Business

Strict Thai crypto regulation causes SCB to delay Bitkub acquisition

[ad_1] Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations.As reported by Cointelegraph in November 2021, SCB X Group, a subsidiary of Siam Commercial Bank (SCB), was set to acquire a 51% stake in Bitkub by the second quarter of 2022 as part of a plan to become a regional fintech. Now things seem to have taken a twist, as the bank
ALTCOIN

Dogecoin launches new update to improve security and efficiency

[ad_1] The developers of the Dogecoin (DOGE) project have released a new update for the core software, which improves security, efficiency and user interface.This latest update, Dogecoin Core 1.14.6, went live early on Thursday, and all the network participants were urged to upgrade to the latest version. The new update comprises numerous security fixes, modifications to the existing fee structure and several new features.A change in the wallet backup directory's
Business

Australian regulator trials auto take-down of crypto scam sites

[ad_1] Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens of scam sites, including crypto scams, knocked offline after more than 300 were reported.The ACCC reported that Australians had lost $113 million in cryptocurrency scams last year. The new trial will be in partnership with the Australian Securities and Investment Commission (ASIC) and will focus
Business

How to get gamers to accept the integration of NFTs

[ad_1] Crypto research firm Delphi Digital has outlined possible ways in which gamers may accept nonfungible tokens (NFTs) as part of their gameplay experience, such as using the tech for additional aspects that don’t impact the core experience.The lengthy report was published by Delphi Digital on Wednesday and explores how NFTs can be incorporated into games without impacting the core gaming experience or “true competitive play” that gamers tend to
BLOCKCHAIN

Crypto use an aggravating factor for sentencing: Aussie court study

[ad_1] Criminals that used cryptocurrency as part of committing a crime are more likely to receive a tougher sentence in Australian courts, a new study has found. The study, titled “Crime and Cryptocurrency in Australian Courts” published on July 18 in the Monash University Law Review found that the use of cryptocurrency in criminal activity was seen as indicating an increased “degree of planning” and sophistication, leading the court to “consider