Global stocks made small gains on Tuesday, while government bonds and cryptocurrencies steadied after recent volatility. Wall Street and Asian markets recovered slightly following Monday’s sell-off caused by Japan’s looming interest rate hike. Bitcoin inched up after sharp losses, though it remains 30% below its October peak. The Japanese government bond market calmed after a […]
cryptocurrencies
Govt sets up Pakistan digital assets authority to oversee crypto & web3
ISLAMABAD: Pakistan has decided to create a Digital Assets Regulatory Authority to manage and supervise digital financial markets such as cryptocurrencies, DeFi (decentralized finance) platforms, stablecoins, and tokenized assets, all under a unified legal framework. The Ministry of Finance announced that the new body, called the Pakistan Digital Assets Authority (PDAA), will aim to bring […]
Bill Announced by India to ban Cryptocurrencies
The Indian government will submit legislation to prohibit private cryptocurrencies and establish a framework for a central bank-backed digital currency, parliament announced late Tuesday. The new measure “seeks to prohibit all private cryptocurrencies in India,” according to the Lok Sabha, and follows Prime Minister Narendra Modi’s warning last week that Bitcoin poses a risk to […]
Which cryptocurrency to buy in 2021?
The crypto market remains volatile on September 13, with both positive and negative price movements. The whole market capitalization of cryptocurrencies has risen to $2.08 trillion, up 1.40 percent over the last day, while the total cryptocurrency market volume is $108.76 billion, which has fallen 1.84 percent. The total 24-hour volume in the stable coin […]
Bitcoin tumbles over 10%
El Salvador’s decision to become the first country in the world to declare Bitcoin legal tender isn’t improving Bitcoin’s value. Bitcoin was down over 10% in early trade on Wednesday, marking the most significant drop since Monday evening. According to CoinDesk, the price of Bitcoin has dropped from above $52,000 to less than $46,432. It […]
Asian markets rally as inflation fears ease, oil extends gains
Easing inflation concerns helped push equities higher in Asia on Tuesday, tracking a healthy rally on Wall Street, with traders taking heart from the global economic recovery outlook, while oil prices extended gains as Iran tempered optimism over its nuclear deal. Bitcoin also held gains after another wild day, thanks to another supportive tweet from […]
Bitcoin tumbles to $30,000 after China warning, Musk remarks
Beijing: Bitcoin plunged by 30 percent on Wednesday after China signalled a new crackdown on the cryptocurrency and tycoon Elon Musk hinted that his Tesla car company could unload its huge holdings in the unit. The virtual currency fell to almost $30,000 — less than half the record value it reached last month — before […]
KPK Govt plans to build cryptocurrency mining farms
PESHAWAR: The Khyber Pakhtunkhwa government is planning to build two hydroelectric-powered pilot “mining farms” to capitalize a global cryptocurrency market, a minister overseeing a new government crypto policy. The announcement comes as cryptocurrencies are gaining mainstream acceptance after Elon Musk show his interest and Morgan Stanley offering clients bitcoins. Crypto mining farms involve large investments […]
Rise of smaller rivals throws up fresh challenge to bitcoin
Bitcoin’s weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there’s a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. Collectively, “altcoins” are gaining ground on their bigger cousin. Individually, they are gaining traction among users, gathering communities of […]
Focus falls on crypto’s flaws amid confusion over bitcoin’s jump
Collective puzzlement has reigned among cryptocurrency analysts and traders since bitcoin’s dramatic jump on Tuesday, with the mysterious spike shedding harsh light on flaws in a market the mainstream considers too opaque, too volatile and too risky. Bitcoin soared nearly 20 percent in its best day since the height of its 2017 bubble, lifting smaller […]