In Dubai’s decades-old Gold Souq, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top center for gold trade, bullion is playing a new role in financial engineering from an Islamic point of view. A local start-up company founded last year, OneGram; is issuing a gold-backed cryptocurrency – […]
Elon Musk, the CEO of Tesla, has fallen to second place on Bloomberg’s list of the world’s wealthiest people. Musk’s net worth plummeted by $15.2 billion in a single day after Tesla shares fell 8.6% on Monday. Jeff Bezos, the founder of e-commerce giant Amazon, has once again topped the Bloomberg Billionaires Index. Bezos is […]
LUMS has anchored investments exceeding Rs670 million to design Pakistan’s first-ever academic programme for blockchain, DLT, and associated platforms. Alumnus and founder of Stacks, Muneeb Ali confirmed the news on Twitter. We’ve made a $2.5M worth of cryptocurrency donation to enable a Bitcoin and crypto internet research center in South Asia at LUMS. https://t.co/OJgPrillO4 — […]
The cryptocurrency Bitcoin has dropped below $50,000 as investors began to get a little nervous about the digital currency’s lofty valuation and some leveraged players took profit. The cryptocurrency dropped more than 14 percent on Tuesday, its largest daily drop in a month, to hit $46,568. That extends a sharp withdrawal from a record high […]
The price of bitcoin crossed another major milestone Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin Friday as it hit the new level, and rose above $55,000 later in the session for a daily gain of more than 6%, according […]
Bitcoin rose above $50,000 for the first time Tuesday as corporate heavyweights increasingly back the world’s most popular virtual currency. It has risen around 72pc so far this year. Most of the gains came after electric carmaker Tesla said it had bought $1.5 billion in bitcoin. Bitcoin has been on a rise since March last […]
Bitcoin powered to a record high on Tuesday, approaching the $50,000 mark, basking in the afterglow of Elon Musk-led Tesla’s investment in the cryptocurrency that had investors believing it may become a mainstream asset class. The most popular cryptocurrency has gained 1,150 percent since its March 2020 lows; as institutional investors searched for alternative investments […]
Bitcoin fell heavily on Friday and was heading towards its sharpest weekly drop since last March, as worries over its technology and regulation extended a pullback from recent record highs. The world’s most popular cryptocurrency fell more than 5 percent to an almost three-week low of $28,800 in the Asia session, before steadying around $30,000. […]
