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News
What role does Layer 2 play in the growth of cryptos?
January 16, 2022 12:59 AM AEDT| By Aditi SahaHighlights In recent years, blockchain has emerged as one of the world's most intriguing emergent technologies. Layer 2 is the moniker given to all blockchain scaling solutions that are constructed on a layer behind the blockchain's main net. .....
Bitcoin back under pressure as crypto bear market looms
January 16, 2022 12:55 AM AEDT| By Daniel Paul JohnsHighlights The world’s largest cryptocurrency has recovered slightly to sit slightly above US$42,000 but it’s still a considerable fall from its record high of US$68,500, which it hit a mere two months ago The tightening of poli.....
Why are NFTs valuable?
January 16, 2022 12:34 AM AEDT| By Ankit SethiHighlights Digital arts of Beeple, CryptoPunk, and even first tweet of Jack Dorsey have sold for millions These are all NFTs – meaning their record of sale is stored in blockchain NFTs come with the same ‘overvalued’ issues t.....
US stocks end mixed after gloomy economic data
January 15, 2022 08:00 AM AEDT| By Rupam RoyDow Jones retreated on Friday, January 14, dragged down by the decline in some heavyweight financial stocks after reporting their quarterly earnings results, while gains in the technology stocks fuelled gains in Nasdaq and S&P 500 index. Meanwhi...
What is TrueUSD crypto? TUSD coin getting investor’s attention
January 15, 2022 01:59 AM AEDT| By Rupam RoyHighlights TUSD is a stablecoin for US dollar that is fixed to US$ in the ratio 1:1 The circulating supply of the token is 1.43 billion It reached its all-time high of US$1.36 on May 16, 2018 The TrueUSD (TUSD) token gained attention from.....
What is Propy crypto & why is PRO token soaring?
January 15, 2022 01:47 AM AEDT| By Versha JainPropy (PRO) is now available on Coinbase.com, Coinbase Android and iOS apps. Starting January 14, users can trade, receive, send, and store PRO tokens on Coinbase and Coinbase Pro. Propy is a decentralized marketplace platform for international re.....
Has COVID-19 pandemic proven more hostile to developing economies?
January 15, 2022 01:35 AM AEDT| By Anam SiddiquiHighlights Unlike advanced economies, developing countries would not be able to achieve pre-pandemic economic levels by 2023. As per the WHO, 85% of people in Africa have not received a single COVID-19 vaccine dose, while 36 countries hav.....
Will RBA follow the US Fed & hike rates?
January 15, 2022 01:28 AM AEDT| By Priyabrata PrustyThe US Federal Reserve (US Fed) could start increasing interest rate as early as March 2022 and shrink its balance sheet in response to increasing inflation, said James Bullard, President, Federal Reserve Bank of St. Louis on 06 January 2022. The .....
What is web3? Will it be a big theme in 2022?
January 15, 2022 01:24 AM AEDT| By Priyabrata PrustyHighlights In Silicon Valley, web3 is now the hottest topic of discussion with tech titans fighting about it on social media. Web3, used as the abbreviation of Web 3.0, is an umbrella term that envisions the future of internet. What dist.....
From burger flipper to billionaire: The story of CZ, Binance CEO
January 15, 2022 01:16 AM AEDT| By Aditi SahaHighlights Binance CEO Changpeng Zhao is the world’s wealthiest crypto billionaire. According to Bloomberg, Zhao's net worth is US$96 billion. CZ is ranked 11th among the world's wealthiest people, ahead of Indian tycoon Mukesh Amb.....
Ten Cryptos Trading Below US$1 With Good Utility
January 15, 2022 01:10 AM AEDT| By Daniel Paul JohnsHighlights Amp token offers instant and verifiable assurances for any kind of value transfer Tron provides a network where artists can directly connect with their audience, bypassing centralised networks Hedera’s sustainable public.....
Sports & Health Tech IPO: Tiger Woods-backed SPAC targets $150M tee off
January 15, 2022 12:47 AM AEDT| By Rupam RoyThe blank check company Sports & Health Tech Acquisition has filed for its initial public offering with the US Securities and Exchange Commission (SEC) on Thursday. The firm is primarily targeting the sports and health technology industry and i.....
Should investors worry about Pakistan’s crypto ban?
January 15, 2022 12:32 AM AEDT| By Manu ShankarHighlights According to a document submitted to the Sindh High Court, the Securities and Exchange Commission of Pakistan (SECP), the Federal Investigation Agency of Pakistan (FIA) and the State Bank of Pakistan (SBP) feel that cryptocurrencies c.....
Top 5 NYSE material stocks to follow in 2022
January 14, 2022 11:26 PM AEDT| By Rupam RoyHighlights Sherwin-Williams Company (NYSE: SHW) expects its adjusted diluted net income to be between US$8.35 and US$8.55 per share Freeport-McMoRan, Inc.’s (NYSE: FCX) revenue surged 58% YoY in Q3, FY21 Vulcan Materials Company (N.....
What is Seashell crypto & why this fintech is making waves?
January 14, 2022 08:29 PM AEDT| By Raza NaqviHighlights: Seashell is attracting people as it announced that Seashell Save, a financial application that can offer up to 10 per cent interest to users. Mark Cuban reportedly suggested that consumers consider using Seashell Save to beat the in.....
Has Dogecoin’s bulls outlasted bears' challenge?
January 14, 2022 08:02 PM AEDT| By Manu ShankarAfter weeks of staying in the bearish phase, Dogecoin managed to register a mini rally after Tesla CEO Elon Musk tweeted that his company would accept Dogecoin as payment for merchandise on a test basis. Doge’s bearish phase was expected to r.....
Is housing market going to crash in 2022?
January 14, 2022 08:00 PM AEDT| By AayushHighlights The year 2021 had been one of the best years for housing markets across the globe. The exorbitant rise in housing prices could be majorly attributed to the unprecedented monetary stimulus given by central banks. Mortgage loan compan.....
MANA price prediction: Can Decentraland cross double-digit?
January 14, 2022 06:50 PM AEDT| By Ankit SethiHighlights MANA is one of the biggest metaverse tokens, and it gave good returns in 2021 As of now, it is trading below its ATH, but since cryptos are volatile, nothing is certain Facebook’s meta launch in the near future may bring back .....
Leave SpaceX, Doge may fly to Mars after Elon Musk's announcement
January 14, 2022 06:34 PM AEDT| By Priyabrata PrustyElon Musk, the founder and CEO of electric vehicle (EV) giant Tesla Inc, on Friday, said the company will accept Dogecoin as payment for merchandise on a test basis, triggering a rally in the meme-based cryptocurrency, which jumped over 20% to an i.....
From Toyota to Audi: How leading carmakers are planning to go 100% electric
January 14, 2022 06:24 PM AEDT| By Priyabrata PrustyHighlights Of late, demand for electric vehicles (EV) have been rising with higher fossil fuel price being one of the prime reasons. Global EV sales were expected to cross 6.4 million in 2021, up 26% over 2020. Volkswagen in its bid to challen.....
