Pakistan News

    Bitcoin Exchange In Pakistan Lahore

  • Bitcoin firm hacked days before major US exchange opens

    A bitcoin mining company in Slovenia has been hacked, for the possible theft of tens of millions of dollars, renewing questions about the security of the virtual currency just days before it is due to start trading on major United States exchanges...

    The hack will put a spotlight on the security of bitcoin just as the trading community prepares for the currency to start trading on two established US exchanges...

  • Bitcoin futures rise as virtual currency hits major exchange

    The first-ever bitcoin future jumped after it began trading on Sunday as the increasingly popular virtual currency made its debut in a major United States (US) exchange...

    The futures contract, that expires in January, surged more than $3,000 to $18,010 four hours after trading launched on the Chicago Board Options Exchange (CBOE)...

  • Pakistan-born woman tried to use bitcoin to aid IS, say prosecutors

    NEW YORK: A suburban New York hospital technician accused of using bitcoin and other cryptocurrencies to launder money meant for the militant Islamic State (IS) group was arrested on charges of money laundering in support of a foreign terrorist organisation and bank fraud, prosecutors said on Thursday...

    Prosecutors said that after travelling to Jordan to work with the Syrian American Medical Society, Ms Shahnaz returned to the United...

  • Bitcoin hits $6,400 after CME says will launch futures

    NEW YORK: CME Group Inc, the world’s largest futures market operator, said on Tuesday it intends to launch bitcoin futures in the fourth quarter, pending regulatory approvals...

    Bitcoin jumped to an all-time high above $6,400 on Tuesday on the BitStamp exchange after the CME news...

  • Bitcoin crosses $6,000 mark for the first time

    In the latest price spike, Bitcoin saw its its price jump north of $6,000 for the first time, weeks after it crossed the $5,000 figure for the first time...

    Bitcoin’s most-recent surge began earlier last week, when the currency saw its price jump thanks to rumors of upcoming support on Amazon...

  • London stakes its claim as global bitcoin hub

    LONDON: London, centre of the $5-trillion-a-day global currency market, now wants to be home to a controversial upstart — bitcoin...

    But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based “cryptocurrencies”, of which bitcoin is the original and still most popular...

  • Beijing, Shanghai bitcoin exchanges shut down

    The international value of bitcoin has plunged in recent days amid speculation that the Chinese authorities would shut down the trading platforms following a ban on initial coin offerings earlier in the month...

    Last week China’s two largest bitcoin platforms — BTCC and OKCoin — announced that they would stop all trading operations following new Chin­ese government regulations clamping down on crypto-currencies...

  • FBR goes after bitcoin traders

    The State Bank of Pakistan (SBP) does not recognise cryptocurrencies, such as bitcoin...

    They buy bitcoin to launder their tax-evaded money, he said, adding that they park their black money out of Pakistan in many cases...

  • Kim Dotcom announces new Bitcoin venture for content uploaders to earn money

    Controversial New Zealand-based internet mogul Kim Dotcom plans to launch a Bitcoin payments system for users to sell files and video streaming as he fights extradition to the United States for criminal copyright charges...

    Dotcom did not provide details on how Bitcontent would differ from existing Bitcoin operations or how it would help news organisations make money beyond existing subscription payment options...

  • The Bitcoin frenzy

    So much so that the Federal Board of Revenue recently started taking measures against its use in Pakistan...

    Nakamoto created an electronic currency called Bitcoin, which is gradually gaining traction in its use and implications...

  • New virtual currency takes aim at bitcoin

    GENEVA: A new virtual currency launched on Tuesday aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector...

    The currency called “bilur” and created by London-based financial services company R Fintech uses the technology pioneered by bitcoin, while trying to offer an alternative for those weary of the wild fluctuations that have plagued digital currencies... ...

  • Bitcoin has a governance problem, no matter who created it

    LONDON: As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency’s lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this...

    The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin — which allows users to move money across the world quickly...

  • Australian identified as suspected Bitcoin founder

    SYDNEY: Australian entrepreneur Craig Wright has been identified by tech publications as one of the suspected secretive founders of online cryptocurrency Bitcoin, as a home reportedly belonging to him was raided as part of a tax probe on Wednesday...

    "But two possibilities outweigh all others: Either Wright invented bitcoin, or he's a brilliant hoaxer who very badly wants us to believe he did...

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