Pakistan considers rupee-backed stablecoin to boost financial access
Key takeaways Pakistan may launch a rupee-backed stablecoin to enhance financial access and modernize payments. This initiative is being considered alongside the creation of comprehensive regulations for digital assets. Share this article Pakistan is exploring the launch of a rupee-backed stablecoin, a cryptocurrency designed to maintain value stability by pegging assets, as part of broader efforts to boost financial access and modernize its payment systems. according to Daily Times. Policymakers are evaluating the launch of a stablecoin alongside comprehensive digital asset regulations to prevent missed economic opportunities. The proposed digital asset aims to improve cross-border financial transactions and transfers for…
Convicted FTX Founder Tries to Rewrite History Again: Critics Instantly Tear Him Apart
Once again, disgraced FTX founder Sam Bankman Fried weighed in on the exchange’s bankruptcy discussion after responding to a sarcastic post by one of the company’s creditors who accused court-appointed CEO John J. Ray III of intentionally holding the platform “completely solvent” in bankruptcy in order to generate record fees and destroy real estate values. The creditor alleged that billions in valuable stocks and venture interests were sold at deep discounts, that assets were mishandled, recoveries were mismanaged, and subsidiaries were forced into bankruptcy without the authority of the board of directors. SBF X account replied, “I don’t completely agree…
Is The Bitcoin Price Bottom In? Latest On-Chain Data Suggests So
As the Bitcoin market continues to experience a wave of sales, which began in mid-October, the latest on-chain data paints a rather optimistic picture for the future of the cryptocurrency. The question is – has Bitcoin hit bottom? Is a BTC price reversal imminent? In a recent Quicktake post on the CryptoQuant platform, a cryptocurrency critic with the pseudonym Sunny Mom subscriber A downward formation of the Bitcoin price may be just around the corner. Sunny Mom’s post was based on four different on-chain metrics, all of which look at the behavior of Bitcoin market participants. The first is the…
Bitcoin Miners Struggle As Hashprice Collapses
Reliable editorial Content, reviewed by leading industry experts and seasoned editors. Advertisement disclosure The Bitcoin mining industry is feeling increasing pressure as a key profitability metric, the hash price, slides toward levels that could push smaller operators offline and put pressure on mining equipment providers and service partners. The retail price is approaching the risk level By industry ReportsThe retail price — the expected daily revenue per unit of computing power — is about $42 per PH/s today, down from $62 per PH/s in July. This decline towards the $40 mark is forcing some smaller, less efficient miners to consider…
Banks Are Pushing Back Against Crypto Regulation: Here’s How
Banks use their agents, organizations such as the Institute for Banking Policy and Better Markets, to promote approval or modification of existing regulations to influence the level of participation of cryptocurrencies and stablecoins in US retail and institutional markets. Banks take action against current and upcoming cryptocurrency regulation, facts banks are taking action now […]
Bitcoin Reaching $250K This Year May Not Be A Good Sign: Analyst
Bitcoin hitting a quarter-million dollars this year may be more trouble than it’s worth, according to a macro analyst. “One of the worst things that could happen is that Bitcoin hits $250,000 and the S&P hits $8,000 in about a 3-month period,” macro analyst and investor Mel Matteson told cryptocurrency pioneer Anthony Pompliano in an interview. published On YouTube on Friday. “And you get this explosive top, everyone rushes to the exits to take profits, and the price starts to fall,” Matteson said. Bitcoin (Bitcoin) The jump to $250,000 would represent an increase of approximately 142% from its current price…
Cardano whales sell 4M ADA – Yet THESE signs hint at a $1 target
Key takeaways Why are whales selling less, and what does this mean for the price of Cardano? Whales have slowed their sales, while retailers are accumulating ADA, signaling a shift towards cautious optimism and early signs of a recovery phase. How do derivatives metrics indicate strengthening Cardano price momentum? Rising open interest, dominant buying, and shrinking short liquidations reflect improved trader confidence and growing bullish sentiment in ADA markets. Whales sold more than 4 million ADA last week, sparking renewed debate about Cardano [ADA] Price path as individual investors return to the market cautiously. After a week of heavy whale…
BNB Chain and Four Meme Complete 4th Reload Airdrop, Reaching 150K Users
Reload your Airdrop campaign with BNP Series Four Meme was able to reach another milestone with the completion of the fourth round of distribution. Information provided by on-chain analysis system Lookonchain proves that 6,717 BNB worth around 6.4 million were dropped to 31,425 wallets in the last round supported by BNB Chain. The fourth batch of the $45 million Reload Airdrop has been completed – 6,717 $BNB($6.4 million now) distributed to 31,425 wallets.To date, Airdrop has had $45 million worth of reloads @BNBCHAIN and @four_meme_ 29,000 were dropped by air $BNB($27.61 million now) to 151,419 wallets across 4 payments. https://t.co/jNOzj32BJD…
Bitcoin Retests $100K As Altcoins Search For Stability
Key points: Bitcoin remained above $100,000 on a closing basis, but the risk of a collapse remains until the price rises above $108,000. Many major altcoins are holding on to their support levels, but a weak bounce increases the risk of a collapse. Bitcoin (Bitcoin) rose above $101,000, indicating that the bulls are aggressively defending the $100,000 support level. Many analysts say BTC could bottom near $100,000, but Bloomberg analyst Mike McGlone said in a post on X that BTC could collapse to $56,000. However, not everyone is skeptical about BTC. JPMorgan analysts said in a report: BTC is trading…
Spanish Institute To Sell Forgotten $10K Bitcoin Stash For $10M
join us cable A channel to stay up to date with the latest breaking news A Spanish research institute is set to profit from a forgotten $10,000 Bitcoin purchase from 2012 that rose 1,000-fold to $10 million. The Institute for Technology and Renewable Energies (ITER), run by the Tenerife island council, acquired 97 bitcoins more than a decade ago as part of a blockchain research project, Insider reported. A a report By the Spanish newspaper. Juan José Martinez, an innovation consultant in Tenerife, said the council is now finalizing plans for the sale with an accredited Spanish financial institution. Proceeds…