Category: Tech

Cryptocurrency still puzzles Pakistanis while Amitabh Bachchan turns INR 16 million to INR 1.12 billion

The world is abuzz with news of cryptocurrency, and Pakistanis are still struggling to understand how investing works in the blockchain. Cryptocurrency recently came under the spotlight when crypto-enthusiast Waqar Zaka brought the Bitcoin network to limelight. While many mocked him earlier, it seems like he was right after all, when Bollywood superstar Amitabh Bachchan’s crypto investment made rounds on news.

PTA slaps jazz with RS 30 Mn fine over poor network quality

PTA imposed a heavy fine of Rs30 million on Jazz for poor service in seven cities across Pakistan. Chairman PTA issued the ruling, stating that Jazz failed to meet the Quality of Services Key Performance Indicators (KPIs) in the seven cities. According to a QoS survey conducted by the telecommunication authority during December 2020, Jazz provided low-quality services to its customers.

Govt to Regulate Crypto & Launch Blockchain Technology Projects Soon

Senator Shibli Faraz has said the government intends to regulate crypto and make blockchain technology available as soon as possible. He told participants at the Blockchain Summit in Islamabad that the State Bank, SECP, and Finance Ministry have all teamed up to accomplish this goal. According to him, the government’s first goal was to regulate crypto and then educate the common man about its use.

Jamia students secure first position in three competitions at ROBOCUST 2022

The Jamia Students are doing wonders in the field of science and technology. The Jamia students of Baitusalam Talagang have dominated the robotic events, ROBOCUST 2022, at Capital University of Science and Technology, beating students from other universities. Baitusalam Talagang students break society’s stereotype that Madrassa students cannot be successful in the sciences and the tech field.

PM Imran Khan to launch Pakistan’s first-ever digital city in Haripur today

PM Imran Khan is scheduled to perform the groundbreaking for Pakistan Digital City Special Technology Zone on Monday. This will be the first project of its kind in the country. The prime minister will be accompanied by Khyber Pakhtunkhwa chief minister Mahmood Khan and federal and provincial ministers. The Pakistan City will cost Rs1.31 billion and cover 86 kanals of land.

Govt decides to ban all cryptocurrencies in Pakistan

The State Bank of Pakistan and the federal government have prohibited the use of all cryptocurrencies in Pakistan. The SHC has been hearing a case related to digital currencies. The central bank has taken a clear position on cryptocurrencies. Moreover, it urged the SHC to ban cryptos and penalize crypto exchanges for the first time.

Astronomers watch a supergiant star 10 times bigger than the Sun explode

The dramatic end to the life of a red supergiant star has been captured in real-time for the first time ever. The rapid self-destruction of the massive star, and its final death throes before collapsing into a type II supernova. This study was conducted by researchers at Northwestern University and the University of California, Berkeley (UC Berkeley).

FIA seizes over 1000 bank accounts for cryptocurrency trading

The FIA seized hundreds of bank accounts and credit cards used for cryptocurrency trading. The department acted after a request was received from the Cyber Crime Reporting Center (CCRC) in Islamabad. According to reports, over $300,000 worth of transactions were made via these accounts and cards on digital asset exchanges like Binance, Coinbase, and Coinmama.

Elon Musk hopes to start implanting its Neuralink chips in humans in 2022

Neuralink, Elon Musk’s brain-interface company, hopes to start implanting Neuralink chips into humans this year. Musk co-founded Neuralink in 2016, which is developing a chip to implant into the brain to simultaneously record and stimulate brain activity. The device is intended for use as a medical device, including treating spinal cord injuries and neurological disorders.

Govt plans to double number of software technology parks within a year

Syed Aminul Haque, the federal IT minister, announced plans to double the number of software technology parks by the end of next year. He made the announcement at the inauguration of the Amazon Software Technology Park in Rawalpindi. At the inauguration, the minister noted that software tech parks would focus on second-tier cities and towns.