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 […]
cryptocurrency
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 […]
China’s crypto-miners look abroad as regulators tighten noose
When a prefecture in northwestern China’s Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients’ machines southward, spending over a week to reassemble in Sichuan. But after the shift, he received another notice — authorities in southwestern Sichuan were also putting a stop to the industry, in […]
Regulating Crypto: An uphill task for Pakistan
The Laws and regulations play an important role in the governance and the legal framework of any country. Through effective laws and regulations governments achieve their goals of economic growth and stability, alleviation of poverty, ensuring human rights, as well as safeguarding the fundamental rights of all citizens. In the same vein, the constitution of […]
Waqar Zaka appointed KP govt’s cryptocurrency expert
PESHAWAR: The Khyber Pakhtunkhwa government has appointed television host turned cryptocurrency expert Waqar Zaka crypto expert, he revealed in a tweet. In the tweet, he said, “I’m hired as a crypto expert by government of Pakistan and I have decided not to charge a single penny and I will provide all my services for free.” […]
Ethereum breaks past $3,000 to quadruple in value in 2021
Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system. Ether , the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange […]
Bitcoin declines 17% as doubts grow over valuations
SINGAPORE: Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world’s biggest cryptocurrency suffered its biggest daily drop in a month, falling as low $45,000. Bitcoin was last down 11.3% at 0939 GMT. The drop extended a slump of nearly […]
Bitcoin holds above $7,000 after hitting nine-month high
Bitcoin hovered above $7,000 (5,381 pounds) on Monday, close to nine-month highs, as the biggest cryptocurrency’s 2019 rally gathered steam. Bitcoin was last up 1.1% at $7,056 on the Bitstamp exchange after soaring 14% on Saturday – its second largest daily jump this year – to its highest since early August. Analysts and traders said […]