NEW YORK/LONDON/TOKYO: Bitcoin slid to a 2-1/2-month low on Thursday after a regulatory probe into crypto exchange Binance added to pressure from Tesla Inc. chief Elon Musk’s reversing his stance on accepting the digital currency.
Bloomberg reported on Thursday that as part of the Binance inquiry, the US Justice Department and the Internal Revenue Service have sought information from individuals with insight into its business.
Bitcoin dropped to $45,700, the lowest since March 1, then steadied at $49,312 in Asia morning trade on Friday.
The world’s largest cryptocurrency fell 17 percent on Wednesday following Musk’s remarks that Tesla would stop accepting the digital token as payment for its electric cars for environmental reasons.
RIYADH: Saudi Arabia was the third largest source of remittances globally in 2020, just behind the UAE and the US, according to the latest report from the World Bank. The US was the biggest source country, sending $68 billion abroad last year, while foreign workers in the UAE sent home $43 billion and those in Saudi Arabia transferred $35 billion, said the report, published
JEDDAH: As Muslims around the world are celebrating Eid Al-Fitr in their own unique ways, children in every nation tend to always steal the spotlight with their tireless demands for Eidiya money.
Similar to Halloween in the west, children wait eagerly for this time of the year so they can dress up, visit one household to the next, and receive as much Eidiya money (and chocolates) as possible.
However, due to the ongoing coronavirus (COVID-19) pandemic, many Saudis turned to electronic payments to give out Eidiyas this year. Still, others prefer the old-fashioned way of handing out Eidiyas in cash while also taking COVID-19 health precautions into consideration.
AMMAN: The fight over the Jerusalem neighborhood of Sheikh Jarrah, clashes in and around Al-Aqsa Mosque between Muslim worshippers and Israeli police, and the exchange of rockets, shelling and airstrikes between Hamas and the Israel Defense Force could turn into a civil war between Israeli Jews and Palestinian citizens of Israel, experts fear.
Palestinians, living in mixed Arab and Jewish towns like Lydda, Ramleh, Bat Yam, Haifa and Yaffo, have come under repeated attack in the past few days, with much of it motivated by racism.
Right-wing Jewish mobs yelling “death to Arabs” have beaten up individuals, vandalized homes and targeted shops belonging to Arabs who make up 20 percent of Israel’s citizenry.