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Crypto Currency
Crypto currency is a digital or virtual form of currency that uses cryptography for security, making it difficult to counterfeit. These decentralized systems are based on blockchain technology—a distributed ledger enforced by a network of computers. Cryptocurrencies like Bitcoin and Ethereum offer a new way of transactions without the need for traditional banks. They have become popular for their potential for high returns, privacy, and their challenge to conventional financial systems.
FATF urges the G7 to bring order to ‘lawless crypto space’
FATF Secretary-General T Raja Kumar stated that combating illicit digital financial flows necessitates "coordinated global action."...
Senate committee to ban cryptocurrencies forever soon
Informed that the State Bank of Pakistan (SBP) and the Ministry of IT & Telecom have...
As businesses use Crypto eagerly, Russia to pass 4 new laws
According to a senior member of the Russian parliament, the country's MPs want to enact four...
CEO of OpenAI assure to achieve $100 mn goal for Worldcoin
If OpenAI CEO Sam Altman is successful in raising $100 million, it will be a rare...
Binance leaves Canada due to new crypto legislation 2023
Binance announced it was leaving Canada just weeks after the government introduced strict new regulations for...
Meta introduces a generative AI-powered ad product suite
The new technology was announced by Facebook's parent company at a New York event. According to...
Silvergate Bank will fired 230 workers as it sets for penury
According to a May 11 SEC filing, Silvergate Bank will significantly reduce its staff headcount as...
MakerDAO is planning a “endgame” for AI governance
MakerDAO announced a new governance model on May 11 that will include artificial intelligence (AI) and...
SBP lacks details on cryptocurrency trading by Pakistanis
An official document made available with a local blog website discloses that the State Bank of...
$120 mn liquidation recorded in crypto market in last 24 hr
Long holdings accounted for 70% of the $120 million in liquidation in the bitcoin market during...
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