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News
What was New Zealand’s ranking in KPMG’s latest survey?
October 18, 2021 08:53 PM AEDT| By Neha SimpyHighlights In KPMG’s of late released NZRI, NZ has secured ninth position worldwide. The agri-food market has topped in the decarbonisation readiness category. NZ’s pledge towards net zero does not compare with its supply capacity ...
Why “Squid Game” is so popular?
October 18, 2021 07:24 PM AEDT| By SamtaHighlights The most popular K-drama – Squid Game, has become Netflix’s biggest ever series. Squid Game has been watched by around 111 million users within first 28 days of its release. The nine-part series debuted in Septembe...
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Contact (NZX:CEN): How did it perform in September month?
October 18, 2021 07:05 PM AEDT| By SonalContact Energy Limited (NZX:CEN;ASX:CEN) is the largest privately owned energy firm in New Zealand. On 18 October, Contact Energy released an operating report for September 2021. The Group revealed that its customer business recorded mass market e...
The Effect of China’s Crypto Crackdown
October 18, 2021 05:39 PM AEDT| By Daniel Paul JohnsHowever, many newly minted bitcoin mines are relocating to places like Texas, South Dakota or Canada. The United States has overtaken China to become the leading global bitcoin mining network, according to data from the University of Cambridge. T...
Fortnite Gaming Company Open to NFTs
October 18, 2021 03:04 PM AEDT| By Daniel Paul JohnsHighlights Epic Games CEO, Tim Sweeney tweeted on Saturday that the mega gaming company would welcome games that include NFTs The announcement is in contrast to Sweeney’s earlier position that NFTs would not be included in Epic Games due ...
From Ordinary Joes to Celebs. What’s The Big NFT Craze All About?
October 17, 2021 12:48 AM AEDT| By Daniel Paul JohnsHighlights NFTs are offering a wide range of benefits – from being exclusive collectables covering subject matter including art, music and video to ways where traders can invest and make money Former NBA superstar, Shaquille O’Neil ...
How US employee emergency savings accounts bolstering financial security
October 17, 2021 12:39 AM AEDT| By Sanjeeb BaruahHighlights More US companies have launched employee emergency savings accounts to attract and retain staff members. Taking a cue from the covid crisis, the initiative is expected to provide Americans with an extra layer of financial security i...
A glance at Bitcoin meltdowns in the past
October 17, 2021 12:06 AM AEDT| By Priya BhandariHighlights Bank of England said that cryptocurrencies could pose a systemic risk to global financial system unless governments make some tougher regulations. The cryptocurrency assets have exploded by about 200% in just 2021. Cryptocurrenc...
Weakened momentum in global economic recovery
October 17, 2021 12:00 AM AEDT| By Rini ZachariahHighlights Earlier this week, the International Monetary Fund (IMF) released its outlook for global economic recovery. The headline forecast for global growth, too, has been brought down by 0.1% to 5.9%. The 2022 projections were held the same...
Why LM Funding (LMFA) stock skyrocketed by over 33%?
October 16, 2021 12:20 PM AEDT| By Ipsita SarkarHighlights LM Funding America, Inc. (NASDAQ: LMFA) plans to mine 1200 bitcoins annually, starting from the second quarter of 2022. The company purchased 5000 mining machines for US$31.6 million to date. The stock is up 33.42% to US$4.58...
LinkedIn to shut down service in China, cites ‘challenging’ conditions
October 16, 2021 12:00 PM AEDT| By Sanjeeb BaruahHighlights Microsoft-owned LinkedIn said that greater compliance requirements made it impossible to continue operations in China. LinkedIn will replace the site with a job portal, called InJobs, a stripped-down version, which will not have its...
Wall Street ends higher as financials, consumer stocks lead gains
October 16, 2021 08:25 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed higher for the second consecutive day on Friday, October 15, buoyed by robust quarterly results of financial majors Goldman Sachs and Charles Schwab and others. The S&P 500 rose 0.75% to 4471.37. The Dow Jones rose 1....
Mania to mainstream: In a first, SEC might allow Bitcoin ETF trading
October 16, 2021 04:59 AM AEDT| By Ipsita SarkarHighlights Last month, SEC chair Garry Gensler hinted that Bitcoin Futures ETFs might receive a government nod under a 1940 law. Although many aspiring Bitcoin ETF issuers have lined up since, as many as four are under SEC consideration t...
Can the 1st US Bitcoin ETF take BTC to new peaks?
October 16, 2021 02:39 AM AEDT| By Ankit SethiHighlights The Securities and Exchange Commission (SEC) had earlier approved the Volt ETF that tracks stocks in Bitcoin-related activities Bitcoin’s price has been surging over the past few weeks, likely because investors are banking ...
Is NuCypher (NU) a good investment for near future?
October 16, 2021 01:51 AM AEDT| By Manu ShankarNuCypher (NU) is decentralised encryption software that provides a security and privacy layer for public blockchains. An end-to-end encrypted data sharing platform allows seamless data sharing between multiple participants using proxy re-encryption...
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Can these 5 altcoins help fund holiday shopping?
October 16, 2021 12:30 AM AEDT| By Ankit SethiHighlights It is not Bitcoin that has gained the most this year, many altcoins win in terms of YTD returns. It is best to study the underlying tech of any crypto in order to understand any likely rise or fall in value in the future. Some altco...
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Is Olympus crypto (OHM) a decent investment option?
October 15, 2021 11:44 PM AEDT| By Manu ShankarHighlights Olympus crypto (OHM) is deemed an algorithmic stablecoin protocol to become a stable crypto-native currency. As per CoinMarketCap, OHM was trading at US $989.64 with a 24-hour trading volume of US $466,321,565 and was down 20.75% in ...
Digital gift card retailer Prezzee to be listed on ASX soon
October 15, 2021 08:56 PM AEDT| By Priyanka PayalHighlights Prezzee Pty Limited is considering getting listed on the stock market soon. Studies indicate that the gift-card market could expand from AU$838 billion in 2019 to AU$2.81 trillion by 2027. Prezzee, which operat...
Why Ripple joining the Digital Pound bandwagon could be a gamechanger
October 15, 2021 08:51 PM AEDT| By Manu ShankarHighlights Ripple Foundation on 14 October announced that it would be joining forces with the UK’s Digital Pound Foundation. The Ripple team is expected to work with the Digital Pound Foundation on the technical as well as policy-re...
North Australian Cattle Company now has a new owner
October 15, 2021 08:16 PM AEDT| By Sonal GoyalHighlights North Australian Cattle Company (NAAC) has come out of voluntary administration with new owner. The managing director of NAAC, Ashley James has taken over the NACC. The company went into administration due to disagreement amon...
