What’s Bitkub’s problem? Born too soon or existing too controversially?

If Jirayut Srupsrisopa is a true blockchain enthusiast, he must be uncorking the champagne when that massively-lucrative deal with the Siam Commercial Bank collapsed a few days ago. In an…

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

Thailand’s Securities and Exchange Commission (SEC) has barred an executive of Bitkub Blockchain Technology Company, a subsidiary of Bitkub Capital Group Holdings (BCGH), from holding an executive post in the…

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Poor market sentiment sinks SCB’s multi-billion-baht deal for Bitkub

Siam Commercial Bank (now named SCB X), Thailand’s oldest commercial bank, created a flutter in the markets in November last year when it announced a multibillion deal to buy a majority…

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SCB Securities terminates ฿17.8b deal to acquire shares in Bitkub Online

The SCB Securities (SCBS) Board of Directors passed a resolution today (Thursday) to terminate the purchase of a 51% stake in Bitkub, Thailand’s largest cryptocurrency exchange, worth over 17.8 billion…

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Following Bangkok Bank’s app crash, TTB and SCB apps fail too

Siam Commercial Bank’s (SCB) mobile banking app became the next to crash today (Friday), following the Bangkok Bank and TMBThanachart Bank’s (TTB) mobile banking systems, which went down yesterday, on…

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The Selfridges department store on Oxford Street in central London. (Photo by Glyn KIRK / AFP)

2021: The year of mergers and acquisitions that shook the markets

In one of the most-watched acquisition deals of 2021, Siam Commercial Bank Pcl (SCBX) on November 2 announced it was taking a 51 percent stake in Bitkub Online Company for…

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Bitkub takeover adds impetus to Thai digital asset market

The recent multibillion-baht acquisition of digital exchange Bitkub has stunned Thailand’s finance sector, especially the digital asset market. On November 2, Siam Commercial Bank announced its acquisition of a 51…

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Protesters end rally at SCB after fierce assault on monarchy

Anti-government protesters have ended their rally in front of the headquarters of the Siam Commercial Bank (SCB) on Ratchayothin Road after an outpouring of vitriol against the monarchy that centred…

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