Thailand delays digital money handout, critics call for probe

Thailand’s planned digital wallet scheme that intends to payout 10,000 baht (~$274) to citizens over 16 years old has been delayed while critics call for a probe from the country’s electoral commission.

As originally reported by the Bangkok Post, Thailand’s deputy finance minister Julapun Amornvivat announced that the planned Feb. 2024 launch of a new digital wallet has been delayed to buy more time for the development of the system.

The Thai government hopes to use the wallet to issue 10,000 baht to eligible citizens in a bid to stimulate the local economy.

A statement from Amornvivat highlighted that the government wants more time to ensure the security of the system underpinning…

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Sam Bankman-Fried’s Trial Nearing End, Prosecution Set To Rest Case

The trial of crypto mogul Sam Bankman-Fried is wrapping up, with the prosecution expected to conclude their case on Oct. 26. The case has seen nearly 20 testimonies regarding an alleged $8 billion discrepancy between FTX and Alameda Research.

As reported by Cointelegraph, the lineup of witnesses over the past three weeks included former FTX employees, customers, investors, government officials, and law enforcement agents. The central argument of the case is that Bankman-Fried intentionally deceived them all.

The defense, led by lawyers Mark Cohen and Christian Everdell, is yet to confirm whether they will waive the case. Their presentation to the jury has reportedly been less…

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SEC has 3% -14% chance of success in Ripple appeal, lawyers predict

The United States Securities and Exchange Commission (SEC) has a very slim chance of winning the appeal against Ripple in the ongoing lawsuit, according to lawyer Bill Morgan, who has been closely following the lawsuit.

Morgan in a post on X (formerly Twitter) argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple.

I don’t see any obvious appellable error other than in Ripple’s favor in respect of ODL sales which don’t meet at least two prongs of the Howey test. The…

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Argentina's Pro-Bitcoin Presidential Candidate Javier Milei Forces Run-Off Election

In a surprising twist in Argentina’s presidential election, pro-Bitcoin candidate Javier Gerardo Milei has emerged as a formidable contender, forcing a run-off election against current Economy Minister Sergio Massa after the first round of voting.

Javier Milei, a libertarian economist who has vowed to shut down the nation’s central bank and expressed support for Bitcoin, managed to secure 31.2% of the vote, a remarkable achievement for a candidate with limited prior political exposure. 

Milei’s passionate advocacy for economic reform have resonated with a significant portion of the electorate. In August, Milei won the most votes in the country’s primary election, a fact owed to the…

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Pro-Bitcoin Javier Milei Fails To Secure Win In First Round Of Argentina’s Presidential Election, Looks Forward To Run-Off Vote

Bitcoin BTC/USD enthusiast and Argentine presidential candidate Javier Milei is trailing the country’s presidential election heads to a run-off. Despite being a favorite, Milei has failed to secure a victory in the first round.

According to a CoinTelegraph report, with 90% of the vote counted, economy minister Sergio Massa leads with over 36% support, while Milei lags with just over 30% of the vote. The run-off vote is scheduled for Nov. 19.

See Also: Bitcoin, Ethereum, Dogecoin Spike As $65M In Shorts Liquidated In A Single Day: Analyst Believes Major Bull Run Could Catapult King Crypto To New Yearly High

Milei, who won the most votes in the country’s primary election in…

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NEW: Over 300 Merchants Now Accept Bitcoin Lightning Payments!

Lugano, Switzerland — In a significant move for cryptocurrency adoption, over 300 merchants in Lugano now accept Bitcoin Lightning payments. This development positions the Swiss city as a pioneer in integrating digital currency with everyday commerce. The fast and low-fee Bitcoin Lightning Network has resonated with Lugano’s forward-thinking business community, signaling a transformative shift in retail practices and setting the stage for broader cryptocurrency acceptance in global markets.

MARA Vs RIOT: The Ultimate Winner For Best Returns If You Invested $1,000 In These Two Stocks When Bitcoin Was Under $17,000 – Marathon Digital Holdings (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT)

The value of Bitcoin BTC/USD  surged to levels around $30,000, largely attributed to the renewed optimism for Securities and Exchange Commission (SEC) approval of ETFs, as well as positive market sentiment following the dismissal of charges against two executives of Ripple in the XRP lawsuit.

It should be noted that cryptocurrency stocks are also affected by the surge in Bitcoin’s value and are subject to price fluctuations influenced by market sentiment and regulatory developments.

Comparison: MARA vs RIOT 

In an analysis of the performance of two Bitcoin mining stocks, Marathon Digital Holdings MARA and Riot Platforms RIOT, we compared their year-to-date performances.

Marathon Digital…

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Bitcoin Pioneer Hal Finney Likely Not Satoshi Nakamoto, New Evidence Indicates

In the ongoing quest to find the true identity of Satoshi Nakamoto, the pseudonymous founder of Bitcoin BTC/USD , fresh evidence now questions the theory that Bitcoin pioneer Hal Finney was, in fact, the elusive Satoshi. This new perspective is brought forth by Jameson Lopp, co-founder of Bitcoin custody firm Casa.

What Happened: Lopp’s research shed light against the possibility of Finney being Nakamoto. The main crux of his argument is based on the activity timeline of both individuals on April 18, 2009.

On this particular day, Hal Finney participated in a 10-mile race in Santa Barbara, California, starting at 8 a.m. Pacific time and finishing 78 minutes later. Meanwhile, Nakamoto was…

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Trump’s Ethereum Stash Grows By $91K To Reach $2.7M

Former President Donald Trump, who is a Republican candidate for the upcoming Presidential election, has witnessed a substantial increase of $91,000 in his Ethereum ETH/USD holdings since he launched his NFT collection in December 2022.

What Happened: According to data provided by Arkham Intelligence, Trump’s Ethereum wallet currently holds a total of 1,553 ETH. As the price of Bitcoin BTC/USD and Ethereum has surged in recent times, it has resulted in the growth of Trump’s NFT holdings by over $91,000.

This resurgence in the cryptocurrency’s worth was fueled by renewed hopes for Securities and Exchange Commission (SEC) ETF approval and market optimism following the dismissal of…

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