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Can Volcanos Be Bitcoin’s Green Savior?
June 14, 2021 06:08 PM AEST| By Ipsita SarkarPower-hungry cryptocurrencies’ growing energy problem has led to many ardent proponents backing out. Investors who had warmed up to Bitcoin, one of the most promising digital currencies rewriting investment or payment methods, are now waverin.....
Are meme stocks talk of the town?
June 14, 2021 01:17 PM AEST| By SonalMeme stocks are equities that have recently experienced a boom in viral activity, which is typically fueled by online social media sites like Reddit and Twitter. Retail investors in social media discussion groups have come together to look for equi.....
Why Inflation right now could add fuel to income inequality
June 14, 2021 12:23 AM AEST| By Furquan MoharkanAs countries across the globe – from China to the US – have been reporting record inflation numbers, it could be having greater consequences than we can think about. There are four types of inflation that exist: creeping inflation (when...
Another Milestone: Popular ‘Doge’ Meme NFT Sells For Record $4 Million
June 13, 2021 04:32 PM AEST| By Raza NaqviThe 'Doge', one of the most renowned memes featuring an image of a Shiba Inu dog with a smirk, was sold as the most expensive non-fungible token (NFT) at US$ 4 million on Saturday, June 12. According to reports, the NFT was sold at an auction site c...
G7 Nations Take Aim At China’s Belt & Road With B3W Project
June 13, 2021 04:18 PM AEST| By Raza NaqviSummary The Group of Seven countries have come up with a 'Build Back Better World' (B3W) project to counter China's Belt and Road Initiative (BRI). The BRI was launched in 2013 by President Xi Jinping to increase China's influence and make it e.....
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US Lawmakers Introduce 5 Bills To Undercut Big Tech Giants' Monopoly
June 13, 2021 03:57 PM AEST| By Raza NaqviSummary The bills come after a 16-month long investigation into the economic dominance of big tech companies. The five bills now need passage from the House of Representatives, the Senate and US President Joe Biden. Big tech companies have oft.....
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Do G7 nations favour investment in fossil fuels over green energy?
June 13, 2021 12:42 AM AEST| By Team Kalkine MediaSummary The 47th G7 summit is scheduled for 11–13 June 2021 in the United Kingdom. Ahead of the anticipated event, Tearfund, the International Institute for Sustainable Development, and the Overseas Development Institute published a repor.....
Can cow manure fuel crypto mining?
June 13, 2021 12:36 AM AEST| By Mohammad ZaidSummary Many environmentalists and researchers have raised concerns over the environmental impact of cryptocurrency mining. Several businesses are opting for renewable sources for powering cryptocurrency mining as it consumes a significant quan.....
Climate Investments Must Triple By 2030 To Save Nature: UN
June 13, 2021 12:26 AM AEST| By Team Kalkine MediaSummary Currently, 86 percent of fund come from the governments, financial institutions, or climate protection groups, and the rest, 14 percent, are infused by the private sector. In 2018, private sector contribution was US$18 billion, mobilize.....
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Is cloud computing the future of all businesses?
June 13, 2021 12:26 AM AEST| By Team Kalkine MediaSummary With the onset of an ongoing pandemic, every business is looking towards cloud technologies for survival and growth. Cloud service is getting deployed fast across several markets and geographies. Major cloud service providers are alrea.....
Burger Chain McDonald’s Becomes Latest Victim Of Cyberattack
June 12, 2021 01:19 PM AEST| By Team Kalkine MediaSummary Cyber criminals hack into McDonald’s employee and customer data in South Korea and Taiwan. Meat company JBS and energy firm Colonial Pipeline also have been the target of cyberattacks. JBS and Colonial Pipeline were forced to pay.....
Virginia Joins Global Fight Against Plastic Pollution
June 12, 2021 10:34 AM AEST| By Team Kalkine MediaSummary As per the law, anyone above the age of 16 who intentionally litter plastic outdoors will be fined US$25. It also prohibits the release of 50 gas balloons or more in the air within an hour. The goal is also to reduce single-use plastics.....
US Markets Close Higher Ahead of Fed Meet Next Week
June 12, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week higher on Friday, June 11, ahead of a crucial meeting of the Federal Reserve that may deliberate on the recent spike in inflation and other developments. The S&P 500 was up 0.19% to 4,247.44. The Dow Jones ro...
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TSX claims another record high on back of energy stock gains
June 12, 2021 07:30 AM AEST| By Team Kalkine MediaCanada’s broader stock index closed above the 20,100-mark on Friday, June 11, driven by gains in the energy sector as oil prices reached a multi-year high. Positive data indicating an economic rebound infused optimism in the markets. The S&...
Crypto mining 101: Everything you need to know
June 12, 2021 01:42 AM AEST| By AayushSummary Crypto mining means gaining cryptocurrencies by solving complex cryptographic equations using high-powered computers. A blockchain is essentially a series of data blocks “chained” together, which contain key pieces of data. .....
CO2 levels shoot up to record high despite COVID-19
June 12, 2021 01:15 AM AEST| By Team Kalkine MediaSummary Recent data indicates the highest CO2 levels in 63 years, with the COVID-19 shutdown proving insignificant to curb greenhouse gas emissions. Carbon dioxide was recorded at 419 parts per million (ppm) in May 2021, up from 417 ppm i.....
Crackdown on fake medicines trade: Thousands of counterfeit online pharmacies shut worldwide
June 12, 2021 12:48 AM AEST| By Tripti JoshiSummary A record number of web links, including websites and online pharmacies, have been closed under an Interpol-led Operation. Fake COVID-19 tests, face masks and sanitizers made a significant proportion of the counterfeit products. The cou.....
New purchase orders worth CA$306K sweeten the pot for Rritual Superfoods
June 11, 2021 05:24 PM AEST| By Team Kalkine MediaSummary Rritual Superfoods has received purchase orders (POs) worth CA$306,000 in the last week of May 2021. The functional superfood company has scaled the production of its products to meet the increasing demand. Rritual is confident that th.....
APAC market mixed; ASX200 up 0.12%
June 11, 2021 01:49 PM AEST| By Furquan MoharkanSummary Asia markets opened on a mixed note on Friday. Chinese shares were in the red. Overnight, the S&P 500 closed at a record high. The equity markets in the Asia-Pacific (APAC) were mixed in Friday trade, after overnight gains on .....
What are signs of a stagflation? Are we headed there?
June 11, 2021 12:57 PM AEST| By Furquan MoharkanIn economics, a higher gross domestic product (GDP) growth means that people in that country have more income. A higher income leads to more spending, which in turn, increase the prices of products and that leads to a spike in inflation. In contrast...
