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Apr 23, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Cryptocurrency

Visa moves to allow payment settlements using cryptocurrency
Business & Finance

Visa moves to allow payment settlements using cryptocurrency

  • Bitcoin, the most popular crypto coin, jumped to a one-week high on the news, rising as much as 4.5% to $58,300 and heading back toward a record-high above $61,000 hit earlier this month.
  • The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the US dollar.
Published 29 Mar, 2021 06:20pm
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