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Bitcoin futures begin trading on Chicago Mercantile Exchange The virtual currency was trading below $1,000 at the beginning of the year, and rose to more than $19,000 on some exchanges in the days leading up to its debut on the Cboe and CME. But the growing interest in bitcoin has raised questions on whether its value has gotten too frothy. The Securities and ...
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Local currency in free fall The local currency market witnessed highly speculative trading last week. The rupee came under extensive pressure due to panic buying and selling of dollar in the absence of SBP intervention during the week. On the interbank market, the rupee came under tremendous devaluation pressure against ...
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Bitcoin: Is it too late to look for a Bit of the action? Bitcoin is a virtual currency created by a small group of anonymous hackers in 2009 that exists only on computers. It is not regulated and there is no nation state, regulatory authority or central bank standing behind it, which will ring alarm bells among many. Coins are "mined" by computers solving a set ...
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Why buy a cryptocurrency when you can issue it? There can be any number of cryptocurrencies that can be issued and currently there are more than 1,300 such currencies. The latest mania globally is the initial coin offerings (ICO) mania. These are offerings for currencies other than bitcoins—ethereum, litecoin, monero, etc. And this is where the Ponzi ...
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Bitcoin hits bigger stage as exchange giant CME launches futures The launch of bitcoin futures is viewed as a major step in the digital currency's path toward legitimacy that should ease the entry of big institutional investors. "We saw a nice open on light volume, but pretty uneventful so far. I do think we could certainly pick up in volume as Asia begins to open. This is a ...
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A State-Issued Coin Could Unleash Untapped Potential For Cryptocurrencies A state-issued stablecoin is an encrypted digital asset whose value is pegged 1:1 to a country's fiat currency. Such an asset would be able to withstand the unrestrained volatility of cryptocurrencies today. Bitcoin, whose value has been on the inexorable rise, is still subject to large price fluctuations and ...
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Siraj urges Muslim Ummah to introduce Islamic force, currency In a show of solidarity with Palestinian people and a protest against the United States move to recognize Jerusalem as Israeli capital, a large number of Karachiites participated in the Jamaat-e-Islami million march, here on Sunday. Score of people from all walks of life participated in the march. Protesters ...
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