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Dow, S&P 500 close at record highs as senate passes infra bill
August 10, 2021 02:32 PM PDT| By Sanjeeb BaruahDow Jones Industrial Average and the S&P 500 index closed at all-time highs on Tuesday, August 10, as investors laid bets on economy-sensitive stocks amid excitement over the US$1 trillion infrastructure spending bill passed by the US Senate in a...
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Pushback from crypto community to White House amendments
August 11, 2021 07:15 AM AEST| By Daniel Paul JohnsSummary A US infrastructure plan is seeking to raise US$28 billion through increased taxing of digital currency transactions by imposing new requirements for crypto reporting. Some have said the wordings of the bill imply that crypto deve.....
Polkadot - The Crypto with an All-Star Development Team
August 11, 2021 07:00 AM AEST| By Daniel Paul JohnsWith over four thousand cryptocurrencies currently available in the crypto space, separating the wheat from the chaff can be difficult. One of the big pulling points for cryptocurrencies is their development team. This is where Polkadot stands ou.....
Is DeFi crypto safe as crimes hit record high?
August 11, 2021 02:56 AM AEST| By Team Kalkine MediaCyber hackers siphoned off at least US$611 million from cross-chain protocol Poly Network in the largest DeFi breach to date, the company said on Tuesday. The team behind the network has urged miners and crypto exchanges to blacklist the tokens tha.....
Why is Firo coin on investors’ radar?
August 10, 2021 03:46 PM AEST| By Team Kalkine MediaFIRO is a privacy-focused cryptocurrency that allows the users to conduct private transactions which cannot be traced and providers freedom from monetary institutions. Firo is built on the belief that privacy is the uppermost right of humans and th.....
Phillips 66 to snap up a 16% stake in Australia’s NOVONIX as EV market heats up
August 10, 2021 06:56 AM CEST| By Arpit VermaSummary Phillips 66 is ready to acquire a 16% stake in Australia-based NOVONIX Limited in a US$150 million deal. Phillips 66 is engaged in the manufacturing of specialty coke while Novonix is a leading synthetic graphite producer. The strategi.....
Where does the US healthcare system stand among the 11 wealthiest nations?
August 10, 2021 06:47 AM CEST| By Tripti JoshiSummary According to the Commonwealth Fund report, Norway, the Netherlands, and Australia have the best healthcare system performance. The US healthcare system stands last among the group despite spending a significantly higher share of the gro.....
What is FUD in crypto?
August 10, 2021 02:13 PM AEST| By Daniel Paul JohnsThe world of cryptocurrency investing holds some interesting terminology, much like the world of stock investing. One of these is FUD – an acronym for fear, uncertainty and doubt – all very familiar emotions for the investor. More spe.....
NZ Windfarms (NZX:NWF): What are the market expectations around its upcoming results?
August 10, 2021 05:53 AM CEST| By ManikaSummary NZ Windfarms reported a strong 1HYFY21 result and is poised to deliver on its FY21 guidance. The Company is in sustainable energy and is in line with NZ’s sustainable energy commitment. Variable volume fixed price agreement (VVFP.....
What is Cartesi and why is it skyrocketing?
August 10, 2021 01:21 PM AEST| By Daniel Paul JohnsWhile many cryptocurrency traders were paying attention to news out of Washington today, a new crypto was making a mark. The Cartesi Token shot up 103% yesterday before correcting, and although previously unknown to many, it is suddenly demanding .....
Crude oil marks worst run in four months as COVID-19 hits demand outlook
August 10, 2021 02:50 AM CEST| By Furquan MoharkanCrude oil prices are witnessing their worst run in about four months as concerns about the softened demand have resurfaced in the global oil market. The prices of Brent Crude Oil Futures for October 2021 have crashed 9.3% in the current month as the...
US stocks close flat on oil slide, covid fears
August 09, 2021 02:42 PM PDT| By Sanjeeb BaruahBenchmark US indices closed flat on Monday, August 9, as global oil prices tumbled amid rising delta virus concerns, deterring investors from exploring opportunities in the stock market. The S&P 500 fell 0.09% to 4,432.35. The Dow Jones declined...
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What is Harvest Finance?
August 09, 2021 11:23 PM AEST| By Suhita PoddarHarvest Finance is an automated yield farming protocol for investors who are willing to go for high-producing farming investment prospects. FARM protocol allows farmers who invest in cryptocurrencies to reap profit from DeFi (decentralized finance).....
What are Zucoins? How much is the crypto worth?
August 09, 2021 07:35 PM AEST| By Daniel Paul JohnsOne of the biggest problems which has plagued cryptocurrency networks over the years is scalability. As cryptocurrencies have become more and more popular, there’s consequently been increased demand on transactions, which have, in turn, slow.....
America’s richest self-made women list welcomes 15 newcomers
August 09, 2021 10:38 AM CEST| By Daniel Paul JohnsSummary America’s richest women were given a boost by a booming stock market as well as an influx of IPOs which lifted the combined wealth to US$118 billion – a jump of 18%. ABC Supply co-founder Diane Hendricks tops the list of For.....
Five countries that suffered deadliest COVID-19 onslaughts
August 09, 2021 09:31 AM CEST| By Furquan MoharkanThe third wave of COVID-19 has started gripping the world. The end of the pandemic seems like a distant mirage. Many have become fearful and economies are suffering again. At this point in time, when people are concerned about the rising daily numbe...
APAC markets rise as China, Hong Kong shares rally
August 09, 2021 07:52 AM CEST| By Furquan MoharkanThe equity markets across the Asia Pacific region surged on Monday morning, with indexes in Australia, Hong Kong and the Chinese mainland making gains. The gains in the region were led by the Chinese and Hong Kong markets. Chinese mainland shares w...
Larry Page’s New Zealand residency raises questions
August 08, 2021 07:21 AM CEST| By AayushSummary Larry Page has been granted the citizenship of New Zealand after entering the country even when its borders were closed due to the pandemic. He had applied under the “Investor Plus” category, requiring him to invest NZ.....
Berkshire Hathaway shows sign of recovery in its Q2 filings
August 08, 2021 05:18 AM CEST| By AayushSummary Berkshire Hathaway’s operating income for the second quarter shot up by 21% to US$6.69 billion. The conglomerate repurchased a massive US$6 billion worth of its own stock in the second quarter, totalling to US$12.6 billion i.....
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Bitbns to offer Bitcoin SIP for Indian winners at Tokyo 2020 Olympics
August 08, 2021 11:54 AM AEST| By AayushSummary India’s cryptocurrency exchange, Bitbns announced to award Indian medallists at the Tokyo 2020 Olympic games with “Bitcoin SIP.” The amount will be auto-credited for years to their account at regular intervals, which t.....