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US stocks edge higher after weak start in early trade
October 07, 2021 08:50 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, October 6, as stocks recovered following a weak start to the trading day and bullish sentiments rose after lawmakers sealed a debt-ceiling deal. The S&P 500 was up 0.41% to 4,363.55. The Dow Jones...
Five technology trends defining the US market
October 07, 2021 06:12 AM AEDT| By Sanjeeb BaruahHighlights More than 760 technology companies are listed on the top three US stock exchanges. Technology plays a key role in the evolution of products, businesses, and markets. Technologies like Blockchain, IoT, AI, Cybersecurity a.....
Bitcoin surges past $50,000 for the second time in two days
October 07, 2021 01:53 AM AEDT| By Manu ShankarHighlights Bitcoin has been on a high throughout this month and today, it was trading at US $54,412.76. Bitcoin was up by 8.26% in in the last 24 hours and 24.82% in the seven-day period. Shiba Inu, Dogecoin and Ethereum were among the top ...
Biometric passport: UK passengers stuck at airport for hours
October 07, 2021 01:27 AM AEDT| By Manu ShankarUK airline passengers reported delays of up to four hours across prominent UK airports following biometric passport gates failure. Travellers in most UK airports, such as Heathrow, Gatwick and Edinburgh, had to wait in long queues for hours at the .....
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US Crypto Ban: Gary Gensler puts the ball in Congress’ court
October 06, 2021 10:38 PM AEDT| By Manu ShankarIn what can be considered as cold feet, the US Securities and Exchange Commission chairman Gary Gensler indicated that the decision to ban cryptocurrency would be taken by Congress and not the Security Exchange Commission (SEC). Speaking at the Hou.....
5 top-rated cryptocurrencies with over 7,000% YTD returns
October 06, 2021 08:59 PM AEDT| By Ankit SethiHighlights Five billion-dollar market cap cryptocurrencies have a whopping YTD return of over 7,000 per cent Token of a blockchain game has skyrocketed by 22000 per cent YTD One crypto, which ranks among top ten cryptos by market cap, has an e.....
What makes Coldstack crypto a potential investment opportunity?
October 06, 2021 08:49 PM AEDT| By Manu ShankarHighlights The ColdStack is a world’s first decentralized cloud aggregator, which aggregates data such as Filecoin. It gives the users the ability to store huge amount of data and with its AI-based technology, it is able to provide a sing.....
The Gods Smile on Olympus: The Mysterious Crypto Making Strides
October 06, 2021 08:39 PM AEDT| By Daniel Paul JohnsHighlights The Olympus platform (OHM) has seen a growth of more than 150% during the month of September Olympus is an algorithmic stablecoin – an algorithmic currency protocol, which eventually aims to become a stable crypto-native curren.....
RBNZ hikes OCR by 0.50%, thereby decreasing monetary stimulus
October 06, 2021 08:15 PM AEDT| By Jasmine AnandHighlights New Zealand’s Central Bank has of late declared raising the OCR by 0.25 bps. The decision was taken to decrease the monetary stimulus pumped into the economy, as the NZ economy is on track to recovery. Many economists were exp.....
Crude futures hit three-year high; what’s driving the rally?
October 06, 2021 06:48 PM AEDT| By Furquan MoharkanThe prices of crude oil in the international markets have surged by a whopping 27% in the past one and a half months as the world continues to face the energy crunch. The December 2021 Futures of benchmark crude were trading at US$83 a barrel, up .....
What is a DApp platform? Is it secure to use?
October 06, 2021 05:46 PM AEDT| By Jasmine AnandHighlights Decentralised applications, popularly known as DApps, are innovative open-source, P2P network, allowing developers to create online tools, which are of the interest to businesses. These new-age software ecosystems are both secu.....
OMG! This crypto is dropping!
October 06, 2021 04:01 PM AEDT| By Daniel Paul JohnsHighlights OMG, has experienced more than a 10% drop in the past 24 hours The OMG network is a layer two scaling solution for the Ethereum blockchain and to address the issues pertaining to its scalability performance The drop experienced by O.....
World View to charge US$68,585 for Epic Balloon Rides to the space.
October 06, 2021 03:58 PM AEDT| By SamtaHighlights World View Enterprises is developing a balloon-based system to carry people to the stratosphere. Passengers will float above the stratosphere on Spaceship Neptune. company is planning to charge US$68,585 per person and is currently.....
Sonde introduces vocal features to check mental health
October 06, 2021 03:04 PM AEDT| By Tripti JoshiHighlights To help users manage their mental wellness, Sonde Health has introduced voice-powered Sonde Mental Fitness. The voice-powered technology of Sonde Mental Fitness uses a short voice recording to detect and monitor mental well-being. S.....
Miners made commitments to attain neutrality by 2050
October 06, 2021 01:58 PM AEDT| By Arpit VermaHighlights The top miners of the world are committed to the goal of limiting direct and indirect emissions by 2050 or earlier. Miners are under pressure from environmentalists and shareholders related to environmental emissions. Direct and ind.....
Oil hits multi-year highs on OPEC’s plan to gradually increase output
October 06, 2021 01:56 PM AEDT| By Arpit VermaHighlights Crude oil prices hit multi-year highs on Tuesday. OPEC+ agreed on Monday to adhere to their original strategy planned in July to boost the output by 400,000 bpd per month. Record high prices of gasoline have also encouraged various .....
Australia’s August trade surplus rises to record high, what was the major driver?
October 06, 2021 01:49 PM AEDT| By AshishHighlights Australia’s trade surplus rose to a record level in August, clearly beating market forecasts. According to Australian Bureau of Statistics (ABS) data, the merchandise trade surplus swelled to AU$15.1 billion (US$11 billion) in .....
Is Victoria premier Daniel Andrews under IBAC lens?
October 06, 2021 01:47 PM AEDT| By Furquan MoharkanVictorian Premier Daniel Andrews and a senior public servant have reportedly come under the scanner of anti-graft agency Independent Broad-based Anti-Corruption Commission (IBAC). The IBAC has been investigating their role in controversial deals that...
What does APRA’s new move on home loans mean for borrowers?
October 06, 2021 01:42 PM AEDT| By Furquan MoharkanIn a move that will make it harder for some borrowers to get a mortgage, the prudential regulator of the Australian financial services industry has announced stricter serviceability tests for home loans. In a letter to lenders, the Australian Pruden...
Can Bitcoin emerge stronger post China ban?
October 06, 2021 01:38 PM AEDT| By AayushHighlights China had been taking multiple steps since 2013 to curb the entire ecosystem of cryptos. In September 2021, People’s Bank of China had clearly prohibited cryptocurrency transactions or mining. Mammoth institutions flooding mor.....
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