TOKYO – The U.S. dollar weakened on Friday as concerns about the economy and global trade tensions encouraged expectations of more interest rate cuts by the Federal Reserve. The dollar index, which tracks the greenback against a basket of currencies, was little changed at 98.23, but is set for its biggest weekly drop in almost […]
cryptocurrency
Bitcoin drops 8% as Trump’s tariff war with China rattles global markets
NEW YORK – Bitcoin, the world’s biggest cryptocurrency, dropped 8.4% on Friday after US President Donald Trump intensified his trade fight with China. Trump announced 100% tariffs on Chinese exports to the US and new export controls on “critical software,” following China’s limits on rare earth exports used in tech and manufacturing. Read More: Crypto […]
Govt working to regulate cryptocurrency: Tariq Fazal
Federal Minister for Parliamentary Affairs Dr. Tariq Fazal Chaudhry on Friday informed the National Assembly that the government has formally established the Pakistan Crypto Council under the prime minister’s directives to develop a regulatory and operational framework for cryptocurrency in the country. Responding to questions during the Question Hour, the minister clarified that the government […]
Finance minister pushes for AI and Crypto growth
Federal Finance Minister Muhammad Aurangzeb has urged Pakistan to speed up its adoption of new digital technologies. He highlighted the importance of blockchain, artificial intelligence (AI), cryptocurrency, and Web 3.0 for building a stronger economy. Speaking at a summit in Islamabad, he stressed that the country must not fall behind global trends in technology and […]
Finance ministry takes charge of crypto rules, excludes science ministry
The Ministry of Finance has taken over Pakistan’s cryptocurrency regulations, pushing the Ministry of Science and Technology aside. The Science Ministry, led by Dr. Khalid Maqbool Siddiqui, had been working on rules for digital assets with help from various government officials. However, the Finance Ministry’s control over financial policies allowed it to step in. Before […]
After FTX collapse, cryptocurrency sector fights back
The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it. The boss of the largest cryptocurrency exchange platform, Binance, did everything to reassure investors on Tuesday. “The projects that survive this difficult time will be much stronger later on,” said […]
Iran makes first import order using cryptocurrency
Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported. A move that could enable the Islamic Republic to circumvent U.S. sanctions that have crippled the economy. The order, worth $10 million, was a first step towards allowing the country to trade through digital assets. It bypasses the dollar-dominated […]
US crypto expert jailed for 63 months for helping North Korea
A US cryptocurrency expert was sentenced to 63 months in prison for advising North Korea on how to create cryptocurrency services and blockchain technology to circumvent US sanctions over its nuclear program, court officials in New York said. Virgil Griffith, 39, had pleaded guilty to conspiring to violate US law, in a bid to reduce the sentence […]
When is the best time to buy cryptocurrency?
Recently, cryptocurrency values have plummeted. As of this writing, the price of Bitcoin is $45,859.06 (Rs.7,706,179.37), having dropped by over half since mid-April. Ether (ETH) is currently trading at $3,394.30 (Rs.570,379.87), while Dogecoin (DOGE) is trading at $2.47 (Rs.415.06), down a stunning 73 percent from its May peak. However, potential investors perceive this volatility as […]
UK police seize ‘record’ haul of cryptocurrency
London police have seized a trove of cryptocurrency worth £114 million ($159,000) that criminals were planning to launder, the UK’s largest-ever seizure of digital currency. The Metropolitan Police said late Thursday that detectives had seized the digital currency after receiving information about the transfer of criminal assets. The statement did not say what type of […]