The Bank of Thailand will pilot a "Retail" central bank digital currency by the end of 2022, testing cash-like activities with 10,000 users.
| August 05, 2022 | August 5th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has traded within a $1,000 range over the last 24 hours, finding balance around the $23,000 once again to end the week. |
| Top-20 altcoins have creeped upwards slightly, as Ethereum and BNB each gain 3%, XRP remains unchanged and Ethereum Classic leads the way with a 4% advance. |
Top Stories for August 5, 2022 🔥 |
| The Bank of Thailand (BoT) will pilot a "Retail" central bank digital currency (CBDC) by the end of 2022, testing the currency in cash-like activities with around 10,000 users. The Bank of Ayudhya, Siam Commercial Bank and 2C2P will all be involved in the pilot. |
| The pilot adds to a plethora of CBDC-based projects conducted by the BoT, which includes wholesale CBDC projects and CBDC testing with corporates. It will also host a CBDC Hackathon today, with private sector and public participation. |
| Tron founder Justin Sun has voiced his support for the primary Proof-of-Work (PoW) fork of Ethereum, as the network's "Merge" to Proof-of-Stake (PoS) in September draws closer. |
| Sun, in control of more than 1 million Ether, has pledged a portion of any hard-forked PoW tokens to development and community on the PoW version of the platform. His exchange, Poloniex, will also support trading of both the PoW and PoS tokens. |
| WazirX, an Indian crypto exchange owned by Binance, has had accounts with $8 million frozen by India's Enforcement Directorate (ED), in a money-laundering investigation. |
| The exchange has been under investigation since 2021 for alleged money laundering linked to Chinese loan apps with connections to digital lending in India. |
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