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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.....
Resource stocks rally pushes ASX 200 0.3% higher
May 17, 2022 05:28 PM AEST| By SukritiHighlights ASX 200 finished today’s session 0.3% higher at 7112.5 points, buoyed by a rally across resources stocks. Australian share market might remain volatile amidst rising recession risks and commodity price variations. Economic gro.....
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...
Here's how ASX energy index has performed against its peers
May 17, 2022 05:09 PM AEST| By Arpit VermaHighlights The S&P/ASX 200 Energy Index (XEJ) gained 1.55% to trade at 10,149.5 on Tuesday. XEJ has increased staggeringly due to a solid recovery in commodity prices, amid soaring demand. Diversification is the fundamental principle of in.....
WES, GMG, WOW, TCL: How are these ASX 200 giants performing today?
May 17, 2022 04:43 PM AEST| By RitwikaHighlights ASX 200 continue to retain its position in the green territory on Tuesday. Goodman Group traded in red despite reaffirming its profit guidance, probably due to the poor performance of the real estate sector today. The S&...
What caused shares of Nyrada (ASX: NYR) to rally over 21% on Tuesday?
May 17, 2022 04:27 PM AEST| By Aditi SarkarHighlights Nyrada has secured a Notice of Intention from the EPO for its recent patent application seeking protection of its PCSK9 inhibitor technology until 2038. Inhibition of PCSK9 improves the body’s ability to clear harmful LDL chole.....
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 .....
A quick snapshot of ASX healthcare index
May 17, 2022 01:18 PM AEST| By Aditi SarkarHighlights Sectoral indices provide investors with benchmarks to track stocks against their specific sectors. Eight out of eleven official sectors of ASX ended higher on Monday Market sentiment seems to be getting better after the declaration...
ASX200 gains 0.40% in opening trade as energy stocks rise; Brambles plunges 7%
May 17, 2022 12:13 PM AEST| By Priyanka PayalHighlights: The Australian share market opened on a positive note today as the benchmark index ASX200 gained 0.49% to 7,127.60 points at 10:25 AM AEST The energy sector performed considerably well today with the S&P/ASX 200 Energy Index (AS...
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.....
Aguia Resources (ASX:AGR) welcomes first ruling in TEPP case
May 17, 2022 10:33 AM AEST| By Mohammad ZaidHighlights Aguia Resources has welcomed the latest legal development concerning its Brazilian fertiliser project. The Federal Trial Court judge has sent the case to the State Court of Lavras do Sul, recognising the lack of jurisdiction o...
Cyprium Metals’ (ASX:CYM) Nifty Copper MRE increases significantly
May 17, 2022 10:12 AM AEST| By Arpit VermaHighlights Cyprium Metals Limited (ASX:CYM) has significantly increased the Nifty Copper mineral resource estimate (MRE). Both, the Nifty west drilling program and the Nifty copper project restart study have equally contributed to boosting.....
YAL, VEA, AMC: Why these ASX All Ordinaries shares hit multi-year highs yesterday
May 17, 2022 08:58 AM AEST| By AshishHighlights The ASX 200 ended 25% higher at 7,093 points on Monday. The ASX All Ordinaries was also up 0.25% on the day. There are a few notable ASX-listed shares which have continued to perform on a decent note in the recent past....
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