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; […]
After the People’s Bank of China issued a statement stating that digital tokens cannot be used as a form of payment, Bitcoin and other major cryptocurrencies dropped. The biggest token went below $40,000 for the first time since early February; falling as much as 10% to $38,973 on Wednesday; following a weeklong decline sparked by […]
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 […]
The rupee weakened on Monday, as the dollar demand from importers and corporates, looking to meet month-end commitments, weighed on the domestic currency, dealers said. In the interbank market, the rupee lost 0.38 percent, or 62 paisas, against the dollar, as it closed at 160.71/dollar, compared with 160.09 on Friday. The rupee ended weaker at […]
Pakistani rupee became the third best-performing currency in Asia. After the currency hit an almost eight-month high at Rs158.91 against the US dollar in the interbank market on Monday, experts said. The development may help to tackle high inflation. Pakistan has turned a net importer of wheat, sugar, and cotton this year to improve supplies. […]
The foreign exchange reserves held by the central bank rose 0.45% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 23, the foreign currency reserves held by the SBP were recorded at $12,121.5 million; up $55 million compared with $12,066.6 million in the previous week. […]
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