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Is Digital Euro’s launch on the cards?
May 18, 2022 12:33 AM AEST| By Manu ShankarHighlights ECB is geared to launch the Digital Euro in the next four years by 2026. In a speech, Fabio Panetta, an executive member of the European Central Bank, said that ECB could perhaps lay the groundwork for the possible digital euro for t.....
Why this Japanese Bitcoin is on a hot streak in crypto market?
May 18, 2022 12:29 AM AEST| By Manu ShankarHighlights The JasmyCoin (JASMY), also dubbed the Japanese Bitcoin, is an IoT platform, which aims to offer infrastructure that allows seamless data transfer safely and securely. Built on the Ethereum blockchain network, the JASMY crypto aims t.....
What is Songbird (SGB) crypto and why did it zoom 76%?
May 17, 2022 11:30 PM AEST| By Versha JainHighlights Songbird is the canary network for Flare. Flare, a distributed network, enables secure interoperability between chains by integrating with the Ethereum Virtual Machine (EVM). The Songbird (SGB) token has a current market capitalizat.....
TPZ, TVE, FM, LUN & CAS: 5 TSX commodity stocks amid slowdown fears
May 17, 2022 10:21 PM AEST| By Sundeep RadeshHighlights China’s industrial production in April fell nearly three per cent compared to one year earlier when a 0.4 per cent increase was expected This could exasperate the global supply chain crisis and experts say fear of a global econ.....
Bitcoin at $30,000: What does 5-year historical price data indicate?
May 17, 2022 09:56 PM AEST| By Ankit SethiHighlights Prices of altcoins like ETH have largely mirrored the price trend of BTC in 2022, which shows correlation BTC has the biggest share in the total market cap of cryptoverse, which is often referred to as its dominance Bitcoin price ha.....
How Terra's (LUNA) US$30 bn crash is benefitting this crypto
May 17, 2022 05:37 PM AEST| By Manu ShankarHighlights Terra's (LUNA) drastic decline has now forced the protocol to migrate to other networks such as Polygon (MATIC). Polygon CEO Ryan Wyatt and founder Sandeep Nailwal revealed they are working on multiple Terra projects in order to help.....
Why Reddit IPO could become most popular public debut
May 17, 2022 05:36 PM AEST| By Raza NaqviHighlights Some published reports have suggested that Reddit was looking to go public in the US equities markets. The IPO market remains weak because of an ongoing pandemic and the war between Russia and Ukraine. Reddit is a popular discussion.....
Is Pi Network real or just a dream? Can you buy Pi coin?
May 17, 2022 05:20 PM AEST| By Raza NaqviSince the launch of Bitcoin, the cryptocurrency market has grown by leaps and bounds. As of writing, there were more than 19,000 cryptocurrencies trading worldwide, according to CoinMarketCap data. Amid the rising popularity of virtual currencies,.....
Crypto experts make a strong case for blockchain-based games
May 17, 2022 05:20 PM AEST| By Mila Bera (Guest)In a recent interview, David Kim, WAX's head of publishing, and Michael Rubinelli, WAX’s head of game studios, expressed their strong belief that the crypto industry and games will be even more connected in the future. WAX stands for Worldwide...
DEI stablecoin loses USD peg after TerraUSD. Why?
May 17, 2022 04:09 PM AEST| By Ankit SethiHighlights After TerraUSD’s decline, the stress in stablecoin category seems to have gripped DEI crypto DEI is a part of DeFi project titled DEUS Finance, a protocol with its second token DEUS DEI was trading at a price of nearly US$0.6 .....
What is Bityuan crypto and is BTY token safe?
May 17, 2022 04:03 PM AEST| By Ankit SethiHighlights Though the total market cap is back to US$1.3 trillion level, there is no certainty about future Bityuan talks about parachain development services, with multiple nodes backing the mainnet BTY token of Bityuan has yet to list for tr.....
Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand
May 17, 2022 03:10 PM AEST| By Arpit VermaHighlights The prices of both crude oil benchmarks gained more than 3.26% during the last week. Gold and silver logged a significant drop in their prices in the last week. The prices of base metals including copper, aluminium, and iron ore als...
RBA minutes: What is central bank’s stance on future interest rate hikes?
May 17, 2022 03:08 PM AEST| By Akanksha VashishtHighlights The RBA has recently released the monetary policy minutes for its May meeting. The central bank raised the cash rate by 25 basis points to 0.35% in the monetary policy meeting. The labour market provides much-required strength to th.....
Crypto Catch: Australian Taxation Office to target capital gains on cryptos
May 17, 2022 01:56 PM AEST| By Daniel Paul JohnsHighlights The Australian Taxation Office will be targeting capital gains made from crypto assets with the agency looking to crackdown on mistakes the public are making Bitcoin fell three per cent from yesterday and currently sits at US$29,866 .....
Why has wage hike become a hot topic ahead of Australian election?
May 17, 2022 01:46 PM AEST| By Akanksha VashishtHighlights Wages are a highly influential aspect during elections, prompting most leaders to advocate for a hike in wages. PM Scott Morrison’s latest statement that a decent wage hike could be harmful to the domestic economy has sparked v.....
How do US inflation figures impact Australians?
May 17, 2022 01:42 PM AEST| By Akanksha VashishtHighlights Australians face threat of rising inflation in the US, much like many economies. US dollar is a threshold currency for many countries, which cements its power in the global economy. Imports from the US would get more expensive, and .....
How deep is Australia's rental crisis? Will it have an impact on elections?
May 17, 2022 12:04 PM AEST| By Akanksha VashishtHighlights With soaring house prices, many homebuyers are not able to finance their ideal house. The ABS data showed that rents across Sydney and Melbourne rose marginally in the March 2022 quarter. Campaigning parties have promised funds to b.....
TSX in green with energy & base metals up, commodities & loonie gain
May 17, 2022 07:30 AM AEST| By Sundeep RadeshThe commodity heavy TSX Composite Index had a second straight day in the green, gaining 106.60 points, 0.53 per cent, to 20,206.41, even as fears grew about a slowdown in China and its implications on the world economy and the supply chain. Once a...
Australia’s first Crypto ETF underwhelms on debut
May 17, 2022 03:55 AM AEST| By Daniel Paul JohnsHighlights Australia’s first crypto tracking exchange traded funds (ETF) met a subdued reception upon its launch on Thursday Some market experts are predicting crypto to stabilise this week after last weeks bloodbath, which saw the market.....
Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week
May 17, 2022 03:02 AM AEST| By Rupam RoyHighlights: Bitcoin (BTC) traded below the US$30,000 mark on Monday, continuing its decline. Bitcoin prices were down for the seventh consecutive week for the first time. Bitcoin hit an all-time high of US$68,789.63 in November 2021. The .....
