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Phuket to Pioneer Blockchain Mass Adoption in Thailand with B2GC: Blockchain to Government Conference

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[PRESS RELEASE – Bangkok, Thailand, January 4th, 2024]

Phuket is set to host the groundbreaking, invitation-only Blockchain to Government Conference (B2GC) from January 17th to 19th, 2024. This government-led initiative, co-organized by Thailand’s key government agencies in the development of its digital economy and society (DEPA, ETDA and DGA) alongside Finstable Group, a leading blockchain company, will convene at the brand new, iconic Blockchain Technology Center (BTC). The conference will spotlight blockchain’s role in enhancing government services and how it can benefit its citizens, featuring esteemed speakers both locally and internationally.

Industry experts will meet high-ranking officials and academics behind closed doors along with the presence of VIP such as the Minister of Digital Economy and Society, the Governor of Phuket Province to learn and discuss the future of mass adoption and workforce education programs of blockchain technology in Thailand.

A Convergence of Global and Local Blockchain Expertise

B2GC will unfold over three days. Day 1 will cover the framework delving into blockchain fundamentals and applications, followed by a forum on Day 2 drilling on topics selected by government officials and the organising committee. The final day will engage the largest protocols in vital discussions and a Minister’s speech around the global development of blockchain technology, and how it can be used as a growth engine for Thailand.

The event boasts an eminent speaker lineup including global blockchain luminaries like:

– Dr. Xiao Feng (CEO) from Hashkey Group

– Dr. Xinxi Wang (Co-Founder) from Litecoin Foundation

– Zack Gall (Co-founder & CCO) from EOS Network

– Alex Blagirev (Strategic Initiatives Officer) from SingularityNET

– David Uhryniak (Director of Ecosystem Development) from TRON Dao

– Sebastian R. Cabrera (VP of Product, National ID) from Polygon Labs

and prominent local figures such as:

– Chatchaval Jiaravanon (Chairman) from Velo Labs

– Passakorn Pannok and Samret Wajanasathian (CEO and CTO) from Bitkub Blockchain Technology

– Kanyarat Saenngsawang (Country Manager) from Sandbox

– Sathapon Patanakuha (Founder) from SmartContract Blockchain Studio

– Navapon Nalita (Founder) of Crypto City Connext, among others.

Exclusive and Elite: By Invitation Only

B2GC will welcome the Minister of Digital Economy and Society, distinguished government officials, academia from leading universities, and Web3 executives. Esteemed private sector representatives, including top-tier tycoons like Mr. Wichai Thongtang, and leaders of publicly listed companies such as C.P. Group or IFCG will also be in attendance.

It is a unique platform for dialogue and collaboration, fostering connections between Thai projects and global blockchain protocols but also the private and public sectors around the advancement of Thailand’s national infrastructure.

The event promises extensive media coverage, with international and local media outlets like Bloomberg, Thaiger, CoinTelegraph, U.Today, Bitcoin Addict Thailand by Cryptomind Group, and more providing comprehensive reports to both mainstream and Web3 audiences.

Prestigious entities like Litecoin Foundation, Hashkey Group and Wanxiang Blockchain, TRON, EOS, SingularityNET, Polygon Labs and BNB Chain underscore B2GC’s role as a catalyst for technological innovation in Thailand and the mass adoption of blockchain worldwide.

Setting the Tone for Phuket as a Tech and Innovation Hub

Hosting B2GC at the Blockchain Technology Center (BTC) in Phuket is a statement of the island city’s emerging status as a tech and innovation hub and its commitment to blockchain technology. This will be exemplified at BTC during the event with showcases like purchasing food and drinks through a payment system on blockchain, as well as other cutting-edge solutions such a drive to earn (EVolve by Zeego) aiming to revolutionize transporation with Electric Vehicles (EV), or Virtual Reality Simulations to train public functions.

Transforming Thailand’s Digital Landscape

Beyond the Thai Digital Wallet, B2GC aims to highlight blockchain’s expansive role in public governance, streamlining services, and enhancing citizens’ quality of life.

About the co-hosts

Sharing in the same spirit of innovation, the Digital Economy Promotion Agency (DEPA), the Digital Government Development Agency (DGA), and the Electronic Transactions Development Agency (ETDA) are getting together with Finstable, a private company that has a proven track record in bridging global leaders and technological advancement in the blockchain arena for Thailand. Their expertise in digital infrastructure, standards setting, and electronic transactions plays a pivotal role in blockchain implementation in Thailand.

Join the Dialogue

Join us in this pivotal dialogue to shape the digitized, decentralized future of government.

Contact and Media Enquiries

Users interested in getting involved as a sponsor, partner, media representative, or invited guest can do so by sending an inquiry, contacting the B2GC team, or registering on the WAITLIST through the official website.

Official Website: https://B2GC.finstable.co.th

Email: B2GC@finstable.co.th

Social Media: Twitter | LinkedIn | Facebook | Telegram | Press Kit

For more information and to view a selection of event photos and posters, please visit B2GC website and Finstable’s social pages.

Contact

Project Manager
Narath Thummanond
Finstable
narath.t@finstable.co.th
+66814479750

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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