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crypto market

The phenomenon of cryptoassets

Cryptoassets are the most noteworthy technology the world has witnessed over the last two decades. Bitcoin was first...

Published 27 Apr, 2022 05:19am

Markets

Time to ready global response to crypto risks, regulators say

LONDON: Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to...

Published 16 Feb, 2022 03:37pm

Markets

Bitcoin mimics stocks rally, hits 2-week high

Bitcoin hit its highest in two weeks on Saturday, extending the previous session's strong gains as cryptocurrencies...

Published 05 Feb, 2022 11:44am

Markets

Crypto platform Wormhole says funds are 'restored' after $320mn hack

LONDON: Cryptocurrency firm Wormhole said on Thursday that "all funds have been restored" after over $320 million ...

Published 03 Feb, 2022 09:46pm

Technology

India to tax cryptocurrencies at 30%, puts digital assets in highest tax band

Industry estimates suggest there are 15 million to 20 million crypto investors in India, with total crypto holdings of around $5.37 billion

Updated 01 Feb, 2022 05:36pm

Markets

Crypto money laundering rises 30% in 2021

NEW YORK: Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30% from 2020, according to a...

Published 26 Jan, 2022 06:09pm

Business & Finance

‘Russia should regulate crypto market, not ban it’

MOSCOW: Russia should regulate the crypto market, not ban it, Finance Ministry official Ivan Chebeskov said on...

Published 26 Jan, 2022 04:41am

Opinion

The cryptocurrency reality & challenge

Cryptocurrency is a relatively new phenomenon. It emerged in 2009. At the time of its creation, nobody expected that...

Updated 21 Jan, 2022 05:15pm

Markets

Russian central bank proposes banning cryptocurrencies, crypto mining

MOSCOW: Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian...

Published 20 Jan, 2022 05:33pm

Markets

UK to rein in marketing of high-risk investments like cryptoassets

LONDON: Britain's financial watchdog said on Wednesday it planned to introduce restrictions on marketing ...

Published 19 Jan, 2022 05:20pm

Markets

Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city

Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with ...

Updated 29 Nov, 2021 06:16pm

World

India's Modi urges democracies cooperate to make cryptocurrencies safe

MUMBAI: Indian Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure...

Published 18 Nov, 2021 11:20am

Markets

Bitcoin, ether nurse losses, lurk near critical levels

HONG KONG/SINGAPORE: Bitcoin and ether, the world's two largest cryptocurrencies, stayed weak on Wednesday and near...

Published 17 Nov, 2021 06:18pm

Markets

Bitcoin slips on profit-taking but on track for biggest gain in 8 months

LONDON: Bitcoin fell on Wednesday to its lowest level in 1-1/2 weeks, taking losses since hitting a record high last...

Published 27 Oct, 2021 08:23pm

China’s top regulators ban crypto trading, mining

SHANGHAI/LONDON: China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a...

Published 25 Sep, 2021 04:59am

Markets

Bitcoin tumbles under China’s renewed cryptocurrency crackdown

Slides to $32,240 as world's second largest economy remains committed to push back

Published 22 Jun, 2021 04:19pm

Markets

Bitcoin climbs near $40,000 after Musk says Tesla could use it again

Musk flags Tesla may resume BTC transactions
Musk says Tesla sold about 10% of BTC holdings as liquidity test
BTC price jumps close to $40k

Published 14 Jun, 2021 05:51pm

Business & Finance

Cryptocurrencies bounce back from Sunday sell-off, bitcoin still down 30% in May

Crypto market players said fears over the China crackdown would likely linger.

Published 25 May, 2021 11:13am

Business & Finance

NFT enthusiasts hold firm despite crypto price plunge

LONDON: This week's cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying...

Updated 24 May, 2021 08:29am

Business & Finance

Bank of Canada says cryptoassets' volatility is obstacle to payment acceptance

"Price volatility stemming from speculative demand remains an important obstacle to the wide acceptance of cryptoassets as a means of payment," it said.
Bitcoin, the biggest and most popular cryptocurrency rose nearly 14% on Thursday to $42,000, after plunging 14% a day earlier to its lowest since late January.

Published 20 May, 2021 09:07pm

Markets

Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services.
Bitcoin dropped to $30,066, the lowest since late January. It was last down 22% at $33,502. The most popular cryptocurrency posted its largest one-day loss since March 2020.

Published 19 May, 2021 08:12pm

Markets

Bitcoin drops to 3-month low in wild trading after Musk tweets

Musk tweets that Tesla has not sold bitcoin
Ether and dogecoin dive also
Bitcoin, dogecoin and ether all up year to date.

Published 17 May, 2021 09:42pm

Markets

Crypto market cap surges to record $2trln, bitcoin at $1.1trln

NEW YORK: The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data...

Updated 07 Apr, 2021 09:51am

Business & Finance

Crypto market cap soars to record $2trn, bitcoin at $1.1trn

Bitcoin was last up 1pc at $58,820. Since hitting a lifetime peak of more than $61,000, but has since traded in a relatively narrow range.

Published 06 Apr, 2021 12:26am

Markets

Bitcoin hits $60,000 in record high

A $1.5 billion bitcoin bet last month by Tesla Inc saw Elon Musk's electric car company join business software firm MicroStrategy Inc and Twitter boss Jack Dorsey's payments company Square Inc in swapping some traditional cash reserves for the digital coin.
Amid rising customer demand to own and invest in bitcoin, Goldman Sachs Group Inc. said this week that it is exploring how to serve those clients while remaining on the right side of regulation.

Updated 13 Mar, 2021 09:10pm

Markets

Bitcoin miner Cipher to go public via $2bn SPAC merger

The deal will provide the merged entity with gross cash proceeds of $595 million, which includes $425 million from investors including Fidelity Management & Research Company and Morgan Stanley's Counterpoint Global.
Good Work, a special purpose acquisition company, or SPAC, raised $150 million through an initial public offering last year.

Published 05 Mar, 2021 06:12pm

World

Twitter CEO Dorsey's Square firm invests $170 million in Bitcoin

Twitter CEO Jack Dorsey's credit and payments firm Square has invested $170 million in Bitcoin, tripling his previous investment in the cryptocurrency giant.
The announcement came as Bitcoin's value surged past $50,000, setting a new record.

Updated 24 Feb, 2021 03:28pm

World

US charges North Korean hackers in $1.3bn theft scheme

They allegedly robbed digital currency exchanges in Slovenia and Indonesia and extorted a New York exchange of $11.8 million.

Published 18 Feb, 2021 10:35am

World

Musk's bitcoin bet fuels gains in companies already invested

Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency.
The price of bitcoin hit a record high over $48,000 on Tuesday in a two-day surge after Tesla said on Monday that it had bought the digital currency and would soon accept it as a form of payment for cars.

Published 10 Feb, 2021 11:38am

Markets

Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge

Analysts said the move by one of the world’s best-known companies was liable to prove a game changer for bitcoin.
Musk said a week ago that bitcoin was “on the verge” of being more widely accepted among investors and in December asked if it was possible to do large transactions in the currency.

Updated 08 Feb, 2021 07:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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