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Dogecoin explained: All you need to know about the meme currency
May 16, 2021 12:16 AM AEST| By AayushSummary Dogecoin is a meme currency, initially created as a joke. It is significantly faster than its peers where it takes just a minute for completing one Dogecoin transaction. Dogecoin uses a proof-of-work algorithm which is similar to that .....
Can inflation woes spark a firestorm in global markets?
May 14, 2021 07:47 PM CEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
May 14, 2021 07:35 PM CEST| By Nitish KumarLast week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the mighty United States. Colonial Pipeline, the largest pipeline system for refined oil products in the U.....
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 14, 2021 07:05 PM CEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?
May 14, 2021 11:02 PM AEST| By Suhita PoddarSummary Tesla founder Elon Musk’s announced Tesla would stop accepting Bitcoin as a form of payment, over concerns about Bitcoin’s high energy demand and fossil fuel use Bitcoin’s energy demand comes more from mining over tran.....
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Are Bitcoin Chartists Picking Bearish Signals?
May 14, 2021 12:01 PM CEST| By Team Kalkine MediaSummary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli.....
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Can Dogecoin Be A Bitcoin Alternative For Elon Musk’s Tesla?
May 14, 2021 07:38 PM AEST| By AnujTelsa Inc (US:TSLA, NASDAQ:TSLA) founder Elon Musk tweeted on Wednesday, May 12, that the electric vehicle (EV) company is suspending all purchases using Bitcoin. He also hinted that the company is exploring other environment-friendly cryptocurrenci...
Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
May 14, 2021 06:06 PM AEST| By Team Kalkine MediaSummary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at.....
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Restructure Of the KiwiSaver Signals Improved Benefits For The Default Members
May 14, 2021 09:19 AM CEST| By Team Kalkine MediaSummary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting would benefit around 381K Kiwis who are currently in the default schemes. The changed settings w.....
Jacinda Ardern Takes TheTop Spot on Fortune List of World Leaders
May 14, 2021 08:24 AM CEST| By RomaSummary Jacinda Ardern declared the world’s top leader on Fortune List. She beat the likes of Dolly Parton and Melinda Gates This award is due to proactive work in the pandemic. In a recent update, it’s been announced th.....
APAC markets open mostly in green on Wall Street cues
May 14, 2021 07:36 AM CEST| By Furquan MoharkanThe Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda.....
NZ Manufacturing Drops In April, But Still in An Expansionary Mode
May 14, 2021 07:30 AM CEST| By ManikaManufacturing in New Zealand’s is lower than in March but is still expanding, said a report by BusinessNZ. Manufacturing activity dropped by 5.2 points in April as compared to March. According to a report by BusinessNZ. The Performance .....
Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
May 14, 2021 07:25 AM CEST| By Team Kalkine MediaSummary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim.....
US tax sleuths, justice dept set to probe Binance: Reports
May 14, 2021 06:43 AM CEST| By Furquan MoharkanOne of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight.....
Coinbase rides the crypto boom to hit over US$1 billion in revenue
May 14, 2021 05:47 AM CEST| By Furquan MoharkanCoinbase Global Inc (NASDAQ:COIN), a US-based holding company for an cryptocurrency exchange platform by the same name, has reported 9.45 times jump in its revenue as it surged past the $US1 billion-mark in quarterly revenue. The company reported .....
Immigrant Protestors Question Kris Faafoi Regarding Their Plight
May 14, 2021 04:43 AM CEST| By RomaSummary Immigrant protests outside the Parliament Immigration Minister facing fire over border restrictions. Several families and friends have been stranded on each side of the border. While New Zealand as well as several other countries .....
Why has IEA slashed 2021 oil demand forecast?
May 14, 2021 02:09 AM CEST| By Team Kalkine MediaThe oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in April 2020 due to supply glut and nearly no buyers. However, a robust vaccination program couple.....
Jacinda Ardern Optimistic About NZ’s Growth With Possible FTAs With UK And EU In Future
May 13, 2021 10:00 PM CEST| By Team Kalkine MediaNew Zealand Prime Minister Jacinda Ardern gave valuable insights and spoke on a variety of issues faced by the country during the current year as the nation awaits Budget for this year. Ardern’s speech came almost after a week after Grant Ro.....
Doge Vs Shiba: A Meme War Is Underway In Crypto Space
May 14, 2021 03:39 AM AEST| By AnujWhile Dogecoin investors, aka Dogearmy, stand divided on Elon Musk describing the token as a “hustle” during his performance in the Saturday Night Live show, a new meme-coin is creating a buzz in the crypto world. Shiba Inu has been tren...
How could the red-hot iron ore rally benefit investors?
May 13, 2021 09:00 AM CEST| By Team Kalkine MediaSummary Iron ore prices have registered a record rally in recent weeks, with prices surging to record high levels. A robust economic recovery in the US and China, coupled with generous stimulus packages, have fueled the rally. The price surge .....