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Is Ethereum Mining Legal in Pakistan in 2021

is ethereum mining legal in Pakistan. Cryptocurrencies including bitcoin are not officially regulated in Pakistan; however, it’s not illegal or banned. Is Ethereum Mining Legal in Pakistan

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is ethereum mining legal in pakistan

is ethereum mining legal in pakistan

As far as I know, cryptocurrencies are not officially regulated in Pakistan. But there it is also neither illegal nor banned. So, I guess, YES you can mine ethereum in Pakistan.

Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish global cryptocurrency market

is ethereum mining legal in pakistan

Is Ethereum Mining Legal in Pakistan

How to Start Mining Ethereum in Pakistan

People have already been approaching us for investment, and we want them to come to Khyber Pakhtunkhwa, earn some money and have the province earn from that as well,

Both mining and trading in cryptocurrencies currently exists in a legal grey area in Pakistan, though, and federal authorities would have to provide a clear path towards legalizing the sector before it could be formally opened to investors

In 2018, the State Bank of Pakistan said cryptocurrencies were not legal tender and the regulator had not authorized anyone to deal in them in the country. Pakistan also is currently on the global Financial Action Task Force grey list, and one of the areas the global money laundering watchdog has asked Islamabad to better regulate is cryptocurrencies.

Still, mining and trading in cryptocurrencies thrives in Pakistan, with apps like Binance and Coinbase among the most popular downloads in the country

It’s really the government that is not participating right now, people all over Pakistan are already working on this, either mining or trading in cryptocurrencies and they are earning an income from it,

Pakistan Ethereum miners are hoping to bring this to a government level so things can be controlled and online fraud can be prevented.

Like, share, and comment if you agree with the above statement

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is ethereum mining legal in pakistan

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Kingsley Francis is the founder and Partner at Fxkinfin Financial Advocates, owners of fxkinfin.com. He is a financial writer with extensive experience in print as well as online media.

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Cryptocurrency

Is Euro Coin Yet Another Scam Stablecoin? EUROC

Euro Coin is a euro-backed stable coin that’s available 24/7 and moves at internet speed. Designed for stability, Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros. Euro coin price.

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Euro coin by fxkinfin

What is Euro Coin?

Euro Coin is a euro-backed stable coin that’s available 24/7 and moves at internet speed. Together, Euro Coin and USDC unlock new possibilities for multi-currency digital banking and near-instant foreign exchange, where daily volume in traditional markets can top $6.6 trillion globally.

EUROC is issued by Circle under the same full-reserve model as USD Coin (USDC), a trusted dollar digital currency with more than $54 billion in circulation.1

Designed for stability, Euroc is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros.

Euro Coin Yet Another Scam Stablecoin?

Digital euro will be entirely reserved and pegged to the euro, just like USDC is pegged to the dollar

For every EUROC token in circulation, an equivalent euro-denominated reserve will be maintained in custody at US-regulated financial institutions. The initial custodian for the stablecoin backed by the euro will be Silvergate Bank.

Euro Coin

Euro Coin will be available to trade from June 30 on the Ethereum blockchain. The launch will be supported by Binance US, Anchorage Digital, Bitstamp, FTX, Huobi Global, MetaMask, Ledger

VIEW: EUROC contract

Stablecoins pegged 1:1 to the most popular worldwide currencies are FIRE 🧨 However, Circle should beware of getting eaten alive by european dudes who are just ABOUT TO LAUNCH a CBDC)

Check EUROC Price on CoinMarketCap

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Cryptocurrency

What is StarkGate? How to Join Quick StarkGate Testnet

StarkGate is a token transfer bridge between Ethereum ↔️ StarkNet. This project is being developed by StarkWare Industries, which allows us to assume that the funds investing in the company also invest in StarkGate.

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StarkGate By Fxkinfin

What is StarkGate?

Stark Gate is a token transfer bridge between Ethereum ↔️ StarkNet.

This project is being developed by StarkWare Industries, which allows us to assume that the funds investing in the company also invest in StarkGate. Thus, after 5 funding rounds, they raised almost $273 million.

How to Join Quick StarkGate Testnet

Considering the amount of money Stark Gate has, there’s a tiny possibility they’ll distribute some rewards for early testers However, there’s no official info as of today.

STEP-BY-STEP TESTNET GUIDE HERE

It takes about 5 minutes to complete, so don’t simply pass by If you have any questions, contact their team on discord.

In addition, make sure to fill out the feedback form just in case the team decides to organize an airdrop

More About Stark Gate and their projects Visit website

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Cryptocurrency

Will Cardano Reach 10 Dollars in 2022? Price Break

Will Cardano Reach 10 dollars in 2022?Most analysts are convinced that the ADA coin has exceeded the limit of $5. Cardano Price. The possible answer is yes, we may expect by the end of the year.

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Will Cardano Reach $10 in 2021?

Will Cardano Reach 10 dollars in 2022?

Charles Hoskinson founded Cardano in 2017. Early in his career, Cardano sparked lively speculation about his ability to conquer Ethereum, with some calling him an “Ethereum killer.”

With its proof of Ouroboros protocol share and easy upgrade, the structure is optimized to improve functionality. Cardano introduced smart contracts this year.

Cardano optics indicate that altcoin prices will continue to rise soon and possibly exceed the US $100. Moreover, given the very speculative nature of the market in which ADA tokens are listed, it is impossible to say with the most remarkable accuracy when it will occur.

However, by examining the price performance in the past and the upcoming modifications of the Cardano blockchain, we can assume its future price direction.

Will Cardano reach more than $10 by 2025? Most analysts are convinced that the ADA coin has exceeded the limit of $5. The most optimistic believe that the crypto will reach $70.

Will Cardano Reach 10 dollars in 2022?

Will Cardano Reach $10 in 2021?

Cryptocurrency research reports – blockchain and crypto news website – are confident that the value of the Cardano cryptocurrency will continue to grow in the next few years and will probably miss the $10 mark from the mustache to 9.50 US dollars by the end of 2025.

Analysts at Cryptogeek are also confident that ADA altcoin values ​​will continue to grow in the next few years. They believe that altcoin will reach $10 by 2025.

How much will Cardano be worth in 10 years?

Between September 2017 and April 2021, Cardano indicated 7000% + profitability. Analysts of the coin price forecast estimate that ADA tokens may appreciate another 5000% + in the near future till the end of 2025, trading around $59.

They are confident that the current bull run and FOMO, as Cardano announces several upgrades, will be enough to help the altcoin reach $9.73 before the end of the year.

Will Cardano Reach 10 dollars in 2022? READ MORE ON CRYPTO CLICK HERE

View more about Cardano

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Cryptocurrency

Will Celsius go Bankrupt? The Collapse of Celsius Exposed

The collapse of Celsius Exposed. There are about $10b in customer assets in Celsius, They froze withdrawals, transfers, and swaps. Now they’re trying to increase their reserves to avoid crashing.

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Celsius Exposed

What is Celsius?

Celsius is a crypto lending platform that basically takes your money, promises you a fixed interest rate, and puts it on-chain to use in Defi and earn a yield.

In 2020-2021 Celsius did really well, reaching a valuation of $10b and recently raising $400m. The problem? They manage their funds like degens.

The Collapse of Celsius Exposed

When LUNA crashed, They offered strong rates on stablecoins, were exposed to the collapse. They held significant sums of money in UST (maybe up to $500m)

For ETH deposits, They promised 6-8% in interest, most likely earned from staking rewards on the Ethereum Beacon chain. The issue here is that assets held on the Ethereum Beacon chain are locked, you can’t simply withdraw them. However, crypto protocol Lido solves this problem by generating a liquid ‘derivative’ called Lido Staked ETH, or stETH, which has often traded at a 1:1 ratio to ETH. BUT stETH is not pegged to the value of ETH. Thus, in a bear market, all prices began to slide, and They got kicked in the ass.

Celsius Exposed

Celsius

What did they do to fight the liquidity crisis? They froze withdrawals, transfers, and swaps. Now they’re trying to increase their reserves to avoid crashing.

Speaking of the reserves. There are about $10b in customer assets in Celsius, and about $1.5b accounted for in its’ various wallets. Where’s the Money, Lebowski?

  • About $400m is staked on the Ethereum Beacon chain
  • About $400m leveraged in Maker protocol, which has been on the verge of liquidation (margin call may haunt Celsius when BTC falls to < $20 000-$22 500).

And the rest? Nobody knows, people just care about the liabilities. If their assets don’t match liabilities outright, they’re screwed, and will require:

  1. External funding
  2. A loan
  3. Acquisition, which Nexo, its’s competitor, has already offered. they didn’t agree to the offer, but they’ve still got time to think until June 20

If Celsius’ position gets liquidated, BTC can fall down lower than $20 000. The company will go bankrupt, and its customers will be left with empty pockets. Terms of use kindly suggest that

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Cryptocurrency

Getting ready for Arbitrum Odyssey

Arbitrum is a type of technology known as an optimistic rollup. If you haven’t used Arbitrum before, don’t spend your entire deposit on the wallet “warm-up”. Arbitrum Odyssey. Arbitrum Odyssey Airdrop.

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Arbitrum Odyssey Airdrop.

What is Arbitrum Odyssey

Arbitrum is a type of technology known as an optimistic rollup. It allows Ethereum smart contracts to scale by passing messages between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain.

The details about the event are in this post ( READ HERE ) but the starting date is different. The Odyssey will be going live in June.

Getting ready for Arbitrum Odyssey

The event requires investments, it’s not free. You’ll be interacting with different protocols for 8 weeks straight (providing liquidity, swapping tokens, etc.), which may add up to ±$300. However, during the recent AMA, the team confirmed that transactions from Polygon will also count, so this may help you reduce the costs.

Arbitrum Odyssey

If you haven’t used Arbitrum before, don’t spend your entire deposit on the wallet “warm-up”.

Before the Odyssey starts, it makes sense to initiate 2-3 transactions (token swaps, token transfers) in 2-3 EVM networks (Ethereum, Arbitrum, BNB Chain, etc.).

To save money on fees, watch the gas price closely on Etherscan and push the transactions for about 10-20 gwei.

We’ll deal with everything else on the go as soon as the official starting date is announced. Stay tuned

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