‘Project Atom’: Is CBDC future of the Australian economy?

With an aim to improve Australia’s wholesale financial market transactions, the Reserve Bank of Australia (RBA) has found that a central bank-issued digital dollar could make such transactions more efficient. On Wednesday, the RBA annou...

Poll Shows Investors Going to Crypto; Altcoin Terra forays into top ten

Highlights Data sourced by CivicScience shows 23 percent of respondents said they or someone they know have sold stocks or bonds to then invest that money in digital currency Iceland has had to deal with an energy shortage, with Iceland’s...

Oil falls as China’s downgraded property sector adds fear to demand outlook

Highlights Crude oil price settled lower on Thursday. Rating agency Fitch downgraded property developers Kaisa and China Evergrande Group ratings. South Korea has recorded a huge number of coronavirus cases while cases remain elevated in Austr...

IMF's Gita Gopinath warns Omicron may cost global economy extra AU$7 trillion

The International Monetary Fund (IMF) has warned that the COVID-19 pandemic could turn out to be far more costly than estimated. The latest coronavirus variant Omicron could cost the global economy an additional US$5.3 trillion (AU$7.4 trillio...

What is holding back India’s central bank from launching its digital currency?

Major central banks across the globe are not in a hurry to roll out digital currencies. Just after the Reserve Bank of Australia (RBA) Governor Philip Lowe rejected any strong need for the same, the Reserve Bank of India (RBI) Governor Shaktikanta ...

Top cryptocurrencies that led conversations on Reddit in 2021

Highlights Cryptocurrency was among the most discussed topic on Reddit platform in 2021. The Reddit platform saw around 6.6 million crypto mentions this year. Dogecoin, Ethereum, and Shiba Inu were among the top 10 cryptos discussed. The ...

Polygon buys Mir Coin (MIR) for US$400 million – All you need to know

Highlights Polygon is acquiring Mir Coin for US$400 million. The deal includes 190 million MATIC tokens and US$100 million worth of USDC, a stable coin pegged to the US dollar. The agreement consists of a vesting period of three years. Th...

Novi wallet starts crypto payment service on WhatsApp - How it works?

Highlights Novi head Stephane Kasriel said that a limited number of people in the US can now send and receive money on WhatsApp using NOVI. Novi is a digital wallet of Meta Platforms, Inc. (FB). Novi’s 1 USDP, the stable coin Pax Dollar...

TSX down as energy & healthcare post losses, oil prices fall

On Thursday, December 9, the TSX Composite Index ended lower, losing 151.86 points, 0.72 per cent. Energy was down nearly two per cent and healthcare 3.6 per cent, indicating the market is still in choppy waters. The base metals sector was the only o...

Kickstarter builds blockchain-based crowdfunding platform. Here’s why

Crowdfunding platform Kickstarter (KSR) token traded up 0.31% to US$0.00000005 at 10:27 am ET on Thursday. Why is it up? On Dec 8, the company announced to build a new crowdfunding system based on blockchain technology in the first quarter of 202...