While Russia has publicly encouraged the use of cryptocurrency and last summer passed a law to allow digital currency payments in international trade, its use in the country’s oil trade has not previously been reported. Some Russian oil companies are using bitcoin, ether and stablecoins such as Tether to smooth the conversion of Chinese yuan […]
Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of cryptocurrencies including bitcoin, ether, XRP, Solana, and Cardano. The names had not previously been announced. More than an hour later, Trump added: “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at […]
These updates give a glimpse of the most recent trends and movements in the cryptocurrency world by reflecting the most recent values in the US dollar (USD) and Pakistani rupee (PKR) markets. We get into the mechanics of these adjustments here, providing a thorough rundown of the most recent rates and their effects on traders […]
Bitcoin, the world’s biggest and best-known cryptocurrency, hit a high of $106,533 and last traded at $105,688. Smaller crypto ether rose nearly 3% to 4,014. “We’re in blue sky territory here,” said Tony Sycamore, an analyst at IG. “The next figure the market will be looking for is $110,000. The pullback that a lot of […]
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 […]
