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cryptocurrencies

Young UK investors choose cryptocurrencies over stocks

LONDON: Young British investors are twice as likely to buy cryptocurrencies such as bitcoin as they are to buy...

Updated 26 Apr, 2021 10:12am

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

Business & Finance

WeWork to begin accepting payments in cryptocurrencies

WeWork is the latest in a string of popular companies to announce plans to incorporate cryptocurrencies in their businesses.
Visa Inc said last month it would allow payment settlements using cryptocurrency while PayPal Holdings Inc launched a crypto checkout service on March 30.

Published 20 Apr, 2021 05:59pm

World

'Britcoin' not bitcoin? UK considers new digital currency

UK creates BoE-Treasury taskforce to look at 'digital pound'.
Sunak focused on boosting London's competitiveness after Brexit.
Britain will lift curbs on who can trade shares in London.
Britain will ease limit on off-exchange share trading.

Published 19 Apr, 2021 04:27pm

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 brings cryptocurrencies to Wall Street

Another factor that could put Coinbase at a disadvantage is its commissions, which the company uses to earn money.

Updated 13 Apr, 2021 04:32pm

Markets

Russian central bank considers digital rouble in 2023

The central bank first floated the idea of the digital rouble in October, citing the need to make payments more convenient;

Updated 09 Apr, 2021 09:19am

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

Markets

Japan's central bank kicks off experiments on issuing digital currency

If necessary, the central bank will launch a pilot programme that involves payment service providers and end users, BOJ Executive Director Shinichi Uchida said last month.

Published 05 Apr, 2021 12:05pm

Business & Finance

Young investors taking on lots of risk

LONDON: A new generation of young consumers, often influenced by social networks and using trading apps, are ...

Published 29 Mar, 2021 06:05am

Business & Finance

Baby boomers next to jump into crypto

LONDON: Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more...

Published 29 Mar, 2021 06:05am

Markets

Teslas can now be bought for bitcoin, Elon Musk says

Bitcoin, the world's biggest digital currency, rose more than 4pc after Musk's tweet and was last up 3.5pc at $56,178.

Published 25 Mar, 2021 12:03am

Business & Finance

BNY Mellon invests in cryptocurrency storage firm Fireblocks

BNY Mellon's investment was part of a $133 million funding round that also saw participation from hedge fund Coatue Management, investment firm Ribbit Capital, growth equity firm Stripes and SVB Capital.
Fireblocks has a presence in Europe, Asia and North America, with customers including banks, neobanks, exchanges, hedge funds and market makers.

Published 18 Mar, 2021 05:40pm

Business & Finance

Nigeria needs to regulate cryptocurrencies, not ban them: vice president

The Securities and Exchange Commission (SEC) has meanwhile sought to regulate cryptocurrency investments on the grounds that they qualify as securities transactions.
The central bank has argued that cryptocurrencies, which are unregulated and not legal tender, are risky for the user.

Published 26 Feb, 2021 08:56pm

Business & Finance

Bitcoin rally falters just short of $50,000

SINGAPORE: Bitcoin stalled just short of the $50,000 mark on Monday and other cryptocurrencies slipped, as investors...

Updated 16 Feb, 2021 09:32am

Business & Finance

Bitcoin's mainstream charge raises stakes for central bank digital cash

Central banks from the Group of Seven nations set out in October how a digital currency could function, though progress has been slow.
Access to central bank money beyond physical cash has so far been restricted to financial institutions. Extending it to the broader public would have major economic and financial repercussions.

Published 15 Feb, 2021 08:39pm

Markets

Thursday's early trade: Dow hits record high

NEW YORK: The Dow hit a record high on Thursday while the S&P 500 and the Nasdaq hovered near all-time highs as...

Published 12 Feb, 2021 04:54am

Wall Street player BNY Mellon jumps on bitcoin bandwagon

NEW YORK: Bitcoin and other crypto currencies took another leap towards the financial mainstream Thursday when Wall...

Updated 12 Feb, 2021 09:28am

Markets

Bitcoin surges to all-time high after BNY Mellon embraces cryptocurrencies

The new unit at BNY Mellon, called the Digital Assets unit, is expected to roll out the offerings later this year, the bank said.
Bitcoin was last up 5.7% at $47,387.

Updated 11 Feb, 2021 07:51pm

Business & Finance

Early trade in New York: Dollar drops to 2-week low

NEW YORK: The dollar fell to two-week lows on Tuesday in choppy trading, led by losses against the yen and euro, as...

Updated 11 Feb, 2021 09:32am

World

North Korea stole $300m in crypto to fund nukes: UN experts

The North is also blamed for a huge, $81 million cyber-heist from the Bangladesh Central Bank, as well as the theft of $60 million from Taiwan's Far Eastern International Bank.

Published 10 Feb, 2021 10:05am

Markets

Gold, silver ease as dollar holds firm near 2-month peak

Spot gold dropped 0.6% to $1,822.01 per ounce by 0330 GMT. US gold futures fell 0.6% to $1,823.90.

Published 04 Feb, 2021 10:14am

Business & Finance

India proposes law to ban cryptocurrencies, create official digital currency

MUMBAI: India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework...

Updated 01 Feb, 2021 09:06am

Markets

India proposes law to ban cryptocurrencies, create official digital currency

The law will "create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI)."
The RBI had in April 2018 ordered financial institutions to break off all ties with individuals or businesses dealing in virtual currency such as bitcoin within three months.

Published 30 Jan, 2021 05:55pm

Business & Finance

After dizzying gyrations, what's bitcoin really worth?

He added that the bulk of investors are not day-to-day traders, but people making a long-term punt -- and he estimates that the spectacular price boom of recent weeks has involved only around five millions units.

Published 17 Jan, 2021 10:03am

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

Published 14 Jan, 2021 01:11pm

Business & Finance

Bitcoin hits one-week low as rising US yields dent rally

Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51.

Published 11 Jan, 2021 11:13am

Business & Finance

Russia's Sberbank says proposed digital rouble may push lending rates higher

"Respectively, these same funds will no longer be available for lending, which will eventually lead to a liquidity deficit and as a consequence, rising rates," he said.

Published 15 Dec, 2020 04:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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