News
Why is Raiden Network Token (RDN) rallying today?
June 15, 2022 11:02 PM AEST| By Manu ShankarPowered by the Ethereum blockchain, Raiden Network Token (RDN) crypto is an off-chain scaling solution, which enables quick and cheap payments. The primary goal of the RDN crypto is to develop a state-of-the-art research state channel technology pl.....
Why is UMA (UMA) crypto grabbing market attention?
June 15, 2022 07:07 PM AEST| By Manu ShankarAt a time when the majority of the crypto market is in a bearish phase, it is hard to imagine any crypto witnessing a handsome rally. On one hand, leading cryptos, such as Bitcoin and Ethereum tumbled to their 18-months lows, on the other hand, UMA.....
3AC crypto hedge fund insolvent? Do crypto investors need to worry?
June 15, 2022 06:52 PM AEST| By Raza NaqviAs the cryptocurrency market continues to crash, some reports of a crypto-focused hedge fund going bankrupt have sent shock waves among crypto enthusiasts. On Tuesday, it was reported that Singapore-based Three Arrows Capital (3AC) could have becom.....
Why sending parcels may cost Aussies more?
June 15, 2022 04:31 AM EDT| By Akanksha VashishtHighlights Postal service providers, including Australia Post, have announced massive bumps to their surcharge fees. High fuel and transportation costs emanating from Russia-Ukraine war have made things tougher for postal service providers. Th.....
What’s on the cards for cryptocurrencies? End of the road or new start?
June 15, 2022 03:51 PM AEST| By Ankit SethiThe crypto market is reeling from multiple jolts. The total market cap has dropped below US$1 trillion, which suggests the bloodbath has gripped virtually all cryptoassets. This sordid state of affairs has prompted many crypto enthusiasts to wonde.....
Crypto Catch: Two crypto exchanges layoff a fifth of their staff
June 15, 2022 01:24 PM AEST| By Daniel Paul JohnsHighlights Employees of leading crypto exchange, Coinbase, will learn their fate later today in an e-mail, according to chief executive, Brian Armstrong Meanwhile BlockFi, which is a smaller company than Coinbase, announced on Monday, a twenty .....
Fantom (FTM) crypto: Things you need to know before buying it
June 15, 2022 01:17 PM AEST| By Jasmine AnandThe global cryptocurrency market continued to be in the red zone as bearish market sentiments remained in the picture. Today, at the time of writing, the global crypto market cap fell to US$976 billion, a 4.3% rise over the past 24 hours. Major cr.....
Rari Governance Token price up 100%: Why is RGT crypto gaining?
June 15, 2022 11:38 AM AEST| By Ankit SethiHighlights Bitcoin is now under US$22,000, after having lost more than 3% over the past one day Rari Governance Token, however, has defied the wider bearish phase and is up almost 100% The RGT token allows the users of Rari Capital to decide o.....
Wall Street ends mixed, Nasdaq recovers after rate jolt; FDX, ORCL rise
June 14, 2022 01:55 PM PDT| By Rupam RoyWall Street’s main indices closed mixed on Tuesday, June 14, after Nasdaq recovered from an initial slide as the central bank officials assembled to discuss a new rate plan at their monthly policy conclave. The S&P 500 fell 0.38% to 3,735....
Why metaverse crypto Genesis Worlds (GENESIS) surged 39% today?
June 15, 2022 05:29 AM AEST| By Versha JainHighlights: Genesis Worlds (GENESIS) is a multi-creator gaming universe. GENESIS is an ERC-20 standard token. In a strategic move, the project owners had recently announced a hiatus. Metaverse crypto Genesis Worlds (GENESIS) w.....
What is Kusama (KSM) crypto? All you need to know
June 15, 2022 03:25 AM AEST| By Rupam RoyHighlights: Kusama is a blockchain project offering developers interoperable and scalable services. The KSM token trades on exchanges like Binance, OKEx, etc. The token’s highest price in the last 30 days was US$88.91. The Kusama (K.....
Why is Gala (GALA) crypto gaining attention?
June 15, 2022 02:28 AM AEST| By Rupam RoyHighlights: Gala Games aims to provide players with the controls to in-game assets and other functions. The GALA token can be traded on exchanges like Sushiswap, Gate.io, etc. It returned over 517% gains in the past 12 months. Despite a s.....
CGX & AC: 2 TSX stocks that deserve attention of value investors
June 14, 2022 11:32 AM EDT| By Raza NaqviHighlights TSX is under correction and on Monday, the composite index had dipped by around 0.2%. The CGX stock was trading at C$ 11.07 per share at the time of writing. Air Canada has been recovering from the pandemic losses as evidenced by th.....
Can Bitcoin rise like a phoenix after Black Monday?
June 15, 2022 12:10 AM AEST| By Manu ShankarBitcoin has had a torrid run of late. The Black Monday, as now many experts are calling it, has seen Bitcoin’s value suddenly tumble down to US$22,141.26 with a trading volume of US$68,204,556,440 on 13 June. On Tuesday, the leading crypto slid...
Chain (XCN) crypto plummets 50%; can it rise again?
June 14, 2022 11:33 PM AEST| By Versha JainHighlights: Chain (XCN) is a cloud blockchain infrastructure. Its infrastructure enables organizations to create better financial services. It offers an open-source blockchain and a ledger-as-a-service product. While the global cryp.....
What is Raiden Network Token and why RDN crypto rose 200%?
June 14, 2022 11:22 PM AEST| By Raza NaqviHighlights The global crypto market cap was US$ 927.4 billion at the time of writing. The RDN crypto was up by 203 per cent to US$ 0.09622 per token. The Raiden Network is compatible with ERC-20 tokens. As the crypto market continues to t.....
5 TSX defensive stocks to buy if you believe recession is coming
June 14, 2022 07:27 AM EDT| By Raza NaqviHighlights Central banks in developed countries have aggressively increased interest rates. Due to rising inflation and interest rates people are bracing for a recession. The market volatility is increasing and TSX has entered correction. .....
Commodity wrap-up: Gold shines on economic growth worries
June 14, 2022 04:47 AM EDT| By Arpit VermaHighlights Prices of both crude oil benchmarks have remained nearly stable in the last week. Gold logged substantial weekly gains of 1.22% on inflationary bets and economic growth worries. Prices of copper, aluminium, and iron ore have tumbled.....
Investors could lose all their money, warns Bank of England Governor
June 14, 2022 06:46 PM AEST| By Manu ShankarHighlights BoE Governor Andrew Bailey has warned that investors could lose all their money by investing in unbacked assets. Bailey warned investors that illicit players can take advantage of such situations. On Tuesday, the crypto market slump.....
Is the end of crypto market here or can it rise again in 2022?
June 14, 2022 05:47 PM AEST| By Raza NaqviThe first half of 2022 has been awful for crypto, but few days have been as bad for the business that has grown up around digital currencies. Trading platforms froze withdrawals on Monday, companies laid-off workers, and skeptical investors sold t.....