LAHORE: The Punjab Safe Cities Authority (PSCA) has lodged a complaint with the National Cyber Crime Investigation Agency (NCCIA) to track down and take legal action against unknown suspects who cloned the authority’s official website and sent fraudulent alerts to citizens, urging them to pay fines for pending e-challans. Separately, it wrote to the Punjab Police to trace the mobile phone numbers of the suspects, who had created the fake website and disseminated the fraudulent link. The PSCA took action when the link, containing fraudulent pending e-challans, was sent to citizens. The link urged recipients to visit the fake website and follow the steps to pay fines. The authority said that the website and link were not legitimate and confirmed that it was a phishing scheme. A collage of fraudulent text messages sent to citizens, urging them to pay traffic fines. PSCA Managing Director Ahsan Younas told Dawn that scammers use the internet for online fraud and apply various tactics to deceive citizens for finan...
Improving retail crypto and TradFi investor sentiment align with the recent uptick in Bitcoin price, but sell orders and short positions in the $93,000 range threaten to cap the rally. Over the past two weeks, Bitcoin price repeatedly revisited the $90,000 range as retail investor sentiment improved, fund managers restated their bullish expectations for a potential end-of-year rally, and Strategy announced a sizable BTC purchase. According to VanEck head of digital asset research, Matthew Sigel, Bernstein wrote that “the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now in an elongated bull-cycle with more sticky institutional buying offsetting any retail panic selling.” Bernstein’s comments follow BlackRock chair and CEO Larry Fink mentioning that sovereign wealth funds are “incrementally” buying Bitcoin as it “has fallen from its $126,000 peak.” Read more
Chimcomplex Borzesti (CRC.RO) has notified shareholders and investors that by the decision of the Board of Directors on December 8, 2025, the mandate of general manager Cosmin Soaita ended on that date and Stefan Vuza was appointed interim general manager for a 12-month term starting December 8, 2025.
Speaking in Abu Dhabi, the Strategy CEO said nations could use Bitcoin reserves and tokenized credit markets to offer regulated accounts with higher yields. Michael Saylor, CEO of the world’s largest Bitcoin treasury holder, is pushing nation-states to develop Bitcoin-backed digital banking systems that offer high-yield, low-volatility accounts capable of attracting trillions of dollars in deposits. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor said countries could use overcollateralized Bitcoin (BTC) reserves and tokenized credit instruments to create regulated digital bank accounts that offer higher yields than traditional deposits. Saylor noted that bank deposits in Japan, Europe and Switzerland offer little to no yield, while euro money-market funds pay roughly 150 basis points, and US money-market rates are closer to 400 basis points. He said this explains why investors turn to the corporate bond market, which “wouldn’t exist if people weren’t so disgusted with their bank account.” Read more