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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

Business & Finance

Economic downturn fueling Argentine crypto craze

In Argentina, crypto-investors tend to be people who are risk averse, said Emiliano Limia.

Published 04 May, 2021 10:51am

Markets

Govt, industry push bitcoin regulation to fight ransomware scourge

SAN FRANCISCO: Government and industry officials confronting an epidemic of ransomware, where hackers freeze the...

Published 03 May, 2021 04:39am

Business & Finance

Tesla says bitcoin investment worth $2.48bn

NEW YORK: Tesla Inc said on Wednesday that the fair market value of bitcoin the electric carmaker held as of March ...

Updated 30 Apr, 2021 10:30am

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

Markets

Dollar gains vs most major currencies as Fed meeting looms this week

German Ifo data short of expectations.
Focus on Fed meeting ending Wednesday.
Bitcoin reclaims $50,000 bar.
Turkish lira recovers from steep losses.

Published 26 Apr, 2021 08:23pm

Business & Finance

‘Digital currency’: A central bank alternative to bitcoin?

LONDON: Digital euros, yuan and dollars? Faced with increased popularity for cryptocurrency bitcoin, as well as for...

Updated 26 Apr, 2021 10:12am

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

Markets

Bitcoin, other cryptocurrencies suffer hefty losses

TOKYO/LONDON: Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that US President Joe...

Published 24 Apr, 2021 03:21am

Markets

European stocks eye weekly drop, Bitcoin slides on US tax hike plan

European stocks down 0.4%, S&P futures up 0.25%.
Bitcoin down 4.5%, Ethereum down 6.5%.
Euro eyes 7-week high vs dollar, euro zone PMI upbeat.

Published 23 Apr, 2021 05:28pm

Business & Finance

Early trade in New York: Dollar steadies, euro strengthens

NEW YORK: The dollar steadied on Tuesday amid a mix of gains and losses against major currencies as interest rates ...

Updated 21 Apr, 2021 10:06am

Business & Finance

Early trade in New York: Dollar slumps to 6-week low

NEW YORK: The dollar slumped to a six-week low against other major currencies on Monday as markets sorted out the...

Updated 20 Apr, 2021 10:02am

Markets

Dollar slumps to 6-week low, Bitcoin steadies after weekend drop

Dollar slumps to 6-week low.
Carry trade may thrive in low vol environment – ING.
MSCI EM FX index hits 1-month high.
Bitcoin trades near $57k after weekend plunge.

Published 19 Apr, 2021 06:06pm

Markets

Dollar pinned near one-month low amid subdued US yields

The bitcoin rout also followed a decision on Friday by Turkey's central bank to ban the use of cryptocurrencies for purchases.

Published 19 Apr, 2021 11:17am

Markets

Bitcoin slumps 14pc as pullback from record gathers pace

LONDON/NEW YORK: Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing...

Published 19 Apr, 2021 03:21am

Business & Finance

Bitcoin tumbles over 4pc after Turkey bans crypto payments citing risks

ANKARA: Bitcoin tumbled more than 4 percent on Friday after Turkey’s central bank banned the use of...

Published 17 Apr, 2021 03:28am

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

Business & Finance

Coinbase wows in Nasdaq debut amid cryptocurrency frenzy

As a result of this craze, Coinbase's revenue has increased almost tenfold in the course of a year to $1.8 billion in the first quarter, according to company estimates.

Published 15 Apr, 2021 10:24am

Markets

World stocks post record highs as bond yields ease

European stocks up 0.2%.
US earnings on the radar.
Bond yields near three-week lows.
Bitcoin hits record high, dollar weakens.

Published 14 Apr, 2021 05:23pm

Business & Finance

Bitcoin hits record high above $62,000

LONDON: Bitcoin hit a record high above $62,000 Tuesday as the cryptocurrency exchange Coinbase prepares to launch...

Updated 14 Apr, 2021 10:11am

Markets

Markets mostly rise before US inflation, bitcoin hits record peak

Frankfurt and Paris stocks climbed in early afternoon eurozone deals, chasing most of Asia higher before US consumer price numbers.

Published 13 Apr, 2021 06:22pm

Business & Finance

Bitcoin hits record high above $62,000

Banks and payment services such as Paypal allow transactions in certain digital currencies.

Published 13 Apr, 2021 02:49pm

Business & Finance

Cryptocurrencies: a $2.0-trillion market

Number two in the market is ethereum, which this week hit an all-time high above $2,000.

Published 13 Apr, 2021 12:14pm

Business & Finance

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

While HSBC will allow the holding, sale and outgoing transfer of MicroStrategy shares, it will forbid new purchases or incoming transfers, said the message dated March 29.

Updated 13 Apr, 2021 12:09am

Markets

European stocks steady despite Asia losses

London nudged lower in late morning deals, while Frankfurt and Paris flatlined shortly after midday in the eurozone.

Published 12 Apr, 2021 05:21pm

Markets

Bitcoin above $60,000 again, rises 1.32% to $60,555.97

The world's biggest and best-known cryptocurrency is up 118.3% from the year's low of $27,734 on Jan. 4.

Updated 11 Apr, 2021 05:51pm

Business & Finance

China’s bitcoin mining rush risks derailing climate goals

BEIJING: China’s electricity-hungry bitcoin mines that power nearly 80 percent of the global trade in...

Updated 07 Apr, 2021 09:50am

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

Business & Finance

Early trade in New York: Dollar on track for third weekly gain

NEW YORK: The dollar rose on Friday in thin trading, on pace for its third weekly gain, after data showed the...

Published 03 Apr, 2021 03:41am

Life & Style

How two friends made art history buying Beeple's $70 million NFT digital art

The March 11 auction at Christie’s in London immediately made Beeple’s artwork one of the most expensive pieces ever sold by living artists.

Updated 30 Mar, 2021 12:11pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.61
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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