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Apr 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

cryptocurreny

Going digital will boost rouble's global role, Russia says
Markets

Going digital will boost rouble's global role, Russia says

  • Russia's central bank first floated the idea of the digital rouble last October, saying it could be issued on top of existing cash and non-cash roubles to facilitate payments.
  • China's example shows that they want to use their digital currency as a tool for international settlements.
Published 11 Feb, 2021 08:36pm
Musk's bitcoin bet fuels gains in companies already invested
World

Musk's bitcoin bet fuels gains in companies already invested

  • Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency.
  • The price of bitcoin hit a record high over $48,000 on Tuesday in a two-day surge after Tesla said on Monday that it had bought the digital currency and would soon accept it as a form of payment for cars.
Published 10 Feb, 2021 11:38am
Bitcoin jumps 10pc to record high on Tesla investment news
Markets

Bitcoin jumps 10pc to record high on Tesla investment news

  • The news sent Bitcoin soaring as high as $43,625 as of 1300 GMT. The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added a "#bitcoin" tag on his Twitter profile page, which drove bitcoin higher on the day.
Updated 08 Feb, 2021 06:40pm