Bitcoin Heads for Its Worst Weekly Close in Over a Month

Reuters

Pakistan moves to bring cryptocurrency boom out of the dark

Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan. “When I open the session for questions, there’s a flood of messages, and I spend hours answering them, teaching them basic things about cryptocurrency,” said Ahmed, 38, who quit his job in 2014, believing it was more profitable to mine Bitcoin. Pakistan has seen a boom in trading and mining cryptocurrency, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges.

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