Pakistan introduces use of “Yuan” in its trade transactions

Pakistan introduces use of “Yuan” in its trade transactions

Islamabad: Pakistan has initiated the use of the Chinese currency “Yuan” in its international trade transactions. This was officially announced by the Pakistani central bank “State Bank of Pakistan” and has allowed Pakistani companies and businessmen to use Yuan in their transactions. This decision of Pakistan is considered to be a retaliation to the warning […]

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World’s first ‘Robot Citizen’ ‘Sophia’ wants family, child, friends, career and fame

World’s first ‘Robot Citizen’ ‘Sophia’ wants family, child, friends, career and fame

Dubai: Sophia, the first robot to receive a citizenship has recently expressed her desires of starting a family, giving birth to a girl, career and of achieving fame. This is an attempt by latest advance technology of inducting human feelings in a robot ‘Sophia’. This can be witnessed from the human feelings expressed by Sophia […]

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Bitcoin to reach $40,000 by the end of 2018, predicts Investor and analyst Michael Novogratz

Bitcoin to reach $40,000 by the end of 2018, predicts Investor and analyst Michael Novogratz

Berlin: Just as the cryptocurrency, Bitcoin, took a record leap to cross $10,000, investor and analyst Michael Novogratz predicts it to reach $40,000 by the end of next year. While hinting Bitcoin to be an economic bubble a couple of months ago, Novogratz had indicated Bitcoin value to hit $10000. On this background, his new […]

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Bitcoin surges to $9000

Bitcoin surges to $9000

Washington: In the last two days, the currency ‘Bitcoin’ has taken a record leap by crossing the $ 9,000 mark. Bitcoin’s value has risen by 10 % in the last 24 hours, and on Sunday it reached $ 9,017.42. It has been revealed that the components like ‘Thanks Giving‘ of the United States and ‘Black Friday […]

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Government may possibly ban cheque book to boost digital transactions

Government may possibly ban cheque book  to boost digital transactions

New Delhi: The Central government that had taken the decision to demonetize 1000 and 500 rupees currency notes last year, is all set to take an another important decision to encourage digital transactions. Pravin Khandelwal, secretary general of Confederation of all India Traders (CAIT), has expressed the possibility of central government announcing its decision to withdraw […]

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Bitcoin rate sharply falls by 1300 Dollars

Bitcoin rate sharply falls by 1300 Dollars

Moscow: ‘Bitcoin’ rate hitting a record high of 7,888 Dollars three days back, has now sharply fallen by 1300 Dollars. In barely 48 hours, the ‘Bitcoin’ rate has declined by 17%. The fall may be triggered by sudden withdrawal of decision to implement technical improvement in ‘Bitcoin’. This decline substantiates  the speculation of Bitcoin investment […]

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Relationship between Russia and China at its best, claims CEO of Russia’s ‘Sovereign Fund’

Relationship between Russia and China at its best, claims CEO of Russia’s ‘Sovereign Fund’

Moscow : “China has become a very important strategic partner for Russia. Currently the relationship between Russia and China is at the best level in our history,” said Kirill Dmitriev, CEO of the Sovereign Fund of the Russian Government. Six months ago, the Russian Government had clarified that the bilateral relations between Russia and US […]

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No need to regulate Cryptocurrencies and Blockchain claims Reserve Bank of Australia

No need to regulate Cryptocurrencies and Blockchain claims Reserve Bank of Australia

Australia central bank, the Reserve Bank of Australia has claimed that there is no need to put regulations on ‘Cryptocurrencies’ and the underlying ‘Blockchain’ technology. This information has emerged a month back during a hearing before the Australian Parliament. Just few months back, Australia had clarified that ‘Bitcoin’ could be used like any other currency. […]

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Amazon preparing to enter Cryptocurrencies; buys relevant domains

Amazon preparing to enter Cryptocurrencies; buys relevant domains

Amazon,the multinational giant with annual revenue of USD 136 billion and total assets worth USD 83 billion is reportedly getting ready to enter the Cryptocurrency sector. Reports say that the company, which is considered the leader in electronics, online shopping, cloud computing, etc. has registered 3 domains or web-addresses related to cryptocurrency. As of now, […]

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