Tag: Digital Assets

South Korean crypto exchange Bithumb mistakenly distributed over $40 billion worth of bitcoin as promotional rewards, causing a sharp selloff and prompting regulators to review crypto exchange controls.

LUMS CEDAR, in collaboration with Binance Academy, invites participants to a seminar on cryptocurrency fundamentals, blockchain technology, and digital assets on 9th February 2026 at LUMS.

Pakistan’s Ministry of Finance signs MoU with SC Financial Technologies LLC to explore secure digital payment infrastructure, cross-border settlement innovations, and the potential use of the USD1 stablecoin.

Pakistan’s PVARA clarifies that NOCs issued to Binance and HTX are not blanket approvals but part of a structured, risk-mitigated framework for cryptocurrency regulation, emphasizing transparency, compliance, and local ecosystem development.

Binance and JazzCash have signed a Memorandum of Understanding to explore collaboration on virtual asset solutions, education, and awareness in line with Pakistan’s evolving regulatory framework under PVARA.

Bilal Bin Saqib, CEO of Pakistan Crypto Council, has resigned as special assistant to the Prime Minister on blockchain and cryptocurrency but continues as chairman of the Pakistan Virtual Assets Regulatory Authority.

Bitcoin has fallen below $90,000, dragging the wider cryptocurrency market to multi-month lows. Ethereum and other major tokens are under pressure as investors reassess risk amid global liquidity tightening and shifting expectations for U.S. monetary policy.

Bitcoin briefly dropped below $99,000 amid a massive selloff in the cryptocurrency market, which has seen over $1 trillion wiped out since early October. Ethereum and most major coins also faced steep losses, while a few new tokens defied the trend. Analysts say a recovery depends on renewed institutional inflows rather than traditional halving cycles.

Pakistan has launched a licensing framework for cryptocurrency exchanges through the Virtual Assets Regulatory Authority, inviting global service providers to operate under strict KYC and compliance standards.

Pakistan Crypto Council engages US adviser Patrick Witt, launches Strategic Bitcoin Reserve, allocates 2,000 MW for crypto and AI data centers, and partners with Trump-backed DeFi platform to drive blockchain innovation.

Pakistan and El Salvador sign a Letter of Intent to collaborate on Bitcoin and digital assets, marking a significant step in crypto diplomacy as Pakistan eyes its own Bitcoin reserve and formalizes its digital asset strategy.

Bitcoin overtakes Amazon to become the fifth largest asset by market capitalization, driven by strong price gains and institutional ETF inflows, highlighting crypto’s growing impact on global financial markets.