Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Bitcoin surpasses $47,000, first time since March 30, 2022

Bitcoin is a decentralized system of the eponymous cryptocurrency based on blockchain technology. AFP
  • Bitcoin, originating in 2008 under the pseudonym Satoshi Nakamoto, operates as a decentralized digital currency
  • The robust trading volumes in Bitcoin mining firms signal a heightened investor interest, underlining the increasing prominence of cryptocurrencies

Abu Dhabi, UAE – Bitcoin surged above $47,000 on January 9, marking its highest value since March 30, 2022, as reported by the Coindesk platform.

Bitcoin, originating in 2008 under the pseudonym Satoshi Nakamoto, operates as a decentralized digital currency, facilitating peer-to-peer transactions without the need for a central authority or intermediaries.

In parallel, American bourses witnessed substantial trading activity among crypto mining firms on Monday, surpassing trading volumes of well-established US tech giants. Notably, Marathon Digital and Riot Platforms collectively traded at a volume of $3.55 billion on January 8, based on Yahoo Finance data.

Marathon Digital (MARA) claimed the top position as the most traded stock in the United States, with an impressive volume of 112 million shares traded, outstripping major companies like Tesla, AMD, Nvidia, and Apple by a significant margin. Tesla, securing the second spot in US trading, recorded a daily volume of approximately 85 million shares in comparison.

The robust trading volumes in Bitcoin mining firms signal a heightened investor interest, underlining the increasing prominence of cryptocurrencies within the financial landscape.