Thai SEC schedules hearings to address crypto investor qualifications

A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors that want to open a crypto trading account, local news agency The Bangkok Post reports Feb. 15. By initiating the new qualification system, Thai SEC intends to ensure that new retail investors moving into crypto trading have sufficient financial resources to absorb risks from highly volatile prices of crypto. Thai SEC’s secretary-general…

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Institutions Not Worried About Bitcoin Dropping Below $40K, Options Data Shows

Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the options market. “There is still an absence of any institutional long-term hedging. In fact, funds continue to take advantage of selling June-December expiry put options at strikes below $40,000,” Deribit Insights said in a tweet thread…

Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’ – Bitcoin News

Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions. On Sunday the price of bitcoin dropped -7.64% after touching a lifetime price high at $49,715 and then slid to $45,915. As trading sessions entered into Monday, BTC has regained some of the losses as it jumped northbound 4.62%. Crypto Markets Shrug Off the Recent Dip Bitcoin (BTC) and a slew of digital assets saw some significant losses yesterday, after a few crypto assets touched new all-time highs (ATH). BTC has been…

Fighting money laundering in crypto, explained

Given how many transactions are made on blockchains every day at high speed, automation is key. Manual monitoring is impractical because of these dizzying volumes. Analytics services such as Crystal work to automate this monitoring process with 24/7 updates, so crypto businesses (as well as banks and financial institutions whose clients deal in crypto) can be alerted immediately when something is believed to be wrong. Recent guidelines released by the Financial Action Task Force (FATF) show there are a combination of red flag indicators to be watched for when it…

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India crypto ban is like banning internet, says former Coinbase CTO

Former Coinbase CTO Balaji Srinivasan thinks India’s impending cryptocurrency ban would be akin to banning the internet and could cost the country trillions in potential profits. Speaking in an interview with The CapTable, Srinivasan said a blanket ban on Bitcoin (BTC) and other cryptocurrencies would simply redirect trade revenue into nearby Asian markets, amounting to a “trillion-dollar” mistake for India: “It’s really important that the ban (India’s plan to ban owning, trading, mining or investing in cryptocurrency) should not go through. It would be a trillion-dollar mistake for India, without…

Why did Bitcoin and ETH price correct sharply overnight?

In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance. BTC/USDT 15-minute price chart (Binance). Source: TradingView.com Most of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But altcoins like XRP, EOS and Litecoin (LTC) also saw large liquidations as the market plummeted. Liquidations across crypto exchanges. Source: Twitter @CryptoRank_io The lion’s share of the liquidations happened on Binance, while Bitfinex saw the least. This…

New Emerging Markets Fund Targets Blockchain Startups

Asset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving blockchain innovation in emerging markets.   The Arcanum Emerging Technologies Fund is to be the first of a series, with an initial close expected in late February, according to a company statement. The fund will provide seed and series A financing to blockchain firms in emerging markets, the companies said in a statement on Monday.  According to James McDowall, a founding partner at Arcanum, the fund is geared towards finding, supporting as…