Monday, May 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Bitcoin tops $25,000, highest in 8 months on increased demand

AFPbyAFP
February 17, 2023, 9:05 pm
in Business, Money
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

London, United Kingdom—Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators.

The digital coin has soared by 50 percent since the start of the year, though it remains far off its peak of $68,992, which it reached in November 2021.

Bitcoin reached $25,249 on Thursday, its highest point since June and the first time it topped $25,000 since August.

A more optimistic outlook for the world economy is propping up the markets, including cryptocurrencies, with Paris and London stock exchanges hitting all-time highs on Thursday.

“While regulatory crackdowns continue to drive some unease, there’s clearly a growing sense of relief that the worst is behind it for the industry and 2023 could be a much better year,” said Craig Erlam, analyst at online trading platform OANDA.

US officials are cracking down on the cryptocurrency sector after the uproar caused by the recent bankruptcy of FTX and Alameda Research.

FTX, once the world’s highest-profile crypto exchange, collapsed spectacularly in November, leaving nine million customers in the lurch and seeing cofounder Sam Bankman-Fried indicted for fraud by US prosecutors.

US regulators on Monday ordered crypto firm Paxos Trust to stop issuing dollar-pegged cryptocurrency BUSD, a stablecoin, for trading platform Binance.

“The third largest stablecoin was given an expiration date of February 2024 and the market has seemingly shrugged it off,” said Riyad Carey, analyst at cryptocurrency data provider Kaiko.

As stablecoins are backed by one or more national currencies with a near fixed rate of exchange they don’t experience the swings in value that cryptocurrencies like Bitcoin have seen.

Tags: BitcoinCraig Erlamsurge
ADVERTISEMENT
AFP

AFP

Related Posts

FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:40 am
0
8
FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:35 am
0
8
FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:30 am
0
8
FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:25 am
0
8
FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:20 am
0
8
FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:15 am
0
8
FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

Print Edition

View More

Recent Posts

  • Erdogan: Turkey’s undisputed titan enters third decade of rule
  • Empowering Employees and Clients with Tech, and Learning Culture to Drive Growth in a Volatile Biz Landscape
  • Gunfire adds to violations near end of breached Sudan truce
  • Stakeholders press for urgency of EV industry incentives as local assembly of e-motorcycles starts June 2023
  • Two Virunga park guards killed in DR Congo
  • Zelensky thanks air defence after ‘most powerful’ attack on Kyiv
  • Somalia to introduce direct universal suffrage in 2024
  • FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

Advertisement

Latest News

Zelensky thanks air defence after ‘most powerful’ attack on Kyiv

byAFP
May 29, 2023, 9:00 am
0
8
Ukraine’s Zelensky visits southern front as battles rage

Kyiv, Ukraine - Ukrainian President Volodymyr Zelensky on Sunday praised his country's air defence forces, after the capital Kyiv saw the...

Read more

Somalia to introduce direct universal suffrage in 2024

byAFP
May 29, 2023, 8:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Mogadishu, Somalia - Somalia's government and federal member states said Sunday that direct universal suffrage would be introduced with local elections...

Read more

FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:40 am
0
8
FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:35 am
0
8
FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:30 am
0
8
FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App