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News
Why is HMRC’s new DeFi lending tax policy dubbed ‘unnecessary burden’?
February 04, 2022 03:09 AM AEDT| By Manu ShankarHighlights Britain’s tax agency, Her Majesty’s Revenue and Customs (HMRC), is bringing down the gavel on DeFi lending and staking rules which could have an impact on the development of innovation in the Decentralized Finance se.....
Why is Immutable X (IMX) crypto trending today?
February 04, 2022 02:25 AM AEDT| By Manu ShankarThe Immutable X (IMX) token is primarily a Layer-2 protocol that is powered by the Ethereum blockchain network. IMX positions itself in such a manner that it is able to ease Ethereum’s problems of limited scalability, illiquidity, and poor us.....
Jeff Bezos gets Dutch bridge dismantled to make way for his yacht
February 04, 2022 01:12 AM AEDT| By Sanjeeb BaruahAmazon.com, Inc (AMZN) founder Jeff Bezos is bearing the cost of taking apart a historic Dutch bridge so his US$485-million superyacht can pass, it was revealed this week. Rotterdam officials agreed to dismantle the steel Koningshaven bridge that .....
Why is FORTH crypto making headlines?
February 04, 2022 12:22 AM AEDT| By Manu ShankarAmpleforth (FORTH) is primarily a stablecoin whose value is pegged to the US Dollar. As a decentralised finance (DeFi) platform, the FORTH crypto is powered by the Ethereum platform, which allows the holders of the token to vote on protocol’s.....
Meta ceases Diem: What does Facebook token’s end mean for crypto space?
February 04, 2022 12:05 AM AEDT| By Ankit SethiOne of the key pillars of the cryptocurrency world is sentiments. A single tweet from a personality like Tesla’s CEO Elon Musk can trigger a wild swing in the price of a crypto asset. At least for now, more than fundamentals, sentiments decid.....
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Cost of living crisis: Bank of England expected to hike interest rates
February 03, 2022 11:57 PM AEDT| By Priya BhandariHighlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursday to curb the pressure of surging inflation. Energy regulator Ofgem has said that the energy pric.....
How long will IDEX crypto’s bullish run last?
February 03, 2022 10:26 PM AEDT| By Manu ShankarIDEX crypto’s bullish run continues for the second day as it was up by over 80% on 3 February. IDEX has been attracting significant investor interest as well and also witnessed a significant volume gain of well over 700%. The IDEX crypto&rsq.....
What is Pocket Network & POKT crypto’s price prediction?
February 03, 2022 08:03 PM AEDT| By Ankit SethiHighlights Not just Ethereum and Fantom, some low market cap blockchains are also competing in the DApps space Pocket Network is a protocol that claims to bring real “decentralization” to blockchains The POKT crypto ranks low.....
Why is OOKI crypto price up & how to buy this token?
February 03, 2022 07:09 PM AEDT| By Raza NaqviHighlights: Notably, the 24-hour volume of OOKI crypto has catapulted over 1300 per cent to $223.8 million. The OOKI crypto is the native token of Ooki Protocol, and it can be used for staking purposes. According to the protocol's whitepaper, .....
Wormhole crypto: How hackers bent space-time to steal ETH
February 03, 2022 06:39 PM AEDT| By Ankit SethiHighlights Incidents of hacking of decentralized finance protocols have made headlines in 2022 Wormhole, a bridge between blockchains, has become the latest target of a multi-million-dollar heist The Wormhole crypto project’s hacking shi.....
Why has El Salvador rejected IMF’s advice to give up Bitcoin use?
February 03, 2022 03:49 PM AEDT| By Jasmine AnandHighlights El Salvador has dismissed the IMF’s call to drop Bitcoin’s legal status. Its Finance Minister says El Salvador has complied with all the rules related to financial transactions and money laundering. Negations for funds w.....
US stocks close higher after strong Alphabet (GOOGL) earnings
February 03, 2022 10:23 AM AEDT| By Versha JainBenchmark US indices closed higher on Wednesday, February 2, after tech giant Alphabet Inc’s strong quarterly earnings the day before, lifted by the robust internet ad sales. The S&P 500 rose 0.94% to 4,589.38. The Dow Jones gained 0.63% t...
Top 50 stocks on S&P 500 Index (Part II)
February 03, 2022 09:50 AM AEDT| By Versha JainHighlights PepsiCo will release the fourth quarter and full-year 2021 earnings on Feb 10, 2022. Cisco Systems earned a net income of US$2.98 billion in the quarter ended Oct 30, 2021. Eli Lilly & Company will announce its Q4 .....
Top 50 stocks on S&P 500 index (Part I)
February 03, 2022 08:35 AM AEDT| By Rupam RoyHighlights Apple Inc. (NASDAQ: AAPL) returned over 30% gains in the past 12 months. Meta Platforms, Inc. (NASDAQ: FB) is expected to release its Q4 and fiscal 2021 results on February 2 after market closes. Bank of America Corporation (NYSE: B.....
Is Black Rifle Coffee Company going public?
February 03, 2022 07:27 AM AEDT| By Rupam RoyHighlights SilverBox said its merger with Black Rifle's parent company Authentic Brands LLC might close on February 9. SilverBox’s Executive Chairman Joe Reece said the company is thrilled to merge with Black Rifle and help accelerate.....
What is crypto mining and how does it work?
February 03, 2022 06:23 AM AEDT| By Rupam RoyHighlights Crypto mining uses the proof-of-work (PoW) consensus mechanism. Mining requires powerful GPUs (graphics processing units). Crypto mining has been a boon for GPU manufacturers. For those unfamiliar with the term "crypto mining",.....
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Should you follow what celebrities say about cryptocurrencies?
February 03, 2022 05:54 AM AEDT| By Versha JainCryptocurrency is one of the most discussed subjects today. These conversations are no longer limited to regulators or fanatical crypto fans but pervaded into the broader public sphere. No wonder all sorts of opinions regarding cryptocurrency, fro.....
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Investors jittery after PayPal’s (PYPL) dim forecast, eBay deals reduce
February 03, 2022 04:18 AM AEDT| By Rupam RoyHighlights PayPal’s total payment volume increased by 23% YoY in the fourth quarter of FY21. The revenue climbed 13% YoY in the same period. But it provided weak guidance for the first quarter of fiscal 2022. Payment processing comp.....
What makes PathFund (PATH) crypto a unique auditing launchpad
February 03, 2022 02:21 AM AEDT| By Manu ShankarPathFund is a decentralized token that aims to deliver crypto-based solutions for individuals and enterprises. The main priority of the project is to make the interaction between an individual and the crypto world easier. Operating as a cryptocurr.....
Four biggest crypto pyramid schemes that rocked the market
February 03, 2022 01:29 AM AEDT| By Manu ShankarThe cryptocurrency market has established itself as a force to reckon with taking the world by storm. Despite its high volatility and issues related to market manipulation, its adoption is increasing by the day. The global crypto market cap is abou.....
