Cryptocurrency
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354Bitcoin Is Now Vulnerable to a Tumble Below $14,000 as Crypto Faces FTX Fallout
The shocking failure of cryptocurrency exchange FTX last week continues to hang over Bitcoin and other digital assets, with cryptos vulnerable to...
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294
Bitcoin bounces above $20000 for first time in about a week
Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian...
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581
Bahrain’s Rain Financial exchange seeking to start crypto trading in Pakistan
Bahrain-based Rain Financial, a well-known trading platform for cryptocurrencies, is encouraging the domestic regulators to issue a legal framework for the enactment...
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Meta’s once-ambitious cryptocurrency project Novi to shut down
On September 1, 2022, Meta’s money-transfer service, which makes use of the business’s own cryptocurrency digital wallet, “Novi,” will be discontinued. The...
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678
Bill Gates says cryptos and NFTs are ‘100% based on greater fool theory’
Bill Gates, the IT tycoon, has slammed NFTs as “100% based on greater fool theory” – the financial concept that even overvalued...
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581
Bitcoin fell below $20,000 for the first time since December 2020
The sell-off in cryptocurrencies deepened even further on Wednesday, with bitcoin sinking below $20,000 for the first time since December 2020. This...
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602
Pakistan can generate $90 million per year by imposing 15% tax on crypto trading
A key international crypto company recommended the Pakistan government imposition of tax on crypto assets and frame guidelines in this respect. Aatiqa...
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682
Meta is looking to develop virtual coins dubbed Zuck bucks for its Metaverse
Meta Platforms, which had recently filed trademark applications relating to blockchain and cryptocurrency services, is planning to introduce digital asset tokens dubbed “Zuck Bucks”....
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616
Cryptocurrencies surge over demand from Russians and Ukrainians
Cryptocurrencies defied a stock market slump on Monday to rise amid what analysts said was increased demand from Russian and Ukrainian buyers. ...
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816
The best places to mine Bitcoin and earn money
As we all know by now, Bitcoin (BTC) is a currency of the likes we’ve never seen before. It’s an entirely new...
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PTA refuses to block cryptocurrency websites
According to news, the Pakistan Telecommunication Authority (PTA) on Monday turned down a request from the Federal Investigation Agency (FIA) to restrict...
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538
US seizes $3.6 billion in cryptocurrency linked to hack
Authorities confiscated more than $3.6 billion and detained a New York couple convicted of conspiring to launder billions in cryptocurrency, according to...
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717
India to tax crypto at 30% and launch a digital rupee
In her speech of the federal budget on Tuesday, India Finance Minister Nirmala Sitharaman indicated that income from crypto and other digital...
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857
Cybercriminals laundered $8.6 billion in cryptocurrencies in 2021
According to a report released on Wednesday by blockchain analysis firm Chainalysis, cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30%...
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Pakistani man opens Chai Ada in London that accepts cryptocurrencies for payment
Tayyab Shafiq has set up Chai Ada as the first café in London that accept cryptocurrencies for payment and he is excited to...
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916
Bitcoin drops to six-month low as crypto bloodbath continues
Bitcoin dropped 10.4% which left it at $36,000 levels on Friday, losing $3,781.02 from its previous close. The only highlight of the...
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823
Bitcoin revisits $44,000 as exchange outflows see uptick
Thanks to an increase in foreign exchange outflows, the price of Bitcoin has been in an uptrend for the last few days,...
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Binance joins hands with Pakistan for busting $100 million crypto scam
Binance has made contact with the Federal Investigation Agency’s (FIA) of Pakistan and committed full cooperation in the probe of a mega-scam...
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FIA seized credit cards, bank accounts of 1,064 people linked to crypto transactions
Based on a month-old request submitted through the Cyber Crime Reporting Center (CCRC) in Islamabad, the Federal Investigation Agency (FIA) has confiscated...
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NFTs market reaches $22 billion as digital gold rush continues
This year, the worldwide market for non-fungible tokens (NFTs) reached $22 billion, thanks to the popularity of collections like the Bored Ape...
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909
Pakistanis hold more than $20 billion in cryptocurrency assets, says FPCCI
Pakistanis currently hold more than $20 billion in cryptocurrency assets including Bitcoin, according to the Federation of Pakistan Chambers of Commerce and...
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794
Pakistan has no immediate plan to allow cryptocurrency
Fawad Chaudhry, the Federal Minister of Information, had stated that there are no plans to legalize cryptocurrency in Pakistan anytime soon. “There...
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544
Bank of England warns that Bitcoin could become worthless
The Bank of England has issued a warning saying bitcoin could become “worthless”, and people investing in the cryptocurrency could lose everything....
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750
Crypto scammers hack Indian PM Narendra Modi’s Twitter account
On Sunday, cryptocurrency scammers hacked Indian Prime Minister Narendra Modi’s Twitter account, claiming that “the Indian government had officially purchased 500 bitcoin...
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695
Ether soared more than 560% this year to touch record high of $4,840
Ether, the world’s second-largest cryptocurrency, surpassed its previous high on Friday, catching up to bitcoin’s gain and riding on rumours of more blockchain usage. ...
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585
Creators of Squid Game-inspired cryptocurrency grab $2.1 million from investors
The creators of a cryptocurrency called Squid Game appear to have abandoned the project, leaving investors with a $2.1 million loss. The...
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714
Mastercard partners with Bakkt to offer cryptocurrency services and solutions
Mastercard has announced a partnership with Bakkt, a cryptocurrency firm, to ensure that crypto alternatives are available to retailers across its payments...
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Meet the 15 youngest billionaires under the age of 40 in Forbes 400
In the Forbes 400 list, at least 15 are under the age of 40 and the youngest being 29-year-old Sam Bankman-Fried, who...
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578
Sindh High Court gives 3 months to government for cryptocurrency regulation
Sindh High Court (SHC) directed the government on October 20 to develop and submit the proposed cryptocurrency regulatory framework within 3 months....
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Putin says Russia will not crack down on crypto like China and believes it has ‘value’
Although Russian President Vladimir Putin believes crypto have value, he does not believe they can completely replace the US dollar in the...
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684
Bitcoin jumps to new high above $67,000 after landmark ETF Listing
Bitcoin climbed to a record high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund...
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SHC invites suggestions on how to regulate cryptocurrency in Pakistan
The Sindh High Court (SHC) has requested proposals and views on how to regulate cryptocurrency and authorize its use in Pakistan from the State...
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949
A Beginner’s Guide on How to Cash Out Bitcoin Instantly
Bitcoin has become one of the most popular cryptocurrencies in the world today. Apart from the rapidly increasing value, the BTC blockchain...
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OKEx lists Pakistan’s first cryptocurrency token on its exchange
TenUp Smart, the first-ever Pakistan-based crypto project to be hosted on an international exchange, has been listed on OKEx, a widely renowned platform for...
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Crypto ban by China could release more energy than Finland consumes in a year
China announced that all crypto-related activity would now be illegal, bringing the country’s campaign on cryptocurrency to a conclusion. The reasons for...
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Bahrain cryptocurrency exchange RAIN to launch in Pakistan
Pakistan’s first cryptocurrency exchange RAIN is all set to be launched soon, as all the arrangements related to the project have been...
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859
Cryptocurrency exchanges stop letting Chinese users sign up after Beijing’s ban
Major cryptocurrency exchanges and service providers are scrambling to sever business ties with mainland Chinese clients after Beijing renewed a crackdown on...
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557
Iran plans use of cryptocurrency to ease sanctions
The use of cryptocurrency might solve challenges connected to international sanctions imposed on the Islamic republic of Iran. Gholamreza Marhaba, a spokesman for...
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553
Bitcoin plunges as El Salvador officially adopts the crypto as a legal currency
Bitcoin as well as other major crypto assets plunged on Tuesday after El Salvador became the first country to adopt Bitcoin as...
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818
Facebook ready to launch Novi digital wallet
Facebook is planning to link its launch of the Novi digital wallet to the debut of the digital coin Diem that will...
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821
PayPal launches its cryptocurrency service in the UK
Starting this week, the US online payments giant PayPal said that British users will be able to buy, hold, and sell cryptocurrency. ...
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964
Bitcoin nears $50,000 as crypto market remain bullish
The crypto market remained bullish for the second straight day on Saturday, with the Bitcoin nearing $50,000 as it continues to rebound after months...
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Poly Network hit by $600 million heist asks hacker to become its security advisor
The cryptocurrency platform, Poly Network, targeted in a massive heist is now inviting the hacker behind it to become an advisor to...
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Hackers return nearly half of $600 million they stole in biggest crypto theft in history
Hackers have returned nearly half of the $600 million they stole in what’s likely to be the biggest crypto currency theft of...
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817
What Makes Cryptocurrency Go Up or Down?
Investors around the world are usually curious about what drives any asset, such as fixed income, equities, or commodities, as well as...
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828
Bitcoin cryptocurrency price rises for 8th day, returns to $40,000 mark
A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. Bitcoin was trading...
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819
Despite challenges, Pakistan sees cryptocurrency boom
Pakistan has seen a boom in trading and mining cryptocurrency, with interest booming in 1000s of views of related videos on social...
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553
Is the digital Euro on its way?
According to Saxo Markets, a stocks and shares ISA financial firm, the European Central Bank (ECB) is considering proposals for a digital...
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Pakistan among top 15 countries in the world in cryptocurrency adoption
Pakistan is now among the top 15 countries in the world in terms of cryptocurrency adoption according to the ranking of blockchain...
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South African Cajee brothers disappear with 69,000 Bitcoins worth $3.6 billion
Two South African brothers, Ameer Cajee, 18, and, Raees Cajee, 21, have disappeared from their cryptocurrency investing platform, Africrypt, with $3.6 billion in...
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939
Binance, the world’s largest cryptocurrency exchange, banned by UK regulator
In what is seen as the latest sign of a growing crackdown on the crypto market around the world, largest cryptocurrency exchange...
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576
Tech billionaires Elon Musk, Jack Dorsey to discuss Bitcoin at ‘B Word’ event in July
Elon Musk and Jack Dorsey, two influential tech billionaires, have agreed to discuss Bitcoin at “The ₿ Word” event on July 21. Musk...
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801
Bitcoin, Ethereum drop as China intensifies crypto mining crackdown
On Monday, the cryptocurrency market was under increasing pressure, with a number of coins and tokens mainly Bitcoin and Ethereum losing double...
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663
Elon Musk says Tesla will accept Bitcoin again once miners use 50% clean energy
After yet another weekend of price swings following tweets from Tesla boss Elon Musk, Bitcoin climbed above $40,000 on yesterday. Due to...
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764
El Salvador plans to use electricity generated from volcanoes to mine Bitcoin
The president of El Salvador announced Wednesday that the country’s state-run geothermal energy utility would begin using power derived from volcanoes for...
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813
Khyber Pakhtunkhwa dissolves committee on cryptocurrency
The administration of Khyber Pakhtunkhwa (KP) has chosen to terminate the cryptocurrency panel that was formed on February 4. According to a...
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Bitcoin price continue to tumble as China crypto miners suspend operations
Bitcoin price dropped to $35,201.81 at noon today according to figures from Coindesk following intensified crackdown on bitcoin mining and trading by Beijing. Major...
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Ethereum: What is it and how is it different from bitcoin?
Ether, the world’s second-largest cryptocurrency of the Ethereum network, has recently eclipsed bitcoin in terms of market capitalization. After reaching a record high of...
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891
What’s Bitcoin mining and how much energy does it consume
A recent tweet by Elon Musk saying Bitcoin mining consumes a lot of energy and it is a cause for concern for the...
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732
Facebook-backed crypto project Diem to launch US stablecoin in major shift
Diem Association, formerly the Libra project of Facebook Inc (FB.O), wants to introduce a US dollar stablecoin as it cuts back its worldwide aims...
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Dogecoin funded Moon mission will be launched by SpaceX in 2022
Elon Musk’s commercial rocket venture, SpaceX, will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, accepting...
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Dogecoin tumbles after Elon Musk calls it a ‘hustle’ on ‘SNL’ show
The value of dogecoin plummeted in the early hours of Sunday in the United States, after Tesla CEO and cryptocurrency supporter Elon...
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899
Ethereum cryptocurrency breaks past $3,400 to quadruple in value in 2021
On Monday, the cryptocurrency ether, the ethereum blockchain’s token, surpassed $3,400 for the first time, setting a new record high in a...
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573
Cryptocurrency Ethereum hits another record high
On Thursday, Ethereum, the world’s second-largest cryptocurrency by market capitalization, hit a new high, with participants quoting media reports about the European...
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903
The ‘Disaster Girl’ made almost half a million by selling the NFT of her meme
Zoe Roth, aka “Disaster Girl,” made a fortune by selling the original picture of her meme as an NFT for nearly half...
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624
Turkey seeks arrest of cryptocurrency boss over huge fraud, detains
An international arrest warrant has been released for the operator of a cryptocurrency trading platform in Turkey. Faruk Fatih Ozer, according to...
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842
Cryptocurrencies Crash After Hitting All-Time Highs
On Sunday, Bitcoin, the world’s most famous cryptocurrency, dropped as much as 15% to $51,541, losing much of the previous week’s gains. The...
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708
KP govt to build pilot cryptocurrency mining farms
Khyber Pakhtunkhwa government is going to build two hydroelectric-powered pilot cryptocurrency mining farms to capitalize on a bullish global cryptocurrency market. The...
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Bitcoin hits new record above $48,000 after Tesla invests $1.5 billion
Bitcoin hit a fresh record above $48,000 on Tuesday after Tesla announced an investment of $1.5 billion in the largest cryptocurrency. The...
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Bitcoin hit its record high value of $34,000 for first time
As recorded by Coin Metrics, the world-famous Bitcoin cryptocurrency reached its historic record high value on Sunday, hitting $34,000 for the first...
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671
Digital yuan trial in China concludes with over 20,000 transactions on Double 12
Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant JD.com. Over...
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KP Assembly Passes Resolution Legalizing Cryptocurrency
The Khyber Pakhtunkhwa (KP) Assembly unanimously passed a resolution on legalizing cryptocurrency and crypto-mining. The resolution was introduced by PTI MPA Dr....
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Facebook cryptocurrency Libra to launch as early as January
Facebook Libra cryptocurrency is preparing to launch as early as January, according to the Financial Times citing three unidentified people involved in...
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876
SECP mulls new legal framework for digital financial assets
The Securities and Exchange Commission of Pakistan (SECP) has decided to release a directive framework for guideline and monitoring of the digital and...
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United States working on to introduce the ‘Digital Dollar’
With the association of the Massachusetts Institute of Technology (MIT), US Federal Reserve has begun research on the development of central bank...
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SECP Orders Companies to Stop Dealing in Cryptocurrency
The Security and Exchange Commission of Pakistan (SECP) has instructed all companies and Limited Liability Partnerships (LLPs) to stop dealing, trading, using,...
