Fun

News Feed - 2023-08-23 11:08:47

Helen Partz9 hours agoThailand’s next prime minister Srettha Thavisin has crypto historyThavisin was once CEO of Sansiri, one of Thailand’s largest real estate firms, known for backing crypto projects like XSpring.1861 Total views18 Total sharesListen to article 0:00NewsJoin us on social networksOn Aug. 22, Thailand’s parliament elected real estate tycoon Srettha Thavisin as the country’s next prime minister. Thavisin is best known as the former president and CEO of Sansiri, one of Thailand"s largest real estate developers, which also has some background in cryptocurrency.


Thavisin was the only candidate nominated by the Pheu Thai Party, receiving 482 votes out of a possible 747 in Thailand’s parliament.


His victory could potentially have implications for the cryptocurrency industry in Thailand, as Sansiri was an active investor in the country’s digital asset industry. Thavisin quit as Sansiri CEO in April 2023 amid speculation that he would be named Thailand’s next PM. He also let go of his 4.4% stake in Sansiri at the time.Former Sansiri CEO Srettha Thavisin. Source: AP News


In 2021, Sansiri participated in a $225 million raise for a crypto-friendly investment management firm XSpring Capital. Subsequently, XSpring launched a fully integrated cryptocurrency trading platform in 2022. The firm hopes to become a top-three company in the crypto exchange market by 2025.


Apart from backing major crypto projects in Thailand, Thavisin’s Sansiri is also known for issuing and distributing its own token through XSpring in 2022. Called SiriHub Token, the digital asset is part of a real estate-backed initial coin offering that offered a total of 240 million tokens to the general public in 2022.


In April 2023, the Pheu Thai Party — which Thavisin joined in November 2022 — proposed distributing money to Thai citizens if it won the election, specifically giving people 10,000 Thai baht ($285) and sending the amount using digital currency.


With Thavisin’s government expected to assume office by the end of September, it remains to be seen whether his crypto-related background will impact Thailand’s crypto policies.


Related:Thailand threatens Facebook over crypto scams and other fraudulent ads


Days ahead of the vote, Thavisin took to X (formerly known as Twitter) to stress that he was participating in the elections because he wanted to “improve the country and the economy.” He added:“My enemies are poverty and the inequality of the people. My goal is the well-being of all Thai people.”


The news comes a few months after Thailand’s cabinet decided to offer tax breaks for corporate income tax and value-added tax for companies that issue investment tokens. Announcing the initiative in March, Deputy Government Spokesman Rachada Dhnadirek said that the government expects investment token offerings to generate 128 billion baht ($3.7 billion) over the next two years.


Magazine: Asia Express: China’s risky Bitcoin court decision, is Huobi in trouble or not?# Bitcoin# Cryptocurrencies# Government# Thailand# Investments# RegulationAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingHow to put words into a Bitcoin address? Here’s how vanity addresses workEU Data Act smart contract ‘kill switch’ brings uncertainty

News Feed

US Senate passes resolution overturning SEC crypto rule on banks
Turner Wright6 hours agoUS Senate passes resolution overturning SEC crypto rule on banksU.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep cust
Tom Blackstone11 hours agoWormhole integrates native USDC transfers for four blockchain networksWormhole integrated with Circle’s Cross-Chain Transfer Protocol, allowing USDC to be sent between Ethereum, Avalanche, Arb
Montenegrin court postpones Do Kwon’s extradition to South Korea
Turner Wright8 hours agoMontenegrin court postpones Do Kwon’s extradition to South KoreaDo Kwon faces fraud charges in the United States and South Korea as authorities compete to extradite the Terraform Labs co-founder
Bitcoin crosses $66K as traders eye 2 key indicators for $70K target
Ciaran Lyons6 hours agoBitcoin crosses $66K as traders eye 2 key indicators for $70K targetThe Gann Fanns model and an emerging inverse head-and-shoulders pattern are at the top of traders’ minds as they try to determi
David Attlee15 minutes agoIndia puts forward suggestions for G20 crypto roadmapThe country emphasizes the necessity of dealing with digital assets’ risks for developing economies.74 Total viewsListen to article 0:00New
Biggest Movers: APE, XLM Move Close to 1-Month Highs
Biggest Movers: APE, XLM Move Close to 1-Month Highs Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token
Report: Blockchain and Crypto VC Investments Grew Almost Tenfold During 2021 in Latam
Report: Blockchain and Crypto VC Investments Grew Almost Tenfold During 2021 in Latam A new report issued by LAVCA, the Association for Private Capital Investment in Latin America,
Elon Musk’s $258 Billion Dogecoin Lawsuit Grows as New Defendants, DOGE Investors Join
Elon Musk"s $258 Billion Dogecoin Lawsuit Grows as New Defendants, DOGE Investors Join The $258 billion lawsuit filed against Elon Musk, Tesla, and Spacex over their dogecoin promo
Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange
Despite Negative Press, Binance Is Still the World"s Largest Crypto Spot and Derivatives Exchange While Binance has had a few issues with payment service provide
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise t
Wealth manager Cetera adds spot BTC ETFs to it platform, with training
Derek Andersen7 hours agoWealth manager Cetera adds spot BTC ETFs to it platform, with trainingThe large wealth management firm chose four Bitcoin ETFs for its professionals to offer to their clients.3041 Total views7 To
Bitcoin and Ether lead $17.8B crypto inflows
Zoltan Vardai14 hours agoBitcoin and Ether lead $17.8B crypto inflowsBitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation o