News
Why did Ukraine legalize cryptocurrency amid war fears?
February 19, 2022 04:02 AM AEDT| By Versha JainThe Ukrainian government has passed a bill into law legalizing cryptocurrency but not as a legal tender. While the decision received broad support from the crypto community, its timing has drawn attention. It is believed the government wants to kee.....
UK market gets some respite, FTSE 100 index up by 0.40%
February 18, 2022 03:30 PM GMT| By Sreenivas D AjankarUK Market: The UK stock market got some respite on Friday though there was some concern due to storm Eunice. The blue-chip FTSE100 index is up by 0.42%. The index is supported by stocks like Reckitt Benckiser Group Plc (3.3%), Standard Chartered Plc...
What does Russia-Ukraine conflict mean for world economy?
February 18, 2022 03:00 PM GMT| By Toshiva JainIn late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world economy trembles under the effects of the Covid-19 pandemic, Russia’s evasion is just another na.....
From Employment Hero to Canva: A quick look at five Australian unicorns
February 19, 2022 01:54 AM AEDT| By Aditi SahaEmployment Hero became the latest Australian company to enter the unicorn club after it closed an AU$181 million funding round on Thursday at a valuation of around AU$1.25 billion. Lawyer-turned-tech entrepreneur Ben Thompson is the co-founder of E.....
Cryptocurrency beginner's guide: Proof of Work vs. Proof of Stake
February 19, 2022 01:45 AM AEDT| By Aditi SahaHighlights At the back of every cryptocurrency lies a network of computers that ensures the security of the software and regulates the issuance of new units. The system that governs cryptocurrency is known as a consensus mechanism. Proof.....
10 best penny cryptos to watch in 2022
February 19, 2022 01:11 AM AEDT| By Ankit SethiHighlights Penny cryptos, experts say, are those that are trading under US$1 These may pique the interest of a section of crypto investors that looks for quick profits Prices may swing in any direction, and hence it is good to know what the pr.....
Do you pay tax on cryptocurrency in Canada?
February 19, 2022 01:09 AM AEDT| By Raza NaqviHighlights The time to start preparing for crypto taxes has come for those who cashed out on any of their virtual currencies over 2021. The prospect of making gains attracts people to the equities and cryptocurrency markets. As per the C.....
What are the key climate change issues in Canada?
February 18, 2022 02:00 PM GMT| By Team Kalkine MediaThe various regions in Canada are facing various climate crises such as rising sea levels, flooding, increasing temperature, landslides, and snowstorms. Have you ever wondered why these regions are experiencing such climate crises? In this article,.....
Why crypto assets market pose risk to global financial stability?
February 19, 2022 12:54 AM AEDT| By Manu ShankarHighlights A recent report by the Financial Stability Board (FSB) has highlighted the three segments that pose serious number of risks for the crypto-asset markets: unbacked crypto-assets, stablecoins and decentralised finance. The crypto-asset.....
BAE, Barratt, AO World: 3 companies that weathered supply chain limits
February 18, 2022 12:00 PM GMT| By Sreenivas D AjankarHighlights Regulatory agencies from countries like the US, the UK, Australia, Canada, and New Zealand will work closely and share information with each other related to collusion and anti-competitive conduct in the supply chain. The joint.....
Will Joe Biden’s crypto EO signal the start of crypto regulations?
February 18, 2022 11:00 PM AEDT| By Manu ShankarHighlights US President Joe Biden’s government is expected to release its executive order next week. It is suggested that the executive order would direct the Financial Stability Oversight Council to examine the issues related to financia.....
Why is DIA (DIA) crypto rallying?
February 18, 2022 07:56 PM AEDT| By Manu ShankarHighlights Decentralised Information Asset (DIA) crypto is primarily an open-source oracle platform enabling market participants to share and supply to the users. As an open-source Web3 data and oracle platform, the multi-blockchain network wil.....
5 famous NZ businesses welcoming crypto payments
February 18, 2022 04:03 PM AEDT| By Jasmine AnandHighlights Bolstered by faster transaction speeds and lower fees, many global conglomerates have started accepting crypto payments. Several NZ companies from varied sectors, too, are welcoming payments in cryptocurrencies from their customers. .....
Crypto Catch: Bitcoin sees biggest drop in four weeks, falls 8%
February 18, 2022 01:48 PM AEDT| By Daniel Paul JohnsHighlights Bitcoin suffered its biggest drop in four weeks overnight. Bitcoin’s price currently sits at US$40,430 after being above US$44,000 for much of the week. Illegal crypto transactions jumped almost 80% in 2021. Bitcoin suffe.....
Will cryptocurrency regulations come into effect anytime soon?
February 18, 2022 12:03 PM AEDT| By DaminiCryptocurrency space was buzzing throughout 2021, with investors increasingly turning to crypto-based investments over traditional alternatives. The growing popularity of cryptos inadvertently invited some dubious scams and suspicious activities, u.....
UK stock market extends decline, Evraz shares sink 7%
February 17, 2022 03:38 PM GMT| By Sreenivas D AjankarUK Market: The UK stock market traded lower on Thursday, extending its losses for the second straight session. The blue-chip FTSE100 index was down by 0.76%. The uncertainty surrounding the Russia-Ukraine conflict impacted the stock market. As per th...
Lucky Block (LBLOCK) crypto: Why is it trending?
February 18, 2022 01:39 AM AEDT| By Manu ShankarLucky Block (LBLOCK) is primarily a worldwide lottery system for players using the blockchain protocols. Powered by the Binance Smart Chain blockchain network, it aims to bring in security, transparency and fairness while creating a global lottery .....
What did Charlie Munger say on cryptocurrencies? 5 things to know
February 18, 2022 01:36 AM AEDT| By Rupam RoyWhile the cryptocurrency market has many supporters, a few loathed it. Its opponents see many drawbacks in cryptocurrencies, including persistent volatility, and wish they are banned. One such opponent is the billionaire investor and Berkshire Hath.....
Top 5 cryptos to watch long term
February 18, 2022 01:06 AM AEDT| By Ankit SethiAre cryptocurrencies a bubble, or are they an asset class that would defy odds and give backers good returns in the long run? Different billionaires have different, and perhaps at times contrasting, views on cryptocurrencies. Warren Buffett of Ber.....
Binance once again under FCA scanner following Paysafe deal
February 18, 2022 12:17 AM AEDT| By Manu ShankarThe world’s leading cryptocurrency Binance is yet again in the eyes of regulators in the UK. Ever since it was banned by the Financial Conduct Authority (FCA) from operating in the country in June 2021, it has been under constant watch for it.....