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News
Race for dominance: 10 Bitcoin and Ethereum killers
November 03, 2021 04:49 PM AEDT| By Daniel Paul JohnsHighlights As other digital currencies and their accompanying blockchains emerge, is it conceivable that one day, BTC and ETH could be toppled by something else. While Solana aims to facilitate decentralised app (DApp) creation, it also aims to.....
Facebook is banking heavily on metaverse; what are others up to?
November 03, 2021 04:47 PM AEDT| By AshishHighlights Facebook’s latest move of changing its corporate name to Meta has sent shockwaves through the global tech sector. Metaverse refers to a shared virtual environment and is expected to be a successor to the mobile internet. Besid.....
Cryptos in action
November 03, 2021 03:59 PM AEDT| By Daniel Paul JohnsHighlights A panel of 10 jurors selected Monday will have three weeks to hear the evidence and decide the fate of “Satoshi’s bitcoins.” Shares of crypto miners started November on a bullish tone, tracking gains in the price of.....
Wall Street closes at record high as earnings lift mood
November 03, 2021 09:15 AM AEDT| By Sanjeeb BaruahBenchmark US indices continued their rally on Tuesday, November 2, bolstered by gains across stock segments as strong quarterly earnings of companies lifted the market sentiments. The S&P 500 was up 0.37% to 4,630.65. The Dow Jones rose 0.39% to...
FTSE 100 partly resurrects on upbeat Wall Street
November 03, 2021 03:26 AM AEDT| By AbhijeetUS Markets: When it comes to Wall Street hovering near fresh record highs, the key indices remain in a position to make and break newer records over a couple of sessions. All the three major stock indices registering new all-time highs on Tuesday, 2...
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Shell (RDSB) & Tesco (TSCO): 2 FTSE 100 forecourt operators to buy
November 03, 2021 02:23 AM AEDT| By Suhita PoddarHighlights Petrol prices rose over 30p per litre in the last 12 months, as per DBEIS data. The current average price is at a record high of 143.70 pence per litre, compared to a previous high of 142.17 pence per litre reached in April 2012. .....
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All about French Connection’s £29-mn takeover
November 03, 2021 12:10 AM AEDT| By Rishika RainaHighlights French Connection will be acquired for the first time since 1983. The £29-million takeover of the fashion brand led by a Newcastle-based businessman is backed by the shareholders of French Connection. A final court appro.....
What does ‘fungible’ in NFTs mean?
November 02, 2021 11:50 PM AEDT| By Ankit SethiHighlights CryptoPunks are NFTs, but Leonardo da Vinci's Mona Lisa is just non-fungible All cryptocurrencies are fungible, which means they are a part of some homogeneous group Facebook’s metaverse may give a boost to blockchain ga.....
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How can a company get delisted?
November 02, 2021 10:32 PM AEDT| By Priya BhandariIrish airline Ryanair (LON: RYA) has been in news as it is considering an end to its stock listing on London Stock Exchange. According to a recent statement issued by the company, the volume of its stock trading in London has witnessed a fall after.....
Shiba Inu & DOGE's rival CateCoin set to explode? Know price prediction
November 02, 2021 09:49 PM AEDT| By Raza NaqviOne of the cryptocurrencies gaining investors' attention over the past few weeks is CateCoin (CATE). The cryptocurrency soared 54 per cent in the last 24 hours. Dubbed as a rival to Shiba Inu and Dogecoin, the CATE token is a cat-themed dece.....
FB’s metaverse can be a blessing for these 5 blockchain games
November 02, 2021 09:15 PM AEDT| By Ankit SethiHighlights Facebook’s rebranding move has thrust the virtual reality world of metaverse into the spotlight, but it is not the first company to enter the space Many existing cryptocurrency projects have their own metaverse where users can .....
It's MANA mania now!
November 02, 2021 08:11 PM AEDT| By Aditi SahaHighlights The MANA fever has now swept the global crypto market after Facebook's "Meta" rebranding. Mark Zuckerberg, the CEO of Facebook, said on 28 October that the company's name would be changed to Meta to reflect a greater focus on the met.....
BBEDS: FAANG stocks’ counterpart in cryptocurrencies space
November 02, 2021 07:18 PM AEDT| By Ankit SethiMost of us know what FAANG is. The acronym relates to listed tech giants – Facebook (now Meta), Apple, Amazon, Netflix and Google (Alphabet). These five companies have a combined market cap of over US$7 trillion with a substantial share in t.....
Five Less Known Meme Coins
November 02, 2021 05:32 PM AEDT| By Daniel Paul JohnsHighlights Dogecoin inspires Samoyedcoin since it is a crypto named after a dog breed Tiger King is a ground-breaking utility token for ChainChat - the first of its kind decentralised application (DApp) After being valued at US$0.00000815 on O.....
Would Bitcoin Cash (BCH) see a turnaround anytime soon?
November 02, 2021 04:04 PM AEDT| By Jasmine AnandCreated in 2017, Bitcoin Cash is a famous altcoin or a spin-off of the world's largest cryptocurrency, Bitcoin. Of late, the crypto has not been performing well, and is now looking at bullish forces for its revival. Though at times, it tends to sh.....
Squid Scam: The Token That Took Off with Over US$2 Million of Investors’ Money
November 02, 2021 03:11 PM AEDT| By Daniel Paul JohnsCrypto scams are by no means a new thing. Unfortunately, a lot of digital currencies turn out to be nothing more than money grabbers before the anonymous developers disappear into the night either to take their investors’ money to retire on a.....
Gold price firms up on dip in the US dollar
November 02, 2021 01:29 PM AEDT| By Arpit VermaHighlights Gold prices rose on Monday. An ease in the strength of the US dollar pushed the prices of bullion. The strong performance of US equities has dampened the demand for a safe haven. Gold prices rose on Monday with ease in the stre.....
Cryptos in action
November 02, 2021 12:24 PM AEDT| By Daniel Paul JohnsSquid Scam After rising over 35,000 percent in just three days, Squid Game crypto’s developers say they’ve left the project after the price of its token crashed to nearly zero. SQUID was launched last Tuesday with a price of just US$.....
US indices gain on upbeat quarterly earnings, economic outlook
November 02, 2021 08:53 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed the first day of the month on Monday, Nov 1, with a buoyant note as stocks saw gains across all industry groups on upbeat quarterly earnings and economic outlook. The S&P 500 was up 0.18% to 4,613.67. The Dow Jones ro...
Bakkt (BKKT), Bit Digital (BTBT) stocks tank as traders turn cautious
November 02, 2021 05:33 AM AEDT| By Ipsita SarkarHighlights Bakkt Holdings, Inc. (NASDAQ: BKKT) stock hit a 52-week record high of US$42.88 on Oct 29. Bakkt is expected to release its third-quarter earnings results on Nov 12 at 10 am ET. Bit Digital, Inc’s (NASDAQ: BTBT) crypto-mining .....
AI on the Rise: A Look at Top AI Companies and Their Stocks