🚨 Breaking News: Rumors about Imran Khan launching Pakistan's first cryptocurrency have been debunked. Reports claiming this initiative are false, and no such project has been introduced by him. (Source: binance.com)
However, in a significant development, the Pakistani government has officially launched the Pakistan Crypto Council (PCC). This government-backed body is focused on regulating and integrating blockchain technology and digital assets into Pakistan's financial system. The council is chaired by Finance Minister Muhammad Aurangzeb, with entrepreneur Bilal Bin Saqib appointed as Chief Adviser. The PCC's mission includes developing policies, fostering innovation, and ensuring a secure approach to cryptocurrency adoption in the country. (Source: dawn.com)
Key Implications for Crypto Traders:
Regulatory Framework: The establishment of the PCC marks the beginning of a structured regulatory approach for cryptocurrencies in Pakistan, offering greater certainty for investors.
Increased Adoption: With official backing, the cryptocurrency ecosystem in Pakistan may experience accelerated adoption, presenting new opportunities for traders and investors.
Economic Growth: Blockchain technology's integration could drive innovation and economic growth within Pakistan's digital finance sector.
While the PCC's formation represents a significant step towards embracing digital finance, it is important to clarify that no national cryptocurrency has been launched by any individual or the government as of now.
Disclaimer: This information includes third-party opinions and does not constitute financial advice. Always conduct your own research before making any investment decisions.
For more information on the launch of the Pakistan Crypto Council, check out the latest news coverage: [Pakistan Crypto Council Launched - ARY News Coverage]
#BitcoinTrends" 40x Leverage, Millions on the Line — Meet the Trader Betting Big Against BTC This weekend, a trader on , a decentralized derivatives exchange, caught the crypto community’s attention with an impressive short position on Bitcoin. Using 40x leverage, the trader’s bet has a notional value of approximately $379 million—enough to make waves in the crypto world. Trader “Tether FUD” Draws Attention with a Bold Bitcoin ShortAt 1:00 PM ET on Sunday, March 16, all eyes were on the trader under the handle "0xf3f." The trader deposited around $16.2 million into the decentralized derivatives platform, securing a high-risk short position on Bitcoin with 40x leverage. With an entry price of $84,018 and a liquidation threshold at $86,593, the position holds a notional value of approximately $379 million, keeping market watchers on edge. In a surprising turn of events on Hyperliquid, trader "0xf3f" changed their account name to “Tether FUD.” Meanwhile, BTC hovered just above $84,000, and by 12:05 PM ET, the trader was dangerously close to liquidation when Bitcoin briefly spiked to $85,059. Some in the crypto community speculated that market players were aware of the short position and attempted to force liquidation. However, BTC didn’t stay high for long. The price quickly dipped back to just above $84,000 and later fell further to $83,906 per coin. With each drop, the trader’s short position became increasingly profitable. At the current BTC price, they hold an unrealized profit of around $2.4 million. Many speculate that this trader might have insider knowledge, given the size of their bet. Regardless of their insights, one thing is clear: as long as BTC stays below $84,000, "Tether FUD" is winning. By 1:10 PM, BTC remained above $84,000, slightly cutting into the trader’s floating profit. More interesting news — subscribe Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs. BTC 83,024.39 -0.89% $BTC pumping for 150000$ are you ready say Yes or No in comment
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Congratulations to all crypto investors Officially, Pakistan's crypto legality has been established. This means that cryptocurrency businesses now have legal status. You can now legally acquire and trade cryptocurrency in Pakistan with legal permission.
🇺🇸 Important News 🚨"America’s New Travel Crackdown: Is Your Country on the List?" In a bold move that has caught international attention, the United States is reportedly considering imposing potential travel restrictions on over 40 nations, categorizing them into three distinct risk levels – Red, Orange, and Yellow lists. The lists are believed to reflect varying levels of security, diplomatic, and immigration concerns. Here's what each list entails: Red List – Highest Alert Zone: Countries on this list face the strictest potential travel restrictions. These nations are often highlighted for significant geopolitical conflicts, internal instability, or strained relations with the US. Countries included: Afghanistan Bhutan Cuba Iran Libya North Korea Somalia Sudan Syria Venezuela Yemen Orange List – High Caution Zone: This category indicates countries under heightened surveillance due to security risks, governance issues, or close ties with nations on the Red List. Countries included: Belarus Eritrea Haiti Laos Myanmar Pakistan Russia Sierra Leone South Sudan Turkmenistan Yellow List – Moderate Risk Zone: Nations in this group are flagged for potential concerns but are not under immediate threat of extreme restrictions. The US might enforce additional checks or advisories for travelers from these countries. Countries included: Angola Antigua and Barbuda Benin Burkina Faso Cambodia Cameroon Cape Verde Chad Congo Dominica Equatorial Guinea Gambia Liberia Malawi Mali Mauritania St Kitts and Nevis St Lucia São Tomé and Príncipe Vanuatu Zimbabwe. Follow us for more latest Update 🔔 https://www.binance.com/en/support/announcement/detail/f155676ce868467b92a03ac02ba153cd?ref=CPA_00LQS574FJ&utm_medium=web_share_copy&utm_source=new_share
Pepe Coin, inspired by the popular internet meme "Pepe the Frog," has rapidly gained traction in the cryptocurrency space, combining humor with financial speculation. Originally created in 2005 by Matt Furie, the Pepe character became a cultural icon in the 2010s, leading to the launch of Pepe Coin in April 2023 by anonymous developers.
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Pepe Coin's rapid rise can be attributed largely to the strong engagement from its community and the viral power of internet culture. Platforms such as Reddit, Twitter, and TikTok played a crucial role in spreading the coin, with influencers and meme enthusiasts driving its popularity. A notable example includes Elon Musk's decision to change his Twitter profile picture to Pepe the Frog, which led to a sharp price increase.
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Looking forward, the future of Pepe Coin will depend on its ability to maintain community interest and evolve with the changing cryptocurrency landscape. While its meme origins have fueled initial excitement, long-term success may require the coin to develop tangible use cases and continue innovating. Investors should conduct thorough research and remain cautious, given the inherent volatility of meme coins.
Conclusion
Pepe Coin is a prime example of how internet culture can intersect with digital finance, showcasing the influence of community and viral content on market behavior. As the cryptocurrency space continues to evolve, Pepe Coin's journey will remain an intriguing part of the unpredictable and fascinating world of meme-based assets.
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