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Search Result for “currency”

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BUSINESS

Zipmex crisis creates toxic Thai legacy

Business, Poonyapat Luenam, Published on 12/08/2022

» Smith Chayavorakul had been investing in cryptocurrency for eight months, riding the boom-and-bust cycle of market prices. But things changed when the Singapore-based crypto exchange Zipmex prevented investors from making withdrawals after it was caught in the market meltdown.

BUSINESS

Bitkub and Circle team up for USDC

Business, Poonyapat Luenam, Published on 19/07/2022

» Bitkub has joined hands with Circle, a peer-to-peer payment platform developer, to promote the digital stablecoin USDC in Thailand.

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BUSINESS

Crypto bankruptcy adds to Thai woes

Business, Poonyapat Luenam, Published on 16/07/2022

» The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.

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BUSINESS

Voyager Digital goes bust after loan default

Business, Poonyapat Luenam, Published on 08/07/2022

» Voyager Digital, a major cryptocurrency investment firm, declared bankruptcy on July 6 after crypto hedge fund Three Arrow Capital (3AC) defaulted on a US$650 million loan.