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Elon Musk Calls for Renewable Energy Audits by Bitcoin Miners
May 21, 2021 04:57 PM AEST| By Team Kalkine MediaTesla (NASDAQ:TSLA) CEO and Bitcoin flip-flopper Elon Musk said on Thursday that concerns about Bitcoin’s environmental impact could be addressed by audits of renewable energy used by its miners. Source: © Niserin | Megapixl.com In a.....
US Stocks Rebound On Upbeat Labor Data
May 21, 2021 08:17 AM AEST| By Team Kalkine MediaAll benchmark US indices closed higher on Thursday, May 20, halting a downward trend witnessed in the past three days, as stocks bounced back sharply amid positive labor data. The S&P 500 was up 1.06% to 4,159.12. The Dow Jones Industrial Averag...
Real Estate and Industrial Shares Lifted FTSE 100 Higher
May 21, 2021 04:22 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 42.42 points or 1.03 per cent higher at 4,158.10, Dow Jones Industrial Average Index surged by 240.22 points or 0.71 per cent higher at 34,1...
FTSE 100 stages recovery as upbeat Wall Street comes to rescue
May 21, 2021 01:55 AM AEST| By AbhijeetSummary UK shares staged a meaningful recovery in late trades following upbeat Wall Street The FTSE 100 somehow managed to reclaim the psychological mark of 7,000 Investors have seemingly overturned the fears of rising inflation in the UK ONS.....
Trainline shares crash 33% as Britain plans biggest shake-up of railway network
May 21, 2021 12:13 AM AEST| By AbhijeetSummary Trainline shares dived 33 per cent after DfT revealed revamp plan for Britain railways DfT is introducing a flexi-fare system, designed to save hundreds of pounds Fearing a potential revenue loss, one-third of market value of Trainline.....
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Crypto Market Rollercoaster: Musk's ‘Manipulation’ Or Frenzied Buying?
May 20, 2021 10:40 PM AEST| By AnujThe cryptocurrency market saw an unusual convergence of bearish fundamentals on Wednesday, May 19, triggering a massive plunge across all digital coins. Later in the day, however, crypto analysts were left scratching their heads as Bitcoin prices ma...
M&A buzz: Entain mulls to make an offer for William Hill assets, KKR snaps up John Laing
May 20, 2021 08:35 PM AEST| By AbhijeetSummary Entain eyes William Hill assets to explore if it’s an interesting opportunity. With this move, the UK gambling market would be able to witness further consolidation. A £2-billion deal has been agreed upon by KKR for the Joh.....
How did the Latest Crash affect Cryptocurrencies’ YTD Returns?
May 20, 2021 07:18 PM AEST| By Team Kalkine MediaSummary Several major cryptocurrencies experienced devastating dives yesterday, including Bitcoin and Ethereum. Although many cryptocurrencies lost big, they still mainly offer a positive year-to-date (YTD) return. Several cryptocurrencies.....
Just How Tethered is Tether?
May 20, 2021 04:01 PM AEST| By Team Kalkine MediaSummary Tether is what’s known as a ‘stablecoin’ which is a crypto somehow tied to an external source like currency or precious resources. Tether released a “breakdown” of its capital reserves to assure the public .....
Is the wild ride still on for these five cryptocurrencies?
May 20, 2021 03:02 PM AEST| By AayushSummary The crypto space seems to have taken a tumultuous U-turn, having enjoyed a one-sided rally since October last year. China has knocked out the crypto bulls off the ring by banning cryptos completely. On the charts, Bitcoin is being seen.....
Is US getting ready to tighten monetary policy? Fed drops hawkish hints
May 20, 2021 12:28 PM AEST| By Furquan MoharkanSummary The Fed has said that it would tighten the monetary policy, if the economy improves. The Fed hints at truncating its bond purchases programme. The balance sheet of Fed has doubled during the pandemic. The US Federal Reserve is mul.....
Five cryptocurrencies that lost more than 50% in 24 hours
May 20, 2021 12:18 PM AEST| By Furquan MoharkanThe cryptocurrency market has collapsed – marking its biggest single day loss in history. Bitcoin crumbled by 30% while Ethereum plummeted 44% -- all within 24 hours. But they aren’t the biggest losers still. The seven biggest losers in.....
Six Major Gold Miners with Massive Reserves
May 20, 2021 10:25 AM AEST| By Team Kalkine MediaSummary Gold prices have been edging higher over the weaker US dollar and growing inflationary pressure. China, Russia, Australia, Canada, and the US are the major gold suppliers, accounting for a significant portion of the global gold deposits.....
Coinbase Stock Hits Record Low As Bitcoin Nosedives
May 20, 2021 08:50 AM AEST| By Kiran MuraliSummary Coinbase stock marked its record low of US$208 in Wednesday’s trading. Bitcoin plunged as much as 29 percent before regaining some of the losses. Coinbase users experienced an outage while logging in for trading and balance check.....
US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall
May 20, 2021 08:32 AM AEST| By Team Kalkine MediaUS stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors and a sharp decline of cryptocurrencies. The S&P 500 was down 0.29% to 4,115.68. The Dow Jones...
London & European Markets’ Inched Lower; John Laing Stock up 11.25%
May 20, 2021 04:34 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 30.84 points or 0.75 per cent lower at 4,097.00, Dow Jones Industrial Average Index dipped by 293.36 points or 0.86 per cent lower at 33,767.3...
Finally, There’s Bitcoin Pizza. But It Doesn't Accept Bitcoin!
May 20, 2021 03:32 AM AEST| By Team Kalkine MediaBitcoin has been in the spotlight lately. Despite the volatile nature of the digital currency, crypto enthusiast Anthony Pompliano has come up with a business venture to fund the development of cryptocurrencies. The blockchain technology and digital...
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13 blue-chip stocks drag FTSE 100 as crypto wildfire spreads
May 20, 2021 01:17 AM AEST| By AbhijeetSummary Most of the markets across the globe encountered a massive midweek sell-off Dow Industrials and Nasdaq Composite plunged more than 1 per cent Bitcoin, the largest crypto asset, crashed a little more than 20 per cent Reacting to the de.....
Crypto Market Crashes! US$1 Trillion Wiped Off In 5 Days
May 20, 2021 12:31 AM AEST| By AnujVirtual currencies plummeted sharply on Wednesday, May 19, leading to a massive sell-off in worldwide crypto markets. Prices of top crypto coins like Bitcoin, Ethereum, Cardano and Dogecoin has tumbled sharply. Combined value of nearly 10,000...
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An Increase in Energy Prices Doubles UK’s Inflation in April
May 19, 2021 11:27 PM AEST| By AbhijeetUK’s Consumer Price Inflation (CPI) increased to 1.5 per cent in April, more than double to what it was in the previous month of March (0.7 per cent). The surge was primarily driven by an increase in the electricity bills and household gas pr.....
