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Thailand Will Extend Its ETF Offering Beyond Bitcoin, Says Regulator

Thailand's Securities and Exchange Commission (SEC) announced plans to expand its exchange-traded fund (ETF) offerings beyond bitcoin, aiming to attract young investors interested in including cryptocurrency in their portfolios for diversification. SEC secretary-general Pornanong Budsaratragoon stated that local mutual funds and institutions will be allowed to issue these funds under specified rules. The SEC is looking to broaden the types of cryptocurrencies included, potentially offering a basket of various crypto assets in ETFs. This initiative is part of Thailand's ongoing efforts to develop its digital asset market, which also includes the introduction of tokenized government bonds. The move reflects a growing interest in cryptocurrency investments among younger generations in Thailand.

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Abu Dhabi Bans Crypto Mining on Farms, Citing Energy Use

Abu Dhabi's Agriculture and Food Safety Authority (ADAFSA) has enforced a strict ban on cryptocurrency mining on farms in the emirate. This decision aims to uphold the integrity of agricultural land, which is designated for crop cultivation and livestock raising. Farms detected mining cryptocurrencies will incur hefty penalties,

Coinbase-Backed Pilot Program Hands Out $12,000 in Crypto to Low-Income New Yorkers

A new pilot program funded by Coinbase is distributing $12,000 in the stablecoin USDC to 160 low-income New Yorkers aged 18-30. The initiative, named Future First, is administered by the nonprofit GiveDirectly and aims to test the effectiveness of cryptocurrency as a form of financial aid compared to traditional

Bitcoin Price (BTC) Analysis: 'Debasement Trade' to Boost Price, Says JPMorgan

JPMorgan predicts that bitcoin's value could rise to around $165,000, reflecting a potential increase of about 40% from its current price of approximately $119,000. This projection is based on a volatility-adjusted analysis relative to gold. The bank attributes this anticipated surge to a growing trend among

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