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Tag: Digital Currency

Pakistan mulls introducing digital currency

RIYADH: Pakistan’s Finance Minister Muhammad Aurangzeb said that the government is considering the possibility of introducing digital currency within its borders. Speaking at the World...

SBP plans to launch Pakistan’s first-ever digital currency

State Bank of Pakistan (SBP) Governor Jameel Ahmad Thursday revealed that the central bank is working on a plan to launch Pakistan’s first digital...

India freezes assets of Binance-linked WazirX

India's financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world's largest digital currency exchange Binance, as...

Bitcoin falls to lowest since January

Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line...

Another country adopts bitcoin as legal currency

The Central African Republic "is the first country in Africa to adopt bitcoin as legal tender."

Buyers beware as “altcoin” frenzy bruises bitcoin

Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency marke

‘Digital currency’: A central bank alternative to bitcoin?

Outlined here is an examination of how central bank digital currencies could resemble and differ from cryptocurrencies and "stablecoin" projects like Facebook-backed Diem.

Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans

Bitcoin and other cryptocurrencies suffered hefty losses on fears that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets

Britain to look closer at creating digital currency

Britain stepped up efforts on Monday to look at the case for a digital pound in response to the challenge posed by cryptocurencies such as bitcoin

China becomes first major economy to launch digital currency

The Chinese government has begun to issue blockchain-powered digital currency to its citizens

Russian central bank considers digital rouble

 The Russian central bank is considering limiting future transactions with a digital rouble to smooth the impact of its implementation, planned for 2023

Bitcoin hits $60,000 in record high

Bitcoin is up more than 2% from its previous year high of $58,354.14 on Feb. 21

Bitcoin is at a “tipping point”

With the recent embrace by the likes of Tesla and Mastercard, bitcoin could be at the start of a “massive transformation” into the mainstream, Citi said in a report.

Bitcoin heads for worst week since March 2020

Bitcoin fell over 6% on Friday to its lowest in two weeks as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets

Bitcoin within a whisker of $50,000

The first and most famous cryptocurrency, bitcoin hit $49,938 and has gained roughly 70% this year, most of that after electric carmaker Tesla said it bought $1.5 billion in bitcoin

India proposes law to ban cryptocurrencies, create official digital currency

The law will “create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI)

Global watchdogs agree rules for stablecoins like Facebook’s Libra

Existing national rules do not fully cover stablecoins the Financial Stability Board (FSB) said in a statement

China starts trial of digital currency to counter dollar monopoly

The trail payments of the Chinese digital currency were started in four cities including Shenzhen, Suzhou, Chengdu and Xiong'an.

European governments move to veto Facebook’s digital money

WASHINGTON: Major European players are joining forces to block Facebook's proposed digital currency because of the dangers it poses to national sovereignty, French Economy Minister...

Facebook’s efforts to establish Libra currency suffers severe setback

Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday