Latest News
Ethereum Whale Activity Sparks Price Surge Above $4,000
Ethereum has briefly surged above the $4,000 mark following a substantial on-chain transfer by a whale, signaling renewed institutional interest and potential market expansion. This large transaction involved 20,344 ETH worth approximately $82 million (around PKR 23 billion), moving from the Bybit exchange to a private wallet, highlighting significant accumulation by high-net-worth investors.
Whale Activity…
Fasset Secures Malaysia License to Launch World’s First Stablecoin-Based Islamic Digital Bank
Fasset, a leading digital asset investment platform, has received a provisional license from Malaysian regulators to operate as the world’s first Shariah-compliant digital bank powered by stablecoins. This groundbreaking approval marks a major step toward integrating cryptocurrency within the $5 trillion global Islamic finance market.
With this license, Fasset plans to…
Crypto Stocks Rally as Bitcoin Surges Past $125,000 Again
Bitcoin (BTC) broke through the $125,000 mark once more over the past weekend, driving significant gains across crypto-related stocks and reigniting bullish sentiment among investors. This historic high followed a strong momentum build-up through the previous week, offering renewed optimism for sustained upside in the cryptocurrency market.
Market Reaction: Crypto Stocks…
Pakistan’s IT Sector Shows Promising Growth Amid Structural Challenges
Pakistan’s IT sector is emerging as a rare bright spot in an otherwise challenging economic environment, with the government and industry stakeholders highlighting rising IT exports as evidence of ongoing digital transformation. According to the State Bank of Pakistan (SBP), IT and IT-enabled services (ITES) exports crossed $3.2 billion in FY2024,…
NCCIA Exposes Major Cryptocurrency Fraud Scheme in Pakistan
The National Cyber Crime Investigation Agency (NCCIA) has successfully uncovered and dismantled a large-scale cryptocurrency fraud scheme operating within Pakistan. This significant crackdown highlights ongoing efforts by Pakistani authorities to protect investors and maintain integrity in the rapidly growing crypto market.
Details of the Fraud Scheme
According to the NCCIA, the fraud…
Pakistan Crypto Landscape in 2025: New Licensing Framework Amid Regulatory Challenges
Pakistan is making significant strides in embracing the digital asset revolution, yet navigating the complexities of crypto regulation remains a challenge. As the Pakistan Virtual Asset Regulatory Authority (PVARA) invites global crypto firms to apply for licenses, leading economists warn about the difficulties of regulating cryptocurrencies within the country’s current financial system.
PVARA’s Licensing Initiative: Opening Doors to Global Crypto Firms
Under the new Virtual Assets Ordinance 2025, PVARA has called on international Virtual Asset Service Providers (VASPs) to submit Expressions of Interest…