Feeds Articles

Pakistan Considering Issuing a Rupee-Backed Stablecoin

3 hours ago

November 8th. According to Cointelegraph, Faisal Mazhar, who is the Deputy Director of the Payment Systems Department of the State Bank of Pakistan, stated that with the help of the World Bank and the International Monetary Fund, a prototype of a central bank digital currency is currently being developed. The plan is to carry out a pilot phase before the full-scale implementation. In addition, Zafar Masud, the Chairman of the Pakistan Banks' Association (PBA), disclosed that the country is seriously considering issuing a stablecoin backed by the Pakistan Rupee. Furthermore, there will be efforts to strengthen the regulation of digital assets. Any delay in digital asset regulation may lead to missing out on an economic development opportunity worth up to $25 billion.

Add to Favorites Download image Share x Copy link

Relevant content

Hyperliquid's "ZEC Long Whale" Deleverages, Profit Shrinks from $12 Million to $200,000

On November 9th, according to the monitoring of HyperInsight, the address with the largest ZEC long position on Hyperliquid decreased its ZEC holdings to 39,500 coins. Additionally, its floating profit shrank from a peak of $12 million to $200,000.

12 minutes ago

AIA briefly drops below $6, down over 75% from its peak

On November 8th, based on Coingecko market data, DeAgentAI (AIA) briefly fell below $6 and is currently trading at $7.02, which is more than 75% lower than its peak.

12 minutes ago

「Top 100% Win Rate Whale」 Longs More, Holds $9.92M Worth of BTC Long

On November 8th, according to the monitoring of HyperInsight, the "Former 100% Win Rate Whale" liquidated its previous short position, realizing a profit of $13,000. It then went long with 97.72 BTC at a leverage of 40 times, and the position value was approximately $9.92 million.

12 minutes ago

Bitwise CEO: Total Inflows to BSOL Have Surpassed $500 Million

On November 8th, Hunter Horsley, the CEO of Bitwise, posted on the X platform and stated that the inflow of funds into the Bitwise Solana ETF (BSOL) reached $30 million the previous day. Since its launch, there has been a daily inflow of funds for the past 8 days. As of now, the total inflow of funds into BSOL has exceeded $500 million.

12 minutes ago

ZEC drops over 23% in 24 hours, currently trading at $534.29

On November 8th, according to HTX market data, the price of ZEC dropped by more than 23% within 24 hours and is currently trading at $534.29.

12 minutes ago

An address is holding 31,765,779 USDT has been frozen

On November 8th, as per the monitoring of Whale Alert, the 31,765,779 USDT held by a particular address was frozen.

12 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!