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Can Bitcoin again shoot past US$50,000 in 2021?
July 29, 2021 10:15 AM AEST| By AshishThis week is turning out to be an eventful one for the world’s largest cryptocurrency. After the recent sell-off, bitcoin rallied this week and topped US$40,000 for the first time since June. The major catalysts for this surge emerged from th.....
Nasdaq edges up on tech earnings boost
July 29, 2021 07:49 AM AEST| By Sanjeeb BaruahThe tech-heavy Nasdaq Composite Index closed higher on Wednesday, July 28, a day after big technology companies like Google, Apple, and Microsoft posted strong quarterly earnings, while the blue-chip S&P 500 and the Dow Jones saw small gains in a...
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Gaming with Crypto: Axie Infinity explained
July 29, 2021 07:30 AM AEST| By Daniel Paul JohnsSummary One of the most recent developments in the crypto space is Axie Infinity, which combines cryptocurrency with gaming. The platform earns money by charging players a 4.25% fee when they buy or sell Axie NFTs as well as collecting fe.....
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US Federal Reserve Kept Interest Rate Steady; Monthly Bond Buying to Continue
July 29, 2021 04:20 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 3.54 points or 0.08 per cent higher at 4,405.00, Dow Jones Industrial Average Index declined by 26.90 points or 0.08 per cent lower a...
UK begins Covid-19 vaccine donation, to give away 9 million jabs
July 29, 2021 12:26 AM AEST| By AbhijeetSummary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June .....
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FTSE 100 reclaims 7000 level boosted by Barclays earnings and dividend
July 28, 2021 10:14 PM AEST| By Suhita PoddarSummary FTSE100 trades in green above the 7000 mark, helped by the gain in the banking stock, Barclays Plc. UK’s housing price saw a marginal dip of 0.5% in July, as the stamp duty holiday ended for the homebuyers. FTSE 100 was.....
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Activision Blizzard and Roblox: Two video game stocks in action
July 28, 2021 06:56 PM AEST| By Suhita PoddarSummary Activision Blizzard, a US based video game company’s shares fell by over 8 per cent on Tuesday as employees proposed a walk off due to alleged sexual harassment and discrimination at the company. Roblox, a NYSE listed gaming app c.....
What drove the bitcoin price surge? Where is the coin sitting now?
July 28, 2021 05:51 PM AEST| By Daniel Paul JohnsSummary Bitcoin’s price crossed the US$40,000 level on 27 July on the back of reports that Amazon may start accepting Bitcoin on its platform. An Amazon spokesperson nixed the report, leading to a 7% drop as Bitcoin’s price dropped .....
How have cryptocurrencies turned around since Musk’s U-turn?
July 28, 2021 05:41 PM AEST| By Furquan MoharkanAfter the world’s largest cryptocurrency – Bitcoin – crashed below the US$30,000 mark, analysts started giving their verdict on its future direction. There were two schools of thought at that point in time: one argued that Bitcoin...
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Is Binance IPO in the offing?
July 28, 2021 05:41 PM AEST| By Kamalika GhoshSummary Cryptocurrency exchange Binance could go public, as per CEO Changpeng Zhao. Zhao said that the exchange was working on setting up structures that would make an IPO easier. Amidst the global crackdown on cryptocurrency trade, .....
Explaining Project Pegasus: What you need to know about snooping right under your nose
July 28, 2021 02:06 PM AEST| By Furquan MoharkanLast week, when the Project Pegasus news story was broken by a consortium of media houses across the world, many were left flabbergasted. The shock wasn’t because of the way the espionage was conducted. In the intelligence gathering circles, a...
Multiple Hong Kong indices dip in bear zone
July 28, 2021 11:24 AM AEST| By Furquan MoharkanMultiple indices on the Hong Kong Stock Exchange (HKEX) have crashed deep into the bear zone as China continues its purge on tech companies – most of which are listed on the HKEX. Two indices in particular – Hang Seng Tech Index and Hang...
US indices slip, weighed down by technology, consumer stocks
July 28, 2021 08:01 AM AEST| By Sanjeeb BaruahBenchmark US indices drifted from their recent gains on Tuesday, July 27, dragged down by technology and consumer stocks, even as Q2 earnings reports of big companies trickled in. The S&P 500 fell 0.47% to 4,401.46. The Dow Jones shed 0.24% to 3...
British & US Equities Traded Lower Ahead of Federal Reserve Meeting
July 28, 2021 04:35 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded marginally in red - particularly, the S&P 500 index traded 42.70 points or 0.97 per cent lower at 4,379.60, Dow Jones Industrial Average Index declined by 234.83 points or 0.67 per cent lowe...
IPO Watch: 7 major upcoming London listings
July 27, 2021 11:24 PM AEST| By Kamalika GhoshLondon Stock Exchange’s (LSE’s) Robert Barnes, head of securities trading, had said that throughout the first half of 2021, the LSE had seen a steady initial public offering (IPO) listing. In fact, IPO activity on LSE has been at its best...
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Britcoin or Bitcoin: Which one is UK’s future currency?
July 27, 2021 11:13 PM AEST| By Kamalika GhoshSummary Chancellor of the Exchequer Rishi Sunak is planning to revamp the financial future by introducing ‘Britcoin’ digital currency. Unlike Bitcoin, Britcoin will be controlled by the central bank of the UK. Experts feel Br.....
FTSE 100 slips below the 7000 mark following sell-off in the Asian peers
July 27, 2021 10:18 PM AEST| By Suhita PoddarSummary FTSE 100 trades in red taking cues from fall in the Asian market, which witnessed sell-off after the China’s crackdown on the tech companies. UK domestic businesses will face a temporary rise in water bills as water supp.....
OptiBiotix (LON: OPTI) – From science to growing sales
July 27, 2021 10:04 PM AEST| By Team Kalkine MediaSummary OptiBiotix Health Plc has made a significant contribution to human microbiome research by developing products that can be used in food ingredients, supplements, and as active compounds. The company is quickly scaling up its sales .....
UK’s Olympics medals hunt: 5 sports related stocks that are super-charged
July 27, 2021 08:35 PM AEST| By Kamalika GhoshSummary Tokyo 2020 Olympic games will be instrumental in deciding the market performance of some of the sports players on the back of improved economic conditions and resurged consumer demand. Major sporting events were hit by the COVID-1.....
Planning to invest? Keep track of these economic indicators
July 27, 2021 08:25 PM AEST| By Team Kalkine MediaSummary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth.....
