PARIS: Sam Bankman-Fried donned a suit and tie this week, abandoning his preferred hoodie and dark T-shirt for a hearing before US Senators. The lawmakers had summoned the 29-year-old multi-billionaire on Wednesday to discuss the regulation of digital assets in his capacity as co-founder and CEO of the cryptocurrency exchange platform FTX. Less than three … Read more
Cryptocurrency logos in the packaging of grocery store items, he knew he had a problem. Danzico had been swept up in the global craze for trading digital currencies during the pandemic, and very quickly it had grown into an obsession. “I would have these sleepless nights where I’d be tossing and turning, trying to get … Read more
WASHINGTON: The IMF called on El Salvador to change course and stop using Bitcoin as legal tender, citing “large risks” posed by the cryptocurrency. The small Central American nation in September became the first country in the world to embrace the digital money, allowing consumers to use it in all transactions, alongside the US dollar. … Read more
DUBAI – The world’s largest known cut diamond went on public display for the first time ahead of its sale, when it is expected to reach five million dollars. The Enigma, the name of the rare black carbanado diamond, was put on display in Dubai, in the United Arab Emirates. The diamond is believed to … Read more
According to Sources, the Pakistan Telecommunication Authority (PTA) would soon ban websites dealing in cryptocurrency in the country. The PTA has received a letter in this regard from the Federal Investigation Agency (FIA), and its enforcement division is now attempting to find a means to restrict these websites. Earlier this week, the FIA indicated that … Read more
Federal Minister of Science and Technology, Senator Shibli Faraz on Tuesday said that the people were turning to cryptocurrency without proper planning however the government control was essential for prevention from loss and ensuring transparency. He further said that the government intended to regularize the cryptocurrency for which the State Bank of Pakistan, Securities and … Read more
PRISTINA: Kosovo police has seized hundreds of cryptocurrency mining machines and arrested one person in the tense ethnic-Serb majority north as the country suffered an energy crisis. Cryptocurrencies like Bitcoin are created through solving complex equations — an endeavour that consumes enormous amounts of energy Tensions between the Serb-majority area and the ethnic Albanian majority … Read more
LONDON: Cryptocurrency dogecoin jumped more than 20 per cent on Friday as Tesla began accepting it as payment for merchandise in its online store, Arab News reported. Tesla chief executive officer Elon Musk tweeted: “Tesla merch buyable with Dogecoin,” delivering on a pledge he made in December 2021. The digital coin, originally created as a joke … Read more
Pakistan is experiencing a cryptocurrency movement lead by Waqar Zaka, On Twitter, a ‘crypto influencer’ and TV host who has become a hero for many people online. Pakistani Twitter hashtags include #TechnologyMovementDharna, #youthwantscrypto, and #IstandWithWaqarzaka. In 2019, Zaka had filed a petition in Sindh High Court for legalising crypto currency in Pakistan. The case resulted in the … Read more
Pakistani youth have warned that if the government decides to ban cryptocurrency, they will stage sit-ins to protest the decision. They further stated that if the government enforces the ban, they will not vote for Prime Minister Imran Khan in the upcoming elections. The youth are threatening to march to D-Chowk in Islamabad for the … Read more
KARACHI: A high-level committee constituted by the Sindh High Court (SHC) on Wednesday recommended a complete ban on all cryptocurrencies in Pakistan. The high court on October 20, 2021 constituted a committee headed by the State Bank of Pakistan (SBP) deputy governor to consider the trade/transactions of any kind of cryptocurrency in Pakistan. The SHC … Read more
Waqar Zaka is a Pakistani crypto entrepreneur, activist, and television broadcaster. he is getting a strange call from an unknown number who threatens him not to appear in Sindh Court tomorrow. He tweeted about the threat he received “I am getting strange calls from unknown numbers that I should not appear in Sindh Court tomorrow … Read more
LONDON: The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year’s outcome for the volatile sector. Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into … Read more
KARACHI: Cryptocurrency prices went on another roller coaster this past year: surging, plunging and then cycling again. This price move trend usually comes from spot market manipulations by option sellers (mostly institutional traders) to push the spot price closer to the strike price at which the highest number of open options contracts expire worthlessly. Bitcoin, … Read more
RIYADH: Bitcoin, the leading cryptocurrency, traded higher on Tuesday, rising by 6.62 per cent to $48,886 at 5:16pm Riyadh time, after recording a decline over the past few weeks, Arab News reported. The price is down more than 33 per cent from an all-time high on November 10. Many analysts expected the price of Bitcoin to be … Read more
Adidas has teamed up with non-fungible token specialist Bored Ape Yacht Club, cryptocurrency investor Gmoney, and Punks Comic to release its own set of NFTs as the sportswear brand pushes further into the metaverse, Reuters reported. The Adidas Originals NFT collection, which went on sale Friday, provides access to virtual wearables for blockchain-based gaming metaverse The Sandbox. … Read more
LAHORE: The Lahore High Court (LHC) on Friday directed the Security Exchange Commission of Pakistan (SECP) to hold a meeting with all stakeholders to determine the legal status of cryptocurrency and submit a report in this regard on next hearing. Justice Jawad Hassan was hearing a writ petition challenging the jurisdiction of a special court … Read more
RIYADH: Binance, the largest cryptocurrency exchange, is set to sign an initial agreement with the Dubai government regarding crypto-related activities, Asharq reported. Dubai is one of the candidates along with France to be the global headquarters of Binance. Changpeng Zhao, the CEO and co-founder of Binance bought his first home in Dubai in October. He also said … Read more
