News

Half a million Aussie motorists to get AU$750 cash rebate amid rising tolls

June 07, 2022 02:13 PM AEST| By Akanksha Vashisht

Highlights NSW government intends to lessen the burden of Sydney’s tolls by offering cash rebates of AU$750 each year to drivers. The existing model has been deemed to be less fair. A distance-based approach was proposed by Premier Perro.....

WOR, VEA, ALD, MND: ASX All Ord stocks hovering near 52-week highs

June 07, 2022 01:38 PM AEST| By Aditi Sarkar

The benchmark index S&P/ASX200 was down nearly 0.77% on 7 June 2022 at AEST 12 PM. The index was also lower on a 52-week basis, dropping approximately 1.22%. Aligning with this, the ASX All Ordinaries was also down by nearly 1.46% on a one-yea.....

Maiar Exchange under suspected attack? Elrond (EGLD) crypto drops 5%

June 07, 2022 12:30 PM AEST| By Ankit Sethi

Highlights The Maiar Exchange, which is built on Elrond’s blockchain, is facing issues and services are down The Elrond blockchain’s EGLD token is one of the top 50 cryptos and is currently trading in the red EGLD’s price dec.....

ASX 200 falls nearly 0.60% as banks drag ahead of RBA’s rate decision

June 07, 2022 12:06 PM AEST| By Priyanka Payal

Highlights The Australian equity market opened lower today as the benchmark index ASX 200 index was down 0.58% at 7,164.80 points in the opening hours of trading All the top four ASX-listed banks slipped into the red ahead of RBA’s intere.....

How serious is Australia's energy crisis?

June 07, 2022 11:29 AM AEST| By Akanksha Vashisht

Australia’s energy crisis can be described as nothing less than a “perfect storm”, a term that Treasurer Jim Chalmers came up with. Rising energy prices have added to a hefty list of price-side concerns facing an average Australia.....

Monkeypox: Which is the worst hit country?

June 07, 2022 11:09 AM AEST| By Aditi Sarkar

Highlights CDC has reported over 1,000 Monkeypox cases from 29 nations The United Kingdom has the highest number of total confirmed cases The first case of Monkeypox in human beings was recorded in the Democratic Republic of the Congo (DRC) in.....

What’s ailing ASX media giants - NEC, NWS, OML, and others

June 07, 2022 09:15 AM AEST| By Sukriti Nair

Highlights Recession seems to be the biggest fear gripping investors this year. Top Australian media houses have lost around AU$8 billion and 20-30% of their market valuation this year. Let’s see what’s ailing ASX media giants lik.....

ASX to skid lower as market awaits RBA’s rate decision

June 07, 2022 08:46 AM AEST| By Sukriti Nair

Australian shares are predicted to slip further below today as the Reserve Bank meets in the afternoon to discuss interest rates again. It is anticipated that the Federal Reserve will raise the interest rates to tackle the ‘worst inflation in.....

What is Hedera (HBAR) crypto and is it environment friendly?

June 07, 2022 04:14 AM AEST| By Versha Jain

Highlights Hedera is an enterprise-grade public network for the decentralized economy. It opened its mainnet access in September 2019 The HBAR token powers Hedera’s services and safety tasks. Although blockcha.....

Why is SafeMoon (SAFEMOON) crypto gaining attention?

June 07, 2022 01:24 AM AEST| By Rupam Roy

The SafeMoon crypto caught the eyes of investors on June 6 following a huge surge in its price. Its price skyrocketed more than 768%, while its volume for the last 24 hours was up more than 1% on Monday morning. Meanwhile, the cost of the SafeMoon .....

What is Splintershards (SPS) crypto? know price & performance

June 07, 2022 01:10 AM AEST| By Rupam Roy

The Splintershards (SPS) token is one of the trending altcoins on June 6. However, the SPS token was down 1%, with a 13% upsurge in trading volume in the trailing 24 hours to Monday morning. Conversely, the global crypto market rose 5.11%, with a .....

Why did Etho Protocol (ETHO) volume surge 3000% today?

June 07, 2022 12:46 AM AEST| By Versha Jain

The Etho Protocol (ETHO) has been catching investors’ interest recently. On Monday, its trading volume saw an extraordinary leap of 3182.00% to US$9.2 million. Likewise, the ETHO token price increased by 317.90% to US$0.07845 at 4:57 am.....

How long can Quant (QNT) crypto maintain its momentum

June 07, 2022 12:33 AM AEST| By Manu Shankar

Launched in 2018, Quant (QNT) crypto aims to offer the blockchain interoperability network to its users. Built on top of the Ethereum blockchain, the goal of the Quant crypto is to connect blockchains and networks without hampering the interoperabi.....

What can investors expect post-Ethereum Merge event?

June 06, 2022 10:10 PM AEST| By Manu Shankar

Ethereum is on the cusp of the breakthrough moment as it will undergo the transition into the Proof-of-Stake (PoS) to verify transactions via staking. Ethereum, which currently banks on the Proof-of-Work consensus, where cryptocurrency miners utili.....

Commodity wrap-up: Iron ore surges as China eases COVID-19 curbs

June 06, 2022 06:36 PM AEST| By Arpit Verma

Highlights The prices of both crude oil benchmarks gained significantly in the last week. Uranium prices gained more than 5.5% in the last week as demand from China, a major nuclear energy producer, surged significantly. Base metals including .....

Why is Steem (STEEM) crypto grabbing investors’ attention?

June 06, 2022 06:33 PM AEST| By Manu Shankar

The Steem (STEEM) crypto is a unique protocol designed to build decentralised to build social media platforms, which was launched in January 2016. Operating on the delegated proof-of-stake blockchain, the Steem crypto rewards users for generating c.....