According to Cointelegraph, Thailand’s Kasikornbank, the country's second-largest bank by assets, plans to introduce orbix Custodian as the nation’s first licensed digital asset custodian. The custodian has received a Digital Asset Custodian license from the Ministry of Finance and will be regulated by the Securities and Exchange Commission (SEC). The license was granted on September 13, with operations expected to commence in early 2025. This initiative is part of a broader strategy by Kasikornbank to expand its presence in the digital asset sector. President Pipit Aneaknithi stated that this move aims to establish a robust foundation for the development of digital financial infrastructure, positioning Thailand as a digital economy hub and advancing the country's digital industry in line with government policies. Kasikornbank owns orbix Custodian through its digital-focused subsidiary, Unita Capital, which also oversees orbix Invest and orbix Technology. The orbix Trade platform, a cryptocurrency exchange previously known as Satang, was acquired by Unita Capital in October 2023. orbix Technology provides blockchain infrastructure services, a division inherited from Satang. In early September, orbix Technology launched the Q-Bond project, issuing Q Bonds worth 500 million baht ($15.4 million) on the Quarix blockchain. These bonds have a one-year maturity and a fixed interest rate of 2.38%. KBank partnered with state-owned oil and gas company PTT for this issuance. Additionally, orbix Invest, a digital asset fund manager, was launched in July, and orbix Reward, a customer loyalty program for orbix Trade, was introduced at the beginning of September. Beyond its digital asset ventures, KBank's subsidiary, Kasikorn Business Technology Group (KBTG), has joined AI Singapore and Google Research in developing large language models (LLMs) for Southeast Asia through Project SEALD (Southeast Asian Languages in One Network Data). This project, launched in March, aims to create LLMs in Thai, Indonesian, Tamil, Filipino, and Burmese, with KBTG's participation announced on September 24.

Crypto liquidations rose to over $200 million in 24 hours as Bitcoin (ETH) and Ethereum (ETH) dipped. Analysts are however bullish on BTC price as September looks poised to end on a green note. The crypto market saw over $200 million in crypto liquidations as Bitcoin slipped to near $64k amid fresh bear moves. According […] source: https://coinjournal.net/news/crypto-liquidations-hit-200m-amid-bitcoin-dip/

How can crypto traders avoid the pitfalls seen in this unfortunate $6.3 million Solana meme coin story? source: https://dailycoin.com/panicked-solana-meme-coin-trader-misses-out-on-6-3m-gains/?utm_source=cryptopanic&utm_medium=rss

Ohio state senator Niraj Antani has introduced a bill that would enable residents and businesses to pay their state and local taxes using cryptocurrencies like Bitcoin (CRYPTO: BTC). source: https://www.benzinga.com/markets/cryptocurrency/24/09/41102705/pay-taxes-with-bitcoin-ohio-senator-proposes-bill-for-crypto-tax-payments-but-theres-a-cat?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Scroll's Sandy Peng says the success of a crypto organization depends on building the right culture and having a diverse team. source: https://www.theblock.co/post/318759/the-scoop-scroll?utm_source=rss&utm_medium=rss

Bitcoin price on 09 30 (CoinDesk) source: https://www.coindesk.com/markets/2024/09/30/bitcoin-ends-historic-september-with-a-dip-but-breakout-may-not-come-before-us-election/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin's price correction is driven by a weakening global economy, conflict in the Middle East, and concerns over an AI bubble. source: https://cointelegraph.com/news/bitcoin-price-falls-as-global-recession-and-ai-bubble-fears-send-investors-scrambling?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cryptocurrency markets are trading lower to start the new week after record inflows into Bitcoin ETFs last week. source: https://www.benzinga.com/markets/cryptocurrency/24/09/41102502/bitcoin-ethereum-dogecoin-close-september-with-a-down-day-nothing-goes-up-forever-now-mark?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

In a speech at Token2049, Edward Snowden, the former NSA contractor turned whistleblower, addressed the evolving landscape of digital privacy, government control and the role of cryptocurrency in shaping a new world order. source: https://www.benzinga.com/markets/cryptocurrency/24/09/41102207/edward-snowden-cautions-crypto-industry-not-to-dilute-principles-we-should-defy-bureaucrac?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Bitcoin (BTC) price has risen 8% since the Federal Reserve announced its 50 basis-point rate cut. This spike has influenced the “supply in profit” metric, suggesting Bitcoin’s potential for further gains. The “supply in profit” metric describes the percentage of Bitcoin’s circulating supply purchased at a price lower than the current market value. Data Evidence […] source: https://www.thecoinrepublic.com/2024/09/30/bitcoin-btc-supply-in-profit-remains-high-bullish-on-chain-data-emerge/

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