Bitkub Blockchain Technology’s CTO banned from executive post for a year, fined

23 Sept 04:33 Key points summarised by AI

Thailand's SEC banned Bitkub Blockchain Technology's CTO, Samret Wajanasathian, for one year and fined him 8.5 million baht for alleged insider trading.
The CTO purchased over 61,000 Kub coins worth 1.9 million baht between September and November last year, during negotiations for SCBX to acquire a stake in Bitkub Online.
The SEC concluded Samret violated digital asset business regulations through his insider trading activities.
This incident, coupled with Bitkub's previous fines for non-compliance, prompted SCBX to scrap its 17.85 billion baht deal to acquire a 51% stake in Bitkub Online due to regulatory uncertainties.
Despite the terminated acquisition, SCBX reiterated its commitment to expanding into blockchain technology and digital asset businesses within Thailand.

Lamphun in a New Light

Today 15:02 Key points summarised by AI

Lamphun illuminates its ancient city with two concurrent light festivals: the high-tech VIJIT Thailand @ LAMPHUN and the traditional Hundred Thousand Lantern Festival.
VIJIT Thailand @ LAMPHUN transforms historic landmarks into an outdoor gallery, using projections and multimedia to animate Lamphun's history, including Queen Chamadevi's story.
The Hundred Thousand Lantern Festival, part of Yi Peng, fills temples and streets with countless traditional lanterns, symbolizing Buddhist devotion and personal wishes.
These festivals offer a unique after-dark experience, blending contemporary light art with centuries-old Lanna traditions, connecting visitors to Lamphun's past and faith.