Tag: cryptocurrency
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A suspected ransomware group has demanded 70 million
This report is by Raeesa Riaz. A group of hackers running ransomware demanded 70 million in cryptocurrency in exchange for opening ransomware-infected computer systems. The demand surfaced on Sunday in the Dark Web, allegedly on a Russian-owned website, the Evil Gang. Hundreds of computer systems of private companies and government agencies around the world were…
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Two Brothers Disappeared with Bitcoins Worth $3.6 Billion
Two brothers, Ameer and Raees Cajee, have disappeared with 69,000 bitcoins worth $3.6 billions. They belonged to Cape Town, South Africa where they launched their cryptocurrency investment company with the name “Africrypt”. A law firm hired signed a contract with the company Africrypt whose owners were later reported to have gone missing with the bitcoins.…
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Should crypto be legalized in Pakistan?
In this modern world, most of the developed countries are trying to use different digital platforms for the transaction of money: credit cards, ATMs, online banking, etc. Using digital platforms is not only safe but they are also the fastest and the easiest. Online transactions can also be monitored thoroughly, avoiding money laundering.
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Iran Bans Cryptocurrency Mining
Iran has banned all cryptocurrency mining for the next four months as widespread power outages have caused public discontent across the country. President Hassan Rouhani said on Wednesday that all crypto mining activities in Iran would be suspended by the end of the sixth year of the Iranian calendar on September 22. “Everyone now…
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US Treasury proposes tax on cryptocurrency transfers
The US treasury has proposed the idea of taxing larger value cryptocurrency transactions to ease financing public development projects
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FIA arrests cryptocurrency fraudster in Rawalpindi
Dr Zafar, the uncrowned king of the digital currency “One Coin”, has been arrested in Rawalpindi
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Turkish cryptocurrency founder disappears with $2 billion
Lahore, 23rd April: Turkish cryptocurrency founder disappears with $2 billion. Baaghi TV: Turkish prosecutors launched an investigation on Thursday into a cryptocurrency exchange that froze trading and left the country with $2 billion in investors’ assets. The Thodex exchange fled after issuing a mysterious message on Wednesday suspending trading, which requires five days to deal with…
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Inaugural meeting of KP committee to be held on Wednesday
PESHAWAR, Mar 15 (APP): The inaugural meeting of Khyber Pakhtunkwa Advisory Committee on Cryptocurrency and Cryptomining will be held on Wednesday here at Information Technology Board Office. Advisor to the Chief Minister on Science and Information Technology Ziaullah Bangash said that the advisor committee will review and discuss necessary steps for legislation on digital currency. He also…
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Bitcoin Above $20,000 for First Time
Bitcoin is above $20,000 for the first time.
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Crypto-currencies and criminality: myth or reality?
London, Nov 3 (AFP/APP): The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies — their use by criminals. Social networking giant Facebook is keen to get in on the act by launching a digital currency called Libra. But US Treasury Secretary Steven Mnuchin has…