The United States Securities and Exchange Commission (SEC) has been investigating traditional Wall Street investment advisors who may offer digital asset protection to clients without proper qualifications. On January 26, Reuters reported that “three sources with knowledge of the matter” said the SEC’s investigation had been ongoing for several months, but was accelerated after the … Read more
ANI | Updated: January 22, 2023 15:44 IST Islamabad [Pakistan]January 22: Pakistan’s economic crisis is going from bad to worse. Foreign exchange reserves in the State Bank of Pakistan (SBP) recently touched a two-week low of $4.343 billion. This is only due to the inefficiency of the political class and the over-involvement of the military … Read more
As major cryptocurrency exchanges such as FTX flounder amid high volatility, nearly 90 percent of cryptocurrencies have low trading volume, while 2 percent of crypto coins have healthy liquidity, a new study has found. There are only 153 major crypto coins traded on multiple exchanges. In contrast, according to a report compiled by Bitstacker, there … Read more
The Central Bank of Pakistan has recently imposed foreign exchange restrictions to protect the country’s dwindling reserves. This is in light of recent reports of the emergence of a black market for dollars. Pakistan’s foreign reserves have reportedly fallen to a four-year low of $6.7 billion. According to Bloomberg, on the surface, this hasn’t affected … Read more