Thailand

In a bid to curb semiconductor smuggling into China, the US government is considering restrictions on the export of AI chips, including those produced by Nvidia Corp. (NASDAQ:NVDA), to Malaysia and Thailand. What Happened: According to a report, a draft rule from the Commerce ...

Kasikornbank  (OTC:KPCPY)  and SCBX, two of Thailand’s largest banks, are diving into stablecoin-powered remittance services to enhance cross-border transactions. Kasikornbank recently partnered with Japan's G.U. Group to explore stablecoin solutions for remittances between the two...

Coinbase Global Inc. (NASDAQ:COIN) is advancing its Southeast Asian expansion through stablecoin initiatives in Thailand and the Philippines, as cryptocurrency markets reach new heights amid expectations of a more crypto-friendly U.S. administration. What Happened: Jesse Pollak, founder of Base and...

Thailand authorities have uncovered an illicit Bitcoin (CRYPTO: BTC) mining operation, believed to be the cause behind a series of power outages. What Happened: A combined force of local police and officials from the Provincial Electricity Authorities (PEA) carried out a raid on a house in...

Thailand’s investigation into discounts from Chinese EV maker BYD Company (OTC:BYDYY) will continue despite a cash-back program initiated by its distributor, Rever Automotive, after backlash from consumers complaining that they overpaid for their electric vehicles (EVs). Thailand, a major...

Alibaba Group Holding Ltd.‘s (NYSE:BABA) online shopping platform Lazada Group has denied reports of the parent company planning to sell its Thailand unit. The company refuted rumors of discussions with potential investors. According to Crunchbase data, in 2023, Alibaba invested $845 million...

In a bid to replicate the success of its South Korean hit ‘Squid Game’, Netflix Inc. (NASDAQ:NFLX) is boosting its local content production in Southeast Asia. What Happened: Netflix is increasing its investment in original programming in Southeast Asia, particularly in Indonesia and...

Bitcoin (CRYPTO: BTC) prices are on a tear, approaching record highs after BlackRock‘s (NYSE:BLK) Bitcoin spot ETF achieved record-breaking inflows. The price of Bitcoin touched $70,999 earlier today, currently sitting at $70,576, up 2.1% over the past 24 hours. Other major cryptocurrencies...

Microsoft Corp (NASDAQ:MSFT) has announced a $2.2 billion investment in Malaysia’s cloud and artificial intelligence (AI) services over the next four years. What Happened: Microsoft’s investment is its largest in Malaysia in 32 years. The investment will be used to expand cloud and AI...

In a bid to bolster its fight against online crime, Thailand has resolved to block access to unauthorized cryptocurrency platforms. What Happened: The decision was reached after a meeting of the Technology Crime Prevention and Suppression Committee, CoinDesk reported on Monday. The Securities and...

The cryptocurrency investment landscape witnessed significant activity with total net inflows into Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) reaching $505 million on Monday. The day's transactions on March 11 revealed a mixed picture of investor behavior, according to data...

Thailand's Securities and Exchange Commission (SEC) has initiated legal proceedings against Ekkalarp Yimwilai, the former director and CEO of cryptocurrency exchange Zipmex Thailand, for allegedly making false statements and concealing information crucial to the public. What Happened: The...

Cryptocurrency platform Zipmex is offering to compensate its creditors as part of its recent restructuring effort. As for what the compensation rate will be remains uncertain. What Happened: The Singapore-based company is proposing 3.35 cents per dollar, but the rate might increase to 29.35 cents...

Gulf Energy Development Public Company Ltd. announced on Thursday its joint venture with Binance (CRYPTO: BNB), named Gulf Binance Company Ltd. (Gulf Binance), received approval from the Securities and Exchange Commission in Thailand to commence its digital asset business....

Thailand is on the verge of a major financial investment from three of the world’s tech giants, Amazon Web Services (AWS) (NASDAQ:AMZN), Google (NASDAQ:GOOGL) (NASDAQ:GOOG), and Microsoft (NASDAQ:MSFT). The investment, worth a staggering $8.5 billion, is set to significantly advance the...