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US indices close flat as healthcare, utility stocks gain
October 21, 2021 09:25 AM AEDT| By Sanjeeb BaruahS&P 500 and Dow Jones closed higher on Wednesday, October 20, pulled up by gains in healthcare stocks, while Nasdaq stayed near flat as investors turned their focus away from technology shares. The S&P 500 was up 0.37% to 4,536.19. The Dow J...
Will 1INCH cross US$10 by end of 2021?
October 21, 2021 02:36 AM AEDT| By Manu ShankarThe 1inch Network is a decentralised exchange (DEX) aggregator, which offers solutions by connecting several exchanges into one platform, allowing users to find the most efficient swapping routes across all platforms. Users have to flip through mul.....
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Watch out for these 4 highly anticipated Bitcoin ETFs
October 21, 2021 12:10 AM AEDT| By Manu ShankarHighlights ProShares debuted on the New York Stock Exchange on Tuesday. The ProShares’ Bitcoin Strategy exchange-traded fund (BITO) was an instant hit, registering the highest-ever first day volume. It is expected that the li.....
7 Altcoins up over 1000% in 2021
October 20, 2021 10:45 PM AEDT| By Ankit SethiHighlights There are so many news things to blockchain like gaming and multi-chain platforms A few of these platforms have gained immensely in 2021, and their returns far exceed Bitcoin’s Over 1,000 per cent return is no mean feat consid.....
What to expect as RBA Shuts Down Wage Growth?
October 20, 2021 10:35 PM AEDT| By Daniel Paul JohnsHighlights Reserve Bank of Australia (RBA) has said its unlikely Australian wages will rise in the short-term, despite reports of industry labour shortage The Reserve does not expect the inflation target to be met any time before 2024 due to th.....
The Bitcoin Labyrinth: The Perpetual Rise and Fall of The World’s Premier Crypto
October 20, 2021 10:15 PM AEDT| By Daniel Paul JohnsIn 1953, abstract artist M. C Escher painted the now now iconic work titled “Relativity”. Looking at the twelve-year history of Bitcoin draws parallels to this famous work as Bitcoin still remains an enigmatic Labyrinth with its sudden .....
What is UMA crypto? Here's what you must know about the digital coin
October 20, 2021 09:16 PM AEDT| By Raza NaqviThe cryptocurrency market was trading in the green on Wednesday, October 19. At the time of writing, Bitcoin had surged by 3.6 per cent in the last 24 hours to reach US$ 64,158.66 per token. Meanwhile, the world's second-largest cryptocurrency, Eth.....
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Polylastic (POLX) crypto: Is it the right time to invest?
October 20, 2021 07:36 PM AEDT| By Manu ShankarHighlights Polylastic is a cryptocurrency that operates on the Binance Smart Chain blockchain network. It's a bunch of dynamic exchange that poses an enormous potential in synthetic assets, elastic finance, derivates, artificial intelligence. .....
On the heels of Musk's mysterious tweet, fans are on the hunt for 'Bunny Cryptos'
October 20, 2021 06:31 PM AEDT| By Aditi SahaWhether you despise or admire Elon Musk, the SpaceX and Tesla founder has tremendous influence in the crypto markets. The bunny-themed coins and Shiba Inu token have risen in value due to Elon Musk's recent tweet. Shiba was up 21% an hour after the.....
Which taxes could replace UK’s fuel duty amid climate push?
October 20, 2021 06:28 PM AEDT| By Suhita PoddarThe UK finance ministry has stated that the government may have to introduce some new taxes to replace the loss of revenues from fuel duty and other motoring taxes. The UK plans to phase out fossil fuels as the country has pledged to reduce carbon.....
What’s Behind SOLVE Crypto’s Astronomical Rise in the Past 24 Hours?
October 20, 2021 04:40 PM AEDT| By Daniel Paul JohnsHighlights SOLVE – the digital token which powers the Solve.Care platform has risen over 170 percent in the past 24 hours, according to data from CoinMarketCap Care, is redefining the health care system through ways that could be ac.....
What's in a name? Facebook may no longer be Facebook
October 20, 2021 04:16 PM AEDT| By Ipsita SarkarFacebook Inc (NYSE:FB) may soon be known by a different name. The rumors surfaced following a leading tech blog article suggesting that the social media giant may soon rebrand itself to focus on expanding metaverse. In response, Facebook said it doe...
Did Mercury NZ (NZX:MCY) go through a lean patch in Q3 2021?
October 20, 2021 03:32 PM AEDT| By SonalHighlights Mercury NZ provided an operational update for Q3 2021 and also on the Tararua Wind Farm. Mercury’s hydro generation stayed below average in Q3 2021, and geothermal generation also declined in the quarter. The Group informed th.....
Vale SA plans to lower its iron ore output amid lower prices
October 20, 2021 02:59 PM AEDT| By Arpit VermaHighlights Vale SA plans to slow down the production of low-margin iron ore in the fourth quarter by nearly 4Mt. The significant decision of the miner came into play after a collapse in iron ore prices in China. Vale had produced 89.42Mt iron .....
Oil hovers near multi-year highs amid ongoing energy crunch
October 20, 2021 02:39 PM AEDT| By Arpit VermaHighlights Crude oil rises on Tuesday. Brent crude hovered near US$85 per barrel. Fast recovery from the pandemic has increased global demand. Crude oil prices climbed up on Tuesday to trade near multi-year highs due to rising energy dema.....
First Bitcoin ETF Futures BITO climbs over 4% in NYSE debut
October 20, 2021 10:46 AM AEDT| By Sanjeeb BaruahHighlights ProShares Bitcoin Strategy ETF debuted on NYSE Tuesday with the ticker BITO. It is the first Bitcoin-focused ETF to start trading in the stock exchange. On the first day, around 21.4 million shares of the ETF were traded. .....
Wall Street closes higher as strong earnings lift risk appetite
October 20, 2021 08:46 AM AEDT| By Sanjeeb BaruahBenchmark US indices edged higher on Tuesday, October 19, as strong quarterly earnings of companies for the third consecutive session lifted investors’ risk appetite. The S&P 500 was up 0.74% to 4,519.63. The Dow Jones rose 0.56% to 35,457...
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How StrikeX crypto is changing market dynamics
October 20, 2021 01:27 AM AEDT| By Manu ShankarStrikeX (STRX) crypto on Tuesday is setting the market on fire. The Binance Smart Chain driven crypto on a rally and amassed a massive price hike by 78,288.85%. Ever since StrikeX announced its upgrade to its predecessor StrikeCoin on 13 October, t.....
How rollout of Bitcoin ETF in US could be a watershed moment
October 20, 2021 01:02 AM AEDT| By Manu ShankarHighlights The Bitcoin ETF will mimic the price of the BTC. However, the difference would be that investing in a futures-based ETF will not be same as investing in Bitcoin. Bitcoin ETF is all set to make its debut at the NYSE with ProShares whi.....
Covid cases surge again: Will there be another lockdown?
October 19, 2021 10:30 PM AEDT| By Priya BhandariHighlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n.....
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