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Seven unbelievable facts about cryptocurrencies
June 18, 2021 02:43 PM AEST| By AshishSummary Crypto trading has taken everyone by storm in the past few years. With over five million users, cryptocurrencies are steadily getting well-accepted across the world. Nevertheless, cryptos still have a long way to go before they become .....
What is blockchain technology? Why is there an unbelievable hype?
June 18, 2021 01:11 PM AEST| By Furquan MoharkanAs the concept of cryptocurrencies continues to gain traction across the globe, so does the talk around the blockchain technology. For some, especially the not-so-tech-savvy lot, the blockchain technology and cryptocurrency were the same. However, i...
How destructive is energy-intensive crypto mining?
June 18, 2021 12:28 PM AEST| By Team Kalkine MediaSummary Cryptocurrency miners have swarmed the network, attracted by the skyrocketing prices of many cryptocurrencies. The Bitcoin mining process involves high energy consumption, causing a significant threat to the environment. The use .....
US markets close flat as stocks slip on inflation fears
June 18, 2021 08:24 AM AEST| By Team Kalkine MediaMajor US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserve signalled a rate hike by 2023 to curb prices. The S&P 500 was down 0.04% to 4,221.86. The Dow...
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TSX Composite reels under rising inflation heat, down 43bps
June 18, 2021 07:30 AM AEST| By AnujCanada’s Toronto Stock Exchange (TSX) witnessed the impact of a higher inflation rate on Thursday, June 17, leading to its benchmark S&P /TSX Composite Index plunging nearly 87 points or 0.43 per cent to 20,144 points. The S&P/TS...
Why is the Canadian dollar called loonie?
June 18, 2021 02:27 AM AEST| By Team Kalkine MediaCurrencies across the world are influenced by the respective countries' cultural backgrounds. Influences from across social, economic, linguistic, or even biological roots find their way into making a country's currency unique and closer to home. Fo...
Anaergia IPO: Here’s how you can buy this clean tech stock
June 18, 2021 02:22 AM AEST| By Team Kalkine MediaSummary Anaergia is engaged in operations to eliminate emissions of greenhouse gases. The Ontario-based company filed for an initial public offering (IPO) earlier in June, seeking gross proceeds of about C$ 200 million. Anaergia is likely to m.....
Upcoming ICOs: 6 new crypto coins you can buy in 2021
June 18, 2021 01:01 AM AEST| By AnujThe second wave of cryptocurrencies has been getting extraordinary traction from the global financial system. And as this market grows, there are new crypto coins coming to the forefront every day. In 2021, the blockchain-powered market witnessed th...
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Canada's CPI hike in May was the steepest in a decade
June 18, 2021 12:51 AM AEST| By Team Kalkine MediaConsumer Price Index (CPI) is up 3.6 per cent in May on an annual basis, according to Statistics Canada. The data agency has highlighted the impact of base-year on CPI. The pandemic struck last year and led to a grinding halt in economic activity. G...
Is pandemic the real reason behind the ‘Bitcoin Boom?’
June 17, 2021 08:17 PM AEST| By Kiara KhannaFor the past two years in my work-from-home stint, news around the Bitcoin has time and again caught my attention. When I look at the way the price of Bitcoin has moved over the last twelve months, I wonder — is the pandemic and the millions of...
Can Dogecoin make millennials rich? How much would it be worth by 2030?
June 17, 2021 07:23 PM AEST| By Team Kalkine MediaSummary Dogecoin was launched in 2014 as a joke designed to satirise other cryptos. Dogecoin’s value and its correlation to celebrity tweets has triggered scepticism among experts. Today, the price of Dogecoin is around US$0.31 cents - a.....
Is Cardano better than Bitcoin?
June 17, 2021 01:33 PM AEST| By AayushSummary Cardano can be termed as a third-generation cryptocurrency, offering enhanced functionality. Cardano can handle at least 257 transactions a second compared to Bitcoin’s 5 transactions a second. The supply of Cardano is capped at .....
APAC shares in red after Fed signals rate hikes in 2023
June 17, 2021 12:43 PM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in interest rates to 2023. The move by the Fed has cut short the record run of the benchmark Australi.....
US Federal Reserve shifts its rate hike timeline to 2023
June 17, 2021 11:38 AM AEST| By Furquan MoharkanSummary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye.....
How Does The Quantity Theory of Money Serve Digital Currencies?
June 17, 2021 11:21 AM AEST| By Jack Bryan ( Guest)Cryptocurrencies have gained huge momentum over the past few months, following Bitcoin’s explosive rally, which closed in at $64,000 in mid-April. However, amid the rise of this speculative asset class is a volatile market, which has been pushi...
What is SafeMoon crypto?
June 17, 2021 09:04 AM AEST| By Team Kalkine MediaSummary SafeMoon is a cryptocurrency and costs only a few cents. It's cheaper than any other cryptocurrencies. SafeMoon charges 10% of its value as a fee from the seller. It has teamed up with the UK-based financial company Simplex for payment.....
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US stocks dip on Fed's rate-hike plan for 2023
June 17, 2021 08:10 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow...
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TSX closes flat after winning streak, US markets sink on Feds outlook
June 17, 2021 07:30 AM AEST| By Team Kalkine MediaTSX closes flat after winning streak, US markets sink on Feds outlook Despite testing a new high on Wednesday, June 16, the S&P/TSX Composite index ended the day trading flat as weakened energy and metals sectors offset early gains. The...
Dutch Bros Coffee IPO: How to invest in this stock?
June 17, 2021 02:50 AM AEST| By Raza NaqviOregon-based Dutch Bros Coffee has submitted its documents with the US Securities and Exchange Commission (SEC) for a confidential initial public offering (IPO), the firm said on Tuesday, June 15. Dutch Bros Coffee is yet to reveal how many shares.....
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What is the difference between TSX and TSE?
June 17, 2021 12:51 AM AEST| By Team Kalkine MediaThe Toronto Stock Exchange is the largest securities trading platform in Canada, and the third largest in North America. Investors swear by the indices listed on this exchange, primarily the S&P/TSX Composite Index, which is the country’s.....
