Crypto exchange Coinbase reported stronger-than-expected fourth-quarter profits, boosted by increased trading activity in Bitcoin and other cryptocurrencies after the U.S. election. Following Donald Trump’s win in the November presidential election, excitement around cryptocurrencies surged, driving Bitcoin’s value past $100,000 in the quarter. Investors were optimistic about more favourable crypto regulations under the new administration. It’s […]
In a petition filed against the illegal trade of cryptocurrency and digital forex, the Peshawar High Court has given the federal government a two-month deadline to introduce legislation on the matter. The hearing was conducted by Justice Syed Arshad Ali and Justice Khurshid Iqbal. During the proceedings, the Deputy Attorney General informed the court that […]
Pakistan’s energy sector is grappling with challenges, including high electricity tariffs and surplus generation capacity. The rapid expansion of solar energy has further complicated the landscape, as more consumers turn to alternative energy sources to mitigate high costs. Bilal Bin Saqib, chief executive officer of the council, told Reuters the location of the mining centre […]
As per details, Nawaz Sharif welcomed Mr Zhao’s appointment as strategic adviser to the Pakistan Crypto Council. The former premier described it as a significant step towards positioning Pakistan as a regional hub for Web3 technologies and digital finance. The meeting focused on embracing a vision of economic development driven by innovation and knowledge-based technologies. […]
The formal announcement was made during a high-level meeting held in Islamabad, attended by Zhao and representatives of the Pakistan Crypto Council. The session was chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb. The chairman of the Securities and Exchange Commission of Pakistan (SECP), the State Bank of Pakistan governor, and secretaries […]
The FIA has requested the court to grant custody of Armaghan to investigate his alleged involvement in money laundering. The trial court; however refused to grant his custody to FIA, maintaining that the authority to grant remand lies with the administrative judge. Armaghan was previously booked for his alleged involvement in forgery and fraud. A […]
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 […]
