The rapid decline of the U.S. dollar has reignited dreams of “hyperbitcoinization” among Bitcoin proponents. But there is little evidence that the dollar dying means Bitcoin’s victory; and plenty that points toward widespread chaos instead. The dollar dying: lessons from currency collapse Fernando Nikolic, ex-VP at Blockstream and a veteran of Argentina’s financial turmoil, cautions…
Bitcoin has long been celebrated as the digital gold, a peer-to-peer electronic cash system, and a reliable store of value. Portal To Bitcoin (PTB) is being recognized as one of the most transformative innovations in the crypto space. By serving as a direct gateway to Bitcoin’s liquidity, PTB bridges gaps that have long limited adoption…
The Pakistani rupee remained largely stable against the dollar on Tuesday, while showing slight fluctuations against other major currencies. Major commodities such as oil are primarily traded in US dollars, while several economies, including Saudi Arabia, continue to peg their currencies to the greenback. According to the National Bank of Pakistan (NBP) rate sheet, the…
Gold prices fell in both global and domestic markets, tracking a decline in international bullion rates. According to market data, the price of gold in the international bullion market dropped by USD 3 to USD 3,397 per ounce. In the local market, gold prices fell by Rs300 per tola to Rs362,400, while the rate for 10…
