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News
Decoding the saga of “free speech” on Twitter
April 28, 2022 02:58 PM AEST| By Toshiva JainHighlights Elon Musk bought Twitter for US$44 million, stating that the social network has tremendous potential to be unlocked. Musk wants to boost Twitter by easing censorship restrictions and inculcating new algorithms for its better function...
Central African Republic becomes 2nd country to adopt Bitcoin as legal tender
April 28, 2022 02:39 PM AEST| By Daniel Paul JohnsHighlights The Central African Republic (CAR) has become the second country to adopt Bitcoin as legal tender. Bitcoin rallied slightly from yesterday gaining 3.4 per cent in the past 24 hours to reach US$39,550. New data from WhaleStats re...
Crude oil prices slip on rising coronavirus cases in China
April 28, 2022 01:37 PM AEST| By Arpit VermaHighlights Crude oil prices dropped in early Asian trade on Thursday. The oil traders across the globe are focusing on more stimulus coming from China, keeping aside the fears of Beijing lockdown. The U.S. Energy Information Administration (EI.....
Dow, S&P close higher on strong earnings; MSFT, Visa, TMUS rally
April 28, 2022 06:57 AM AEST| By Rupam RoyDow Jones and S&P 500 edged higher while Nasdaq closed flat on Wednesday, April 27, as strong quarterly earnings of Microsoft Corp and Visa Inc lifted the market sentiment in a reversal from the previous day’s fall. The S&P 500 rose 0....
Ondo Finance’s DAO, native token coming soon with US$20 mn capital boost
April 28, 2022 04:28 AM AEST| By Versha JainHighlights Ondo Finance is a protocol focused on mainstreaming decentralized finance (DeFi). On Wednesday, it announced raising US$20 million in a Series A funding round led by Peter Thiel’s venture capital firm Founders Fund and crypto f.....
What is socialize-to-earn Gamium (GMM) crypto? Things to know
April 28, 2022 03:58 AM AEST| By Versha JainHighlights It is the first Decentralized Social Metaverse that aims to interconnect all metaverses. For using Gamium Metaverse, one needs to have an Avatar. So, users need to mint their Avatars to use its features. The Gamium economy is powere.....
Why is Arweave (AR) crypto rallying?
April 28, 2022 03:33 AM AEST| By Rupam RoyHighlights: Arweave provides a decentralized storage network. The AR token saw the highest price of US$30.54 last week. The token is available for trading on exchanges like Huobi Global, Hoo, etc. While the global crypto market slumped on.....
FTSE 100 extends gains; mining stocks lead
April 28, 2022 12:33 AM AEST| By Rishika RainaUK Market News: The UK stock market has extended the gains on Wednesday, with the blue-chip FTSE 100 index up by over half a percent. Most of the mining stocks like Anglo American, Rio Tinto, Antofagasta, and Fresnillo have once again taken the lead...
What is Secret (SCRT) crypto and why is it drawing attention?
April 28, 2022 12:15 AM AEST| By Rupam RoyHighlights: The Secret is a privacy-focused blockchain built on Cosmos. The SCRT token is available for trading on exchanges like Binance, Bybit, etc. It returned gains of over 35% in the last 12 months. The Secret (SCRT) crypto gained tr.....
Oasis Network (ROSE) crypto heats up and fizzles out. What's next?
April 27, 2022 09:40 PM AEST| By Raza NaqviHighlights Coinbase said it would add support for the ROSE crypto, which boosted the price of the cryptocurrency. On April 26, the ROSE crypto price surged to as much as US$ 0.2467 apiece. The total and maximum supply of the ROSE crypto is 10 .....
What is Fidelity’s Bitcoin 401(k) offering? What to keep in mind?
April 27, 2022 07:33 PM AEST| By Ankit SethiHighlights Bitcoin and Ether as well as major listed stocks like Apple and Tesla have recently lost heavily Fidelity Investments has recently launched a new product that blends Bitcoin with a 401(k) plan Fidelity launched a “stack”.....
What is Immutable X Layer 2 NFT service and how has IMX token fared?
April 27, 2022 07:05 PM AEST| By Ankit SethiHighlights Rate hike anxieties and the Ukraine war have triggered a bearish phase in variable assets One NFT gaming token, WonderHero, has gained of late, and Immutable X was gaining traction Immutable X supports NFTs, and its native token, IM.....
FITFI crypto's price soars 140%. Will it surpass GMT's popularity?
April 27, 2022 05:06 PM AEST| By Raza NaqviHighlights The price of the FITFI crypto is surging despite a decline in the overall cryptocurrency market. The FITFI crypto claims to provide a fitness experience within the metaverse through non-fungible tokens (NFTs). Currently, the FITFI c.....
Crypto ETF launch in Australia gets delayed
April 27, 2022 04:23 PM AEST| By Daniel Paul JohnsHighlights The launch of the first crypto ETF in Australia has been delayed, the Cboe Australian exchange announced today. The Cboe exchange said that the delay is simply due to the double checking of routine checks and balances. The Australia...
Three takeaways from Australia's March 2022 quarter inflation data
April 27, 2022 03:35 PM AEST| By Akanksha VashishtThe much-awaited consumer price index (CPI) data is out for the first quarter of 2022. The measure of prices, released by the Australian Bureau of Statistics (ABS), suggests that Australia’s inflation surpassed expectations during the last...
Crypto Catch: ATO to crack down on crypto traders this tax season
April 27, 2022 02:36 PM AEST| By Daniel Paul JohnsHighlights Cryptocurrency traders will be under increased scrutiny by the Australian Taxation Office at the end of this financial year, according industry experts. Bitcoin fell 5.6 per cent in the past 24 hours to sit at US$38,250. Meanwh...
Crypto Fear & Greed Index: Bitcoin slumps 6% amid risk aversion
April 27, 2022 12:53 PM AEST| By Priyabrata PrustyHighlight Bitcoin, which has over 40% weightage in the crypto market, fell over 6% to US$38,000 levels. Crypto market capitalisation has fallen 5.71% to US$1.76 trillion in the last 24 hours, according to CoinMarketCap. Crypto fear and greed,...
Is Australia’s fuel supply a ‘national security problem’?
April 27, 2022 12:51 PM AEST| By Toshiva JainHighlights Australia heavily depends on fuel imports to meet its domestic energy demands. According to recent reports, Australia has merely days of fuel storage left. The country’s transportation requires most of fuel supply; thus, Aussi.....
US stocks retreat ahead of big earnings; TSLA, GE, UPS decline
April 27, 2022 06:54 AM AEST| By Rupam RoyWall Street’s main indices edged lower on Tuesday, April 26, ahead of the earnings of big companies like Microsoft and Alphabet as investors weighed the risks of slow growth and higher interest rates. The S&P 500 was down 2.81% to 4,175.20...
GMT and FITFI cryptos: Is move-to-earn the next big thing?
April 27, 2022 04:58 AM AEST| By Rupam RoyHighlights: STEPN (GMT) crypto returned over 2083% gains YTD. The GMT token reached its all-time high on April 20, 2022. Step App (FITFI) announced various listing updates. The crypto space has emerged various trends in the market while p.....
AI on the Rise: A Look at Top AI Companies and Their Stocks