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The Pakistani government has officially taken a concrete step toward regulating and utilizing digital assets by forming the Pakistan Crypto Council (PCC). Announced on March 15, 2025, the ruling represents a significant change in the national policy on blockchain and cryptocurrency. The Pakistan government has established the Pakistan Cryptocurrency Council (PCC) to oversee the integration and application of blockchain technology and digital assets in the country's financial sector. Finance Minister Muhammad Aurangzeb will serve as the council's chairman.… — Wu Blockchain (@WuBlockchain) March 16, 2025 As CNF has reported , the plan to establish the PCC was first proposed in February 2025. The move was not just a domestic initiative, but was also driven by recommendations from the International Monetary Fund (IMF). To increase state income, the IMF has long urged Pakistan to widen its tax base, including the digital assets industry. Still, this change serves more than just a financial one. Pakistan has earlier looked at blockchain technology to increase remittance efficiency. With Pakistani immigrant workers sending home almost $31 billion annually, the traditional system sometimes suffers from high fees and transaction delays. One possible answer to speed up the remittance process and lower expenses is blockchain. Finance Minister Muhammad Aurangzeb will be chairman of the council, and Bilal Bin Saqib will be CEO. Furthermore, included in the PCC are the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Governor of the State Bank of Pakistan, and top officials in the domains of law and information technologies. This combination is supposed to strike a mix between financial stability, technological innovation, and regulatory control. Pakistan is no small participant in the digital asset scene with over 20 million active crypto users and a trading volume exceeding $20 billion. Without clear rules, though, many industry participants deal with legal ambiguity. The PCC’s founding offers hope that the nation’s crypto ecosystem will grow more targeted and get better legal defense. Near future PCC priorities include several important ones. The development of clearer rules for digital asset trading and investment is one of its primary areas of concentration. The council will also work with worldwide blockchain companies to guarantee the application of best practices that might boost industry confidence. By working with fintech startups and the developer community, however, they are also striving to inspire innovation so Pakistan may compete internationally. Equally crucial, the PCC is aiming at financial stability and investor protection by means of tougher rules, so enabling the Pakistan crypto market to grow more under control and safely. When one compares Pakistan’s action to India’s more limited approach toward digital assets in the past few years, it becomes even more intriguing. Still, there have been changes starting a few months ago. One of the biggest cryptocurrency exchanges in the US, Coinbase , recently registered with India’s Financial Intelligence Unit (FIU), enabling them to provide trading activities there. More remarkably, India has stayed the top country in the world for the second year running in terms of crypto adoption. According to a Chainalysis analysis, Indians are actively trading digital assets—both centralized and decentralized—despite high taxes and strict regulation. Could Pakistan follow India’s lead? Alternatively, will they choose a more flexible strategy? Everything is still open with the just developed rules. This clearly shows that Pakistan wants to keep ahead of others in the always-expanding digital revolution.

REX Shares has launched a new, first of its kind exchange-traded fund focused on convertible bonds from companies incorporating Bitcoin into their treasury. REX Shares, an asset management firm specializing in investment products and funds, has just launched Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, which allows retail investors to invest in convertible bonds issued by companies that are buying Bitcoin ( BTC ) for their corporate treasuries (like Michael Saylor’s Strategy ). “Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor—leveraging corporate debt to acquire Bitcoin as a treasury asset,” said Greg King, CEO of REX Financial in the press release statement . In launching BMAX ETF, REX Shares aims to offer a mix of stable income from the bonds and the potential for stock market-like growth if BTC investments perform well. It’s important to note that BMAX is not the first ETF to offer exposure to companies integrating Bitcoin into their corporate strategies. There are other ETFs that invest in such companies, such as Strive Bitcoin Bond ETF and Bitwise Bitcoin Standard Company ETF. But unlike the Strive Bitcoin Bond ETF , which invests in a broader range of corporate debt instruments, BMAX exclusively targets convertible bonds issued by companies leveraging debt to acquire Bitcoin. As for the Bitwise Bitcoin Standard Company ETF , it invests in the stocks of companies holding significant Bitcoin reserves rather than their debt.

Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its expanding cloud services and high-performance computing operations appear to be reshaping its revenue mix. In a press release on Friday, March 14, Bit Digital reported $108.1 million in total revenue for 2024, a 141% increase from the previous year. The company’s management attributed the surge to the successful rapid expansion of its HPC business. Data shows that cloud services, which contributed $45.7 million, weren’t even part of the business a year earlier. “Profitability improved alongside business expansion, supported by stronger gross margins and operational efficiencies. A strong liquidity position and no debt provide the flexibility to make targeted investments that enhance capabilities and long-term competitiveness.” Bit Digital Meanwhile, Bitcoin ( BTC ) mining revenue grew 32% to $58.6 million, though its share of total revenue fell from 98% in 2023 to 54% in 2024. Profitability also appeared to improve as the company reported a net income of $0.19 per share, a turnaround from the previous year’s loss of $0.16 per share. Still, operational figures seem to show both gains and challenges. The company earned 949.9 BTC in 2024, down 37% from 2023, pointing to challenges such as April’s halving event and increasing network difficulty. At the same time, its Ethereum ( ETH ) staking revenue grew 169% to $1.8 million. The company’s cloud expansion also continued, with agreements signed with Boosteroid and DNA Fund. A new data center project in Quebec, expected to be powered by hydroelectricity, is also in the works. “The company expects to invest approximately $19.3 million to develop the site, with potential expansion to 13MW within 24-36 months, subject to Hydro-Quebec approval.” Bit Digital Bit Digital suggested that profitability improved as the business grew, though it also mentioned that “cost-effective financing options” are being explored. The company emphasized its strong liquidity and lack of debt but acknowledged that maintaining financial discipline remains a focus. Following the news, Bit Digital’s shares soared 7% to $2.41, per data from Nasdaq.

The Elixir (ELIX) price has been experiencing significant fluctuations in recent times, leaving many investors wondering about its future potential. In this article, we'll provide a comprehensive price prediction analysis of ELIX, including its current market trends, technical analysis, and fundamental analysis. Current Market Trends The current market trends for ELIX are: - *Bullish Momentum*: The relative strength index (RSI) indicates a bullish momentum, with a reading of 60. - *Increased Trading Volume*: The trading volume has increased significantly, indicating a growing interest in ELIX. - *Positive Sentiment*: The overall sentiment around ELIX is positive, with many investors and analysts expressing optimism about its potential. Technical Analysis From a technical analysis perspective, the charts for ELIX suggest a potential breakout: - *Support Levels*: ELIX has strong support at the $0.50 level, which could provide a safety net in case of a downturn. - *Resistance Levels*: ELIX has resistance at the $0.70 level, but a breakout above this level could lead to further gains. - *Moving Averages*: The 50-day and 200-day moving averages are both sloping upwards, indicating a long-term bullish trend. Fundamental Analysis From a fundamental analysis perspective, ELIX has several strengths: - *Strong Development Team*: ELIX has a strong development team with a proven track record of delivering high-quality products. - *Growing Ecosystem*: ELIX has a growing ecosystem of developers, users, and partners, which could lead to increased adoption and demand. - *Unique Features*: ELIX has unique features and benefits that set it apart from other cryptocurrencies. Price Prediction Analysis Based on our technical and fundamental analysis, here are some potential price predictions for ELIX: - *Short-Term Prediction*: In the short term, ELIX could reach $0.80, representing a 14% increase from its current price. - *Medium-Term Prediction*: In the medium term, ELIX could reach $1.00, representing a 33% increase from its current price. - *Long-Term Prediction*: In the long term, ELIX could reach $1.50, representing a 67% increase from its current price. Tips for Investors Here are some valuable tips for investors considering ELIX: - *Conduct Thorough Research*: Conduct thorough research on ELIX, including its underlying technology, market trends, and competitive landscape. - *Set Clear Goals*: Set clear investment goals and risk management strategies to help you stay focused and avoid significant losses. - *Diversify Your Portfolio*: Diversify your portfolio by investing in a mix of different asset classes, sectors, and geographies. - *Monitor Market Trends*: Monitor market trends and adjust your investment strategy accordingly. Common Mistakes to Avoid Here are some common mistakes to avoid when investing in ELIX: - *Failing to Conduct Thorough Research*: Failing to conduct thorough research on ELIX can lead to poor investment decisions. - *Not Setting Clear Goals*: Not setting clear investment goals and risk management strategies can lead to significant losses. - *Not Diversifying Your Portfolio*: Not diversifying your portfolio can lead to increased risk exposure and potential losses. - *Not Monitoring Market Trends*: Not monitoring market trends can lead to missed opportunities or unexpected losses. Conclusion The Elixir (ELIX) price prediction analysis suggests a potential breakout, with a bullish momentum and positive sentiment. By conducting thorough research, setting clear goals, diversifying your portfolio, and monitoring market trends, you can make informed investment decisions and maximize your returns. The Future of ELIX As the cryptocurrency market continues to evolve, ELIX is likely to remain a popular choice among investors: - *Increased Adoption*: Increased adoption of ELIX and other cryptocurrencies could lead to increased liquidity and demand. - *Improved Scalability*: Improved scalability solutions could lead to increased adoption and use cases for ELIX. - *Enhanced Security Measures*: Enhanced security measures, such as upgraded smart contracts and increased transparency, could reduce the risk of technical issues.

Volatility is so incredibly compressed on lower timeframes across a mix of assets right now There's probably going to be a big news event in the next 24 hours that is the catalyst for volatility expansion...