Cryptocurrency

Thailand's SEC Considers Spot Bitcoin ETFs and Stablecoins

Wednesday. January 15 at 3:00 PM

1 min. read

Thailand's Securities and Exchange Commission (SEC) is contemplating the approval of spot Bitcoin exchange-traded funds (ETFs) on local exchanges. The SEC Secretary-General mentioned the need to adapt to the increasing global adoption of cryptocurrencies and provide investors with more options while ensuring proper protection. Although Thailand already has exposure to overseas spot Bitcoin ETFs through a fund-of-funds, direct Bitcoin ETF listings are currently restricted. Additionally, the SEC is exploring the possibility of allowing firms with strong credit ratings to issue stablecoins backed by corporate bonds to enhance access to debt markets. Meanwhile, Thailand's Technology Crime Suppression Division plans to propose the closure of Polymarket, a cryptocurrency prediction market, due to concerns about crypto gambling complicating law enforcement efforts. Despite regulatory challenges, Polymarket continues to operate and has seen significant trading volume, including in the Super Bowl Championship 2025 market.

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Thailand's SEC Considers Spot Bitcoin ETFs and Stablecoins

Wednesday. January 15 at 3:00 PM

Cryptocurrency

UK Government Considers Ban on Ransomware Payments

Wednesday. January 15 at 2:00 PM

The UK government is contemplating a ban on ransomware payments to safeguard critical national infrastructure. The Home Office proposed a targeted ban on ransom payments for public sector bodies and essential services like energy and healthcare. This initiative aims to deter cybercriminals who often demand cryptocurrency payments. Australia and the US have also explored similar bans in response to cyberattacks. Security Minister Dan Jarvis emphasized the importance of cutting off financial resources for criminal networks. The proposals include a ransomware payment prevention regime and mandatory reporting of incidents to enhance law enforcement efforts. The consultation will continue until April 8, with a focus on protecting essential services from cyber threats. The National Cyber Security Centre reported a significant increase in ransomware attacks, highlighting the urgent need for preventive measures.

Cryptocurrency

Growing Threat of North Korean Cryptocurrency Hackers

Wednesday. January 15 at 8:00 AM

The United States, Japan, and South Korea have jointly issued a warning about the increasing danger posed by cryptocurrency hackers linked to North Korea. Suspected groups like the Lazarus Group are believed to be behind major cyber thefts in the Web3 realm, including the $600 million Ronin network hack and the $230 million WazirX exchange hack. These hackers now pose a serious risk to the global financial system's integrity and stability, aiming to fund North Korea's missile programs through cryptocurrency theft. The three nations emphasize the need for collaboration between public and private sectors to combat these cybercrimes effectively. Recent sanctions by South Korea against North Koreans involved in cryptocurrency heists highlight the growing threat. North Korean hackers have been responsible for significant crypto hacks, stealing over $1.34 billion in digital assets in 2024 alone. The rise in sophisticated attacks indicates an improvement in their methods, with more lucrative exploits becoming common.

Cryptocurrency

Semler Scientific Increases Bitcoin Holdings

Tuesday. January 14 at 10:00 PM

Semler Scientific has acquired an additional 237 Bitcoin for around $23 million, bringing their total holdings to 2,321 BTC valued at nearly $192 million. The company purchased the BTC at an average cost of less than $83,000 using funds from stock sales and cash flow. By issuing over $120 million in stock, Semler has boosted its 'Bitcoin yield' from 72.6% to 99.3%. This metric measures the ratio of BTC holdings to outstanding shares, reflecting the company's performance. CEO Doug Murphy-Chutorian emphasized Semler's focus on acquiring and holding Bitcoin to drive growth. The concept of 'Bitcoin yield' was popularized by MicroStrategy, whose stock has surged by 2,000% since investing in BTC. Other companies like Hoth Therapeutics and Genius Group have also followed suit. With corporate treasuries collectively holding over $54 billion in BTC, Semler ranks 13th among public companies. Investment managers are increasingly turning to Bitcoin as a hedge against inflation and fiscal uncertainty in the US.

Cryptocurrency