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‘Bitcoin not a legitimate method of payment’

BEIJING: China does not recognize Bitcoin and other digital currencies as legitimate forms of payment, the central bank governor, Zhou Xiaochuan, said on Friday. “We do not currently recognize Bitcoin and other digital currencies as a…

Bitcoin falls below $9,000 in latest slump

WASHINGTON: Bitcoin fell below $9,000 Friday afternoon to a daily low of $8,587, according to CoinDesk's Bitcoin Price Index. The latest fall is said to triggered by regulation fears. On Thursday, the US Securities and Exchange…

Pakistan’s economic outlook at risk, warns IMF

ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to take immediate counter-acting measures to minimize the increasing risks concerning the country’s economic and financial outlook. In a statement released almost one…