Tag Archives: Crypto

Introduction: In a bold and visionary move, the administration of President Kennedy has unveiled a plan to reimagine the U.S. financial system by embracing the concept of a hard currency standard, with Bitcoin playing a central role. This potential policy envisions a future where the U.S. dollar’s eroding position as the world reserve currency is reinforced by the absolute scarcity …

Introduction: The State Bank of Pakistan (SBP) has reiterated its firm stance on cryptocurrencies, maintaining a ban on the trading and investment activities related to virtual currencies in the country. Despite the growing global interest in cryptocurrencies, SBP has shown no flexibility in allowing institutions to engage in cryptocurrency businesses within Pakistan. This article delves into the regulatory measures imposed …

Introduction: Standard Chartered, a prominent international bank, has made bold predictions regarding the value of Bitcoin, the leading cryptocurrency. According to Reuters, the bank anticipates a surge in Bitcoin’s price, with projections reaching $50,000 in 2023 and an impressive $120,000 by the end of 2024. Bitcoin’s Potential Growth: Standard Chartered initially published a forecast of $100,000 for Bitcoin by the …

Introduction: Avail, a project that emerged from Polygon, has unveiled an innovative solution to enhance data storage and verification for Ethereum’s secondary networks. Through the introduction of a data attestation bridge on its live testnet, Avail aims to address the data availability problem faced by layer 2 and layer 3 chains. This breakthrough technology has the potential to optimize transaction …

Introduction Cryptocurrency mining has become a popular way for enthusiasts to participate in blockchain networks and earn rewards. EO Finance Miner, a mining tool, offers the opportunity to mine XMR, a privacy-focused cryptocurrency. In this blog post, we will delve into the details of EO Finance Miner, assessing its legitimacy, profitability, and the cost considerations associated with mining XMR. EO …

Introduction In the realm of global finance, the emergence of cryptocurrencies has sparked a significant shift in the way we perceive and transact with currencies. While traditional fiat currencies have long dominated financial systems, digital cryptocurrencies have introduced a new paradigm. In this blog post, we will explore the fundamental differences between cryptocurrencies and traditional currencies, shedding light on the …

Introduction: The veil surrounding Tether’s financial operations has been partially lifted as recently obtained legal documents shed light on the stablecoin issuer’s banking relationships and exposure to commercial paper. Tether, known for maintaining the largest stablecoin in the crypto market, has long faced scrutiny and speculation regarding the backing of its digital currency. These newly released documents provide a rare …

Introduction: In a significant development for the cryptocurrency industry, the United States Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao. The SEC alleges that Binance failed to restrict US customers from its platform, misled investors regarding market surveillance controls, and operated an unregistered securities exchange. Furthermore, the …

In recent months, the cryptocurrency landscape in Pakistan has witnessed rapid growth, with an increasing number of individuals turning to digital assets as a response to the depreciation of the Rupee. While authorities in Pakistan have expressed their intention to ban cryptocurrencies, a recent survey conducted by global crypto exchange firm KuCoin reveals a different perspective among Pakistani crypto investors. …

In a recent session of the Senate Standing Committee on Finance and Revenue, Minister of State for Finance and Revenue Aisha Ghaus Pasha made a significant announcement regarding the status of cryptocurrency in Pakistan. According to multiple local media reports, Pasha stated that cryptocurrency services operating in the country will be banned, and crypto trading will never be legalized. This …