PayPal has just rolled out a major upgrade to its crypto ecosystem, allowing U.S. businesses to accept payments in more than 100 cryptocurrencies—a move that could dramatically reshape how online commerce works. Popular wallets like Coinbase, MetaMask, Binance, and Kraken are supported, giving users a wide range of options. Once a customer completes a purchase, … Read more
Elon Musk, the executive chair and chief technological officer of X (previously known as Twitter), is under scrutiny following the suspension of an XRP-related account. Crypto Eri, a major player in the cryptocurrency world, contacted Elon Musk directly on the X platform to inquire about the suspension of the XRP-related account, inquiring whether it was … Read more
Sam Bankman-Fried has consented to be extradited to the US to face charges. Sam Bankman-Fried has committed one of the greatest financial frauds in US history. Cryptocurrencies are not conventional money; instead, they are digital assets. Sam Bankman-Fried, the CEO of the defunct cryptocurrency exchange FTX, has consented to be extradited to the US to … Read more
Voyager Digital suspends trading, deposits, withdrawals, and loyalty awards. Company is “actively pursuing all possible remedies” to recover more than $650 million it lent to insolvent hedge fund. Cryptocurrency broker has provided Voyager with cash and bitcoin loans totaling $485 million. As a result of the impact from its loan to the faltering hedge fund … Read more
Cryptocurrencies show signs of recovery in wake of last week’s crash. Several market observers point to preliminary indications that prices have reached a bottom. MVIS Cryptocompare Digital Assets 100 index rose 4.9% as of 17:30 GMT on Monday. In the wake of last week’s crash, cryptocurrencies showed cautious indications of recovery, with tokens like Avalanche … Read more
Asian equities have been frequently up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine battle and Chinese lockdowns weigh on sentiment. World markets have been risky for plenty of 2022, with investors fretting approximately supply chain snarls due to China’s Covid curbs and … Read more
PARIS: The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art and people wanted to know who they were. Under the pseudonyms ‘Gargamel’ and “Gordon Goner”, they created the “Bored Ape Yacht Club”, a collection of 10,000 cartoons of apes with various hairstyles and outfits. … Read more
WASHINGTON: Top officials at the US Federal Reserve will be banned from holding individual stocks, bonds, cryptocurrencies and certain other investments under new rules adopted on Friday, after controversial trading activity led to high-profile resignations last year. Under the regulations adopted unanimously by the policy setting Federal Open Market Committee (FOMC), central bank leaders including … Read more
WASHINGTON: An official US digital currency could offer potential benefits to American consumers and businesses, but it is not clear they would outweigh the potential risks, the Federal Reserve said. In a long-awaited report on central bank digital currencies (CBDC), the Fed stressed that it is not taking a position nor does the paper signal … 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
KARACHI: Pakistan’s Federal Investigation Agency (FIA) has issued a notice to summon representatives of a global cryptocurrency exchange, Binance, in a multibillion rupees scam, official sources said on Friday. It was the first time that the local investigation agency engaged the international cryptocurrency exchange in a scam. According to details some mobile applications were offering … Read more
Pakistan is indeed a poor, debt-ridden country, but a handful of Pakistanis are super-rich and playing it big in the shadowy cryptocurrency market. If one believes the authenticity of a recent report issued by the country’s apex trade body, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), then Pakistanis are holding a staggering $20 … Read more
LONDON: From the great lockdown, to the great rebound? At the start of this year the world was optimistic that the development of pioneering vaccines would restrict the global spread of the Covid-19. December 2020 marked the date when vaccinations for the virus first began to be administered around the world. Since then, the death … 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
DUBAI: The Dubai World Trade Centre will become a crypto zone and regulator for cryptocurrencies and other virtual assets, Reuters quoted the Dubai Media Office, as saying, part of efforts to attract new business as regional economic competition heats up. The move by the DWTC to create a specialized zone for virtual assets, including digital … Read more
RIYADH: The price of cryptocurrencies listed on Coinbase, the largest US crypto exchange, and popular data provider CoinMarketCap.com fell briefly on Tuesday, Arab News reported. Several tokens showed astronomical gains that sent users rushing about huge windfalls, Bloomberg reported. CoinMarketCap.com said in a statement that the issue has been resolved, and Coinbase said the same on Twitter, … Read more
RIYADH: Switzerland’s largest online bank, Swissquote, is preparing to launch its own cryptocurrency trading platform, Arab News reported. The company plans to open its crypto exchange before the end of the first half of 2022, Jan De Schepper, chief sales and marketing officer at Swissquote, was quoted as saying by Finews.asia publication. Swissquote wants to become “the … Read more
PARIS, Dec 7, 2021 (AFP) – French video game giant Ubisoft on Tuesday launched a platform allowing players to acquire and play non-fungible tokens (NFTs) in its games, in the gaming industry’s first large-scale experiment with blockchain technology. NFTs are unique digital items that can be traded and are shaking up the worlds of culture and entertainment, … Read more
