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US Senate to spotlight virtual currencies as bitcoin plunges

WASHINGTON: Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), and Jay Clayton, chairman of the Securities and Exchange Commission (SEC), will give testimony to the Senate Banking Committee amid growing global unease about the risks virtual currencies pose to investors and…

Eight killed as flash flood plunges vehicle into ditch

KOTLI, Azad Kashmir : Eight people were killed on Sunday as a flash flood plunged a vehicle into a ditch in Kotli district of Azad Kashmir, ARY News reported. According to details, Director regional sports Chaudhry Ishaq and planning and development officer along six others were travelling in a jeep in Nikyal Sector. Read More: Six killed as vehicle plunges into ravine When they reached near Dhamoi waterfall in Mithrani village a storm erupted in stormwater drain and formed a flash flood that carried away the jeep into…

Five killed as van plunges in ravine; 38 injured in other mishaps

LOWER DIR: A passenger van plunged into ravine in Lower Dir area, killing at least five people, ARY News reported Sunday. Police said the incident occurred due to speeding, when a van’s driver tried to negotiate a sharp curve and lost control. Rescue teams and police reached the spot shortly after the incident and helped shifting the bodies and injured to a nearby hospital. Meanwhile, at least eight people were injured when a car overturned near Ghaggar Phattak area. The injured were shifted to a hospital by rescue…