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Crypto Rise; Thailand Welcomes Three More Coins in ICOs

Investing.com – Top digital coins made small gains in Asia on Friday morning, recovering from a sudden tumble at the beginning of this week, as Thailand gave nod to three more crypto coins in initial coin offerings (ICOs)

The Thai Securities and Exchange Commission added Bitcoin Cash, Ethereum Classic and Litecoin to the list of cryptocurrencies suitable for use in ICO investments and trading pairs, along with Bitcoin, Ethereum, Ripple and Stellar.

The commission’s statement also clarified that these tokens are not considered legal tender within Thailand despite being viable options for trading pairs and for ICOs.

On Friday morning, Bitcoin traded 0.16% higher to $3,833.8 by 10:04 PM ET (03:04 GMT).

Ethereum was up 0.07% to $136.48, XRP added 0.79% to $0.35208 and Litecoin gained 0.93% to $46.133 over the past 24 hours.

Elsewhere, eyes were on Facebook (NASDAQ:FB) on Friday as The New York Times reported that the social media giant is pushing ahead with a secretive cryptocurrency project.

The report said that Facebook is developing a coin for WhatsApp users to send to friends and family instantly. The company aims to integrate cryptocurrency payments into its messaging services.

The report also said Facebook has had talks with crypto exchanges about selling the Facebook coin to the wider public.

Facebook has not publicly announced the project or made any statement about it. The sources the Times’ report cited only spoke on condition of anonymity.

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