRP transaction take place on December 27 from an unknown wallet to another unknown wallet. 90 million XRP is equal […]
The year 2018 for the crypto currency market was almost completely characterised by a downward trend and the bear market. While the crypto market gained a certain stability last week, the signs of a bull run now seem to be rather low again.
It’s not often that you hear of crypto founders standing up for one another, especially after a year marked by infighting and hash wars. So when one CEO sticks up for another, it proves that there are builders out there who are not only out for themselves.
In today’s edition of The Daily we feature the latest sports sponsorship by the cryptocurrency community. We also cover stories about new statistics on bitcoin usage in Israel, mining malware growth during 2018, and another bank blockchain patent.
December 2018 seems to have come into existed with a bang as the crypto community scrambles to decode the meaning of the recent crypto mega transfers. But if the recent transfers have made people’s jaws drop, the events of today will leave their heads itching for a scratch.
Major banks are often spewing anti-crypto rhetoric over its potential to be used for money laundering. So it is a little ironic when one of the world’s largest banks gets fined for not doing enough to prevent or detect it.
EO. Finance is a licensed Crypto & Fiat wallet which supports more than 40 currencies as well as credit and debit card transactions. It is part of a wider ecosystem of products which compliment one and another to create a one-stop shop for the crypto community.
Vitalik Buterin continued his transformation from the mild-mannered Clark Kent of crypto to an avenging angel of Twitter fury, as he went on yet another tweetstorm over the Christmas holiday. This time, his target was the contentious Bitcoin Satoshi’s Vision project (BSV).
The GainBitcoin Ponzi scheme was among the most significant Bitcoin schemes to hit the crypto space. In addition to stirring up a new round of panic and accusations that the cryptocurrency community ought to be more properly regulated, this Ponzi scheme is linked to another scam which set the stage for the OneCoin MLM scam, […]
Why Is So Important To Spread Knowledge About Cryptocurrencies? The cryptocurrency market did not have a good year when we take a look at the price of the most popular virtual currencies. Due to this situation, several investors remained outside the market.
CoinSpeaker
Charitable Causes to Get Crypto Wealth from Coinbase CEO
The Giving Pledge has acquired another new member in Coinbase CEO Brian Armstrong. He has committed a significant part of his wealth to help others.
Coinbase, the largest exchange based in the United States and one of the most important crypto players in the financial world, has announced, via a blog post, that six new markets are to be opened in Europe.
Bitcoin Cash has traded higher in the past 24 hours, surging by more than 30% to lead top gainers among the largest coins by market capitalization. The price of Bitcoin Cash (BCH) rose to an intraday high of $391 during…
Trading volume on Pump.fun, a leading Solana-based token launchpad, plunged 63% in February following a string of high-profile memecoin scams that have eroded investor confidence. Pump.fun volume dropped from $119 billion in January to $44 billion in February, the lowest…
It’s another painful day for Litecoin’s traders and investors as the price plummets by 8% daily following a huge bloodbath overnight. LTC lost momentum and now looks highly bearish on the daily chart.
To comply with European regulations, Binance has stated that it will stop allowing users in the European Economic Area (EEA) to trade pairs involving stablecoins that do not comply with MiCA—basically, non-compliant stablecoins.
Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens. In a March 3 announcement Bitcoin Suisse stated that its clients can now trade and custody The Open Network (TON), Optimism…
ARB saw a little-to-no movement in the past week due to a serious volatility contraction. While this has caused lack of interest in the market, the price may explode massively when the volatility expands.
CME Group revealed the Solana (SOL) futures launch on Mar. 17, pending regulatory approval, citing increasing client demand. Nate Geraci, CEO of The ETF Store, noted that the development “definitely bodes well” for SOL exchange-traded fund (ETF) prospects.