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News
What is Songbird (SGB) crypto and why did it zoom 76%?
May 17, 2022 11:30 PM AEST| By Versha JainHighlights Songbird is the canary network for Flare. Flare, a distributed network, enables secure interoperability between chains by integrating with the Ethereum Virtual Machine (EVM). The Songbird (SGB) token has a current market capitalizat.....
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CVC delays Amsterdam IPO launch to autumn or early 2023
May 17, 2022 10:28 PM AEST| By Rishika RainaHighlights CVC Capital Partners has delayed its listing plans amid rising market uncertainty. The stock market listing of the company may potentially value it at over €20 billion. In a big blow to London, CVC Capital Partners has opted Am.....
Bitcoin at $30,000: What does 5-year historical price data indicate?
May 17, 2022 09:56 PM AEST| By Ankit SethiHighlights Prices of altcoins like ETH have largely mirrored the price trend of BTC in 2022, which shows correlation BTC has the biggest share in the total market cap of cryptoverse, which is often referred to as its dominance Bitcoin price ha.....
How Terra's (LUNA) US$30 bn crash is benefitting this crypto
May 17, 2022 05:37 PM AEST| By Manu ShankarHighlights Terra's (LUNA) drastic decline has now forced the protocol to migrate to other networks such as Polygon (MATIC). Polygon CEO Ryan Wyatt and founder Sandeep Nailwal revealed they are working on multiple Terra projects in order to help.....
Is Pi Network real or just a dream? Can you buy Pi coin?
May 17, 2022 05:20 PM AEST| By Raza NaqviSince the launch of Bitcoin, the cryptocurrency market has grown by leaps and bounds. As of writing, there were more than 19,000 cryptocurrencies trading worldwide, according to CoinMarketCap data. Amid the rising popularity of virtual currencies,.....
Crypto experts make a strong case for blockchain-based games
May 17, 2022 05:20 PM AEST| By Mila Bera (Guest)In a recent interview, David Kim, WAX's head of publishing, and Michael Rubinelli, WAX’s head of game studios, expressed their strong belief that the crypto industry and games will be even more connected in the future. WAX stands for Worldwide...
DEI stablecoin loses USD peg after TerraUSD. Why?
May 17, 2022 04:09 PM AEST| By Ankit SethiHighlights After TerraUSD’s decline, the stress in stablecoin category seems to have gripped DEI crypto DEI is a part of DeFi project titled DEUS Finance, a protocol with its second token DEUS DEI was trading at a price of nearly US$0.6 .....
What is Bityuan crypto and is BTY token safe?
May 17, 2022 04:03 PM AEST| By Ankit SethiHighlights Though the total market cap is back to US$1.3 trillion level, there is no certainty about future Bityuan talks about parachain development services, with multiple nodes backing the mainnet BTY token of Bityuan has yet to list for tr.....
Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand
May 17, 2022 03:10 PM AEST| By Arpit VermaHighlights The prices of both crude oil benchmarks gained more than 3.26% during the last week. Gold and silver logged a significant drop in their prices in the last week. The prices of base metals including copper, aluminium, and iron ore als...
Crypto Catch: Australian Taxation Office to target capital gains on cryptos
May 17, 2022 01:56 PM AEST| By Daniel Paul JohnsHighlights The Australian Taxation Office will be targeting capital gains made from crypto assets with the agency looking to crackdown on mistakes the public are making Bitcoin fell three per cent from yesterday and currently sits at US$29,866 .....
Australia’s first Crypto ETF underwhelms on debut
May 17, 2022 03:55 AM AEST| By Daniel Paul JohnsHighlights Australia’s first crypto tracking exchange traded funds (ETF) met a subdued reception upon its launch on Thursday Some market experts are predicting crypto to stabilise this week after last weeks bloodbath, which saw the market.....
Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week
May 17, 2022 03:02 AM AEST| By Rupam RoyHighlights: Bitcoin (BTC) traded below the US$30,000 mark on Monday, continuing its decline. Bitcoin prices were down for the seventh consecutive week for the first time. Bitcoin hit an all-time high of US$68,789.63 in November 2021. The .....
Songbird Crypto: Why is SGB token giving its investors jitters?
May 17, 2022 02:33 AM AEST| By Rishika RainaHighlights On 16 May, Songbird Crypto (SGB) hit its all-time low of US$0.01652607, according to CoinGecko. Songbird is basically the Canary Network for Flare that helps the Flare Network to update itself while testing its new features in the lo.....
Why is UK Treasury legalising stablecoins despite Terra crash?
May 17, 2022 02:24 AM AEST| By Manu ShankarHighlights The Her Majesty's Treasury, on Monday, in an announcement said that it will be regulating stablecoins as legal tender. It is suggested that the Treasury's decision to regulate the stablecoin was highlighted during the Queen's Speech......
What does UK Court’s ruling to term NFTs as private property mean?
May 17, 2022 02:17 AM AEST| By Manu ShankarHighlights In a landmark judgment, the High Court of Justice in London ruled that the nonfungible tokens (NFTs) represent "private property." Experts have said the judgment has added more ambiguity around the concept of NFTs. While the High Co.....
What is Arweave (AR) crypto? and What is its Open Web Foundry?
May 17, 2022 01:34 AM AEST| By Versha JainArweave (AR) token is rising on Monday with 12.33% gains to US$17.21 at 7:16 am ET. The Arweave protocol recently has invested in the RareCandy3D, a virtual publishing house for rare digital and physical collectibles on the Ethereum blockchain. Arw.....
FTSE 100 edges higher, Vodafone shares surge
May 17, 2022 12:52 AM AEST| By Priya BhandariUK Market News: The UK stock market made a sluggish start on Monday, though the blue-chip FTSE 100 index edged higher in the late trade. Gains in Vodafone stocks after UAE telecom group’s ‘e&’ brought a 9.8% stake in the telecom...
Why is Celsius (CEL) crypto gaining attention?
May 17, 2022 12:18 AM AEST| By Rupam RoyHighlights: Celsius (CEL) is a crypto banking and financial services platform. The CEL token can be traded on exchanges like OKX, Bybit, etc. Celsius Mining LLC has recently submitted a draft registration statement on Form S-1 confidentially w.....
Top 3 NFT land projects to explore in June
May 17, 2022 12:04 AM AEST| By Raza NaqviHighlights: Some analysts believe that the NFTs are here to stay, and their popularity could grow rapidly in future. The NFT land projects were built for content creators, individuals, and business organizations looking for a business opportuni.....
Why Beefy Finance (BIFI) crypto volume surged 3000%?
May 16, 2022 11:30 PM AEST| By Versha JainHighlights Beefy Finance (BIFI) is a decentralized, multi-chain, yield-optimizer platform. Its main products are vaults, where one can stake crypto tokens. The platform has a Total Value Locked (TVL) of US$396.7 million. Beefy.....
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