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Bitcoin records over 13% surge after El Salvador passes law to adopt it as legal tender

Crypto magnet Bitcoin jumped 13 per cent on Thursday, a day after El Salvador passed a law to adopt bitcoin as legal tender.

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Bitcoin records over 13% surge after El Salvador passes law to adopt it as legal tender
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After jump, the cryptocurrency was traded above $37,000 before settling lower at $36,435.96 at about 4:48am ET, according to CoinDesk data.

 

On Wednesday, lawmakers in the Central American country passed a law that made bitcoin legal tender. Among other things, it means prices can now be shown in bitcoin and tax contributions can be paid with the digital currency.

Bitcoin proponents, who have long seen the digital coin as a viable alternative to fiat currencies, welcomed El Salvador’s moves.

The country has struck a partnership with digital wallet company Strike, to build the country’s modern financial infrastructure using bitcoin technology.

Other cryptocurrencies got a lift as well, and ether and XRP were both trading higher.

Bitcoin is still significantly off of its record high of $64,829.14 that was hit in April.

 

Faisal Ali Ghumman is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Faisal Ali Ghumman is nothing less than a Veteran Editor and has been writing for GNN for the past 3 months.

Technology

Twitter tests edge-to-edge photos in timeline

The microblogging platform, Twitter is exploring ways to build more visually immersive experience with its latest test to see how images appear on the platform.  

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Twitter tests edge-to-edge photos in timeline

The upcoming feature will expand visual media embedded in tweets to fill the whole width of a mobile phone's screen. The new layout is being tested on iOS but not on Android.

“The change is designed to make it easier for visual content to shine,” said twitter.

In the current test, tweets fill the full frame from left to right instead of being offset by a pretty large margin on the left.

The changes result in much larger images and videos that look better in the feed and a cleaner, more modern design that doesn’t unnecessarily squish tweets to the right of users’ profile pictures.

The test follows two previous image-focused changes— 4K image support and full-size images.

The 4K image support came in April and increased the resolution of images from 2048 x 2048 pixels to 3840 pixels on the long end.

While, full-size image support came in May and brought an end to cropped photos on timelines in iOS and Android.

The company, with the announcement that it is testing edge-to-edge photo support is increasing its chances of becoming an Instagram competitor.

The date for the rollout is not ascertain yet. However, users are already complaining about the change, despite the fact that it is still in its early stages.

This is because, there's no word, on when full-width tweets will arrive on some of the best Android phones.

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Pakistan

COVID-19: Pakistan reports 3,747 new cases, 61 deaths

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three waves.

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COVID-19: Pakistan reports 3,747 new cases, 61 deaths

According to National Command and Operations Center (NCOC), around 3,747 cases of coronavirus were reported while 61 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,175.

The total number of cases has reached 1,179,305.

As many as 1,060,881 patients have recovered from the disease with 5,606 critical cases.

Punjab                     

The number of patients swelled to 401,373 in the province with 12,039 causalities.

Sindh

The number of infections has surged to 437,311 in the province, while the death toll has reached 6,955.

Khyber Pakhtunkhwa

The confirmed cases have surged to 164,732 in the province with 5,087 casualties.

Balochistan

There are 32,374 confirmed cases while 340 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 32,718 coronavirus cases in the AJK while the death toll has reached 706. On the other hand, there are 10,039 cases in GB with 175 coronavirus deaths.

Islamabad

There are 100,758 cases in the capital city while 873 people have lost their lives.

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Pakistan

'COVID fourth wave': Pakistan reports 3,689 cases, 83 deaths

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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'COVID fourth wave': Pakistan reports 3,689 cases, 83 deaths

According to National Command and Operations Center (NCOC), around 3,689 cases of coronavirus were reported while 83 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,580.

The total number of cases has reached 1,197,887.

As many as 1,079,867 patients have recovered from the disease with 5,383 critical cases.

Punjab                

The number of patients swelled to 410,463 in the province with 12,171 causalities.

Sindh

The number of infections has surged to 442,401 in the province, while the death toll has reached 7,089.

Khyber Pakhtunkhwa

The confirmed cases have surged to 167,154 in the province with 5,200 casualties.

Balochistan

There are 32,517 confirmed cases while 342 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,131 coronavirus cases in the AJK while the death toll has reached 715. On the other hand, there are 10,127 cases in GB with 179 coronavirus deaths.

Islamabad

There are 102,094 cases in the capital city while 884 people have lost their lives.

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