News

Just How Tethered is Tether?

Summary Tether is what’s known as a ‘stablecoin’ which is a crypto somehow tied to an external source like currency or precious r...

10 Takeaways From The New Zealand Budget 2021

The New Zealand government has released its budget for 2021, which it has dubbed as "Wellbeing Budget" because it was established in response to...

Is the wild ride still on for these five cryptocurrencies?

Summary 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...

Is US getting ready to tighten monetary policy? Fed drops hawkish hi...

Summary The Fed has said that it would tighten the monetary policy, if the economy improves. The Fed hints at truncating its bond purchases progra...

Five cryptocurrencies that lost more than 50% in 24 hours

The cryptocurrency market has collapsed – marking its biggest single day loss in history. Bitcoin crumbled by 30% while Ethereum plummeted 44% -...

What Could Be Focus Areas As Robertson Delivers New Zealand’s Budget...

Summary Grant Robertson will unveil NZ’s budget at 2pm on Thursday. Robertson had indicated that this year budget would be a recovery and we...

What To Expect From New Zealand’s Budget 2021?

Summary What can be expected from Budget 2021? What provisions for healthcare, vaccine, and education is it going to provide? How will Budget 202...

Six Major Gold Miners with Massive Reserves

Summary Gold prices have been edging higher over the weaker US dollar and growing inflationary pressure. China, Russia, Australia, Canada, and the...

Coinbase Stock Hits Record Low As Bitcoin Nosedives

Summary Coinbase stock marked its record low of US$208 in Wednesday’s trading. Bitcoin plunged as much as 29 percent before regaining some o...

US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall

US stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors...

Canada’s OSF Digital Acquires NZ’s Adept Group To Enhance Its Presen...

Summary Canadian OSF Digital has acquired Adept Group, which has offices located in Auckland and Wellington. Both the companies will draw mutual b...

BofA Joins Amazon, McDonald’s In Raising Minimum Wage

Bank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NAS...

Finally, There’s Bitcoin Pizza. But It Doesn't Accept Bitcoin!

Bitcoin has been in the spotlight lately. Despite the volatile nature of the digital currency, crypto enthusiast Anthony Pompliano has come up with a...

Crypto Market Crashes! US$1 Trillion Wiped Off In 5 Days

Virtual currencies plummeted sharply on Wednesday, May 19, leading to a massive sell-off in worldwide crypto markets. Prices of top crypto coins like...

What do Rising Bond Yields Indicate About the Economy?

Summary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowd...

100,000 dead in a month: COVID-19 continues relentless onslaught in...

The raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the tot...

APAC markets a sea of red; ASX200 bleeds AU$40 billion

The markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country&rs...

Waikato DHB latest to be hit by cyberattack

A cyberattack on a New Zealand public health provider knocked off information systems at 5 hospitals, causing some elective procedures to be canc...

Cannabis-Based Company Bags Carbon Efficiency Certification

Summary Cannabis-based Company receives carbon efficiency certification. It paves way for eco-friendly cannabis production in the country. Settin...

Auditor General Advises NZ Government To Ramp Up COVID-19 Vaccinatio...

Summary New Zealand needs to increase its momentum of the vaccine roll-out, says Auditor General. The Government must thoroughly work on contingen...