Bitcoin will use 91 terawatt-hours (TWh) of energy, which is almost equivalent to the total energy consumed by Pakistan. Bitcoin’s power consumption is closely linked to its mining costs and price expectations, as measured by the Cambridge Bitcoin Electricity Consumption Index. The bitcoin network burns more and more energy in order to mine bitcoins.
Lahore-based Airlink Communication raised around $39 million in an initial public offering (IPO) on Tuesday at the Pakistan Stock Exchange (PSX). The offering was the largest private sector IPO in the history of Pakistan. Airlink received bids for 147.64 million shares against 90 million shares offered in a two-day book building. PSX details show that the strike price was Rs71.5 against the offered Rs65 per share.
Pakistan’s telecom regulator said on Thursday that the country’s production of mobile phones has surpassed its imports of mobile phones. The number of locally manufactured devices reached 12.27 million from January to July 2021. In a statement, the PTA reported that 8.29 million mobile phones were imported during this period.
In July 2021, Pakistan’s exports of IT remained strong with an increase of 20% compared to the export’s value of the same month of the last financial year. The State Bank of Pakistan (SBP) reports that the export of IT and IT-enabled services surged to $196 million in July 2021. Last year, the same month had exports worth $163 million.
popular feature among many manufacturers. The goal of automakers is to have the fastest accelerating cars that can outrun their peers in straight drag races. Typically, the ‘0-100 KM/H’ method is used to determine how fast a vehicle accelerates.
Tesla CEO Elon Musk shocked the audience on Tesla AI Day by announcing a Tesla Bot prototype, which is expected to be unveiled next year. The company provided a sneak preview along with some preliminary technical specifications, such as the use of Full Self-Driving technology. Furthermore, it will feature eight Autopilot cameras.
The SAPM on Climate Change of Pakistan, Malik Amin Aslam, officially launched Pakistan’s first Electric Taxi. The initiative will help cement PM Imran Khan’s vision for a Clean Green Pakistan. Amin Aslam says these e-taxis will save drivers Rs. 12,000 in budget costs. However, the government stands to save more than 2 billion from oil imports.
The social networking platform, Facebook, reportedly banned ‘Taliban-related content’ across all of its platforms and apps. Additionally, Facebook has assigned a team of Afghan experts to monitor and remove content associated with the group. We have banned the Taliban from Facebook services under our Dangerous Organization policy, according to a Facebook employee.
The Federal Board of Revenue (FBR) of Pakistan has been the victim of a large-scale cyber attack. It was discovered that of more than 1500 computer systems, a group of unknown hackers was selling network access to the agency on a Russian cybercrime forum. Hackread.com was informed that hackers breached Microsoft Hyper-V software. They took down both the official website and every subdomain of the agency.
Pakistan Telecommunication Authority (PTA) has authorized Lucky Motor Corporation Limited (LMCL) to manufacture Samsung phones in Pakistan. The Mobile Device Manufacturing (MDM) Regulations 2021 have been granted to Lucky Motor Corporation Limited. Moreover, approval was given following the LMCL’s request to set up a mobile device manufacturing plant in Karachi.