Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings: Thai banks can now issue digital tokens, provide crypto brokerage services, run crypto-related businesses, and invest in cryptocurrencies through subsidiaries.
Goldman Sachs Investment Strategy Group: ‘Crypto Mania’ a Risk to Stable 2018 Outlook: GS highlights “cryptocurrency mania” as one of several factors that could affect their initial market outlook for this year. The investment bank expects cryptocurrency markets to “further [decline] in the future given our view that these cryptocurrencies do not fulfill any of the three traditional roles of currency.
Bitcoin Whale’s Bad Trade Leaves Counterparties Holding the Bag: A long position in Bitcoin futures listed on OKEx was forced to liquidate on Tuesday, but the exchange was unable to cover the trader’s shortfall as Bitcoin’s price slumped.