Trends - Cryptocurrency - Business Recorder

Cryptocurrency

Bonfire of bitcoin: Why crypto assets are tumbling

LONDON: The lightning uptake of crypto assets like bitcoin had swelled a volatile sector to a valuation of roughly...

Published 16 May, 2022 05:42am

Business & Finance

Plunging value of dollar-linked cryptocurrency sparks panic

PARIS: A cryptocurrency whose value is supposed to be pegged to the dollar has lost half its value this week,...

Published 12 May, 2022 05:40am

Markets

Does the cryptocurrency crash pose a threat to the financial system?

WASHINGTON: On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies...

Updated 11 May, 2022 01:37pm

Markets

Bitcoin falls below $30,000, lowest since July 2021

TOKYO: Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking...

Published 10 May, 2022 10:01am

Life & Style

Gucci jumps on the crypto bandwagon with US project

Gucci’s high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in...

Published 06 May, 2022 01:14am

Business & Finance

Bitcoin not a panacea for Africa’s economic woes: IMF

PARIS: Bitcoin is not a cure-all for Africa’s economic woes, the International Monetary Fund warned Thursday, ...

Published 29 Apr, 2022 05:43am

Markets

Bitcoin not a panacea for Africa’s economic woes: IMF

PARIS: Bitcoin is not a cure-all for Africa’s economic woes, the International Monetary Fund warned Thursday, after...

Published 28 Apr, 2022 08:57pm

Technology

Graphic chip price drop raises questions on whether end of shortage is in sight

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has...

Published 25 Apr, 2022 11:12pm

Opinion

Energy-hungry bitcoin moves into sights of US environmental movement

When China banned bitcoin mining last year, it launched a US cryptocurrency goldrush, with states such as New York,...

Published 24 Apr, 2022 05:36am

Markets

Crypto exchange Binance curbs services in Russia

The world’s largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on...

Published 21 Apr, 2022 02:44pm

World

N Korea-tied hackers executed $620m crypto heist: FBI

WASHINGTON: North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting...

Published 16 Apr, 2022 04:10am

World

North Korea-tied hackers executed $620mn crypto heist: FBI

WASHINGTON: North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting...

Published 15 Apr, 2022 11:12am

World

US crypto expert jailed 63 months for helping North Korea

NEW YORK: A US cryptocurrency expert was sentenced Tuesday to 63 months in prison for advising North Korea on how to...

Published 14 Apr, 2022 04:55am

Markets

10 billion reasons bitcoin could become a reserve currency

A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the...

Updated 12 Apr, 2022 09:29pm

Technology

Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake

Elon Musk, Twitter Inc's biggest shareholder, on Saturday suggested a raft of changes to the social media giant's...

Updated 10 Apr, 2022 02:15pm

Markets

US Treasury secretary calls for improved cryptocurrency rules

WASHINGTON: US Treasury Secretary Janet Yellen on Thursday called for increased oversight of cryptocurrencies, after...

Updated 07 Apr, 2022 10:20pm

Technology

Cryptoverse: NFT bubble gets that shrinking feeling

Around 635,000 people bought an NFT last month, for $427 on average, according to market tracker CryptoSlam

Updated 05 Apr, 2022 01:31pm

Markets

Nearly half of crypto owners first bought digital assets in 2021

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital...

Published 04 Apr, 2022 10:52am

World

Global regulators monitor crypto use in Ukraine war

LONDON: Global financial regulators are closely scrutinising the use of cryptoassets during the war in Ukraine after...

Published 21 Mar, 2022 05:15pm

Opinion

Crypto provides fix for some in crisis-hit Afghanistan

In the middle of a bazaar in western Afghanistan, Arezo Akrimi takes out her smartphone and, after a few taps of the...

Published 21 Mar, 2022 06:39am

Markets

Dubai grants crypto exchange Binance a virtual asset licence

DUBAI: The world's largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in...

Published 16 Mar, 2022 07:44pm

Business & Finance

Cryptocurrency giant Binance gets licence in Bahrain

DUBAI: Cryptocurrency exchange platform Binance, one of the world’s largest, said Tuesday it had been granted an...

Published 15 Mar, 2022 05:59pm

Business & Finance

Japan urges crypto firms to comply with sanctions against Russia

TOKYO: Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets...

Updated 15 Mar, 2022 06:34am

Business & Finance

US Treasury stresses that Russia sanctions extend to cryptocurrency

WASHINGTON: The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued new guidance on Friday...

Published 14 Mar, 2022 07:22am

Business & Finance

Latest 'amnesty' scheme a good step: Younus Dagha

Former federal secretary says it will help attract foreign inflow into productive sectors of economy, stresses on import substitution

Updated 02 Mar, 2022 07:57pm

Technology

Ukraine raises $13mn in crypto after crowdfunding appeal

LONDON: Ukraine's government has raised cryptocurrency worth almost $13 million after posting appeals on social ...

Published 28 Feb, 2022 03:55pm

Business & Finance

Cryptocurrencies enter Ukraine conflict

LONDON: Having evacuated part of his team from Kyiv, Mike Chobanian, boss of cryptocurrency exchange Kuna, is...

Published 26 Feb, 2022 08:14pm

World

Amsterdam hostage taker asked for 200 million in cryptocurrency

THE HAGUE: A man who held several people hostage at an Apple store in Amsterdam demanded 200 million euros ($230...

Published 23 Feb, 2022 05:08pm

Business & Finance

Crypto donations soar to groups backing Ukraine’s govt

LONDON: Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied...

Published 09 Feb, 2022 05:46am

World

US seizes $3.6bn of stolen bitcoin in record haul

WASHINGTON: The US Justice Department announced Tuesday it had recovered more than 94,000 bitcoin stolen in 2016,...

Published 08 Feb, 2022 11:12pm

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 19 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 19 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 19 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 19 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 19 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 19 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 19 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 19 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 19 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 19 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 19 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 19 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 19 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 19 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 19 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 19 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 19 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 19 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 19 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 19 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 19 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 19 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 19 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 19 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 19 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 19 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 19 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

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