News

Will Australia issue a digital currency? Here’s what RBA says
December 09, 2021 11:39 AM AEDT| By AshishHighlights Reserve Bank of Australia (RBA) Governor Philip Lowe ruled out any strong need for a central-bank digital currency. However, Lowe cautiously welcomed the possibility of creation of central-bank digital currency. Lowe said that Austr.....

This crypto coin rose over 15,000% in last one year
December 09, 2021 10:05 AM AEDT| By AshishTerraform Lab’s Luna crypto coin is currently one of the 10 largest cryptocurrencies by market capitalisation (m-cap). Despite the cryptocurrency market witnessing a sell-off recently, which saw prices of major coins such as Bitcoin falling, .....

US stocks close in green for second day straight
December 09, 2021 09:08 AM AEDT| By Rupam RoyBenchmark US indices closed higher on Wednesday, December 8, after the latest economic data showed job openings increased in October, but labor shortage continued. The S&P 500 was up 0.31% to 4,701.20. The Dow Jones rose 0.10% to 35,754.75. The...

World’s richest families got richer in 2021
December 09, 2021 08:33 AM AEDT| By Rupam RoyAs 2021 comes to an end, we explore the wealthiest families of 2021. These families own various businesses ranging from consumer, healthcare to finance companies. Johnson Family (SC) The Johnson (SC) family is the 25th richest family in the world.....

Grove Collaborative to go public in merger with Branson-backed SPAC
December 09, 2021 07:17 AM AEDT| By Sanjeeb BaruahHighlights Grove said it would raise about US$87 million through PIPE (private investment in public equity) linked to the merger. The San Francisco-based startup Grove plans to use the proceeds to develop innovative products for eco-friendly h.....

Holiday shipping deadlines for USPS, UPS & FedEx: All you need to know
December 09, 2021 05:28 AM AEDT| By Team Kalkine MediaHIghlights All major US parcel delivery service providers have released their respective deadlines for shipping packages and cards for Christmas and New Year. “Americans should feel confident sending their holiday cards, mail, and packag.....

Will Ethereum (ETH) price hit US$5,000 before Christmas?
December 09, 2021 04:03 AM AEDT| By Rupam RoyEthereum (ETH) is the second-largest cryptocurrency after Bitcoin (BTC) based on market capitalization. On Wednesday morning, Ethereum (ETH) traded at around US$4,294, while Bitcoin (BTC) traded at around US$49,069. Analysts forecast Ethereum (ETH.....

Cingulate Inc (CING) IPO: How to buy the stock?
December 09, 2021 01:45 AM AEDT| By Rupam RoyHighlights Cingulate is offering 4,166,666 shares of its common stock and warrants. The offering price is US$6 per share. The gross proceeds from the offering are expected to be around US$25 million. Biopharmaceutical company Cingulate In.....

World News in Brief: From Ukraine crisis, Beijing Olympics to Omicron
December 09, 2021 01:08 AM AEDT| By Team Kalkine MediaUS-Russia talks on Ukraine US President Joe Biden held a two-hour virtual meeting with his Russian counterpart Vladimir Putin to discuss Ukraine. Russia’s troop deployment on its border with Ukraine has raised tension. The US intelligence comm...

Is Australia planning to release its own digital currency?
December 08, 2021 09:42 PM AEDT| By Daniel Paul JohnsHighlights Australian Treasurer, Josh Frydenberg, will talk about potential reforms that will be made to the Australian economy, pertaining to cryptocurrency The Treasurer will talk about the ambiguity that regulation and taxation of the crypto.....

IDEX crypto jumps 60% post Coinbase listing
December 08, 2021 08:16 PM AEDT| By Sukriti NairCrypto market seems to be enjoying a rebound, the ‘Coinbase effect’ after several cryptocurrencies listed on the American crypto exchange. COVAL, IDEX, MCO2, POLS, FOX, SPELL, and SUPER, listed on Coinbase on Monday and began trading si.....

Smooth Love Potion crypto rising: How to buy SLP?
December 08, 2021 06:58 PM AEDT| By Raza NaqviHighlights The SLP crypto is available on Axie Infinity, and it can be earned as a reward by playing the game. The SLP tokens have become increasingly popular and are now available on major cryptocurrency exchanges. Notably, SLP to.....
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Why did Cardano soar after SundaeSwap’s testnet launch?
December 08, 2021 05:13 PM AEDT| By Jasmine AnandSundaeSwap, a decentralised exchange on Cardano, has recently launched Cardano’s public testnet, a highly anticipated event in the cryptocurrency market. Related Read: Why is Cardano in news amid falling prices of cryptocurrencies? Source.....

Tezos improves on energy use: What is XTZ coin price prediction?
December 08, 2021 05:04 PM AEDT| By Ankit SethiThat cryptos consume a lot of energy was the theme which dominated 2021. Bitcoin, the largest crypto, was caught in the eye of the storm and lost value after its high power consumption was called out. In this light, a report on energy consumption .....

Crude oil climbs up further as Omicron fear retreats
December 08, 2021 01:26 PM AEDT| By Arpit VermaHighlights Crude oil price climbs nearly 3% on Tuesday. Crude oil prices tumbled during the last week. Saudi Arabia increased the selling price of all crude grades from Sunday. Crude oil price rises nearly 3% on Tuesday, extending the pre.....

Australian Treasurer Announces Crypto Reform Plan
December 08, 2021 12:58 PM AEDT| By Daniel Paul JohnsAustralian Crypto Reforms Australia will be at the front of the pack when it comes to cryptocurrency, according to Australian Treasurer Josh Frydenberg, who has announced a payment and cryptocurrency asset "reform plan". Australian Treasurer An.....

Chainlink (LINK) Crypto: How to buy the token?
December 08, 2021 09:16 AM AEDT| By Rupam RoyHighlights Chainlink (LINK) gave a return of 82.04% YTD. More than 453 million LINK tokens were in the market as of Sept 2021. Chainlink hit an all-time high of US$52.88 on May 9, 2021. Blockchain technology has come a long way since it w.....

US markets close higher, turbocharged by tech, energy stocks
December 08, 2021 08:57 AM AEDT| By Versha JainBenchmark US indices closed higher on Tuesday, December 7, lifted by technology, energy, and consumer discretionary stocks in a turbocharged trading session. The S&P 500 was up 2.07% to 4,686.75. The Dow Jones rose 1.40% to 35,719.43. The NASDAQ...

US mulls swift, tough sanctions to deter Russia from invading Ukraine
December 08, 2021 07:44 AM AEDT| By Sanjeeb BaruahThe Biden administration is considering tough measures, including stopping the Nord Stream 2 gas pipeline project as leverage to deter Russia from invading its southwestern neighbour Ukraine. According to media reports, President Joe Biden on Tues.....

Globalink IPO: How to buy the stock?
December 08, 2021 05:43 AM AEDT| By Rupam RoyHighlights Blank check firm Globalink is offering 10 million units in its initial public offering (IPO). It expects to raise US$100 million in gross proceeds before deducting underwriter's discounts and commissions and other offering expenses. .....