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AI In-brief 23 Sept 05:34

Bitcoin tumbles 10% in wake of deepening China crackdown

Bitcoin plummeted almost 10%, reaching a 12-day low, as market jitters intensified due to China's expanding crackdown on cryptocurrency activities.
Chinese authorities ordered Bitcoin mining projects to close in Sichuan province and vowed to control financial risks associated with crypto mining and trading.
China's central bank urged major banks and payment institutions, including Agricultural Bank of China, to intensify efforts against illegal cryptocurrency transactions, further impacting market sentiment.
The regulatory pressure in China, a significant global Bitcoin producer, sparked fears that miners might offload their holdings, contributing to the sharp price decline for Bitcoin and other cryptocurrencies like Ether.

AI In-brief Today 15:56

The Bank of Thailand (BOT) instructs domestic financial institutions to boost preparedness, conduct emergency drills, and closely monitor for cyberattacks, despite no incidents reported so far.
BOT convened key financial sector bodies, including the Thai Bankers’ Association, to strengthen preventive measures, enhance information sharing, and assess risks against potential cyber threats.
Siam Commercial Bank (SCB) highlights its 24/7 Security Operations Centre, actively safeguarding customer information and transactions from increasingly complex, AI-driven cyber threats.
Prime Minister Anutin Charnvirakul chaired a national meeting with security and cybersecurity agencies to discuss strategies for coping with evolving cyber threats on a national level.

Economy 1/2

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