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What is blockchain technology? Why is there an unbelievable hype?
June 18, 2021 01:11 PM AEST| By Furquan MoharkanAs the concept of cryptocurrencies continues to gain traction across the globe, so does the talk around the blockchain technology. For some, especially the not-so-tech-savvy lot, the blockchain technology and cryptocurrency were the same. However, i...
How destructive is energy-intensive crypto mining?
June 18, 2021 12:28 PM AEST| By Team Kalkine MediaSummary Cryptocurrency miners have swarmed the network, attracted by the skyrocketing prices of many cryptocurrencies. The Bitcoin mining process involves high energy consumption, causing a significant threat to the environment. The use .....
US markets close flat as stocks slip on inflation fears
June 18, 2021 08:24 AM AEST| By Team Kalkine MediaMajor US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserve signalled a rate hike by 2023 to curb prices. The S&P 500 was down 0.04% to 4,221.86. The Dow...
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Technology Sector Index Edged Higher by 0.60%; Gold Price Down 4%
June 18, 2021 04:00 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 20.71 points or 0.49 per cent lower at 4,202.99, Dow Jones Industrial Average Index dipped by 357.42 points or 1.05 per cent lower at...
JP Morgan Chase buys UK's Nutmeg for undisclosed amount
June 18, 2021 03:14 AM AEST| By AbhijeetNutmeg Savings and Investment Ltd, the London-based robo adviser, on Thursday, 17 June, announced that the New York-headquartered investment banking giant JP Morgan Chase & Co (NYSE: JPM) has bought the company for an undisclosed amount. With a...
Economy Set to Get a Big Boost with New Infrastructure Bank
June 17, 2021 08:44 PM AEST| By Kamalika GhoshSummary The UK treasury has launched a new infrastructure bank in the Leeds. The bank will fund various infrastructure projects across the UK through debt, equities and guarantees. The investment will be across multiple sectors such as transpo.....
Is pandemic the real reason behind the ‘Bitcoin Boom?’
June 17, 2021 08:17 PM AEST| By Kiara KhannaFor the past two years in my work-from-home stint, news around the Bitcoin has time and again caught my attention. When I look at the way the price of Bitcoin has moved over the last twelve months, I wonder — is the pandemic and the millions of...
Can Dogecoin make millennials rich? How much would it be worth by 2030?
June 17, 2021 07:23 PM AEST| By Team Kalkine MediaSummary Dogecoin was launched in 2014 as a joke designed to satirise other cryptos. Dogecoin’s value and its correlation to celebrity tweets has triggered scepticism among experts. Today, the price of Dogecoin is around US$0.31 cents - a.....
Lens On Earnings Of 2 Industrial Stocks: Severfield Plc and Castings Plc
June 17, 2021 07:00 PM AEST| By Suhita PoddarSummary Severfield Plc reported an 11% rise in revenue for FY21 and recommended dividend of 2.9p per share. Castings Plc reported a 17.3% drop in annual revenue and dividend of 11.69p per share. Several FTSE-listed companies are announcing.....
FTSE 100 Set to Open in the Red Tracking Asian Peers and Eyeing US Fed Decision
June 17, 2021 05:25 PM AEST| By Suhita PoddarSummary The FTSE 100 set to open lower on Thursday tracking Asian equities after the US Fed sped up its interest rate hike timeline. FTSE futures were trading down by 1.50 per cent on Thursday early morning. The market is awaiting cues from Ma.....
Is Cardano better than Bitcoin?
June 17, 2021 01:33 PM AEST| By AayushSummary Cardano can be termed as a third-generation cryptocurrency, offering enhanced functionality. Cardano can handle at least 257 transactions a second compared to Bitcoin’s 5 transactions a second. The supply of Cardano is capped at .....
APAC shares in red after Fed signals rate hikes in 2023
June 17, 2021 12:43 PM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in interest rates to 2023. The move by the Fed has cut short the record run of the benchmark Australi.....
US Federal Reserve shifts its rate hike timeline to 2023
June 17, 2021 11:38 AM AEST| By Furquan MoharkanSummary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye.....
How Does The Quantity Theory of Money Serve Digital Currencies?
June 17, 2021 11:21 AM AEST| By Jack Bryan ( Guest)Cryptocurrencies have gained huge momentum over the past few months, following Bitcoin’s explosive rally, which closed in at $64,000 in mid-April. However, amid the rise of this speculative asset class is a volatile market, which has been pushi...
What is SafeMoon crypto?
June 17, 2021 09:04 AM AEST| By Team Kalkine MediaSummary SafeMoon is a cryptocurrency and costs only a few cents. It's cheaper than any other cryptocurrencies. SafeMoon charges 10% of its value as a fee from the seller. It has teamed up with the UK-based financial company Simplex for payment.....
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US stocks dip on Fed's rate-hike plan for 2023
June 17, 2021 08:10 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow...
Federal Reserve Kept Interest Rate Unchanged; FTSE 100 up 0.17%
June 17, 2021 04:34 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 31.99 points or 0.75 per cent lower at 4,214.60, Dow Jones Industrial Average Index dipped by 314.18 points or 0.92 per cent lower at 33,985.1...
5,000% in 14 months! Can ethereum reach $50,000?
June 17, 2021 02:47 AM AEST| By AbhijeetSummary The euphoria around cryptocurrencies has grown invariably in last few years Ethereum hit a low of $86 during the global market crash during March 2020 On 12 May 2021, ethereum registered an all-time high of $4,372.72 per unit The .....
UK inflation soars to 2.1%, highest since July 2019
June 16, 2021 09:53 PM AEST| By Team Kalkine MediaSummary UK CPI-based inflation rate soared to 2.1% in May 2021 Sharp increase clearly portrayed the sudden spike in demand Clothing, meals and drinks, motor fuel contributed majorly to the upsurge The Consumer Prices Index (CPI) bas.....
What will Bitcoin be worth in 2025?
June 16, 2021 08:51 PM AEST| By Furquan MoharkanBack at the beginning of twentieth century, a gentleman named Joseph C Wilson started a company named Xerox Corporation in Rochester, New York, United States. The company gained expertise in manufacturing the photostat machines. Such was the impact o...
