On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases. The market value of Bitcoin, the largest cryptocurrency, dropped roughly […]
The crypto craze is spreading over the world, with more people choosing to invest in it. Many people have just become multimillionaires thanks to the cryptocurrency market. On the other hand, it turned out to be a disaster for […]
In May 2022, the global financial market witnessed another unprecedented event that sent ripples through investment markets. The month saw the global cryptocurrency market crash and a modest chunk of market participants rushed to safeguard their investment by selling off […]
An affiliate of the company behind collapsed stablecoin TerraUST said on Monday it had spent the bulk of its reserves trying to defend its dollar peg last week, and would use the remainder to try to compensate some users who […]
Mr. Zeeshan Ahmed, Country General Manager for Rain Financial Inc., claimed that simply allowing crypto trading in Pakistan could produce at least $100 million in taxes in a year – or Rs. 20 billion. Mr. Ahmed was referring to […]
Today in El Salvador, delegates from Pakistan and 43 other countries convened to discuss Bitcoin adoption and other concerns relating to the digital economic framework. International media outlets reported on Tuesday that officials from each country’s financial institutions and […]
According to the Financial Times, the creator of cryptocurrency exchange FTX believes bitcoin has no future as a payment network and has attacked the digital currency for its inefficiency and huge environmental costs. The “proof of stake” network is […]
Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $32,763.16 shortly […]
Fasset, a digital asset gateway, has raised $22 million in Series A funding and plans to offer services in Pakistan and Indonesia shortly. Liberty City Ventures and Fatima Gobi Ventures led the Series A funding round, with participation from […]
Nexo, a cryptocurrency lender, announced a partnership with Mastercard to produce the world’s first “crypto-backed” payment card on Wednesday. As digital assets grow more widespread, it is the latest step by crypto and established banking networks to link together. […]
