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News
Crude oil dips on strong dollar and oversupply concerns
December 15, 2021 12:55 PM AEDT| By Arpit VermaHighlights Crude oil price tumbled on Tuesday. Producer prices reached 11-year highs on Tuesday. Governments across the globe are trying hard to put restrictions to curb the spread of the Omicron variant. Crude oil prices tumbled to nearl.....
3 global metaverse stocks to look at in 2022
December 15, 2021 12:14 PM AEDT| By AshishThe metaverse, a virtual reality-powered version of the internet, is the new buzzword in the internet technology space all across the globe. The virtual space within digital environments, including online games and social media, is being seen .....
Bitcoin holders risk losing ‘everything’, Bank of England warns
December 15, 2021 10:13 AM AEDT| By AshishWhile Bitcoin has only been around for just over a decade, it has already garnered a reputation as an investment craze. The exchanges across the world say that the average age of investors has fallen even as their investments have gone up – c.....
Apple hits US$3 Trillion milestone; US stocks slip on a consecutive day
December 15, 2021 08:09 AM AEDT| By Versha JainBenchmark US indices continued retreating on Tuesday, December 14, ahead of Federal Reserve’s policy decision on Wednesday after a two-day meeting. The central bank is expected to wind down the bond purchase faster than anticipated next year.&n...
Apple becomes world's first $3 trillion market cap company
December 15, 2021 04:16 AM AEDT| By Rupam RoyApple crossed the market capitalization of US$3 trillion Tuesday, December 14, after an astonishing run over the past decade, marking itself as the world's most valuable company. The iPhone manufacturer hit US$3 trillion from US$2 trillion in market...
What is Decentralized Social crypto? DeSo coin hits all-time high
December 15, 2021 03:39 AM AEDT| By Rupam RoyThe year 2021 has witnessed a rally of digital currencies. While various cryptocurrencies have reached their record highs, many have debuted in the market after initial coin offerings. Investors also cheered on cryptos for the returns the digital c.....
20 Canadians who are influencing crypto space big time
December 15, 2021 01:08 AM AEDT| By Raza NaqviBlockchain technology and cryptocurrencies are increasingly becoming mainstream across the world. In 2021, Bitcoin crossed the 60,000 dollar mark and the market cap of the cryptocurrency industry is over US$ 2 trillion. As the industry is expecte.....
25 Canadians who are influencing crypto space big time
December 15, 2021 01:08 AM AEDT| By Raza NaqviBlockchain technology and cryptocurrencies are increasingly becoming mainstream across the world. In 2021, Bitcoin crossed the 60,000 dollar mark and the market cap of the cryptocurrency industry is over US$ 2 trillion. As the industry is expecte.....
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Dogecoin rallies on Tesla announcement: Can DOGE hit $1 by 2021?
December 14, 2021 11:38 PM AEDT| By Manu ShankarOn a day when crypto market is seeing a torrid run, Elon Musk came to rescue the market with a massive announcement. The Tesla Inc. chief announced via tweet that the electric carmaker will be accepting Dogecoin (DOGE) as a mode of payment. .....
Can Tesla's Dogecoin acceptance revive crypto market spirit?
December 14, 2021 11:31 PM AEDT| By Raza NaqviHighlights Elon Musk has tweeted that Tesla will allow its customers to buy some merchandise with Dogecoin. The price of Dogecoin (DOGE) cryptocurrency jumped 30 per cent to US$ 0.21 after Elon Musk’s announcement. Earlier this yea.....
What is RTFKT & why is Nike acquiring this company?
December 14, 2021 08:44 PM AEDT| By Raza NaqviNike Inc. (NYSE:NKE) announced on Monday, December 14, that it is acquiring virtual sneaker company RTFKT. One of the most well-known shoemakers in the world, Nike did not disclose the amount of the deal, however, this move could be to become bette.....
Swimming upstream: How Revain survived the crypto crash overnight
December 14, 2021 08:28 PM AEDT| By Daniel Paul JohnsHighlights While the wider market has been taking a dive, one lesser-known crypto has been bucking the trend - Revain (REV) Revain was the first platform to combine the features of traditional review sites, like Yelp, and blockchain technology .....
What led to MARVIN meme coin’s price surge recently?
December 14, 2021 05:36 PM AEDT| By Jasmine AnandHighlights MARVIN, a relatively new crypto, experienced exponential growth of more than 4,000% Sunday. The dog-based meme currency has been inspired by Tesla’s CEO, Elon Musk’s pet, bearing a similar name. It seems that MARVIN is a.....
Contact (NZX:CEN): What is its latest monthly report all about?
December 14, 2021 03:14 PM AEDT| By SonalHighlights Contact Energy released its operating report for November 2021 on Tuesday. The Group’s customer business recorded mass market electricity and gas sales of 299 GWh in November 2021. CEN plans to transition NZ into a fully renew.....
Crypto Catch: Bitcoin sinks to US$47,000; 90% of Bitcoin Mined
December 14, 2021 01:43 PM AEDT| By Daniel Paul JohnsBitcoin and Other Cryptos Fall Bitcoin’s price has continued to recede despite a brief rise above US$50,000 yesterday. The world’s top crypto dipped to US$47,000 this morning after losing nearly seven percent overnight. This was follo.....
Omicron fear dampens oil demand
December 14, 2021 01:31 PM AEDT| By Arpit VermaHighlights Crude oil price eased on Monday. More than 60 countries across the globe have shown a very high global risk. Governments across the globe including Norway and Britain were tightening restrictions to curb the spread of the virus. .....
Ripple's co-founder wants Bitcoin miners to move to energy-efficient algorithm
December 14, 2021 09:32 AM AEDT| By AshishObtaining Bitcoin is an energy-intensive endeavour as its mining requires a significant amount of energy. As a result, critics question the future of digital assets and single out carbon emissions from the mining. However, Ripple co-founder Chris L.....
US stocks retreat ahead of Fed meeting
December 14, 2021 08:27 AM AEDT| By Rupam RoyBenchmark US indices drifted on Monday, December 13, as investors stayed away from the risky bets ahead of the Fed's two-day policy meeting starting Tuesday, December 14. In addition, worries over the Omicron coronavirus variant have also raised inve...
Olympus (OHM) crypto rallies after falling for a week
December 14, 2021 07:12 AM AEDT| By Versha JainHighlights Olympus (OHM) surged 8.97% on Monday at 8:06 am ET. OHM’s price fell around 45.8% in the last 30-days. Olympus Pro launched Cohort 4 last week, where it added six new partners, namely Keep3r Fixed Forex, Ichi, Sandclock, .....
Elon Musk lands Time magazine’s person of the year for 2021
December 14, 2021 06:27 AM AEDT| By Versha JainHighlights Elon Musk’s Tesla is the top player in the EV market and has around two-thirds of the market. In April 2021, SpaceX won a NASA contract to send US astronauts to the moon after 1972, for the first time. In 2018, Mr. Musk.....
