LONDON: The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year’s outcome for the volatile sector. Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into … Read more
LONDON: From the great lockdown, to the great rebound? At the start of this year the world was optimistic that the development of pioneering vaccines would restrict the global spread of the Covid-19. December 2020 marked the date when vaccinations for the virus first began to be administered around the world. Since then, the death … Read more
KARACHI: Cryptocurrency prices went on another roller coaster this past year: surging, plunging and then cycling again. This price move trend usually comes from spot market manipulations by option sellers (mostly institutional traders) to push the spot price closer to the strike price at which the highest number of open options contracts expire worthlessly. Bitcoin, … Read more
RIYADH: Bitcoin, the leading cryptocurrency, traded higher on Tuesday, rising by 6.62 per cent to $48,886 at 5:16pm Riyadh time, after recording a decline over the past few weeks, Arab News reported. The price is down more than 33 per cent from an all-time high on November 10. Many analysts expected the price of Bitcoin to be … Read more
RIYADH: Russian online retailers have registered a growing demand for new and used cryptocurrency mining machines, the Russian business daily Kommersant reported. This year, the demand for application-specific integrated circuit machines has doubled dramatically while video cards have been in short supply which has driven prices up. Searches for hardware designed to mine Bitcoin or ASICs on … Read more
RIYADH: Switzerland’s largest online bank, Swissquote, is preparing to launch its own cryptocurrency trading platform, Arab News reported. The company plans to open its crypto exchange before the end of the first half of 2022, Jan De Schepper, chief sales and marketing officer at Swissquote, was quoted as saying by Finews.asia publication. Swissquote wants to become “the … Read more
RIYADH: Softbank-funded 2TM, owner of the largest cryptocurrency exchange in Latin America, has launched a venture capital unit focusing on blockchain companies around the world, Arab News reported. Brazil-based 2TM, valued at roughly $2.2 billion after the latest $50 million fund-raise, is the holding company of Mercado Bitcoin, with 3.2 million customers as of October 2021. During … Read more
RIYADH: Bitcoin, the leading cryptocurrency, plunged around 30 per cent from the year’s high of $69,000 on November 10, Arab News reported. It; however, traded higher on Sunday, rising by 2.82 per cent to $48,972 at 5:14pm Riyadh time. Ether, the second most popular cryptocurrency, traded at $4,140, up 4.16 per cent, according to data from CoinDesk. … Read more
Bitcoin jumped on Friday, which caused the immense loss of $3,112.06 from its preceding closing. Bitcoin is the world’s major and best-known cryptocurrency is down at 22.6% from the year’s high of $69,000 on Nov. 10. Furthermore, Ether, which is a coin linked to the ethereum blockchain network went drastically down at 6.81% to $4,208.68 … Read more
KARACHI: The rate of one Bitcoin (BTC) in Pakistani rupee (PKR) is Rs 8,392,784.51 on 4th December 2021 in the open exchange market. The rate of BTC decreased when compared with the previous day’s BTC rate which was Rs 9,503,699.61 on 3rd December 2021. The rate of BTC in US dollars (USD) is $47,175.84 on … Read more
RIYADH: The Tourism Authority of Thailand is working with the country’s regulators to make it easier and more convenient for visitors to spend cryptocurrency in the country, Bloomberg reported. Thailand is laying the groundwork for becoming a positive crypto community with the aim of attracting cryptocurrency holders and promoting tourism in it. The country is also hoping … Read more
Bitcoin led a rout in cryptocurrencies on Friday as investors fled assets considered riskier, including stocks and commodities, and headed for the refuge of government bonds, the Japanese yen and the US dollar, Arab News reported. Concerns over a new Covid-19 variant that may evade vaccines and spread more quickly than previous mutations were seen as responsible … Read more
MUMBAI: The Indian government wants to ban all private cryptocurrencies, with some exceptions, to pave the way for a digital money controlled by the central bank. But this may not be as drastic as it sounds. The details of the planned legislation remain unclear, leaving cryptocurrency investors hoping they will by-and-large still be able to … Read more
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday. The proposed bill “seeks to prohibit all private cryptocurrencies in India”, the Lok Sabha said, and comes after Prime Minister Narendra Modi warned last week that Bitcoin … Read more
RIYADH: Bitcoin will emerge as a $100 trillion asset class and grow 100 times more than it is today, Michael Saylor, CEO of Microstrategy, said about the future outlook for Bitcoin in an interview with CNBC. “At the end of the decade, it will have flipped gold, and then it will flip monetary indexes, a little … Read more
El Salvador plans to issue the world’s first sovereign $1 billion US dollar denominated 10-year Bitcoin bonds on the Liquid Network, Bloomberg reported, citing the chief strategy officer of Blockstream. The so-called “volcano bond” is to be equally split between an allocation in Bitcoin and Bitcoin mining infrastructure powered by geothermal energy in the region, Samson Mon … Read more
RIYADH: The cryptocurrency market is witnessing sharp declines in the past few hours, CNBC Arabia reported. Bitcoin, the world’s largest cryptocurrency, fell by more than 5 per cent in the past 24 hours to trade near levels of $57,000, its lowest level since Oct. 13. The Ethereum currency also fell by about 7 per cent during the … Read more
After making its “tip jar” feature available to all iOS users over the age of 18, Twitter has now made it available for Android users as well. You can contribute money to the creator’s Cash App, Patreon, Paypal, Bandcamp, and Venmo accounts immediately from within the app if you see a particularly interesting or instructive … Read more
RIYADH: Bitcoin and ether, the world’s two largest cryptocurrencies, were weak on Wednesday and at near-critical levels that analysts believe could spell further weakness if they fell further, Arab News reported. While profit-taking after the massive run-up in prices earlier this month emerged as the biggest factor, analysts pointed to other reasons behind the more … Read more
LONDON: Muslim countries should act fast to develop common regulatory, financial, and religious frameworks to capitalise on the global boom in cryptocurrencies, experts told Arab News. They also stressed that those states who move first stand to gain the most. Earlier this month, Bitcoin hit an all-time high, a massive $68,521 per coin, but just … Read more
Karachi: Check the latest 1 bitcoin to Pakistani rupee. Today 1 Bitcoin to PKR (BTC to PKR) according to the foreign exchange rate for today. Today Bitcoin Rate In Pakistan Check today’s 1 Bitcoin into PKR exchange Rate, 1 BTC to PKR Rate (Updated 15th November 2021). 1 BTC = 11,553,060.38 PKR Q: What is the … Read more
RIYADH: The Bitcoin price is likely to continue rising until at least the second quarter of 2022 amid continuing global inflation fears, predicts the CEO and founder of deVere, Nigel Green, Arab News quoted. He was speaking as the world’s dominant cryptocurrency hit another all-time high at $69,000. It followed data revealing that inflation has … Read more
RIYADH: Bitcoin and Ether made record peaks in Asian trade with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class, Arab News reported. Bitcoin, the leading cryptocurrency is trading internationally, traded higher on Tuesday, rising by 2.99 per cent to $67,809 at 4:18 pm Riyadh time. Ether, the … Read more
RIYADH: Bitcoin rallied to a record, topping $66,000 for the first time, amid a wave of excitement about how the financial establishment is increasingly accepting the digital currency’s rise, Arab News reported. Bitcoin was trading at $66,439, up 5.9 per cent, as of 12:40pm Eastern time, after earlier climbing as high as $66,974.77. It has roared back … Read more
RIYADH: Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday, as traders bet an anticipated listing of a futures-based US exchange-traded fund (ETF) could herald investment flows into cryptocurrencies, Arab News reported. Bitcoin has been known for its volatility for 13 years and has recently been trading fairly flat, but … Read more
RIYADH: Receiving an average of 1,100,000 Google searches/month, Bitcoin is the most Googled cryptocurrency in the UK, Arab News quoted a new study. The research conducted by Bacancy, a software firm, revealed that Dogecoin is the second most searched digital coin in the UK with a monthly average of 596,000 Google searches over the past year. In third … Read more
Cryptocurrency payments are becoming progressively popular as Bitcoin (BTC) and other digital assets endure to go normal. This has become the case for both cryptocurrency holders and non-cryptocurrency owners who are mostly involved in the concept of using cryptos for payments. New data shows 93% of cryptocurrency users surveyed would consider making buying in cryptocurrency. … Read more
After China quicker its hard work to control the increase of cryptocurrencies last week, something it first initiated as far back as 2013, one of the world’s main crypto exchanges, Huobi, has said it will no longer open new accounts for users in continental China. The news has been unsuccessful to depress bitcoin (BTC) and … Read more
