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News
US stocks close flat after inflation data
October 14, 2021 08:58 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed flat on Wednesday, October 13, after government data showed inflation rose in September, increasing the possibility of stimulus tapering sooner than expected. The S&P 500 was up 0.30% to 4,363.80. The Dow Jones stayed...
US inflation exceeds forecast; food, rent, cars get more expensive
October 14, 2021 05:51 AM AEDT| By Sanjeeb BaruahUS consumer prices jumped across the board in September from food, home rent, cars to electronics items, thanks to inflation which outpaced analysts’ expectations. The Labor Department’s latest Consumer Price Index (CPI) figures are li...
Can Bitcoin investment fund festive spending this holiday season?
October 14, 2021 04:46 AM AEDT| By Ankit SethiHighlihghts There is qualitative as well as quantitative data that point to a likely Bitcoin appreciation from hereon. Altcoins too have gained immensely in 2021, and their appreciation could indirectly trigger interest in BTC. BTC entered Mar...
What next can Mt. Gox investors expect?
October 14, 2021 03:24 AM AEDT| By Manu ShankarHighlights For the civil rehabilitation plan to be passed, at least 50% of the voting shares would have to be in affirmation. If the plan does indeed go through, creditors will be partially compensated for the lost funds either in Yen, Bitcoin ...
Coinbase joins the NFT bandwagon, to launch its marketplace
October 14, 2021 02:00 AM AEDT| By Manu ShankarHighlights Coinbase said that it would launch the Coinbase NFT and allow minting, purchasing, showcasing, and discovering NFTs through its platform. Coinbase aims to create a platform that provides the artists and fans with a unique marketplace...
10 cryptocurrency projects to keep an eye on
October 13, 2021 11:38 PM AEDT| By Ankit SethiHighlights One of the below-mentioned cryptos infuses blockchain tech into gaming, and another aims to inject web speed into the technology. Not every crypto asset is the same, despite the blockchain tech underpinning each one of them. ...
Bitcoin’s mystery whale keeps everyone guessing: What we know so far
October 13, 2021 11:08 PM AEDT| By Manu ShankarTuesday was a busy day for Bitcoin & Co. in the crypto market. After rallying for weeks, Bitcoin started trading on a slow note, after closing at US$ 57,484.79 on the previous day, October 11. As the day progressed, Bitcoin was hovering slightl...
Will STX crypto breach $3 in 2021 & what is its price prediction?
October 13, 2021 10:21 PM AEDT| By Raza NaqviHighlights STX crypto gained momentum in the last 24 hours as it recorded an increase in its price and one-day volume. STX is the native token of Stacks, a decentralized network, and it is used to power the platform. STX crypto had clock...
Is Request Crypto (REQ) a good investment? Know price prediction
October 13, 2021 08:41 PM AEDT| By Manu ShankarHighlights The Request crypto, which operates on the Ethereum protocol, is the utility token of the Request network. Operating as a decentralized payment system, the Request network allows users to send or receive money seamlessly and securely....
What is proton (XPR)?
October 13, 2021 04:25 PM AEDT| By Jasmine AnandWith a massive rise in the popularity of Bitcoin, many tech-savvy investors are keen to invest in the crypto market. This has given a rise to the advent and creation of many new cryptos, equipped with the latest and unique features. One such new cr...
Can Crypto Ever Go Green?
October 13, 2021 04:22 PM AEDT| By Daniel Paul JohnsAs the popularity of cryptocurrency has increased over the past couple of years so too has concerns regarding its impact on the environment. In particular, Bitcoin’s mining practices raised eyebrows earlier this year when it was found that i...
India’s power grids are struggling to meet the resurgent energy demand
October 13, 2021 01:20 PM AEDT| By Arpit VermaIndia has faced a persistent shortage of electricity since the beginning of October as the country’s power plants were unable to fulfill the rising electricity demand as the economy rebounds after last year’s coronavirus recessions. Th...
Crude oil steadies after recording a mind-blowing rally
October 13, 2021 12:56 PM AEDT| By Arpit VermaHighlights Crude oil prices were steady on Tuesday after recording a mind-blowing rally. Power prices in various parts of the world surged including Asia and Europe to record high levels. The International Monetary Fund squeezed its growth for...
Five apps to get you started with crypto mining
October 13, 2021 12:06 PM AEDT| By AayushCryptocurrency mining has become the new craze among youngsters. As China is cracking down on crypto mining, other areas are witnessing a boom in mining activities. Cryptocurrency mining is simply a process of generating more cryptocurrencies into ...
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US stocks close in red amid inflation concerns
October 13, 2021 09:20 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed lower on Tuesday, October 12, dragged down by bluechip technology and healthcare stocks as investors trudged cautiously amid inflation concerns. The S&P 500 fell 0.24% to 4,350.65. The Dow Jones fell 0.34% to 34...
Nine inflation-protected ETFs to consider amid skyrocketing prices
October 13, 2021 06:59 AM AEDT| By Sanjeeb BaruahHighlights As inflation concerns hover, some investors turn to inflation-protected ETFs. ETF funds netted over US$647.8 billion in the third quarter this year, as per ETF.com. The inflow was US$66.8 billion in August, while in September, it fe...
US job openings fall to 10.4 mn, voluntary quits surge in August
October 13, 2021 04:57 AM AEDT| By Sanjeeb BaruahHighlights Job openings dropped by 659,000 to 10.4 million in August. Voluntary resignation from jobs rose by 242,000 to 4.3 million. August saw the biggest drop in hirings in eight months. A record number of Americans have quit their job...
Why Tether’s alleged scam could wreak havoc on crypto market if true?
October 13, 2021 02:50 AM AEDT| By Ankit SethiRisk is inherent in crypto trading. But most crypto enthusiasts believe this risk relates to volatility alone. The price of any crypto asset can swing in double digits overnight, and even the biggest cryptos like BTC and Ether aren’t immune t...
ARPA: The blockchain that secures, isolates data at the same time
October 13, 2021 01:51 AM AEDT| By Manu ShankarHighlights ARPA is one of the blockchain-based Layer 2 protocol, which provides a solution for privacy-preserving computation. ARPA’s MPC protocol not only keeps the data private and secure, but it can also analyse the data and extract sy...
Can Bitcoin surpass Apple’s market cap in 2022 after it did Facebook?
October 13, 2021 12:25 AM AEDT| By Ankit SethiBitcoin dominates headlines. The digital currency’s rise has spawned altcoins like Ethereum’s Ether and Dogecoin. According to CoinMarketCap, Bitcoin had a nearly 47 per cent share in the combined market cap of the cryptocurrency world ...
