Cryptocurrencies will “never be legalized in Pakistan,” said Minister of State for Finance and Revenue Aisha Ghaus Pasha.

Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular

Pakistan's government has hardened its stance against cryptocurrencies, even as retailers continue to hedge their financial bets against a devaluing Pakistani rupee partly due to a volatile ...

11 months ago

Some of Japan’s biggest businesses have asked the nation’s government to make crypto tax reforms, as the country continues to pivot to Web3 and crypto.

Major Japanese Businesses Ask Gov’t to Reform Crypto Tax System

Per an official Japan Association of New Economy (JANE) announcement, the group has submitted a tax reform proposal to Tokyo. JANE has asked the government to “reduce tax ra...

11 months ago

Bitcoin's market share of all cryptocurrencies rises to highest since April 2021.

Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle

Bitcoin (BTC) continued to outperform the cryptocurrency market as Ethereum's ether (ETH) and decentralized finance, or DeFi, tokens slid Tuesday. BTC, the larg...

11 months ago

Fake news on Bitcoin ETF, initially posted by Cointelegraph, forced a whale to buy an astounding amount of Bitcoin Futures.

Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news

A whale made a Bitcoin (BTC) futures purchase of $5.7 billion following the false report suggesting that BlackRock, the world’s largest asset manager, had obtained approval for a BTC spot ...

11 months ago

Ark Invest Points Fingers at Gary Gensler

Ark Invest’s Cathie Wood Blames Gary Gensler for Obstructing Proposed Spot Bitcoin ETFs and Not SEC

Influential investor Cathie Wood, CEO of Ark Invest, said that the researchers at the US Securities and Exchange Commission (SEC) are “really good”, and it’s the agency’s...

11 months ago

New York district judge orders crypto lender Genesis to produce documents related to the collapse of algorithmic stablecoin TerraUSD.

Genesis ordered to comply with subpoena in TerraUSD collapse case

Genesis, a renowned crypto lending firm, has been commanded by a New York district judge to adhere to a subpoena. This decision was taken after the firm allegedly did not provide certain documen...

11 months ago

Latam Insights: Venezuela and Argentina Leverage 'Unique' Crypto Use Cases, Brazilian Congress Advises Indicting CZ

Chainalysis: Argentina and Venezuela Present Unique Crypto Use Cases According to a recent article referencing Chainalysis 2023 Geography of Cryptocurrency Report, Venezuela and Argent...

11 months ago

Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.

Bitcoin Jumps to Near $28K as Bulls Bet on ETF Approval

Bitcoin (BTC) jumped some 4.5% in the Asian morning hours Monday amid hopes that a bitcoin exchange-traded fund (ETF) could get approved in the coming months, sparking bullish hopes. B...

11 months ago

Beware of the El Paso Crypto Scam: Fake FBI Letters Preying on Identity Theft Fears

Texas city locals warned of crypto scam impersonating FBI

The Federal Bureau of Investigations (FBI) in El Paso has warned the city’s residents of a crypto scam that convinces targets to send cryptocurrency and other funds, under the guise that t...

11 months ago

CBDC Programmability Can Be Used for Macro Economic Management

China's FX Minister Suggests CBDC Programmability for Macroeconomic Management

An official from China's foreign exchange regulatory body has suggested the potential use of "programmable features" within China's Central Bank-Backed Digital Currency (CBDC) ...

11 months ago