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News
The Gods Smile on Olympus: The Mysterious Crypto Making Strides
October 06, 2021 08:39 PM AEDT| By Daniel Paul JohnsHighlights The Olympus platform (OHM) has seen a growth of more than 150% during the month of September Olympus is an algorithmic stablecoin – an algorithmic currency protocol, which eventually aims to become a stable crypto-native curren.....
RBNZ hikes OCR by 0.50%, thereby decreasing monetary stimulus
October 06, 2021 08:15 PM AEDT| By Jasmine AnandHighlights New Zealand’s Central Bank has of late declared raising the OCR by 0.25 bps. The decision was taken to decrease the monetary stimulus pumped into the economy, as the NZ economy is on track to recovery. Many economists were exp.....
Crude futures hit three-year high; what’s driving the rally?
October 06, 2021 06:48 PM AEDT| By Furquan MoharkanThe prices of crude oil in the international markets have surged by a whopping 27% in the past one and a half months as the world continues to face the energy crunch. The December 2021 Futures of benchmark crude were trading at US$83 a barrel, up .....
What is a DApp platform? Is it secure to use?
October 06, 2021 05:46 PM AEDT| By Jasmine AnandHighlights Decentralised applications, popularly known as DApps, are innovative open-source, P2P network, allowing developers to create online tools, which are of the interest to businesses. These new-age software ecosystems are both secu.....
OMG! This crypto is dropping!
October 06, 2021 04:01 PM AEDT| By Daniel Paul JohnsHighlights OMG, has experienced more than a 10% drop in the past 24 hours The OMG network is a layer two scaling solution for the Ethereum blockchain and to address the issues pertaining to its scalability performance The drop experienced by O.....
World View to charge US$68,585 for Epic Balloon Rides to the space.
October 06, 2021 03:58 PM AEDT| By SamtaHighlights World View Enterprises is developing a balloon-based system to carry people to the stratosphere. Passengers will float above the stratosphere on Spaceship Neptune. company is planning to charge US$68,585 per person and is currently.....
Can Bitcoin emerge stronger post China ban?
October 06, 2021 01:38 PM AEDT| By AayushHighlights China had been taking multiple steps since 2013 to curb the entire ecosystem of cryptos. In September 2021, People’s Bank of China had clearly prohibited cryptocurrency transactions or mining. Mammoth institutions flooding mor.....
US stocks edge higher as big tech firms reap gains
October 06, 2021 08:54 AM AEDT| By Sanjeeb BaruahBenchmark US indices bounced back strong to close higher on Tuesday, October 5, boosted by robust gains in the technology sector. Economy-linked stocks also saw significant gains. The S&P 500 was up 1.05% to 4,345.72. The Dow Jones rose 0.92% to...
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Will Moonriver recover from lows in near future?
October 06, 2021 12:51 AM AEDT| By Manu ShankarHighlights Launched on 31 August, Moonriver crypto acts as a bridge between Ethereum protocol and a Web3 compatible API. The Kasuma parachain, Moonriver just recently had surpassed 2 million transactions on 16 September. While t.....
Bitcoin hits $50,000 for the second time in two months
October 05, 2021 10:42 PM AEDT| By Manu ShankarHighlights Bitcoin was trading at US $50,222.44 on Tuesday according to CoinMarketCap The leading cryptocurrency was up by 5.47% in in the last 24 hours and 20.02% in the seven-day period. The latest price surge has pushed Bitcoin&rsq...
Will Facebook’s Diem be a great opportunity for investors?
October 05, 2021 10:12 PM AEDT| By Manu ShankarFacebook has been in thick of things of late. The recent outage of its social media applications on Monday evening didn’t go very well with its plan to launch its ambitious Diem cryptocurrency project. While Facebook termed it a configuration.....
Adventure Gold (AGLD) rises on Binance listing: Know price prediction
October 05, 2021 09:34 PM AEDT| By Ankit SethiHighlights Adventure Gold (AGLD) is the governance token to be used on Loot project, a community based NFT gaming platform Binance has announced inclusion of AGLD in the Innovation Zone that has many new tokens New and innovative tokens can ex.....
Top cryptocurrencies with limited coin supply
October 05, 2021 09:11 PM AEDT| By Ankit SethiThe cryptocurrency world is not homogeneous group. If Bitcoin is a contender to replace fiat currencies like the US dollar, Cardano (ADA) is a peer reviewed platform for decentralized apps. Low supply cryptos have their own attraction. Once the li.....
Binance Trading Volume On The Rise Despite Crackdown
October 05, 2021 08:19 PM AEDT| By Manu ShankarHighlights A CryptoComapree report shows that the spot trading volume on Binance stood at US $789 billion in September. Binance’ spot trading volume in July was US $454 billion. Binance’s derivatives volumes jumped almost 25% to US.....
Evergrande contagion spreads: Another Chinese developer defaults
October 05, 2021 08:08 PM AEDT| By Furquan MoharkanHighlights The China Evergrande fiasco seems to be spreading. Chinese developers Fantasia Holdings and Sinic Holdings are in soup over their strained cash flow situations. Fantasia has total liabilities of CNY82.9 billion. The stress eman.....
New Solana Crypto FIDA Making Big Gains
October 05, 2021 05:58 PM AEDT| By Daniel Paul JohnsA new cryptocurrency built on the Solana network has made great gains in the past seven days, growing over 26%. The price of FIDA, which is the native token of the Bonfida network, has rallied recently along with many other digital currencies, exp.....
Why Musk’s tweet about his dog did wonders for Shiba Inu
October 05, 2021 02:58 PM AEDT| By Jasmine AnandHighlights Elon Musk can't let go his temptation of tweeting about cryptocurrencies, especially meme-themed crypto coins. Recently, he posted a picture of his pet Shiba Inu, Floki, which led to the price rise of the coin. Many opine that it in.....
What is the progress on Southland green hydrogen plant?
October 05, 2021 01:47 PM AEDT| By Neha SimpyHighlights The proposal to create a green hydrogen plant in Southland has been receiving solid interest from both local and global businesses. Recently, Commerce Commission gave its nod to Mercury NZ to acquire the retail business of Trustpower.....
Facebook restores services after nearly six-hours of outage
October 05, 2021 01:22 PM AEDT| By Furquan MoharkanHighlights All three social media services owned by the company– Facebook, Instagram and WhatsApp were functional only after a global outage of almost six hours. Outage detector Downdetector said that it was the largest failure with arou.....
Iron ore futures dip amid intense emission curbs in China
October 05, 2021 01:15 PM AEDT| By Arpit VermaHighlights The prices of iron ore plummeted to record low levels on the back of an ongoing power crunch in China. More than four-fifths of the country's steel mills have suspended their operations in September for maintenance. Australia believ.....
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