Trends - Cryptocurrency - Business Recorder

Cryptocurrency

Wall Street at record highs on stimulus, vaccine optimism

The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support.

Published 09 Feb, 2021 12:35am

Business & Finance

Jokes abound as Musk helps fuel rise of crypto dogecoin

LONDON: Dogecoin, a cryptocurrency created as a joke in 2013, has seen its value leap in recent days, after ...

Updated 08 Feb, 2021 09:24am

Business & Finance

Nigeria's banks barred from cryptocurrency transactions

LAGOS: Nigeria's banks and financial institutions are barred from dealing in or facilitating transactions in...

Published 06 Feb, 2021 04:06am

World

Nigeria orders banks to close accounts involved in cryptocurrency

"The bank hereby wishes to remind regulated financial institutions that dealing with cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited," it said in a statement posted on its website.

Updated 05 Feb, 2021 11:53pm

Business & Finance

Nigeria's banks barred from cryptocurrency transactions

The bank directed institutions to identify individuals and entities transacting in or operating in cryptocurrency exchanges within their systems and immediately close their accounts.

Published 05 Feb, 2021 08:48pm

Markets

Elon Musk, back on Twitter, turns his attention to Dogecoin

Musk tweets "Dogecoin is the people's crypto".
Dogecoin jumped nearly 68% to $0.054496.
Ethereum hits fresh record highs ahead of futures launch.

Published 04 Feb, 2021 07:06pm

Markets

Dollar gains put on hold, sterling looks to BoE for cues

Elsewhere, the Australian dollar edged up to $0.7646, supported by hopes for US stimulus and progress in securing coronavirus vaccines.

Published 04 Feb, 2021 11:33am

Business & Finance

Ethereum hits record high

LONDON: Ethereum hit all-time highs on Wednesday, breaking above $1,500, as traders bought the cryptocurrency ahead...

Published 04 Feb, 2021 04:13am

Business & Finance

Cryptocurrency crime drops in 2020 but ‘DeFi’ breaches rise

NEW YORK: Losses from cryptocurrency theft, hacks, and fraud fell 57% last year to $1.9 billion, as market...

Updated 01 Feb, 2021 09:06am

Markets

Head of world’s largest Hedge Fund calls Bitcoin ‘one hell of an invention’

On the issues pertaining to Bitcoin and digital currencies as a whole, Dalio pointed out “to one holding digital/cyber assets at a time when cyber offense is much more powerful than cyber defense, the cyber risk is a risk that I can’t ignore.”

Published 30 Jan, 2021 12:33pm

Business & Finance

Bitcoin to online petwear: ‘Papa Musk’ lures investors

LONDON: A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in the cryptocurrency on ...

Published 30 Jan, 2021 03:55am

Business & Finance

Bitcoin soars 11% after Elon Musk name check on Twitter

Musk wrote simply "#bitcoin" in his biography on the social media site.

Published 29 Jan, 2021 02:45pm

Business & Finance

Bitcoin, crypto inflows hit record last week

NEW YORK: Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few...

Published 27 Jan, 2021 04:59am

Business & Finance

Bitcoin slumps 10pc

LONDON: Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing...

Published 22 Jan, 2021 04:47am

Business & Finance

Bitcoin slumps 10% as pullback from record high gathers pace

Joseph Edwards of cryptocurrency broker Enigma Securities said these comments had a substantial impact.

Published 21 Jan, 2021 07:15pm

Markets

Bitcoin, US tech stocks seen as biggest market bubbles

According to nearly 90% of respondents in Deutsche Bank's monthly money-manager study.
The cryptocoin hit a record high $40,000 earlier this month, having rallied more than 900% since a low in March and having only just breached $20,000 in mid-December.

Published 19 Jan, 2021 07:11pm

Markets

Asian stocks swing as virus and unrest offset vaccine, stimulus

The problem is that, for now, the green light has temporarily given way to a state of investors' political angst.

Published 12 Jan, 2021 10:32am

Markets

Stocks struggle after bumper week, bitcoin plunges

The cryptocurrency last week smashed record after record, eventually surging past $40,000.

Published 11 Jan, 2021 07:39pm

Business & Finance

Crypto market cap surges above $1trn for first time

NEW YORK: The total market value of all cryptocurrencies rose above $1 trillion for the first time on Thursday as...

Updated 08 Jan, 2021 03:13am

Markets

Crypto trading volumes hit record $68.3bn on Monday

Bitcoin hit a record high $34,800 on Sunday, building on a 2020 rally that saw it more than quadruple as bigger US investors jumped into the market.
The second-biggest cryptocurrency, ethereum, which tends to trade in tandem with bitcoin.

Published 05 Jan, 2021 08:43pm

Markets

Bitcoin slumps, slamming brakes on New Year rally

Bitcoin falls as much as 14%.
Traders cite unwinding of highly leveraged futures positions.
Bitcoin hit record $34,800 on Sunday.

Published 04 Jan, 2021 05:32pm

Business & Finance

Bitcoin touches record above $29,000, extending 2020 rally

The world's most popular cryptocurrency touched $29,300 before pulling back, most recently down 0.67pc at $28,774.36.

Published 01 Jan, 2021 12:58am

Business & Finance

Total crypto fund inflows top $5 billion this year, up more than 600% - report

Interest in cryptocurrencies skyrocketed this year as investors saw bitcoin as a hedge against inflation and as an alternative to the depreciating dollar.

Published 22 Dec, 2020 09:37am

Business & Finance

Surging investor interest sends bitcoin to peak past $23,000

The 2020, rally has also been driven by increasing expectations it will become a mainstream payment method, with PayPal opening its network to cryptocurrencies.

Published 17 Dec, 2020 05:30pm

Business & Finance

Surging investor interest puts Bitcoin at new all-time peak

The world's highest profile crypto-currency has gained more than 175% this year.

Published 17 Dec, 2020 01:34pm

Business & Finance

Crypocurrency Ban Case: SHC issues show-cause notice to Deputy Director FIA Cyber Crime

The court expressed frustration with the FIA and Assistant Attorney General Gulfraz Khattak for not submitting a reply.

Published 17 Dec, 2020 12:54pm

Markets

Crypto exchange Coinbase hit by tech trouble as bitcoin breaks $20,000 for first time

California-based Coinbase said on its website at 15:41 GMT it had "implemented a fix" to address "congestion issues" on its retail platform Coinbase.com and was monitoring the situation.
Network congestion was also delaying the sending of ethereum - the second biggest cryptocurrency after bitcoin.

Published 17 Dec, 2020 01:23am

Business & Finance

Bitcoin breaks above $20,000 for first time

Bitcoin has gained more than 170pc this year, buoyed by demand from larger investors attracted to its potential for quick gains.

Updated 16 Dec, 2020 07:22pm

Business & Finance

KP Government Legalizes Cryptocurrency: Zia Ullah Bangash

The Government of Khyber Pakhtunkhwa (KP) has unanimously passed the resolution to legalize cryptocurrency and crypto mining, according to Zia Ullah Bangash.

Published 03 Dec, 2020 05:04pm

Markets

BlockFi partners with Visa to launch bitcoin rewards credit card

Card users will receive a 1.5% cashback on an accrual basis for every transaction made through the card.
The service will initially be offered only in the United States and the shipping of cards will start in spring next year, BlockFi said.

Published 02 Dec, 2020 12:33am

Gainers
Losers
Leaders

Stock	Price
Sindh Modaraba / Jun 29 Sindh Modaraba(SINDM)	8.27 ▲ 0.97 (13.29%)
F.Treet Manuf / Jun 29 First Treet Manufacturing Modaraba(FTMM)	10.50 ▲ 0.77 (7.91%)
AEL Textile / Jun 29 AEL Textile Limited(AEL)	15.05 ▲ 1.05 (7.50%)
K.S.B.Pumps / Jun 29 KSB Pumps Company Limited(KSBP)	114.43 ▲ 7.98 (7.50%)
Sanofi-Aventis / Jun 29 Sanofi-Aventis Pakistan Limited(SAPL)	924.50 ▲ 64.50 (7.50%)
Shahtaj Textile / Jun 29 Shahtaj Textile Limited(STJT)	94.77 ▲ 6.61 (7.50%)
Shams Textile / Jun 29 Shams Textile Mills Limited(STML)	46.20 ▲ 3.21 (7.47%)
Zahid Jee Tex. / Jun 29 Zahidjee Textile Mills Limited(ZAHID)	22.73 ▲ 1.58 (7.47%)
Bata (Pak) / Jun 29 Bata Pakistan Limited(BATA)	2290.00 ▲ 157.10 (7.37%)
Shahtaj Sugar / Jun 29 Shahtaj Sugar Mills Limited(SHJS)	53.00 ▲ 3.50 (7.07%)

Stock	Price
Oilboy Engergy (R) / Jun 29 Oilboy Engergy Limited (R)(OBOYR1)	0.06 ▲ -0.53 (-89.83%)
Cordoba Logistics / Jun 29 Cordoba Logistics & Ventures Limited(CLVL)	11.50 ▲ -3.12 (-21.34%)
Hira Textile / Jun 29 Hira Textile Mills Limited(HIRAT)	2.25 ▲ -0.41 (-15.41%)
Punjab Mod / Jun 29 First Punjab Modaraba(FPJM)	1.63 ▲ -0.29 (-15.10%)
Unicap Modaraba / Jun 29 Unicap Modaraba(UCAPM)	1.69 ▲ -0.29 (-14.65%)
PICIC Ins.Ltd. / Jun 29 PICIC Insurance Limited(PIL)	0.80 ▲ -0.11 (-12.09%)
Prud Mod.1st / Jun 29 First Prudential Modaraba(PMI)	1.56 ▲ -0.19 (-10.86%)
Ashfaq Textile / Jun 29 Ashfaq Textile Mills Limited(ASHT)	8.00 ▲ -0.95 (-10.61%)
Nazir Cotton Mills / Jun 29 Nazir Cotton Mills Limited(NCML)	5.00 ▲ -0.59 (-10.55%)
Bilal Fibres / Jun 29 Bilal Fibres Limited(BILF)	2.05 ▲ -0.22 (-9.69%)

Stock	Volume
K-Electric Ltd. / Jun 29 K-Electric Limited(KEL)	27,400,000 ▼ 0.00
Oilboy Engergy (R) / Jun 29 Oilboy Engergy Limited (R)(OBOYR1)	22,800,500 ▼ 0.00
WorldCall Telecom / Jun 29 Worldcall Telecom Limited(WTL)	16,981,500 ▼ 0.00
Unity Foods Ltd / Jun 29 Unity Foods Limited(UNITY)	16,568,997 ▼ 0.00
Cnergyico PK / Jun 29 Cnergyico PK Limited(CNERGY)	9,642,756 ▼ 0.00
Pak Refinery / Jun 29 Pakistan Refinery Limited(PRL)	9,086,182 ▼ 0.00
Hum Network / Jun 29 Hum Network Limited(HUMNL)	7,028,500 ▼ 0.00
G3 Technologies / Jun 29 G3 Technologies Limited(GTECH)	6,527,500 ▼ 0.00
TPL Corp Ltd / Jun 29 TPL Corp Limited(TPL)	5,864,000 ▼ 0.00
TPL Properties / Jun 29 TPL Properties Limited(TPLP)	5,792,481 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 27	207.50
USD PKR Interbank Buying / Jun 27	207.30
USD to Japanese Yen / Jun 27	135.25
USD to Swiss Franc / Jun 27	0.96
Pound Sterling to USD / Jun 27	1.23
Euro to USD / Jun 27	1.06
UK LIBOR % / Jun 27	1.58

Stock	Volume
S&P 500 / Jun 27	3900.11
India Sensex / Jun 27	53161.28
Tokyo Nikkei / Jun 27	26856.89
Nasdaq / Jun 27	11524.55
Hang Seng / Jun 27	22049.42
FTSE 100 / Jun 27	7258.32
Dow Jones / Jun 27	31438.26
Germany DAX 30 / Jun 27	13186.07
France CAC40 / Jun 27	6047.31

Item	Value
Crude Oil USD/Barrel / Jun 27	110.74
Karachi Cotton PKR/37.32 KG / Jun 27	18980.00
Gold 10 Grams PKR / Jun 27	122200.00
Gold Spot USD/Ounce / Jun 27	1823.38
Cotton US¢/pound / Jun 27	94.02

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