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Apr 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

bitcoin

You can now purchase a Tesla with Bitcoin
Technology

You can now purchase a Tesla with Bitcoin

  • “Tesla is using only internal and open source software and operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,” added Musk.
Updated 24 Mar, 2021 02:56pm
Bitcoin falls back sharply after weekend record
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
Bitcoin hits $60,000 in record high
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
Bitcoin miner Cipher to go public via $2bn SPAC merger
Markets

Bitcoin miner Cipher to go public via $2bn SPAC merger

  • The deal will provide the merged entity with gross cash proceeds of $595 million, which includes $425 million from investors including Fidelity Management & Research Company and Morgan Stanley's Counterpoint Global.
  • Good Work, a special purpose acquisition company, or SPAC, raised $150 million through an initial public offering last year.
Published 05 Mar, 2021 06:12pm
Bitcoin set for worst week since March as riskier assets sold off
Markets

Bitcoin set for worst week since March as riskier assets sold off

  • The world's biggest cryptocurrency slipped as much as 6% to $44,451 before recovering most of its losses.
  • The sell-off echoed that in equity markets, where European stocks tumbled as much as 1.5%, with concerns over lofty valuations also hammering demand. Asian stocks fell by the most in nine months.
Published 26 Feb, 2021 06:13pm