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Bitcoin at $30,000: What does 5-year historical price data indicate?
Cryptocurrency

Bitcoin at $30,000: What does 5-year historical price data indicate?

Highlights 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...

NZX 50 closes in red as FPH, AIA, AIR suffer losses
Market Updates

NZX 50 closes in red as FPH, AIA, AIR suffer losses

The New Zealand share market inched slightly higher but closed in the red taking cues from the US market, which also closed in the red on Monday. Heavyweights on the NZX suffered losses, something that also pulled the market down intraday. In gener...

  • May 17, 2022 09:54 PM NZST
  • Manika
Why Reddit IPO could become most popular public debut
IPO

Why Reddit IPO could become most popular public debut

One of the most popular online discussion forums, Reddit, has kept potential investors hooked on the company's initial public offering (IPO) plans. Last year, some published reports suggested that Reddit was looking to go public in the US equities...

Is Pi Network real or just a dream? Can you buy Pi coin?
Cryptocurrency

Is Pi Network real or just a dream? Can you buy Pi coin?

Since 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,...

MHJ, KMD, WHS- Why are these 3 NZX retail stocks making the headlines?
Retail Stocks

MHJ, KMD, WHS- Why are these 3 NZX retail stocks making the headlines?

Highlights NZ’s card spending rose in April 2022 Michael Hill International to sell its Canadian Consumer Credit Book to Flexiti The Warehouse Group posts impressive FY22 Q3 The retail sector is a key contributor to a nation’s...

DEI stablecoin loses USD peg after TerraUSD. Why?
Cryptocurrency

DEI stablecoin loses USD peg after TerraUSD. Why?

Highlights 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?
Cryptocurrency

What is Bityuan crypto and is BTY token safe?

Highlights 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...

ALD, NZO: 2 energy stocks to watch amid new emission guidelines
Oil and Gas Stocks

ALD, NZO: 2 energy stocks to watch amid new emission guidelines

Highlights NZ’s new Emissions Reduction Plan spells out how the government will meet the nation’s first emissions target New policies were backed by NZ$2.9 billion from proceeds of carbon credits. The government has continued some ...

  • May 17, 2022 05:49 PM NZST
  • Manika
Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand
Commodities

Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand

Highlights 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...

WBC, ANZ: Banking stocks grab attention as rate hike talks intensify
Financial Stocks

WBC, ANZ: Banking stocks grab attention as rate hike talks intensify

Highlights Westpac economists are predicting the forecast OCR peak of 3.5% by the end of 2021. Westpac released its 4th and 5th independent reviewer reports on 17 May. ANZ will pay an interim dividend of 72cps on 1 July 2022 with attached impu...

  • May 17, 2022 03:57 PM NZST
  • Sonal
RUA, CBD: 2 NZX sin stocks for cannabis lovers
Healthcare Stocks

RUA, CBD: 2 NZX sin stocks for cannabis lovers

Highlights The cannabis industry is developing at a rapid pace Rua Bioscience launches its first medicine across Aotearoa Cannasouth to hold its Annual Meeting in the last week of June With the growing acceptance of cannabis in the field ...

FRE and MFT: 2 freight stocks amid new emission targets
Industrial Stocks

FRE and MFT: 2 freight stocks amid new emission targets

Highlights Under ERP, the transport sector has been allocated NZ$20 million for decabornisation It is said that freight emissions are to be cut by 35% by 2035 This will be done by deploying biofuels, hydrogen zero-carbon trucks and Zero-emissi...

  • May 17, 2022 02:58 PM NZST
  • Manika
FPH, EBO, OCA: Healthcare stocks in news as mental health funding rises
Healthcare Stocks

FPH, EBO, OCA: Healthcare stocks in news as mental health funding rises

Highlights The NZ government plans to invest $100 million towards mental health and addiction services over the next 4 years. Fisher & Paykel will announce its FY22 financial results on 25 May. Oceania will hold its annual meeting on 23 J...

  • May 17, 2022 01:52 PM NZST
  • Sonal
Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week
Cryptocurrency

Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week

Highlights: 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 ...

What is Arweave (AR) crypto? and What is its Open Web Foundry?
Cryptocurrency

What is Arweave (AR) crypto? and What is its Open Web Foundry?

Highlights Arweave (AR) is a decentralized storage network. It aims to offer a platform for unlimited data storage. AR is the native token of the Arweave network. The seventh edition of the 'Open Web Foundry', an incubator program, is schedule...

Why is Celsius (CEL) crypto gaining attention?
Cryptocurrency

Why is Celsius (CEL) crypto gaining attention?

Highlights: Celsius (CEL) is a crypto banking and financial services platform. The CEL token can be traded on exchanges like OKX, Bybit, etc. Celsius Mining LLC has recently submitted a draft registration statement on Form S-1 confidentially w...

Top 3 NFT land projects to explore in June
Cryptocurrency

Top 3 NFT land projects to explore in June

The non-fungible tokens (NFTs) have existed since at least 2014. However, the demand for NFTs exploded in 2021 after celebrities started auctioning digital collectables. Some analysts believe that the NFTs are here to stay, and their popularity co...

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