On October 30th, Thai Kasikornbank (K-Bank) announced that it has acquired 97% of the shares of Satang, a Thai cryptocurrency trading platform, and Satang will be renamed Orbix. According to a document, the transaction is valued at THB 3.705 billion (approximately USD 102.8 million) and was completed through a new subsidiary of K-Bank called Unita Capital, whose mission is to invest in digital asset companies. The new company will add three subsidiaries: Orbix Custodian, Orbix Invest (digital asset fund management company), and Orbix Technology (blockchain technology developer). Satang has been operating in Thailand since 2017.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Thailand’s Kasikornbank has acquired 97% of the parent company of crypto trading platform Satang
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
FIFA President announces 'FIFA Coin' initiative
Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project. -
Argo Blockchain Signs $40 Million Financing Agreement to Support M&A Transactions
Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions. -
Binance will adjust the collateral ratio of BCH, XTZ and other assets
According to the official announcement of Binance, Binance will update the collateral ratios of various assets under the investment portfolio margin mode on March 7, 2025 at 06:00 (UTC). The update process is expected to last about an hour. The specific adjustments are as follows: The collateral ratios of BCH, XTZ, and MANA will be reduced from 85% to 75%; The collateral ratio of ONE will be reduced from 80% to 70%; The collateral ratios of BAT and DENT will be reduced from 80% to 65%. Please note that the collateral ratio adjustments will affect the unified maintenance margin rate (uniMMR), and users need to pay close attention to avoid potential liquidation risks. -
DeepSeek open-sources and releases 3FS, a high-speed parallel file system that optimizes AI data access
On the fifth day of Open Source Week, its Fire-Flyer file system (3FS) was officially open sourced. As a high-performance parallel file system, 3FS can fully utilize modern SSDs and RDMA networks to achieve high-speed data access, improving the efficiency of AI model training and inference. -
Hong Kong to allocate HK$1 billion to set up artificial intelligence research institute
The Hong Kong SAR Government will allocate HK$1 billion to establish an artificial intelligence research institute. -
Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts
Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U. -
Binance to Launch MORPHO and CHILLGUY USDT Perpetual Contracts
Binance futures platform will launch perpetual contracts with a maximum leverage of up to 75 times at the following times: -
Coinbase International has launched COW perpetual contracts
Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available. -
ZachXBT: Suspected insiders made $3.8 million in profits on RTR
On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation. -
The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs
The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.
Daily Must-Read
-
THORChain at crossroads: Decentralization clashes with illicit activity
-
Crypto Rally Doesn't Hold After Soft Inflation Data
-
Here’s what happened in crypto today
-
THORChain at crossroads: Decentralization clashes with illicit activity
-
YouTuber says SEC will recommend dropping lawsuit over 2018 token ICO
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
All Comments