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Bitcoin falls 9.3% to $36,955, dollar slides

NEW YORK: Bitcoin dropped 9.28% to $36,955.03 on Friday, losing $3,781.02 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 2.4% from the year’s low of $36,146.42. Ether, the coin linked to the ethereum blockchain network,

SBP recommends complete ban on cryptocurrencies

KARACHI: The State Bank of Pakistan (SBP) and the federal government have recommended a complete ban on the use of all cryptocurrencies, according to a report submitted to the Sindh High Court (SHC) on Wednesday. The SHC has been hearing

Standard Chartered joins Global Digital Finance alliance

Standard Chartered announced it has joined the Global Digital Finance (GDF) Patron Board, a unique international alliance of some of the world’s most innovative cryptonatives, fintech companies and banks. The first bank to join the association as a patron member,

Britain bans Binance in cryptocurrency crackdown

LONDON:  Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally. The Financial Conduct Authority (FCA)

Bitcoin prices plunge as China launches crackdown on cryptocurrency

SAN FRANCISCO: Bitcoin’s value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 — less than

US cryptocurrency exchange Coinbase to list on Nasdaq

SAN FRANCISCO: The largest US cryptocurrency exchange Coinbase Global will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset. The listing is by far the biggest yet of

Software icon McAfee charged in cryptocurrency scam

WASHINGTON: The creator of McAfee computer security software is facing charges that he cashed in on a “pump-and-dump” scheme, by promoting cryptocurrencies on Twitter to drive up their value. John McAfee, founder of the antivirus firm that bears his name,

Bitcoin tops $50,000 as it gains mainstream acceptance

LONDON: Bitcoin rose above $50,000 for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Bitcoin hit a record $50,603 on Tuesday and was last

Netizens demand govt to legalise bitcoin in Pakistan

Social media users on Twitter have demanded to legalise Bitcoin, a cryptocurrency that was created in 2009. A hashtag named “WaqarZakaWasRight” is trending on Twitter as the social media celebrity was the one who initiated to work on legalizing the

Efforts to legalise cryptocurrency producing results: Waqar Zaka

KARACHI: TV show host and social worker Waqar Zaka has expressed delighted that his efforts to legalise cryptocurrency in the country are bearing fruits as the Khyber Pakhtunkwa passed a draft resolution to legalise the virtual currency. Advisor to Chief

Tania Aidrus vows to bring Paypal, cryptocurrency to Pakistan

KARACHI: The head of Prime Minister’s ‘Digital Pakistan’ initiative, Tania Aidrus, has pledged to bring digital payment provider PayPal and introduce cryptocurrency in the country. The former Google Executive said that she will play her role in solving the problems