Two weeks ago, the market capitalization of cryptocurrencies was more than $2 trillion which has dropped to around $1 trillion last week because of a tension going on between America and China over mining of Bitcoin.
Economy
Finance Minister Shaukat Tarin said on Wednesday that the International Monetary Fund (IMF) had been informed that Pakistan didn’t currently have the capacity to raise its tariffs or taxes under the IMF programme, adding that the World Bank and IMF had been sympathetic to the point of view.
Bitcoin develops resistance level between $39,000 to $40,000 after Rokke and Chinese investors’ come in support of cryptocurrency
Inauguration of the 1,100-megawatt Karachi Nuclear Power Plant Unit-2 (K-2) nuclear power plant.
Generated electricity will be immediately transferred to the national grid.
K-2 is equipped with highly advanced Generation-III (G3) technology.
The growth has started shown some sings of improvement after a long wait for the PTI regime.
On May 19, 2021, Bitcoin market capitalization has dropped to $757 billion, from $1.1 trillion a week before. Bitcoin’s value a week ago was over $56,000 and on May 19, 2021, , it is being traded around $40,000.
The record spree of remittances continued despite the COVID-19 pandemic and travel restrictions.
China, Turkey start test-trials as several countries including Russia and the UK scramble to develop their own digital currencies.