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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

cryptocurrency market

Iran seizes 7,000 cryptocurrency computer miners, largest haul to date
World

Iran seizes 7,000 cryptocurrency computer miners, largest haul to date

  • Tehran police chief General Hossein Rahimi said the 7,000 computer miners were seized in an abandoned factory in the west of the capital.
  • Bitcoin and other cryptocurrencies are created through a process known as mining, where powerful computers compete with each other to solve complex mathematical problems.
Published 22 Jun, 2021 06:46pm
Spain's BBVA opens Bitcoin trading service to clients in Switzerland
Business & Finance

Spain's BBVA opens Bitcoin trading service to clients in Switzerland

  • BBVA said that during a gradual roll-out it had detected a "significant desire" among investors for crypto-assets or digital assets to diversify their portfolios despite their volatility and high risk.
  • BBVA said it was limiting this new cryptocurrency service to Switzerland because the country has clear regulation and widespread adoption of digital assets.
Published 18 Jun, 2021 05:20pm
Digital coin ether hits record high as 2021 gains near 500pc
Markets

Digital coin ether hits record high as 2021 gains near 500pc

  • Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%. Bitcoin was down a touch at $56,240.
  • US bank J.P. Morgan on Wednesday said the pace of evolution in the ethereum market has "remained rapid" and that there was still room for growth.
Published 12 May, 2021 05:08pm