Syed Ahad – Page 6 – BOL News Staging

Artists selling superhero NFTs prohibited by Marvel and DC

September 15, 2021September 14, 2021 by Syed Ahad

The comic book publication monsters want to uphold sole control of their intellectual property in the NFT galaxy. Marvel and DC appear to be breaking away from the well-known tradition of letting creators and artists sell innovative prints of published works due to their reported strategies for access into the nonfungible token (NFT) space. As … Read more

Most of the Korean crypto exchanges to close this month, as per insiders

September 14, 2021 by Syed Ahad

Failure to meet South Korean regulators’ new necessities is probable to spread out tens of crypto exchange operators. The time limit for South Korean cryptocurrency exchanges to meet new obedience requirements is approaching fast, with all operators probable to submit requests for an authorized license with the Financial Services Commission (FSC). Industry actors and senates … Read more

Foremost UK hedge fund Brevan Howard introduces crypto division

September 14, 2021 by Syed Ahad

A United Kingdom-based hedge fund, Brevan Howard, intends to “significantly expand” its crypto and digital assets. Chief Executive Aron Landy, who has been at Brevan’s helm ever since its co-founder and long-time cryptocurrency sponsor Alan Howard walked down in 2019, has specified that the company has a “commitment to rapidly expanding its platform and offerings … Read more

Following are the countries where Bitcoin (BTC) is prohibited

September 15, 2021September 14, 2021 by Syed Ahad

The legal status of bitcoin (BTC) and other alternative coins to BTC be different significantly from country to country, whereas, in a few, the bond stays to be correctly defined or is always changing. In some countries, there have been boundaries on the way to the use of BTC, with banks banning their clients from … Read more

Has Binance banned Waqar Zaka’s cryptocurrency TenUp?

September 14, 2021September 14, 2021 by Syed Ahad

There have been speculations that Waqar Zaka’s cryptocurrency TenUp has been banned by the online crypto exchange, Binance. This news has not been verified yet. In a tweet, Waqar has specified that there have been rumors about the banning. He further stated in his tweet that “Now I can easily see who are my real … Read more

Russian central bank recommends domestic banks to block e-pay transactions

September 14, 2021September 14, 2021 by Syed Ahad

The Russian central bank has suggested domestic commercial banks that they should block their clients’ crypto exchange-related card and e-pay transactions. The Bank of Russia spoke of the requirement to mold out internet-based “shadow economy”-related businesses. It named on domestic banks and e-pay operators to recognize all accounts and e-wallets belonging to “illegal business activities” … Read more

Nayib Bukele: ‘More than half a million individuals are using Chivo wallet’

September 14, 2021 by Syed Ahad

President Nayib Bukele has stated, More than half a million individuals in El Salvador are using the bitcoin wallet of the country just after the successful acceptance of crypto as a legal tender. The president too spoke about the technical errors that wrecked the first few days of El Salvador’s acceptance of bitcoin as legal … Read more

The date for filing income tax returns should be extended, Lahore chairman

September 14, 2021 by Syed Ahad

The Lahore Chamber of Commerce and Industry (LCCI) has urged Finance Minister Shaukat Tareen and Chairman Federal Board of Revenue to extend the date for filing income tax returns till at least December 31 so that traders can easily submit their returns. In a statement, Lahore Chamber of Commerce and Industry President Mian Tariq Misbah, … Read more

Cardano (ADA) introduces smart contracts after effective hard fork

September 14, 2021 by Syed Ahad

Cardano has concluded its Alonzo hard fork to introduce Plutus-powered smart contract scripts. The upgrade has been finalized effectively IOHK tweeted, enabling the creation and implementation of smart contract on the public blockchain for the first time. Cardano notes that it is still in the “early days for the project,” asserting that now is when … Read more

Indian Income-tax Department to shortly target cryptocurrency traders

September 14, 2021September 14, 2021 by Syed Ahad

Cryptocurrency tax laws are initial to mainstream cryptocurrency acceptance by the governments, Indian entrepreneurs believe. Crypto traders and crypto exchanges soon to be taxed, Income Tax Department of India reportedly consider, experts believe investors should rest certain. The tax department which works under the ministry of finance of India has mentioned interest to tax crypto … Read more

Bitcoin mining electricity consumption exceeds compared to last year

September 14, 2021September 13, 2021 by Syed Ahad

As per the BloombergNEF report, bitcoin (BTC) miners have used more electricity as compared to last year. This year miners are on track to have used 91TWh electricity, or around the equal amount as Pakistan, BloombergNEF stated. The estimated energy that was used the previous year was approximately 67 terawatt-hours (TWh). The mining becomes more … Read more

MicroStrategy now holds a total of 114,042 bitcoins (BTC)

September 13, 2021 by Syed Ahad

MicroStrategy a business intelligence software company stated that the company now holds a total of 114,042 bitcoins (BTC), which were assimilated for a total of $3.16 billion and at an average price of $27,713 per BTC. Nasdaq-listed MicroStrategy stated that it has bought around 8,957 BTC for $419.9 million in cash during the third quarter … Read more

Dogecoin Price Prediction: A Breakout Coming up?

September 13, 2021 by Syed Ahad

Dogecoin (DOGE) is trading in a pretty tight range later the late Sunday’s effort to move past the resistance zone of 0.2500 was failed. Since its drop on Friday, its price travels have been within a flat channel of between Friday’s low of 0.2357 and a little above the 50-day EMA (Exponential Moving Average) at … Read more

Government foreign exchange reserves decreased by 123 million dollars

September 11, 2021 by Syed Ahad

During the last week, foreign exchange reserves declined by 123 million and total reserves by 125.1 million due to repayments on external loans. According to the SBP, for the week ended September 3, the country’s foreign exchange reserves fell from 27.22 billion to 27.10 billion. Meanwhile, the reserves of the central bank fell from 20.14 … Read more

Industrial Output of Malaysia decline by 5.2 Pct

September 11, 2021September 10, 2021 by Syed Ahad

The Industrial Production Index (IPI) of Malaysia fell 5.2% in July from a year prior, the first failure since November 2020, official data showed.

The drop of the IPI was pulled by the manufacturing index which slid 6.5%, and the electricity index which slid 6.

6%, the Department of Statistics Malaysia (DOSM) said in a statement.

The key sub-sectors contributing to the slump in the manufacturing sector in July were transport equipment and further manufactures, non-metallic mineral products, basic metal and fabricated metal products, and wood products, furniture, paper products, and printing, according to the DOSM.

Temporarily, the mining index increases 0.6%, driven by the upsurge in the natural gas index.

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FBR and KPRA decide to share data understanding of utmost profit

September 14, 2021September 10, 2021 by Syed Ahad

The Federal Board of Revenue (FBR) and Khyber Pakhtunkhwa Revenue Authority (KPRA) decided to share data and info for the understanding of maximum profit.

To surge profit and potential the FBR and KPRA would change expressive apparatus on agriculture income/tax.

Both sides decided to iron out changes relating to sales tax on services associated with four significant sectors including construction, restaurants, transport and communication, and toll manufacturing.

Khyber Pakhtunkhwa Board of Revenue Senior Member and senior associate also joined the meeting.

In the meeting, the matters of mutual interest between the Federal Board of Revenue and Khyber Pakhtunkhwa Revenue Authority were deliberated.

The FBR chairman repeated his commitment to growing a close working association between FBR and KPRA.

Khyber Pakhtunkhwa Finance Minister hoped that both FBR and KPRA would grow a lasting system to build close collaboration for the purpose of recognizing potential taxpayers and growing revenue.

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In power tariff Nepra approves Rs1.38/unit hike

September 14, 2021September 10, 2021 by Syed Ahad

CPPA seeks Rs4.75-per-unit hike in power tariff

The National Electric Power Regulatory Authority (Nepra) agreed to a hike of Rs1.38/unit in electricity price.

As per a notification issued, the fuel price modification will be valid only on the bills for the month of September 2021, further that the fuel price adjustment will be applicable to all customers excluding Lifeline and K-Electric (KE).

The Central Power Purchasing Agency (CPPA) had demanded Nepra for a surge of Rs1.47 per unit. The authority held a public hearing on September 1, 2021, and accepted surges in power tariffs.

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Pakistan wishes to improve economic relations with Egypt

September 10, 2021 by Syed Ahad

A seminar planned by the Cairo-based Pakistan Embassy to spot the “Pakistan-Egypt Friendship Day”.

At the start of the seminar titled “Pakistan’s Engagement with Africa – the Continent of the Future”, a video note of the Foreign Minister of Pakistan opening upon the Engage Africa Policy of the government was played for the audience.

The audience was assessed by Ambassador Sajid Bilal about the steps taken to enhance the engagement of Pak with Africa. In this regard, he highlighted the advancement made in consolidating Pakistan’s two-sided relationship with Egypt in all areas of mutual interest containing political, economic, commercial, and defense fields.

He expressed that modern Pakistan provides itself as a melting pot for optimistic worldwide interest by offering greater connectivity and economic bases as a progress strategy. He also marked the unstable focus of Pak from geo-politics to geo-economics.

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Pakistan introduces contactless biometric verification service for banking

September 11, 2021September 10, 2021 by Syed Ahad

For the banking and payments business, National Database and Registration Authority (Nadra) has introduced a contactless biometric verification service. The service was introduced during the visit of the State Bank of Pakistan (SBP) Governor to the nadra headquarters. Pakistan becomes the first country globally to install this technology. Banks will make use of the digital … Read more

Ukraine, the newest state to legalize Bitcoin and cryptocurrencies

September 10, 2021September 10, 2021 by Syed Ahad

Parliament of Ukraine has accepted a new law that authorizes and regulates cryptocurrency and other virtual assets like tokens.

The bill was approved in a near-unanimous vote and will now need to be signed by President Volodymyr Zelensky.

Ukraine is the fifth state in as numerous weeks to set up ground rules for digital currencies succeeding El Salvador’s move to adopt Bitcoin as legal tender.

However, Ukraine has not gone as far as El Salvador, which adopts Bitcoin as an authorized form of payment together with US dollars.

As per the Ukrainian draft bill, the law will order “legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, the principles of state policy in the field of virtual assets”.

Cryptocurrencies in Ukraine have long been in a grey part, being neither lawful nor banned due to a lack of present laws that defined them and their usage.

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After BTC, these alternative cryptos might see an increase in future

September 10, 2021 by Syed Ahad

Altcoins, or Bitcoin (BTC) alternate cryptocurrencies, are presenting a stellar performance, with some long-time competitors like Ethereum. Bitcoin, the world’s leading and first cryptocurrency, has left analysts speculating whether or not it will be able to keep its value intact. There are also rumors over a rush in the prices of altcoins. Here are some … Read more

The biggest bank of El Salvador collaborates with Flexa

September 10, 2021September 10, 2021 by Syed Ahad

Bancoagrícola will work with Flexa to accept BTC across the bank’s network for payments such as loans and credit cards.

Bancoagrícola, El Salvador’s biggest financial institution, is set to increase the country’s Bitcoin acceptance policy following its partnership with digital payments entrance Flexa.

According to a statement by Flexa, Bancoagrícola has inked a contract with the crypto payment network to allow Bitcoin (BTC) transfers for the bank’s customers, counting retail and merchant customers.

As part of the partnership, Bancoagrícola clients can make credit card payments denominated in US dollars through Flexa or further Lightning Network-enabled wallets like Chivo and Éclair. As per the release, these payments will not appeal to any additional fees and will cover loans and merchant goods, among others.

Flexa just added support for Lightning payment with the feature reportedly intended for merchant customers.

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Mastercard purchases cryptocurrency intelligence company

September 10, 2021 by Syed Ahad

Mastercard remains to strengthen its digital asset abilities, purchasing cryptocurrency intelligence firm CipherTrace.

CipherTrace analyses huge amounts of authorized blockchain transactions to build up insight on more than 900 cryptocurrencies.

Mastercard states that by mixing this with its own cybersecurity technology, it can give companies superior transparency into the crypto space, serving them to understand risks and achieve their digital asset regulatory and compliance obligations.

President, cyber and intelligence, Mastercard, says:

“With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

Cardano Price Prediction: ADA recovery could yield 10% increase

September 10, 2021 by Syed Ahad

Cardano’s price is now in a regaining phase but is soaring around a key fence. A decisive near above this level could generate an increase, but a failure to do so might kick-start a downtrend.

Cardano price increase 15% from the September 8 swipe low to where it is presently trading, $2.55. But, the resistance barrier at $2.55 is crucial and will benefit ADA choose directional bias. A decisive 4-hour candleholder near above it is expected to trigger an increase.

Assuming the bulls succeed to close above $2.55, investors can assume Cardano’s price has a resistance-free path up to $2.74. Though, overcoming this barrier and retesting the $2.82 upper limit will complete the 10% uptrend.

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Sindh government accepts all the demands of traders

September 10, 2021September 10, 2021 by Syed Ahad

The Sindh government allowed markets to open in Karachi and Hyderabad on Friday.

Leaders of the Karachi Traders Action Committee called on Provincial Minister Nasir Hussain Shah and demanded the reduction of safe days in Karachi and Hyderabad.

Nasir Shah allowed the traders to open the markets on Friday and informed the police and other concerned agencies in this regard.

Nasir Hussain Shah also directed the commissioner, deputy commissioner, and administration of the Karachi division and assured the traders that a notification would be issued soon.

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President FCCI: skilled manpower is essential to modernize industries

September 10, 2021 by Syed Ahad

President of Faisalabad Chamber of Commerce and Industry (FCCI) Engineer Hafiz Ehtesham Javed has said that highly educated and skilled manpower is essential to modernize the industries.

This also requires concrete steps for viable links between industry and academic, he said during a meeting.

He said that Allah Almighty has blessed Pakistan with a wealth of manpower and the share of the youth of productive age in our total population is 45%. A large number of them are working abroad and remittance of billions of rupees to the country annually.

He said that at present there are more than 100 research institutes in Pakistan while about one lakh graduates are graduating from national universities every year but their practical role in industries is almost non-existent.

“Our educational institutions will have to produce skilled people according to the needs of the market so that the quality of products can also be improved,” he said.

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EasyJet discards takeover proposal, plots $2.0 bn lifeline

September 10, 2021September 9, 2021 by Syed Ahad

British airline EasyJet on Thursday publicized it had forbidden an unwanted takeover approach from an unknown suitor and revealed plans to boost its finances battered by pandemic effect.

EasyJet said in a statement that the bid had unappreciated the group, adding that the suitor was no longer considering a proposal and that the airline would now sell new shares to increase around £1.2 billion ($1.6 billion, 1.4 billion euros).

EasyJet temporarily added that it had protected a new credit facility totaling $400 million.

The coronavirus crunch and travel limitations have rocked airlines globally.

Chief executive Johan Lundgren stated the financing enhancement would also place EasyJet for development, letting it take benefit of investment chances “as the European aviation industry emerges from the pandemic”.

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The price of nickel touches a record high since May 2014

September 10, 2021September 9, 2021 by Syed Ahad

Nickel price has touched a record high over $20,000 for the first time since May 2014. Nickel price increase by 2.06% to $20,090 per one tonne.

Aluminum has also broken a 13-year history, trading at $2,833.

The price has been increasing since Monday in the wake of an overthrow in Guinea that flashed fears over the steadiness of bauxite supplies.

Nickel alloys, including aluminum, are broadly used in end-use industries, such as aerospace, defense, chemical, energy, and automotive, among others, due to their brilliant erosion resistance, strength, toughness, metallurgical ability, and weldability.

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