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May 09, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

bitcoin

Ether rises to new record high

Ether rises to new record high

NEW YORK/LONDON: Ether, the world’s second largest crypto currency after Bitcoin, on Thursday rose to a record ...
Updated 07 May, 2021 10:01am
Sotheby's to accept bitcoin, ethereum for Banksy auction
Business & Finance

Sotheby's to accept bitcoin, ethereum for Banksy auction

  • Bidding for the work is estimated at $3 million to $5 million, Sotheby's said, with the buyer having the option to pay with cryptocurrency.
  • Coinbase said its partnership with Sotheby's could pave the way for further adoption of cryptocurrency across the bidding house's auctions.
Published 04 May, 2021 06:47pm
Bitcoin extends gain on reports of JPMorgan fund
Markets

Bitcoin extends gain on reports of JPMorgan fund

  • The cryptocurrency had slumped almost a fifth from its all-time high hit earlier this month.
  • It was last up 9.5% at $53,792.0 after touching its lowest since early March on Sunday. Other major coins ethereum and XRP, which tend to move in tandem with bitcoin, were up around 7.7% and 20.4% respectively.
Published 26 Apr, 2021 08:49pm
Bitcoin tumbles after Turkey bans crypto payments citing risks
Markets

Bitcoin tumbles after Turkey bans crypto payments citing risks

  • The decision could stall Turkey's crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
  • In a statement, the central bank said crypto assets were "neither subject to any regulation and supervision mechanisms nor a central regulatory authority", among other security risks.
Published 16 Apr, 2021 06:27pm