Apple Inc. (NASDAQ:AAPL) Loses Face Over Appeal To Recover Legal Fees
The Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co Ltd (KRX:005935) patent war has become quite legendary with new twists and turns popping up with every passing week. That the tech giants finally agreed to drop all differences out of the US is clear. But what is irking Apple currently is the fact that it will not be able to recover the $16 million incurred as … Continue reading Apple Inc. (NASDAQ:AAPL) Loses Face Over Appeal To Recover Legal Fees
Bitcoin Ban Fear Fades Away: Bitcoin News Highlights
Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. Led by CEO Ron Hose, Coins launched its Philippines-based bitcoin exchange and merchant processing service Coins.ph in March, at the time enrolling two larger merchants – MetroDeal and CashCashPinoy – in its services. While coinciding with fewer supporting announcements, its entrance into Thailand’s market, however, may ultimately prove more telling for bitcoin’s progress in Asia as a whole.
Coins.co.th has been exchanging baht and bitcoin in Thailand since its soft launch in June, when it received its e-commerce registration from the Huay Khwang District Office. A report by Bangkok Post states that the district office has deemed bitcoin as a form of commodities trading, clearing the way for the company’s regulatory approval.
Jaturong Jantarangs, the Bank of Thailand’s senior director of the payment systems policy department, reportedly told the media outlet that trading bitcoins for baht does not require approval or a license from the central bank. As such, Coins.co.th claims that its exchange is now ‘fully legal’ under Thai law.
News on Bitcoins
The move can be seen as a positive sign for bitcoin’s progress in Asia, given that the Bank of Thailand was widely believed to have banned bitcoin in 2013. The determination also follows statements from the Bank of Thailand issued in March that suggested it did not consider bitcoin a currency.
While it is not being treated as a money services business, Coins.co.th indicated that it does need to follow related laws such as Thailand’s Civil and Commercial Code and Consumer Protection Act, as well as its anti-money laundering (AML) regulations. Topp Jirayut Srupsrisopa, who will manage Coins.co.th, added that he expects bitcoin’s legal situation in Thailand to become more clear over time, as local regulators learn more about the market and its potential.
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Facebook FB Stock: Insiders Dumping Shares
Facebook Inc (NASDAQ FB) insiders are at it again, quickly unloading more shares of the social network’s stock. Chief Operating Officer Sheryl Sandberg, director Susan Desmond-Hellmann, Chief Technology Officer Michael Todd Schroepfer, Chief Financial Officer David M. Wehner, Marketing VP David Fischer, General Counsel Colin Stretch and Chief Accounting Officer Jas Athwal all moved some shares around recently. Regulatory filings show that several insiders at … Continue reading Facebook FB Stock: Insiders Dumping Shares
Google Stock GOOG set for a Good Time as Company Gears Up For Music Key Service
Google Inc (NASDAQ GOOG), the megalith technology-media-robotics-car company, is launching an ad-free YouTube music streaming service. Google’s long-rumored “YouTube Music Key” streaming service will offer offline listing including over 20 million songs. This new service follows Songza acquisition and arm twisting of independent record labels. Compared to competition from firms such as Spotify and Pandora Media Inc (NYSE P), Google’s new service will offer content … Continue reading Google Stock GOOG set for a Good Time as Company Gears Up For Music Key Service
Amazon.com Inc (NASDAQ AMZN) And The Anticipatory Shopping Business
Ever wonder how Amazon.com, Inc (NASDAQ:AMZN) has the uncanny knack to recommend the product that you were about to look for, as if it had read your mind? Say hello to Big Data. It is the next big thing and it is here to stay. Big Data is the process of finding patterns in huge and complex volumes of data and using this information to … Continue reading Amazon.com Inc (NASDAQ AMZN) And The Anticipatory Shopping Business
Top Stock in News: Apple (NASDAQ AAPL) Plans On Building The World’s Biggest Retail Store
Apple Inc (NASDAQ AAPL) is set to open the first retail store in the Middle East next year. The store, which will be in the city of Dubai, will also be the world’s largest store. The store will actually be located inside the Mall of the Emirates, a large shopping center that boasts 700 retail stores and an indoor ski resort. Apple will take over … Continue reading Top Stock in News: Apple (NASDAQ AAPL) Plans On Building The World’s Biggest Retail Store