News
TSX ends in red as investors fear rumoured interest rate hikes
January 13, 2022 05:30 PM AEDT| By Raza NaqviThe Canadian stock markets had a rough day on Thursday, January 13, as the Information Technology, Materials and Healthcare sectors faced losses. The main index- S&P/TSX Composite Index ended the day after losing 0.24 per cent. One-year price...
What awaits the cryptocurrency market this year?
January 13, 2022 04:54 PM AEDT| By Akanksha VashishtHighlights Authorities are just starting to analyse the risks attached to the crypto assets. The perception regarding crypto assets has greatly changed in the past year, giving solid grounds to even altcoins. A major risk facing cryptocurrenci.....
Iran plans to allow cryptocurrencies for international trade
January 13, 2022 09:53 AM AEDT| By AshishHighlights Iran is planning to build a groundwork for the use of cryptocurrencies for international trade. The Central Bank of Iran (CBI) has reached an agreement with the Ministry of Trade to link its payment platform to such a trade system. .....
US stocks edge higher after inflation data
January 13, 2022 09:05 AM AEDT| By Rupam RoyBenchmark US indices closed higher on Wednesday, January 12, despite the consumer prices data showing that inflation is at its highest level in nearly four decades. However, the gains in the technology stocks helped the market to maintain a steady mo...
IMF- emerging economies must prepare for Fed policy tightening
January 13, 2022 07:02 AM AEDT| By Toshiva JainHighlights What happened in 2021 lays a ground for how the market would react amid a pandemic. According to the IMF, the coming months look challenging for emerging economies, keeping in mind factors like elevated inflation and high publi.....
Why is EPIK Prime crypto rallying? NFT token jumps 21%
January 13, 2022 12:32 AM AEDT| By Versha JainHighlights Epik is an NFT licensing technology company with more than 300 video gaming clients. It is co-hosting the first Asia Metaverse New Era Summit on January 12, 2022. The EPIK token grew 20.87% at 5:30 am ET, Wed...
What do we know about Instacart IPO date?
January 13, 2022 12:20 AM AEDT| By Raza NaqviIn November 2021, it was reported that Instacart was delaying its public debut plans, an event that kept potential investors hooked for almost an entire year. Now, as we have entered 2022, once again, stock market enthusiasts have started looking .....
What is Crypto Skulls NFT? Does it make a good investment?
January 12, 2022 08:39 PM AEDT| By Ankit SethiHighlights Like CryptoPunks, which is a project by Larva Labs, Crypto Skulls are selling as NFTs NFTs have their own dedicated exchange platforms, including OpenSea, which is a multi-billion-dollar project Crypto Skulls will also have its own .....
Citadel IPO: Here's what we know so far
January 12, 2022 08:12 PM AEDT| By Raza NaqviAmerican hedge fund billionaire, entrepreneur, and investor Ken Griffin sold a US$ 1.2 billion stake in Citadel Securities LLC on Tuesday, January 11. The stake was sold to venture capitalist firms Paradigm and Sequoia in a deal that could value C.....
World Bank slashes China’s growth figures
January 12, 2022 07:13 PM AEDT| By Priyanka PayalCoronavirus pandemic has played havoc on world economies. As the new year began, people globally were optimistic and had high hopes that their lives would be restored to normal, and their Country’s economy would come on track. However, it doe.....
What is EMAX crypto & what is the controversy around it?
January 12, 2022 06:44 PM AEDT| By Raza NaqviHighlights: A lawsuit was filed against promoters of the EMAX crypto on January 7 in the Los Angeles federal court. According to the project's website, the EMAX crypto is an ERC-20 token built on the Ethereum blockchain. EMAX crypto was launch.....
TSX up on base metals & energy as oil prices climb higher, loonie gains
January 12, 2022 05:30 PM AEDT| By Sundeep RadeshThe TSX Composite Index climbed higher Wednesday, January 12. Base metals gained 3.4 per cent and energy 1.5 per cent to take the index 120.19 points higher. The 0.56 per cent growth landed the index at 21,395.00 points. A notable mention, First Quan...
Which are upcoming ICOs to watch out for in 2022?
January 12, 2022 04:49 PM AEDT| By Jasmine AnandHighlights With the astronomical rise of hype around cryptocurrencies, investors are getting attracted towards ICOs, also known as Initial Coin Offerings. These are offered by those companies which aim to launch a new digital token in the crypt.....
Crypto Catch: Crypto Analysts Debate the Future of Bitcoin
January 12, 2022 02:47 PM AEDT| By Daniel Paul JohnsHighlights Bitcoin has recovered 2.5 percent in the past 24 hours to a touch below US$43,000 Analyst’s opinions are divided over whether this week’s drop to below US$40,000 will, in fact, be the bottom The last time a death cross p.....
TSX sees biggest 2022 gain yet with energy up, oil & loonie rebound
January 12, 2022 09:30 AM AEDT| By Sundeep RadeshIt was perhaps only a matter of time, but the TSX Composite Index finally rebounded and gained almost one per cent to take it over the mark it began 2022 on. Most of the major sectors saw significant gains Tuesday, January 11. Energy was up 3.3 per...
US stocks bounced back on Tuesday, led by technology stocks
January 12, 2022 08:28 AM AEDT| By Versha JainBenchmark US indices rebounded on Tuesday, January 11, after the Federal Reserve chairman Jerome Powell said to take aggressive measures to keep the inflation in check during his confirmation hearing today. The S&P 500 rose 0.92% to 4,713.07. Th...
What is Stellar crypto? XLM token’s 24-hour trading volume spikes 83%
January 12, 2022 01:44 AM AEDT| By Rupam RoyThe Stellar (XLM) crypto caught investors' eyes January 11, despite a decline of over 3% Tuesday morning. However, at the time of writing, its volume for the last 24 hours was up over 83%. What is Stellar (XLM)? In simple words, Stellar is an ope.....
Pine Labs IPO: 7 things every investor must know
January 11, 2022 10:57 PM AEDT| By Raza NaqviIndia-based Pine Labs has filed for a confidential initial public offering (IPO) in the United States. It will reportedly begin preparing for submitting documents to the regulatory authorities. According to published reports, Pine Labs could raise.....
Why RBA’s digital currency could be a threat to the financial system?
January 11, 2022 09:14 PM AEDT| By Akanksha VashishtAt a time when the Reserve Bank of Australia is contemplating its digital currency, regulators seem to be on the fence regarding the overall benefit of this currency. The risks connected to the digital currency space have made the potential decisio.....
Four Springs Capital Trust IPO: How much will this REIT stock cost you?
January 11, 2022 09:12 PM AEDT| By Raza NaqviNew-Jersey based Four Springs Capital Trust has set terms for its initial public offering (IPO) and announced it on Monday, January 10. Four Springs is a real estate investment trust (REIT), and it is looking to go public in the US equities market.....