Cryptocurrency

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

 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 ...

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Explained: How Russian economy is holding on despite heavy sanctions

Explained: How Russian economy is holding on despite heavy sanctions

Highlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco...

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US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally

US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally

Wall Street indices climbed higher on Wednesday, May 4, following the Federal Reserve's announcement of its widely anticipated half-point interest rate hike, marking the highest rate increase since 2000. The S&P 500 was up 2.99% to 4,300.17. The...

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Why is EU split on Russian oil ban?

Why is EU split on Russian oil ban?

In an effort to cut down on Russian funding sources, the European Commission (EC) is expected to propose a sixth sanction this week against Russia in response to its invasion of Ukraine. The sanctions may also include an embargo on Russian oil. Uk...

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What is Flow (FLOW) crypto and why is it rising?

What is Flow (FLOW) crypto and why is it rising?

Highlights  Flow is a decentralized, developer-friendly, layer-1 blockchain. The ecosystem has a native currency, FLOW, used as a payment method and a reserve asset for the Flow economy. There are a total 1.37 billion of FLOWs in supply.?...

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What is Cardano (ADA) crypto and why is it gaining attention?

What is Cardano (ADA) crypto and why is it gaining attention?

Highlights:  Cardano is a proof-of-stake (PoS) blockchain platform. The ADA token is the native token of the Cardano ecosystem. The ADA coin is available for trading on several major exchanges like Binance, OKX, etc. The Cardano (ADA...

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What is Luffy (LUFFY) crypto and why is it gaining attention?

What is Luffy (LUFFY) crypto and why is it gaining attention?

Highlights  Luffy was launched in 2021 with a mission to revolutionize the crypto-verse and create an ecosystem combined with its own blockchain. In April 2022, it successfully completed a multi-token merger. The four tokens Luffy (V1)...

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Is TRON (TRX) crypto rising on USDD news?

Is TRON (TRX) crypto rising on USDD news?

Highlights:  TRON can be described as an operating system based on the decentralized blockchain. The TRX token is available for trading on several exchanges like Binance, OKX, etc. It returned gains of over 23% in the last seven days. ...

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NZX 50 ends almost flat as rate hike concerns loom

NZX 50 ends almost flat as rate hike concerns loom

Highlights The benchmark index S&P/NZX 50 closed lower by 0.01% to 11,675.21 as investors remain vigilant and expect the US Fed to increase interest rates in its upcoming meet. NZ’s unemployment remained flat at 3.2% while wage inflat...

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DAR crypto gains 30% and volume rockets 400%: Why is it rallying?

DAR crypto gains 30% and volume rockets 400%: Why is it rallying?

Highlights The DAR crypto got listed on Binance Futures and Bybit, one of the leading cryptocurrency exchanges worldwide. Notably, the DAR crypto has been rising amid volatile market conditions for the past few days. In November last year, the...

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Which are the best performing commodities of 2022?

Which are the best performing commodities of 2022?

In the recent months, commodity prices have been on a wild run. Various commodities ranging across agriculture, energy, livestock, and metals have logged staggering gains during the present year with prices hitting multi-year highs. The prices of ...

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