By allowing virtual banks, Thailand seeks to boost competition and economic growth. The Bank of Thailand will issue three different licenses for interested companies by 2024. There are at least 10 parties interested in granting permissions, the report states. Regulations and supervision will be the same as those for traditional commercial banks. News Sorce
The Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, its highest since April 5. The move follows a 24% gain for the BTC over the past seven days. Since June 2022, the index has been hovering between 20 and 30 in the “Extreme Fear” category. Analysts have labeled the recent move as a bull trap but a weekly close has led some to believe momentum will continue. News Sorce
Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8. According to the Ultrasound Money tracker, ETH issuance has fallen into deflationary territory once again. Markets are still overall in bear territory, so demand will likely increase as more bulls return to the market. As gas prices increase, this will have a bigger impact on the burn rate and supply of the crypto-currency, which is very bullish in the long term. News Sorce
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