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cryptocurreny

Bitcoin rises 5.19% to $28,380

Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close. Bitcoin, the world's...

Published 20 Mar, 2023 01:31am

Opinion

Crypto lending world sways under risk and turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients ...

Published 02 Jul, 2022 04:10am

World

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

NEW YORK: Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a ...

Published 17 Jun, 2022 12:44am

Opinion

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

Buoyant bitcoin helps market cruise past $2 trillion

As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2...

Published 29 Mar, 2022 03:41pm

Technology

Cryptocurrency scam case: Binance pledges 'full support' to Pakistan's FIA

Official at Cyber Crime Zone Sindh says Binance has nominated two-member team to coordinate with FIA

Updated 11 Jan, 2022 04:50pm

Pakistan

FIA issues notice to popular cryptocurrency exchange Binance

Says it is investigating multi-million dollar scam after people registered complaints on December 20

Updated 07 Jan, 2022 08:31pm

Markets

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

LONDON: The global computing power of the bitcoin network has dropped sharply as the shutdown this week of...

Published 06 Jan, 2022 08:41pm

Markets

Emerging market 'cryptoization' threatens financial stability: IMF

Cryptocurrencies offer, in theory, a cheaper and quicker way of sending money across borders

Published 01 Oct, 2021 06:48pm

Business & Finance

Crypto exchange Binance hit by criminal complaint from Thai regulators

LONDON/BENGALURU: Thailand’s financial watchdog filed a criminal complaint against cryptocurrency exchange Binance...

Published 03 Jul, 2021 03:19am

Markets

Bitcoin Fund breaks new ground in ME with debut on Nasdaq Dubai

DUBAI: The Bitcoin Fund debuted on the Nasdaq Dubai on Wednesday, becoming the Middle East’s first listed...

Published 24 Jun, 2021 03:36am

Business & Finance

Bitcoin tumbles

LONDON/TOKYO: Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs...

Published 22 Jun, 2021 04:46am

Markets

Bitcoin tops $40,000

LONDON/SINGAPORE: Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following ...

Published 15 Jun, 2021 03:30am

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

S&P, Dow indexes end higher

• Ebay gains as it is exploring crypto and NFTs • Estee Lauder falls as Q3 revenue misses estimates NEW YORK:...

Published 05 May, 2021 04:01am

Business & Finance

Ethereum breaks past $3,000 to quadruple in value in 2021

Ether, the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,051.99 by lunchtime in Asia.
It is up more than 300% for the year so far, easily outpacing a 95% rise in the more popular bitcoin.

Published 03 May, 2021 12:00pm

Business & Finance

Bitcoin falls 1.8pc to $50,270

BENGALURU: Bitcoin dropped 1.77% to $50,269.9 on Saturday, losing $906.75 from its previous close. Bitcoin, the...

Published 25 Apr, 2021 03:13am

Business & Finance

Crypto inflows hit $4.9bn as of mid-April

NEW YORK: Inflows into cryptocurrency funds and products hit $4.9 billion as of April 16, with the pace of increase...

Updated 21 Apr, 2021 10:06am

World

Tesla vehicles can now be bought with Bitcoin, according to Tesla CEO Elon Musk

On Tuesday, Tesla CEO Elon Musk announced that it is now possible to buy Tesla vehicles in the United States with Bitcoin.
Tesla’s market value soared to over $800 billion by January, before dropping to less than $600 billion in February. It now stands at around $635 billion.

Updated 24 Mar, 2021 03:14pm

Markets

Bitcoin falls back sharply after weekend record

Bitcoin's new high also came as ten-year US Treasury yields hit a 13-month high of 1.64% on Friday.
Since the start of 2020, correlations between bitcoin and copper, equities and, in particular, breakeven inflation have increased.

Updated 15 Mar, 2021 09:27pm

Business & Finance

India to propose cryptocurrency ban, penalising miners, traders

The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.

Published 15 Mar, 2021 10:37am

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

Remote Siberian data centre reaps rewards of bitcoin rally

The company could already be responsible for as much as 2% of global bitcoin mining, Chief Executive Igor Runets estimated, but added precise figures in the sector were hard to come by.
Bitcoin is earned -- or 'mined' -- by using your computer to help process the uncrackable "blockchains" or digital transaction records that underpin the currency.

Updated 09 Mar, 2021 09:34pm

Business & Finance

Bitcoin decline 17pc, witness biggest single-day drop

The world's biggest cryptocurrency suffered its biggest daily drop in a month, falling as low $45,000.

Published 23 Feb, 2021 04:03pm

Markets

MicroStrategy prices upsized $900mn debt sale to buy more bitcoin

The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, said proceeds of the offering will be about $879.3 million.
MicroStrategy said on Tuesday it will borrow $600 million to buy more bitcoin, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.

Published 17 Feb, 2021 09:06pm

Markets

Bitcoin hits highs even as analysts warn on 'mainstream moment'

Bitcoin hits record $51,721.
Prices unsustainable without lower volatility –JPMorgan.
Not a "mainstream moment" –UBS.

Published 17 Feb, 2021 08:56pm

Markets

MicroStrategy to borrow $600mn to buy more bitcoin

Shares of MicroStrategy, the world's largest publicly traded business intelligence company, rose more than 4% on the news, adding to their meteoric 580% surge in the past year.
MicroStrategy owns close to 72,000 bitcoin, a regulatory filing showed on Feb. 2, valuing its bitcoin holdings at about $3.6 billion, according to a Reuters calculation.

Published 16 Feb, 2021 09:40pm

Markets

Bitcoin surges past $50,000 for first time

The unit last week blasted its way past $45,000 after Elon Musk's electric carmaker Tesla invested $1.5 billion in the virtual unit.

Published 16 Feb, 2021 09:12pm

Markets

Dollar weakens as market optimism lifts riskier currencies

The improved risk appetite was also reflected in equities, with European indexes rising after Japanese stocks surged to a more than 30-year high earlier in the day.
The dollar index slipped 0.1%, close to last week's low of 90.249 - a level unseen since Jan. 27.

Published 15 Feb, 2021 07:21pm

Business & Finance

Bitcoin rally falters just short of $50,000 as investors take profit

Bitcoin fell as much as 5.6% to $45,914 in Asian trading hours, after having posting a record high of $49,714.66 on Sunday. Rival crypto ethereum slid more than 8%, though both later pared some of those losses.

Published 15 Feb, 2021 02:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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