Pakistan moves to regulate cryptocurrency, CBDCs as legal tender

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Former NFL player Joe Theismann thinks Bitcoin has drifted to the back burner, out of the public’s microscope. “It’s sort of been pushed way on the back shelf,” Theismann told Bloomberg in a Jan. 30 podcast interview. “I’m not saying that there isn’t a possibility for it to rise again at some point, but I think that…

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack? Around 69,000 Bitcoin has vanished from a South African investment platform along with two brothers who owned the crypto firm.Although the facts are yet to be proven in court, if it…

A Canadian Bitcoin (BTC) educator has scammed a crypto scammer and subsequently donated the money to charity.As the Canadian Broadcasting Corporation reported on Aug. 7, Ben Perrin — a YouTuber who runs an education channel about cryptocurrencies and a marketing director at a Bitcoin exchange — received a scam message offering an investment scheme that…

Since Bitcoin hit its all-time high of $20,000, the dominant cryptocurrency has seen more than an 80 percent decline in value from that historic milestone over the past 12 months.The popularity of Satoshi Nakamoto’s Bitcoin pioneered the way for other projects to explore the possibilities of blockchain technology. The brightest minds pushed the boundaries, which…

The price of Bitcoin (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%.The daily chart of Bitcoin. Source: TradingView.comThree factors likely contributed to the abrupt drop of Bitcoin include miners, a strong dollar…

According to the investigation, the world's largest crypto exchange pursued growth while dodging regulatory scrutiny. In a report published on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume.The authors suggest the existence of a recurring pattern whereby the company’s…

Kahina Van Dyke, former senior vice president of business and development at blockchain firm Ripple, took on the role of Global Head, Digital Channels and Client Data Analytics at major bank Standard Chartered.According to an official announcement published by Standard Chartered on Feb. 19, Van Dyke joined the bank’s Corporate, Commercial and Institutional Banking (CCIB)…

Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The 2-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts.To date, Bitcoin price is 65% down for 2022, but it's essential to compare its price action against the…