In March, FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing $8 billion from customers. “The order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement, which will be used to further compensate victims for losses suffered as a result of the massive fraudulent scheme orchestrated by […]
The plunge marks a stunning reversal for the sector. Until recently, a wave of optimism was sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether, the two biggest cryptocurrencies. Republican presidential candidate Donald Trump’s pro-crypto speech at a bitcoin conference last month also bolstered sentiment, but data […]
Despite being known for its booming tech industry and tech-savvy people, India surprisingly falls behind Pakistan in terms of being friendly towards cryptocurrencies. While India holds the 11th spot on the list of most crypto-friendly nations, Pakistan ranks 10th. This difference comes at a time when cryptocurrency ownership is on the rise globally. In 2023 […]
A slew of crypto-related accounts in China’s Twitter; like the Weibo platform; was blocked over the weekend; as Beijing stepped up a crackdown on bitcoin trading and mining. More actions are expected; including linking illegal crypto activities in China more directly with the country’s criminal law; according to analysts and a financial regulator. Last month; […]
The crypto bubble that inflated Bitcoin’s value past $1 trillion and added billions to nonsense digital tokens overnight is bursting. Bitcoin plunged almost 22% to $35,000, wiping out more than $500 billion in value from the coin’s peak market value. It has erased all the gains it clocked up following Tesla Inc.’s Feb. 8 announcement […]
Pakistan’s first-ever #cryptomining farm based on hydropower has been established in Khyber Pakhtunkhwa. Local #crypto evangelist @waqarzaka sharing a video of the site on his official Facebook page. The Living on The Edge host initiated the small-scale crypto mining project; after receiving approval from the KP government in the name of research and development. “All I […]
