Trends - crypto market - Business Recorder

Markets

Crypto firm accidentally sends $44 billion in bitcoins to users

The exchange had planned to distribute small cash rewards of 2,000 Korean won as part of a promotional event

Updated 07 Feb, 2026 09:21pm

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OPINION: Financial institutions & VASP’s governance

The crypto market has entered a phase where volatility, tightening regulations, and institutional participation are...

Updated 06 Feb, 2026 09:26am

Markets

US regulator orders Fannie, Freddie to consider crypto holdings in loan assessments

The regulator overseeing Fannie Mae and Freddie Mac on Wednesday ordered the housing giants to consider...

Published 26 Jun, 2025 12:46pm

World

Trump reports more than $600mn in income from crypto, golf, licensing fees

Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a...

Published 14 Jun, 2025 10:52am

Pakistan

Pakistan Crypto Council agrees on technical committee for draft laws, regulatory framework

Finance Minister Aurangzeb chairs high-level meeting attended by PCC chief, SBP governor, SECP chairman, and others

Updated 02 Jun, 2025 11:23pm

Pakistan

SBP says collaborating with Pakistan Crypto Council on regulatory framework for virtual assets

The State Bank of Pakistan (SBP) on Friday clarified that it was collaborating with the Pakistan Crypto Council...

Published 30 May, 2025 09:48pm

Business & Finance

GameStop buys bitcoin worth $513 million in crypto push

GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game...

Published 28 May, 2025 06:04pm

Markets

US banks tiptoe toward crypto, awaiting more green lights from regulators

Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger...

Published 28 May, 2025 05:37pm

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Ministry launches strategy to regulate digital assets

ISLAMABAD: In a landmark move to embrace the future of finance, the Ministry of Finance has announced the initiation...

Updated 22 May, 2025 08:50am

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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

Time to ready global response to crypto risks, regulators say

LONDON: Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to...

Published 16 Feb, 2022 03:37pm

Markets

Bitcoin mimics stocks rally, hits 2-week high

Bitcoin hit its highest in two weeks on Saturday, extending the previous session's strong gains as cryptocurrencies...

Published 05 Feb, 2022 11:44am

Markets

Crypto platform Wormhole says funds are 'restored' after $320mn hack

LONDON: Cryptocurrency firm Wormhole said on Thursday that "all funds have been restored" after over $320 million ...

Published 03 Feb, 2022 09:46pm

Technology

India to tax cryptocurrencies at 30%, puts digital assets in highest tax band

Industry estimates suggest there are 15 million to 20 million crypto investors in India, with total crypto holdings of around $5.37 billion

Updated 01 Feb, 2022 05:36pm

Markets

Crypto money laundering rises 30% in 2021

NEW YORK: Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30% from 2020, according to a...

Published 26 Jan, 2022 06:09pm

Business & Finance

‘Russia should regulate crypto market, not ban it’

MOSCOW: Russia should regulate the crypto market, not ban it, Finance Ministry official Ivan Chebeskov said on...

Published 26 Jan, 2022 04:41am

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The cryptocurrency reality & challenge

Cryptocurrency is a relatively new phenomenon. It emerged in 2009. At the time of its creation, nobody expected that...

Updated 21 Jan, 2022 05:15pm

Markets

Russian central bank proposes banning cryptocurrencies, crypto mining

MOSCOW: Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian...

Published 20 Jan, 2022 05:33pm

Markets

UK to rein in marketing of high-risk investments like cryptoassets

LONDON: Britain's financial watchdog said on Wednesday it planned to introduce restrictions on marketing ...

Published 19 Jan, 2022 05:20pm

Markets

Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city

Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with ...

Updated 29 Nov, 2021 06:16pm

World

India's Modi urges democracies cooperate to make cryptocurrencies safe

MUMBAI: Indian Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure...

Published 18 Nov, 2021 11:20am

Markets

Bitcoin, ether nurse losses, lurk near critical levels

HONG KONG/SINGAPORE: Bitcoin and ether, the world's two largest cryptocurrencies, stayed weak on Wednesday and near...

Published 17 Nov, 2021 06:18pm

Markets

Bitcoin slips on profit-taking but on track for biggest gain in 8 months

LONDON: Bitcoin fell on Wednesday to its lowest level in 1-1/2 weeks, taking losses since hitting a record high last...

Published 27 Oct, 2021 08:23pm

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China’s top regulators ban crypto trading, mining

SHANGHAI/LONDON: China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a...

Published 25 Sep, 2021 04:59am

Markets

Bitcoin tumbles under China’s renewed cryptocurrency crackdown

Slides to $32,240 as world's second largest economy remains committed to push back

Published 22 Jun, 2021 04:19pm

Markets

Bitcoin climbs near $40,000 after Musk says Tesla could use it again

Musk flags Tesla may resume BTC transactions
Musk says Tesla sold about 10% of BTC holdings as liquidity test
BTC price jumps close to $40k

Published 14 Jun, 2021 05:51pm

Business & Finance

Cryptocurrencies bounce back from Sunday sell-off, bitcoin still down 30% in May

Crypto market players said fears over the China crackdown would likely linger.

Published 25 May, 2021 11:13am

Business & Finance

NFT enthusiasts hold firm despite crypto price plunge

LONDON: This week's cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying...

Updated 24 May, 2021 08:29am

Business & Finance

Bank of Canada says cryptoassets' volatility is obstacle to payment acceptance

"Price volatility stemming from speculative demand remains an important obstacle to the wide acceptance of cryptoassets as a means of payment," it said.
Bitcoin, the biggest and most popular cryptocurrency rose nearly 14% on Thursday to $42,000, after plunging 14% a day earlier to its lowest since late January.

Published 20 May, 2021 09:07pm

Markets

Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services.
Bitcoin dropped to $30,066, the lowest since late January. It was last down 22% at $33,502. The most popular cryptocurrency posted its largest one-day loss since March 2020.

Published 19 May, 2021 08:12pm