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Why is Avalanche crypto catching the eye of investors?
August 27, 2021 06:18 PM PDT| By Sanjeeb BaruahHighlights Avalanche prices surged 7.31 percent as SushiSwap joins its program, Avalanche Rush. Aave and Curve, the DeFi applications, had joined the program earlier. Avalanche price rose by 251 percent since August 1. Cryptocurrency Ava.....
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Roundhill ‘MEME’ ETF makes a buzz after SEC filing
August 27, 2021 06:10 PM PDT| By Ipsita SarkarHighlights Roundhill Investments on Thursday filed for a Roundhill MEME ETF under the ticker ‘MEME’. The ETF will track the Solactive Roundhill Meme Stock Index. The MEME ETF will have an expense ratio of 0.69%. The meme stock.....
Which are the top US banks investing in cryptocurrency, blockchain?
August 27, 2021 12:00 PM PDT| By Sanjeeb BaruahHighlights Bank of New York Mellon Corp. (NYSE: BK) invested US$321 million in blockchain projects. Citigroup Inc. (NYSE: C) has invested US$279 million in 14 cryptocurrency companies. UBS Group AG (NYSE: UBS) invested US$266 million in crypto.....
Are you an NFT fan? Check out these seven hot NFTs in the market
August 26, 2021 01:13 PM PDT| By Ipsita SarkarHighlights The Non-Fungible Tokens (NFTs) are unique; buyers get their ownership rights, but copyrights remain with the creators. People can buy or sell NFTs using cryptocurrencies on various platforms. NFTs are like digital collectibles; howe.....
Are these six blue-chip stocks primed to lead the banking recovery?
August 26, 2021 07:50 AM PDT| By Sanjeeb BaruahHighlights American Express Co’s (AXP) total revenue was US$10.3 billion in Q2, 2021. Bank of America Corp (BAC) reported an income of US$9.2 billion in Q2, 2021. Visa Inc’s (V) gross profit was US$4.8 billion in Q2 this year. .....
Seven hot blockchain ETFs to explore as crypto market heats up
August 25, 2021 10:02 AM PDT| By Sanjeeb BaruahHighlights Siren Nasdaq NexGen Economy ETF (BLCN) traded at US$41.21 in the premarket session on August 25. First Trust Indxx Innovative Transaction & Process ETF (LEGR) has an AUM (assets under management) of US$120,610. VanEck Vectors Di.....
What is crypto mining and how do they affect carbon footprint?
August 24, 2021 11:28 AM PDT| By Sanjeeb BaruahHighlights Miners mine the crypto coins from virtual rigs using codes through a mathematical process. A traditional banking institution's activities are governed by a centralized agency, whereas such an organization does not monitor cryptocurre.....
Visa Inc (V) joins crypto craze, buys Cyptopunk NFT for US$150,000
August 23, 2021 01:06 PM PDT| By Team Kalkine MediaHighlights Visa Inc has said that it bought a CryptoPunk NFT for US$150,000. The non-fungible tokens (NFTs) are considered digital collectibles due to their unique non-fungible features. Visa Inc bought a green-eyed female figurine of CryptoPu.....
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BlackRock invests US$382 mn in Marathon Digital, Riot Blockchain
August 23, 2021 08:50 AM PDT| By Sanjeeb BaruahBlackRock (NYSE BLK), the world’s leading asset manager, has invested over US$382 million in the Bitcoin mining companies Marathon Digital Holdings (Nasdaq: MARA) and Riot Blockchain (Nasdaq: RIOT). BlackRock now owns 6.71 percent or US$207 .....
What is a cryptocurrency consultant?
August 21, 2021 06:51 AM PDT| By Team Kalkine MediaHighlights Cryptocurrency consultant is not an accredited designation. The cryptocurrency market is all digital and susceptible to hacking. Investors are required to do their research before investing. A consultant is someone who provides.....
Coinbase looks to beef up crypto investment, enter Japanese market
August 20, 2021 10:11 AM PDT| By Sanjeeb BaruahCryptocurrency exchange Coinbase Global, Inc. (NASDAQ: COIN) plans to earmark 10% of its quarterly net income into crypto assets as it forays into the Japanese digital currency market in partnership with the Mitsubishi UFJ Financial Group (MUFG).&n.....
Will these five financial value stocks beat the economic blues?
August 16, 2021 10:59 AM PDT| By Team Kalkine MediaWhen we hear the words "financial sector," the first thing that comes to our mind is banks. Although banks form a significant part of the sector, non-traditional banking firms, like payment apps or fintech companies, also offer a range of similar s.....
Five digital payment stocks to explore amid e-commerce boom
August 13, 2021 05:58 PM PDT| By Team Kalkine MediaDigital payment companies enable users to make payments easily from anywhere and at any time. Consumers make digital payments while purchasing goods or services through various electronic devices. Let’s look at five digital payments stocks d.....
In the Spotlight: Three financial stocks to consider in August
August 09, 2021 08:53 AM PDT| By Team Kalkine MediaSummary SVB Financial Group (Nasdaq: SVB) reported total revenue of US$751 million in Q2 this year. Principal Financial Group Inc (Nasdaq: PFG) reported a net income of US$361.8 million in Q2 this year. Fifth Third Bancorp’s (Nasdaq: FIT.....
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What is Harvest Finance?
August 09, 2021 11:23 PM AEST| By Suhita PoddarHarvest Finance is an automated yield farming protocol for investors who are willing to go for high-producing farming investment prospects. FARM protocol allows farmers who invest in cryptocurrencies to reap profit from DeFi (decentralized finance).....
Where to park money? Three high-yield savings accounts worth exploring
August 02, 2021 04:49 PM PDT| By Team Kalkine MediaAll savings accounts pay an interest rate for the money kept in the account. The more is the interest rate, the higher is the growth of your savings. Many online banks offer higher rates than the brick-and-mortar banks like Wells Fargo, JP Morgan C.....
All eyes on Square Inc, Afterplay Ltd after US$29 billion deal
August 02, 2021 09:55 AM PDT| By Team Kalkine MediaThe Square, Inc. (NYSE: SQ) stock was trending on Wall Street and Google and other sites on Monday, a day after it revealed plans to acquire the Australian buy now pay later (BNPL) services company Afterpay Ltd. (ASX: APT) for US$29 billion. Squar.....
Banking on Banks: Five hot bank stocks based on earnings to explore
July 28, 2021 11:34 AM PDT| By Team Kalkine MediaSummary Goldman Sachs (NYSE: GS) net income applicable to common stockholders in Q2 was US$ 5.35 billion, a vast 2614% up YOY. Citigroup, Inc. (NYSE: C) net income increased nearly 487% YOY. The stock price surged 33% in one year. Wells Fargo .....
Square, Paypal stocks on investors’ radar ahead of Q2 earnings
July 26, 2021 11:44 AM PDT| By Team Kalkine MediaFintech stocks are companies that use technology to provide financial services. For example, they use software and digital algorithms to help customers manage their finances. Fintech firms have created consumer-oriented technologies for ease of tra.....
Blackstone (BX) stock rallies as Q2 profit doubles
July 22, 2021 02:43 PM PDT| By Kiran MuraliSummary The asset management company’s stock rose over 4 percent on Thursday. Blackstone’s second-quarter net income more than doubled to US$1.31 billion. Total assets under management rose 21 percent year over year to US$684.0 bil.....
