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Finally, There’s Bitcoin Pizza. But It Doesn't Accept Bitcoin!
May 20, 2021 03:32 AM AEST| By Team Kalkine MediaBitcoin has been in the spotlight lately. Despite the volatile nature of the digital currency, crypto enthusiast Anthony Pompliano has come up with a business venture to fund the development of cryptocurrencies. The blockchain technology and digital...
Crypto Market Crashes! US$1 Trillion Wiped Off In 5 Days
May 20, 2021 12:31 AM AEST| By AnujVirtual currencies plummeted sharply on Wednesday, May 19, leading to a massive sell-off in worldwide crypto markets. Prices of top crypto coins like Bitcoin, Ethereum, Cardano and Dogecoin has tumbled sharply. Combined value of nearly 10,000...
What do Rising Bond Yields Indicate About the Economy?
May 19, 2021 06:22 PM AEST| By Team Kalkine MediaSummary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem.....
100,000 dead in a month: COVID-19 continues relentless onslaught in India
May 19, 2021 04:13 PM AEST| By Furquan MoharkanThe raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the total death toll of 300,000. As on date, the pandemic death toll in the country stands at 283,281, c.....
APAC markets a sea of red; ASX200 bleeds AU$40 billion
May 19, 2021 03:05 PM AEST| By Furquan MoharkanThe markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country’s benchmark ASX200 was down 2.01% due to weak consumer sentiment. As ASX200 marked its worst s.....
Chinese ban adds to Bitcoin’s woes, price sinks 8%
May 19, 2021 12:48 PM AEST| By Furquan MoharkanThe prices of Bitcoin tumbled 7.6% after the world’s second largest economy, China, banned financial institutions from offering Bitcoin and all other cryptocurrency services to clients. This was announced in a joint statement by the National.....
Did Colonial Pipeline Attack Drive US Oil Prices Up?
May 19, 2021 11:48 AM AEST| By Team Kalkine MediaSummary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga.....
Yellen bats for increased taxes for businesses
May 19, 2021 11:34 AM AEST| By Furquan MoharkanSummary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labour unions. She said that the American Families Plan would be funded by increasing taxes on rich p.....
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TSX Records New Lifetime High, Centerra Gold Shines As Top Gainer
May 19, 2021 07:30 AM AEST| By Team Kalkine MediaThe S&P TSX Composite Index scaled to a new lifetime high of 19556.89 on Tuesday, May 18, trading in green for the fourth straight day. The gain was primarily recorded on the back of the strength in healthcare, utilities, information technology...
On a sticky wicket: Can Cricket bounce back to blockbuster form after COVID-19?
May 18, 2021 08:27 PM AEST| By Team Kalkine MediaSummary Governments in cricket-playing nations worldwide have relaxed restrictions, somewhat allowing smaller crowds into stadiums worldwide. But the hit to the bottom line for every national cricket association is crushingly undeniable. The Ch.....
Elon Musk’s Flip-Flop Relationship with Crypto Oozes Irony
May 18, 2021 08:09 PM AEST| By Team Kalkine MediaThere have been few relationships that have captured the public’s imagination, like Elon Musk’s relationship with Bitcoin. Brad and Jen. Kim and Kanye. J-Lo and A-Rod. Brad and Angelina. And now Elon and Bitcoin or “Elcoin” .....
A look at Rritual Superfoods’ lineup of natural elixirs
May 18, 2021 06:47 PM AEST| By Team Kalkine MediaRritual Superfoods Inc (RSF:CSE) offers a variety of natural plant-based products to enhance everyday lifestyle. The natural elixirs developed by the Company are enriched with super ingredients that support navigating the modern lifestyle challenge.....
Elon Musk Superseded as the World’s Second Richest Person
May 18, 2021 06:30 PM AEST| By Team Kalkine MediaOn Monday, Tesla (NASDAQ:TSLA) CEO Elon Musk lost his position as the second richest person in the world as LVMH Chairman, Bernard Arnault, took the spot. Elon Musk drops to 3rd in the list of the wealthiest people in the world (Source: © J.....
The Domino Effect: How Chia is Boosting the Demand for Hard Drives
May 18, 2021 05:31 PM AEST| By Team Kalkine MediaSummary Chia, a greener alternative to more energy-consuming cryptos, debuted on the exchange at US$1600 on 3 May 2021. Chia uses a method called “proof-of-space”, which allows users to mine the coin on their home computer whilst us.....
What are the Factors Impacting Bond Yields?
May 18, 2021 05:19 PM AEST| By Team Kalkine MediaSummary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth.....
NFTs Explained: What is a non-fungible token and how does it work?
May 18, 2021 05:13 PM AEST| By Furquan MoharkanSummary Cryptocurrencies are talk of the town NFT (non-fungible token), is a unit of data stored in a digital ledger called a blockchain Few NFTs present today include unique digital artworks, a unique sneaker in a limited-run fashion line, in.....
APAC markets trading in green; Taiwan bounces back
May 18, 2021 04:44 PM AEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were mostly trading in green on Tuesday as Taiwan led the pack with a sharp rebound. The Taiwan Weighted Index surged 4.90% on Tuesday, after a nearly 3% drop on Monday amid rising concerns over.....
COVID-19: WHO warns against ‘pandemic is over’ mindset, flags vaccine shortage
May 18, 2021 01:49 PM AEST| By Furquan MoharkanThe World Health Organisation (WHO) has warned that the COVID-19 pandemic is far from over despite decline in the global numbers in the past two weeks. “There’s a huge disconnect growing where in some countries with the highest vaccina.....
Here’s What You Need To Know About Commodity Supercycle
May 18, 2021 01:31 PM AEST| By Team Kalkine MediaSummary A commodity supercycle is a prolonged period of price increase of a commodity, usually due to a demand shock. Most supercycles have an underlying structural shift leading the prices to break their long-run levels. The first known commo.....
Michael Burry of ‘The Big Short’ fame has bet US$534 million against Tesla
May 18, 2021 11:07 AM AEST| By Furquan MoharkanMicheal Burry, the investor famous for foreseeing the subprime mortgage crisis and profiting from it, has a short position worth US$534 million against the electric vehicle maker Tesla Inc (NASDAQ:TSLA), a regulatory filing has revealed. According.....
