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News
New APRA rules on home lending; here's what has changed
November 02, 2021 08:15 PM AEDT| By Sukriti NairThe Australian Prudential Regulation Authority (APRA) has increased the minimum interest rate buffer for banks to use while assessing the serviceability of home loans and mortgages. The rules are effective from Monday, 1 November 2021. New rules ar.....
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.....
Is COP26 a boon or bane for Australia?
November 02, 2021 03:31 PM AEDT| By ManishaThe borderless climate crisis has brought together nations and organisations to fight the battle. Among the several initiatives across the world making climate change as its global priority, COP26 is an epoch-making platform. The 26th United Natio.....
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.....
Contact (NZX:CEN): Why did it register PDS for green capital bond?
November 02, 2021 02:55 PM AEDT| By SonalHighlights Contact Energy announced making an offer of up to $200 million of green capital bonds to NZ investors. The Group registered a product disclosure statement for the offer on 29 October. Capital Bonds have a maturity of 30 years with t.....
Gold price firms up on dip in the US dollar
November 02, 2021 01:29 PM AEDT| By Arpit VermaHighlights Gold prices rose on Monday. An ease in the strength of the US dollar pushed the prices of bullion. The strong performance of US equities has dampened the demand for a safe haven. Gold prices rose on Monday with ease in the stre.....
Cryptos in action
November 02, 2021 12:24 PM AEDT| By Daniel Paul JohnsSquid Scam After rising over 35,000 percent in just three days, Squid Game crypto’s developers say they’ve left the project after the price of its token crashed to nearly zero. SQUID was launched last Tuesday with a price of just US$.....
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 .....
FTSE 100 reclaims 7,300 after 20 months; Wall Street inks new record
November 02, 2021 03:59 AM AEDT| By AbhijeetUS Markets: Wall Street started the new month with all the three major stock indices hitting a record high on Monday, 1 November, following the marginal gain from last week’s record closing. However, the indices slipped into the negativ...
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Darktrace shares crash 15%, six-day loss escalates to 27%
November 02, 2021 02:34 AM AEDT| By AbhijeetHIGHLIGHTS Darktrace Plc shares collapsed approximately 15% on Monday On 25 October 2021, the stock nosedived as much as 27% In Sep-Oct, KKR Dark Aggregator, along with two others, sold 25m shares Shares of Darktrace Plc (LON: DARK) coll.....
Why COP26 Summit is so crucial now
November 01, 2021 11:42 PM AEDT| By Priya BhandariThe COP26 stands for “conference of the parties” under the United Nations Framework Convention on Climate Change, and the summit aims to reach a consensus to implement the 2015 Paris Agreement, where 200 countries around the world agree.....
What is FB blockchain rival Project Liberty & how to buy its stock?
November 01, 2021 10:37 PM AEDT| By Raza NaqviAs blockchain technology becomes mainstream across the world, an American real estate mogul has decided to reinvent the foundations of the internet by using rapidly evolving technology. The American civic entrepreneur Frank McCourt is coming.....
What could trigger cryptos’ worst nightmare & what may it look like?
November 01, 2021 09:59 PM AEDT| By Ankit SethiBelieve it or not, we are in the midst of one of the biggest disruptions of the 21st century. And, believe it or not, one of the most powerful global currencies of today, the United States dollar, has been in existence for just over two centuries -.....
Storj: What is blockchain cloud storage crypto’s price prediction?
November 01, 2021 09:55 PM AEDT| By Ankit SethiThe decentralized peer-to-peer concept and technology is penetrating virtually every sector. If BitTorrent (BTT) is using decentralized tech in file sharing, and VeChain (VET) is using it to make supply chains more efficient, the Storj (STORJ) proj.....
Three ASX Crypto-Related Stocks for November 2021
November 01, 2021 09:28 PM AEDT| By Daniel Paul JohnsNews of BetaShares launching a crypto-focused Exchange traded fund (ETF) on the ASX this week, overcoming the exchange’s prior crypto reluctance has come as welcome news for many crypto enthusiasts. But what other remotely blockchain-r.....
Will the 'Squid Game' crypto eclipse Dogecoin and Shiba Inu craze?
November 01, 2021 09:05 PM AEDT| By Aditi SahaHighlights Since its inception on October 26, the mysterious 'Squid Game' coin has gained enormous momentum, skyrocketed in price, and attracted many followers. Squid is a "play-to-earn" cryptocurrency in which users buy tokens that grant them .....
AI on the Rise: A Look at Top AI Companies and Their Stocks