Pakistan Announces Ban on Cryptocurrency Services and Firm Stance Against Legalizing Crypto Trading

Pakistan Announces Ban on Cryptocurrency Services and Firm Stance Against Legalizing Crypto Trading

Aisha Ghaus Pasha, the minister of state for finance and revenue, declared that Pakistan would outlaw cryptocurrency services operating in the country and reaffirmed that the government has no plans to legalize cryptocurrency trading during a meeting of the Senate Standing Committee on Finance and Revenue on May 16.

Bitcoin & cryptocurrency news

Turkey Takes the Lead: Crypto Ownership Surges by 27%, Making it the Fastest-Growing Crypto Market

The "Death Of The Lira" Is Fueling A Massive Spike In Bitcoin, USDT Activity In Turkey

Turkey has seen a huge increase in cryptocurrency ownership as the country’s inflation rates skyrocket, according to GWI Research. With a 27.1% increase in ownership from July-September 2021 to July-September 2022, Turkey had the biggest growth in cryptocurrency ownership, according to the survey, which looked at people between the ages of 16 and 64. Argentina […]

Bitcoin & cryptocurrency news

Mastercard partners Solana and Polygon on new crypto standards system

Mastercard is looking to help bring defined standards to the blockchain and Web3 ecosystems. The company is partnering blockchain platforms Polygon, Solana, Aptos Labs, and Ava Labs, on the common standards program it calls Mastercard Crypto Credential. Mastercard will also work with wallet providers Uphold, Bit2Me, Lirium, and Mercado Bitcoin on the program. Mastercard is […]

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Bitcoin & cryptocurrency news

Venmo to enable crypto transfers for its customers in May

Venmo will roll out a new crypto transfer feature in May, allowing customers to send crypto to other Venmo accounts. Customers will also be able to buy tokens and send them to PayPal, external wallets and exchanges. Users will also be able to use a unique wallet address QR code to receive crypto from other […]

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Bitcoin & cryptocurrency news

‘Killer Whales’ Crypto Investment TV Show Coming This Year

Reading Time: 2 minutes A ‘Shark Tank’-style TV show aimed at Web 3.0 creators will launch later this year Coinmarketcap is helping to fund Killer Whales, which will be created by Web 3.0 entertainment company Hello Labs A panel of Web 3.0 “gods” will quiz creators and see if they want to invest Once popular cryptocurrency data aggregator Coinmarketap has teamed up with Web 3.0 entertainment company Hello Labs to launch a ‘Shark Tank’-style crypto-themed reality TV show called ‘Killer Whales’. The show, which Hello Labs boasts will feature “Hollywood-quality production values, celebrity judges, and a slice of drama” will see wealthy investors listen

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Bitcoin & cryptocurrency news

Poloniex Settles Sanctions Violations Charges for $7.59 Million

Reading Time: 2 minutes Poloniex has resolved its dispute with the CFTC over alleged sanctions violations with a $7.59 million settlement The exchange was accused of having improper systems in place to prevent customers in sanctioned countries from using its platform The CFTC took its improved compliance efforts in recent years into account Poloniex LLC, a former affiliate of the Poloniex cryptocurrency exchange in the United States, has agreed to pay $7.59 million to settle allegations of violating sanctions with the Office of Foreign Asset Control (OFAC). According to OFAC, the platform committed almost 66,000 violations of various sanctions programs, allowing customers from sanctioned

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Bitcoin & cryptocurrency news

Health and Fitness app Sweat Economy launches new “travel the world” prize draw

Sweat Economy (SWEAT) has launched the “Sweat Wanderer” prize draw that is open to all up to 14 May 2023. Registering and staking at least 25 SWEAT tokens via the Sweat Wallet app will see users eligible to win an all-expenses paid global tour to see the Seven Wonders of the World. The winner, to […]

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Bitcoin & cryptocurrency news

Gemini and Coinbase Launch Overseas Exchanges

Reading Time: 3 minutes Gemini and Coinbase have launched overseas crypto derivatives exchanges Gemini Foundation and Coinbase International will serve dozens of countries outside the US, UK and EU Both exchanges have criticised the approach taken by US authorities over crypto regulations Gemini and Coinbase both announced the launching of overseas exchanges yesterday as the increasing desire to move operations away from the US bears its first fruit. Coinbase announced an international perpetual exchange through its recently acquired Bermuda license, with 5x leverage available to users, while Gemini launched a derivatives platform open to more than two dozen entities with up to 100x leverage.

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