Tag: Bitcoin
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April was Bitcoin’s worst month since late 2022 as investors took profits
Bitcoin experienced a significant downturn for the third day in a row on Wednesday, capping off its worst monthly performance in April since late 2022.
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Bitcoin surges to new heights, breaking $70,000 barrier
In a surge of volatile trading, Bitcoin soared to an all-time high of $70,000 on Friday, fueled by the ongoing frenzy in the crypto investment landscape.
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Bitcoin’s price soars close to $69,000, then pulls back to $65,000
Bitcoin, the leading cryptocurrency by market value, surged to a two-year peak, surpassing $68,600 on Tuesday and approaching its all-time high.
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Interbank closing: PKR continues winning streak, settles at Rs281.22
The Pakistani rupee (PKR) extended its upward trend against the US dollar for the fifth consecutive session, gaining 0.02 per cent in the inter-bank market on Tuesday.
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Massive data breach: 2.2 million Pakistani citizens’ personal information for sale online
According to a report from Geo News, the personal data of 2.2 million Pakistani citizens has been compromised and put up for sale online. This breach occurred when hackers gained unauthorised access to a private company-made database that is utilised by hundreds of restaurants.
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Bitcoin surges to 13-month high as US judge rules in favour of Ripple
Bitcoin reached its highest price in almost 13 months this year on Friday, fueled by a significant legal triumph for the crypto industry. A US judge ruled that Ripple Labs did not violate federal securities law by offering its XRP token on public exchanges. Bitcoin initially surged to $31,818 before settling around $30,935 on Friday.
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Bitcoin price surpasses Rs4.5 million for the first time in 2 months
On Saturday, Bitcoin surpassed $20,000 (Rs4.5 million) for the first time in more than two months. The strongest and most popular cryptocurrency in the world gained $922 from its previous closing to appreciate 4.6 per cent to $20,853 at 1:00 GMT on Saturday. Since January 1’s low of $16,496 for the year, the cryptocurrency has…
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Crypto heist: Hackers steal $100 million from Harmony blockchain bridge
A blockchain bridge titled Harmony, which helps in transferring cryptocurrency tokens between each other, recently disclosed that $100 million in digital currency was stolen on Thursday morning from its Horizon bridge. Harmony revealed that its Horizon Ethereum Bridge was a victim of a “malicious attack” in a blog post outlining the incident. Harmony said that…
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Bitcoin surrenders weekend gains, slides 5 per cent
Cryptocurrencies continued their steady decline on May 16, surrendering the gains made over the weekend as regulators loomed. European authorities have reinforced their warnings about the vulnerabilities of cryptocurrencies. Bitcoin slumped 5 per cent to roughly $29,700 in Asian trade on Monday, falling alongside markets amid concerns about burgeoning inflation and borrowing costs. As the…
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‘Stablecoin’ crashes, bitcoin set for a record losing run
Following the collapse of TerraUSD, a so-called stablecoin, resonated across markets, cryptocurrencies suffered significant losses on Friday, with bitcoin trapped below $30,000 and on track for a record losing streak. Concerns about high inflation and rising interest rates have prompted widespread dumping of hazardous investments, including crypto assets. However, sentiment is particularly shaky, as tokens…