News

Crude oil surges as US bans Russian crude oil imports

Crude oil prices jumped as much as 4% on Tuesday after the US banned Russian oil imports. At the same time, Britain also said to phase out the import of Russian oil and oil products by the end of 2022. Crude oil prices surged more than 30% since R.....

Australia’s consumer sentiment weakens in March, reveals Westpac survey

Highlights The Westpac-Melbourne Institute Index of Consumer Sentiment dropped below the 100-level mark in March. The decline in consumer confidence was driven by increased inflationary pressures and the Russia-Ukraine conflict. Labour market .....

Nickel price surpasses US$100,000/t; ASX nickel stocks rise

Highlights Nickel prices surged by a massive 65% yesterday, recording one of the most extreme moves in the history of metals. The current surge in the prices of battery metal is a result of escalated tension between Russia and Ukraine. Numerou.....

McDonald’s, Coca-Cola, Starbucks suspend operations in Russia

Highlights McDonald's informed that it is closing around 850 restaurants temporarily but will continue to pay its employees in Russia. Leading technology companies, such as Microsoft, Facebook, Google, Facebook (Meta) and Apple have also impose.....

New South Wales floods: PM Morrison may declare ‘national emergency’

Highlights PM Scott Morrison is expected to declare a floods “national emergency”. It will be the first such emergency announcement since December 2020, when laws were passed. As floods batter eastern Australia, tens of thousands o.....

IEA ready to release more oil as prices touch record highs

Highlights IEA members are ready to release 60 million barrels of crude oil from their strategic petroleum reserves. The oil prices have hit 14-year-high in the last week to US$139 per barrel The additional supply of crude oil is expected to f.....

Why are nickel & aluminum prices high?

Highlights Oil prices have been soaring over the past weeks, and now the US has banned oil imports from Russia Commodities like nickel and aluminum are also trading higher due to multiple reasons Supply constraints seem to be the biggest facto.....

Crypto Catch: Coinbase blocks 25,000 Russia-linked wallets; Ethereum up over 3%

Highlights Crypto-currency trading platform Coinbase has blocked 25,000 wallet addresses linked to Russian accounts. Bitcoin is holding at just around US$38,200 for the second day in a row, remaining 12 percent below its price just one week ear.....

Can Juno (JUNO) crypto’s new website boost its DApps, smart contracts?

Highlights Juno is an open-source, public blockchain in the Cosmos ecosystem. Juno’s new website went live on Tuesday. The total supply of JUNO is 70,424,332. The Juno (JUNO) crypto’s new website launch on Tuesday was marred b.....

Why is gold-backed stablecoin PAX Gold (PAXG) rising?

Stablecoins are cryptos backed by real-world assets like gold, fiat currencies issued by the government, cryptos, etc. But the value of stablecoins can change with the performance of the underlying assets in the market. Stablecoins, especially the.....

What is privacy-focused Zcash (ZEC) crypto?

Zcash (ZEC) is a cryptocurrency that uses the zk-SNARK zero-knowledge proof technology focused on privacy and anonymity. It was founded in 2016. The coin soared more than 12% on Tuesday after GrapheneOS, a non-profit open-source project focus.....

Meet Warren Livesey – The brains behind Buy Airspace

Why is Verasity (VRA) crypto rising?

The price of Verasity (VRA) crypto surged 10.3 per cent on Tuesday, March 8, and was trading at US$ 0.02141 per token at the time of drafting. The VRA crypto's one-day volume registered a growth of 96 per cent over the last day and reached US$ 85......

Why is Binance under the FCA’s scrutiny again?

Highlights Binance is under the scanner for its partnership with crypto firm Eqonex, which would see Binance get some control of Eqonex through a convertible loan worth US$36 million The FCA felt that even though they can’t stop the chang.....

Will Papa John’s NFT drop draw ire of regulators?

Pizza joint Papa John's seems to be going ahead with its plans of NFT drop despite the regulator raising an eyebrow over irresponsible advertising. Papa John's is scheduled to give away nearly 20,000 non-fungible tokens (NFT) to UK customers. The .....

5 popular and frequently used Layer 1 cryptos

Highlights A Layer-1 primarily is a blockchain network that aims to improve the base protocol to make it more scalable. Layer 1 protocols allow various projects to build their ecosystem and involve two essential solutions of sharding and the co.....

Top 3 meme cryptos by market cap to watch after Ukraine’s Dogecoin move

The cryptocurrency world is in the public eye again amid the Russia-Ukraine war. Ukrainian ministers have tweeted about the war-torn country’s readiness to accept donations in cryptos. After starting with Bitcoin, Ether, and Tether in the ear.....

Why is FTX Token (FTT) rising?

The cryptocurrency market appears to have bounced back from the recent crash due to the ongoing Russia-Ukraine turmoil. At the time of drafting, the global crypto market cap rose 2.01% to US$1.74 trillion. Several cryptos have gained traction in r.....

What is Dent crypto and does it have a Ukraine connection?

The cryptocurrency market is going through turbulent times as Russia initiated military action against Ukraine last month. After crashing over the weekend and on Monday, the market appears to be recovering on Tuesday, March 8. At the time of writi.....

Does Kraken crypto exchange operate in NZ?

Highlights Crypto exchanges make crypto trading easy and offer a variety of features to their users. Kraken, one of the world’s most popular crypto trading platforms, offers its services to New Zealand. It offers competitive fees and 24X.....