News

Can you cash out your crypto?
November 18, 2021 02:44 PM AEDT| By Daniel Paul JohnsCryptocurrency is fast developing into a mainstream asset class along with stocks and commodities. Although volatile and risky given its lack of legislation and regulation, there’s no denying that 2021 has seen a whole bunch of people get ric.....

Is crypto bull run over? Losses cross $400 billion
November 18, 2021 01:50 PM AEDT| By Daniel Paul JohnsHighlights Bitcoin is now valued at US$59,894 following its record high of almost US$69,000 last week The Perth Heat entered into a sponsorship deal with OpenNode – a Bitcoin payment company Money has been injected into DeFi projects suc.....

Crude oil hits six-week low on recuperated supply concerns
November 18, 2021 01:09 PM AEDT| By Arpit VermaHighlights Crude oil prices slumped on Wednesday. The US urged other major oil consumers like Japan and China to consider a coordinated release of oil reserves to bring down oil prices. The US has considered announcing an emergency release of .....

Braze IPO: BRZE stock jumps 36% in market debut. How to buy it?
November 18, 2021 10:09 AM AEDT| By Versha JainHighlights Braze, Inc. (BRZE) offered 8 million shares in its IPO. The offering price for the IPO was US$65. The firm reported revenue of US$103.63 million for the six months that ended on July 31, 2021. The Braze, Inc. (NASDAQ: BRZE) sto.....

US stocks retreat after lacklustre session
November 18, 2021 09:00 AM AEDT| By Versha JainThe benchmark US indices closed in the red on Wednesday, November 17, after most stock segments declined in a lacklustre session. The S&P 500 declined 0.26% to 4,688.67. The Dow Jones fell 0.58% to 35,931.05. The NASDAQ Composite was down...

Bitcoin mining firm Iris Energy IPO: Here’s how you can buy IREN stock
November 18, 2021 08:32 AM AEDT| By Versha JainHighlights Iris Energy Limited (NASDAQ: IREN) stock debuted in NASDAQ on Wednesday at US$28.0 per share, above its listing price range. The Bitcoin mining company uses a renewable energy source for mining. The company booked a loss of US$490 m.....

700% gain in 24 hours: Angry Squid is not angry anymore!
November 18, 2021 03:41 AM AEDT| By Kiara KhannaAnother crypto linked with the phenomenal squid game is making waves in the crypto market. Angry Squid (AngrySquid) is up 699.66 per cent in the last 24 hours as of Wednesday, November 17. The token is trading at US$ 0.0003181 with a 24-hour trading...

UserTesting IPO: Offering price of USER stock revealed
November 18, 2021 01:33 AM AEDT| By Raza NaqviHighlights UserTesting, Inc. is offering 10 million shares of its common stock to investors The firm is expected to start trading November 17 It plans to get listed on the New York Stock Exchange (NYSE) The provider of video-first SaaS pl.....
.jpg)
Binance crypto ad: Appeasing regulators or advocating future?
November 17, 2021 11:23 PM AEDT| By Manu ShankarThe crypto world is changing every day. A recent advertisement by the world's leading exchange, Binance, created some flutter in the market sending out a message or two for the regulators. 'Crypto belongs to everyone'. 'Crypto regulation is inevita.....

Top 11 crypto personalities to keep an eye on as we enter 2022
November 17, 2021 10:19 PM AEDT| By Ankit SethiNot every invention picks pace on its own. New products often need some patronage from famous people to find more backers. Today, companies involve sportspersons, movie stars and social media influencers to sell the product. The endorsement indust.....

How To Avoid A Crypto Rug Pull?
November 17, 2021 08:02 PM AEDT| By Daniel Paul JohnsHighlights If you research some of the top cryptos by market capitalisation, you’ll notice that they have one thing in common: a research and development team In addition to a sophisticated and fully functioning website, legit token.....

Women use telehealth services more than men: ABS
November 17, 2021 07:09 PM AEDT| By Priyanka PayalHighlights The 2020-21 Patient Experience Survey reveals that females were more likely to use telehealth services than males. The ABS revelations which came today state that, those with a long-term health condition (40.1%) were more likel.....

Why does Ukraine want to be the world’s crypto capital?
November 17, 2021 06:06 PM AEDT| By Jasmine AnandUkraine, which is one of the poorest nations across Europe, has witnessed many financial scandals within its shores. It now aims at economic revival and wants to transform itself to be a newfound destination for international money and hence, is be.....

Watch out for Amazon’s first robotics warehouse in Australia
November 17, 2021 05:54 PM AEDT| By Priyanka PayalHighlights Amazon is all set to open Southern Hemisphere’s first Amazon Robotics fulfilment Centre (FC) in Western Sydney early next year. The Company believes that the Robotics site will generate 1,500 jobs for the local people. .....

Next Evergrande in the making? China’s HSR is in trouble
November 17, 2021 04:19 PM AEDT| By Kiara KhannaFirst, it was Coronavirus, then came the Evergrande shock. It seems China is brewing a new trouble story every day. China’s first high-speed rail (HSR) service, which commenced in the year 2009, seems to have entered a debt trap. China’s...

Billions Wiped Off Crypto Value; Binance released 'crypto bill of rights'
November 17, 2021 01:16 PM AEDT| By Daniel Paul JohnsBitcoin News The crypto market has taken a massive hit overnight, losing US$200 billion in value, with some cryptos, including Bitcoin, losing more than ten per cent from their recent highs. Bitcoin – the world’s largest cryptocurrenc.....

Oil settles mixed on tight stocks & demand slumps amid rising COVID-19 cases
November 17, 2021 01:08 PM AEDT| By Arpit VermaHighlights Crude oil settled mixed on Tuesday. The US crude stocks were anticipated to rise in the fourth consecutive week. OPEC and its allies reduced their crude oil demand forecast by 330,000 for the last quarter of 2021. Crude oil pri.....

US stocks close higher on upbeat retail sales data
November 17, 2021 09:00 AM AEDT| By Versha JainBenchmark US indices closed higher on Tuesday, Nov 16, after the latest economic data showed retail sales rose to their highest level since March this year. The S&P 500 rose 0.39% to 4,700.90. The Dow Jones was up 0.15% to 36,142.22. The NASDAQ...

Will Biden’s US$1 tr new infra law impact crypto market?
November 17, 2021 07:46 AM AEDT| By Ipsita SarkarPresident Joe Biden signed a US$1.2 trillion bipartisan infrastructure bill into law on Monday after more than a year of discussions with lawmakers. Besides improving the infrastructure, it is expected to spur economic growth and create jobs. Of .....

JPMorgan files US$162 mn lawsuit against Tesla for contract breach
November 17, 2021 07:12 AM AEDT| By Versha JainHighlights JP Morgan has filed lawsuit against Tesla Inc. in a Manhattan federal court for breach of contract. Tesla’s stock grew more than 10 times since JP Morgan’s warrant price adjustment in 2018. JP Morgan stock price remained.....