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Iron ore rebounds after dipping below US$100 per tonne
November 04, 2021 04:10 PM AEDT| By Arpit VermaHighlights Iron ore prices recovered after tumbling below US$100 per tonne. The prices of metal reached multi-year high levels in May 2021. China is strictly trying to limit its carbon emissions, as a part of the country's long-term goal to at.....
US stocks close higher after Fed's taper remarks
November 04, 2021 09:01 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, November 3, after the Fed said it would start tapering its covid-era asset-buying program this month. The S&P 500 was up 0.65% to 4,660.57. The Dow Jones rose 0.29% to 36,157.58. The NASDAQ Compos...
TSX gains as commodities plummet, loonie up as Fed slows stimulus
November 04, 2021 03:04 AM AEDT| By Sundeep RadeshThe TSX Composite Index rallied 95.09 points to 21,265.10 Wednesday, November 3, under 20 points away from its all-time high. However, there is every indication it can breach that mark in November, known to be a good month from a trading point of vie...
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How global banks can help in controlling greenhouse gas emissions
November 04, 2021 01:22 AM AEDT| By Rishika RainaAmid the ongoing COP26 UN Climate Change Conference being hosted by the UK , hundreds of the biggest banks and pension funds across the globe have come together to mitigate the greenhouse gas emissions with financial assets worth US .....
Top NFT projects to watch as we enter 2022
November 04, 2021 12:18 AM AEDT| By Ankit SethiIt seems no force can halt the non-fungible (NFT) bandwagon. Calendar 2021 has been a phenomenal year for these blockchain-powered collectibles. In March, the ‘Everydays: the First 5000 Days’ artwork by artist Beeple sold for multi-mil.....
Atari Token's volume soars over 300%. Where can you buy ATRI crypto?
November 03, 2021 11:26 PM AEDT| By Raza NaqviHighlights Atari Token is based on the Ethereum blockchain. Atari Token was developed and created by Atari Chain Ltd., a subsidiary of the video game firm Atari Interactive. In October 2020, the ATRI token became available to the public and be.....
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95% mortgage: All you need to know
November 03, 2021 11:09 PM AEDT| By Priya BhandariHighlights A 95% mortgage refers to Loan-to-value (LTV) of owning a house, 95% of the house price will be covered by a mortgage, while 5% of the mortgage to be stumped up as a deposit. The government’s Mortgage Guarantee Scheme help.....
Goodbye, Facebook's facial ID system!
November 03, 2021 11:01 PM AEDT| By Aditi SahaHighlights Facebook’s first strategic action on rebranding to Meta is to remove its 10-year-old facial recognition system. Facebook's controversial face recognition feature has been turned off, so the social media platform will no l.....
What does Australia's Retirement Income Covenant have in store for retirees
November 03, 2021 09:11 PM AEDT| By Akanksha VashishtBig changes lie ahead for the Australian Superannuation fund holders as Australia’s Retirement Income Covenant is set to be effective from July 1st, 2022. Superannuation, or “Super”, as the Aussies call it, is one of the most impo.....
CBA does 180 to offer crypto services via app
November 03, 2021 08:01 PM AEDT| By Daniel Paul JohnsHighlights Users of the CommBank app will soon be able to buy and sell cryptos, with the initial rollout beginning in the coming weeks with the CBA adding more features in 2022 In September, CBA was criticised for refusing to do business with c.....
Acorns to go public via an IPO or SPAC merger?
November 03, 2021 07:42 PM AEDT| By Raza NaqviThe American financial technology (fintech) company Acorns Grow Inc. is trending in North America after potential investors searched about the company's public debut plans. Although there was no significant announcement from the company, interested.....
Tether: Is it one of the low-cost and less volatile cryptocurrencies?
November 03, 2021 05:05 PM AEDT| By Jasmine AnandBroadly speaking, fiat currencies are nothing but dollars, yen, etc., which are issued by the government. When talking about stablecoins, these are the electronic version of fiat currencies in the blockchain world. In this article, we discuss Teth.....
Race for dominance: 10 Bitcoin and Ethereum killers
November 03, 2021 04:49 PM AEDT| By Daniel Paul JohnsHighlights As other digital currencies and their accompanying blockchains emerge, is it conceivable that one day, BTC and ETH could be toppled by something else. While Solana aims to facilitate decentralised app (DApp) creation, it also aims to.....
Facebook is banking heavily on metaverse; what are others up to?
November 03, 2021 04:47 PM AEDT| By AshishHighlights Facebook’s latest move of changing its corporate name to Meta has sent shockwaves through the global tech sector. Metaverse refers to a shared virtual environment and is expected to be a successor to the mobile internet. Besid.....
Cryptos in action
November 03, 2021 03:59 PM AEDT| By Daniel Paul JohnsHighlights A panel of 10 jurors selected Monday will have three weeks to hear the evidence and decide the fate of “Satoshi’s bitcoins.” Shares of crypto miners started November on a bullish tone, tracking gains in the price of.....
Wall Street closes at record high as earnings lift mood
November 03, 2021 09:15 AM AEDT| By Sanjeeb BaruahBenchmark US indices continued their rally on Tuesday, November 2, bolstered by gains across stock segments as strong quarterly earnings of companies lifted the market sentiments. The S&P 500 was up 0.37% to 4,630.65. The Dow Jones rose 0.39% to...
Black Rifle Coffee SPAC: How to buy the veteran-focused firm's stock?
November 03, 2021 02:20 AM AEDT| By Raza NaqviUtah-based Black Rifle Coffee Company (BRCC) announced on Tuesday, November 2, that it will go public through a merger with a SPAC. The deal is expected to value the combined entity at US$ 1.7 billion. Black Rifle Coffee will merge with SilverBox .....
What does ‘fungible’ in NFTs mean?
November 02, 2021 11:50 PM AEDT| By Ankit SethiHighlights CryptoPunks are NFTs, but Leonardo da Vinci's Mona Lisa is just non-fungible All cryptocurrencies are fungible, which means they are a part of some homogeneous group Facebook’s metaverse may give a boost to blockchain ga.....
Shiba Inu & DOGE's rival CateCoin set to explode? Know price prediction
November 02, 2021 09:49 PM AEDT| By Raza NaqviOne of the cryptocurrencies gaining investors' attention over the past few weeks is CateCoin (CATE). The cryptocurrency soared 54 per cent in the last 24 hours. Dubbed as a rival to Shiba Inu and Dogecoin, the CATE token is a cat-themed dece.....
FB’s metaverse can be a blessing for these 5 blockchain games
November 02, 2021 09:15 PM AEDT| By Ankit SethiHighlights Facebook’s rebranding move has thrust the virtual reality world of metaverse into the spotlight, but it is not the first company to enter the space Many existing cryptocurrency projects have their own metaverse where users can .....
