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What could have caused crypto crash and what can be its effects?
May 14, 2022 02:01 PM AEST| By Ankit SethiHighlights Why cryptos crash is a complex question to answer. A slew of causes may be behind this A few experts believe that the crypto market lacks adequate liquidity, which leads to subdued demand It might be possible that regulators.....
Blackhole on your mind? These space stocks may interest you
May 14, 2022 12:01 AM EDT| By Kajal JainHighlights The Event Horizon Telescope revealed the very first image of a new black hole identified as Sagittarius A* in the Milky Way on May 12. If this newly discovered black hole is on your mind, space stocks like MDA, Maxar Technologies, Ma.....
TSX rebounds 2% but posts 7th straight weekly loss, tech & loonie gain
May 13, 2022 05:30 PM EDT| By Sundeep RadeshThe TSX Composite Index snapped its six-day losing streak that began May 5, after it rebounded 400.76 points, 2.03 per cent, back over 20,000 points, Friday, May 13. However, it was the seventh straight week in the red for the benchmark index after i...
US stocks edge higher on tech stock gains; HOOD, DUOL, OXY rally
May 13, 2022 02:29 PM PDT| By Rupam RoyWall Street's main indices rallied on Friday, May 13, ending the week on a positive note after investors shrugged off concerns about inflation and other negative market trends. The S&P 500 was up 2.39% to 4,023.89. The Dow Jones rose 1.47% to 32...
Are you an NFT lover? Know top 3 NFT marketplaces
May 14, 2022 06:00 AM AEST| By Jasmine AnandHighlights Nowadays, NFTs are the talk of the town OpenSea is the leading NFT marketplace, boasting a beginner-friendly platform Nifty Gateway host a diverse range of NFTs, especially those by celebrities and top artists These days non-fu.....
Why are Cronos (CRO) and Crypto.com in focus?
May 14, 2022 03:49 AM AEST| By Rupam RoyHighlights: The CRO token is the native crypto of the Cronos Chain. The CRO token is available for trading on exchanges like Bittrex, OKEx, etc. It saw the highest price of US$0.427 in the last 30 days. The Cronos (CRO) crypto gained trac.....
Why is THORChain (RUNE) crypto rising?
May 14, 2022 03:12 AM AEST| By Rupam RoyHighlights: THORChain, a decentralized liquidity protocol, allows users to exchange crypto assets across networks. The token is available for trading on exchanges like Binance, SushiSwap, etc. It saw the highest price of US$9.87 in the last 30.....
Why is Step App (FITFI) crypto up 200%?
May 14, 2022 02:46 AM AEST| By Versha JainHighlights Step App is a protocol that helps create a gamified metaverse for the fitness economy. Step App offers services such as staking, liquidity incentives, locks, and buybacks. FITFI is a governance token of Step App, while K.....
Political unrest in Sri Lanka amid rising economic turmoil
May 13, 2022 10:00 AM EDT| By Toshiva JainHighlights Several economists have said that the main problem behind Sri Lanka’s current situation is economic mismanagement. Hundreds have been injured in protests; few have even died including a ruling party MP. After Mahinda Rajapaksa...
World’s leading stablecoin Tether de-pegs and gets back on course
May 13, 2022 10:03 PM AEST| By Manu ShankarHighlights After the collapse of the algorithmic stablecoin TerraUSD, the world’s leading stablecoin Tether, briefly lost its peg on 12 May. Friday (13 May) brought some joy and relief to the stablecoin traders as Tether managed to climb .....
Lacework IPO or direct listing? All you must know
May 13, 2022 07:12 AM EDT| By Raza NaqviHighlights In the last funding round, Lacework had achieved a valuation of US$ 8.3 billion. Lacework was founded in 2015 and continues to remain private. Lacework has emerged as one of the leaders in the cloud computing industry, and it provid.....
British rapper KSI loses more than US$2.8 billion in Terra’s (Luna) crash
May 13, 2022 06:51 PM AEST| By Manu ShankarHighlights British YouTuber and rapper JJ Olatunji, also known as KSI, lost more than US$2.8 million in the current crash. On 13 May, Terra lost 100% of its value and was trading at US$0.00001959 with a trading volume of US$408,542,399 over a d.....
GMT crypto soars 70%: Does this move-to-earn token has any future?
May 13, 2022 05:32 PM AEST| By Raza NaqviHighlights Amid the rising crypto market, the STEPN (GMT) crypto was among the top gainers as its price was up by 70 per cent. The Green Metaverse Token (GMT) is the governance token of STEPN, a crypto-based lifestyle application. The GMT cryp.....
Terra Luna’s shock crash shines spotlight on cracks within crypto industry
May 13, 2022 04:16 PM AEST| By Daniel Paul JohnsHighlights Terra Luna token has nosedived from a high of US$118 in April to just six US cents, where it currently sits It’s been a horrendous week for the crypto market with the vast majority of digital currencies suffering heavy losses...
Will LUNA recover? Factors that could shape its recovery
May 13, 2022 04:03 PM AEST| By Ankit SethiHighlights LUNA crypto crash has come alongside a broader bearish phase, with many cryptos having lost value LUNA’s utility, which includes its association with UST stablecoin, could shape its recovery Reports suggest Luna Foundation Gua.....
What is Tesla Token and is it safe?
May 13, 2022 03:35 PM AEST| By Ankit SethiHighlights Bitcoin has regained at least some ground, but the wider cryptoverse is still under severe stress FTX offers tokenized stocks, and Tesla Token is said to be backed by Tesla stock trading on traditional stock exchange UST stablecoin .....
Crypto Catch: Terra Luna crash triggers selloff in crypto market, investors spooked
May 13, 2022 01:55 PM AEST| By Daniel Paul JohnsIt’s been a rough week for the crypto market with most tokens losing significant ground over the past seven days. The Terra Luna token fell from a high of US$118 in April to just six US cents, where it currently sits. Terra Luna’s col.....
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TSX in red for 6th straight day but tech & healthcare gain, loonie down
May 12, 2022 05:30 PM EDT| By Sundeep RadeshThe TSX Composite Index fell for the sixth day in a row as it lost 138.20 points, 0.7 per cent, to 19,699.05 Thursday, May 12. Tech, however, gained 1.8 per cent and healthcare was up 3.8 per cent. All the other sectors were in the red including e...
Dow, S&P close lower on mixed economic data; APP, GME, AMC rally
May 12, 2022 02:05 PM PDT| By Rupam RoyDow Jones and S&P 500 fell, but tech-savvy Nasdaq crawled back up to close the session mixed on Thursday, May 12, after a vital economic gauge showed that demand for manufactured goods slowed in April. The S&P 500 was down 0.13% to 3,930.08....
Global cryptocurrency regulatory body on the anvil, says top official
May 13, 2022 05:42 AM AEST| By Versha JainHighlights Online scams and hacking have increased as the cryptocurrency market grew. Officials are considering a global crypto regulatory body by next year to boost security. Last year, IMF issued guidelines for setting up a crypto mark.....
