Crypto

In the weird and wonderful world of cryptocurrency, almost every day a new buzz-word is added to our vocabulary to reflect the fast changing scene. For example, NFT, or non-fungible token, was made the Word of the Year by Collins Dictionary in 2021. For those that don’t know, NFTs are certificates that prove you own…

It’s been an extraordinary year for cryptocurrency. From Bitcoin hitting US$1 trillion ($1.4 trillion) in market value to Elon Musk’s Dogecoin tweets, it’s been a record year for the digital asset class, which, according to CoinGecko, surpassed US$3.3 trillion ($4.6 trillion) in total value as of last Monday. It does set up some big expectations…

GameStop Corp (NYSE:GME) – GameStop is back. The US video game, consumer electronics, and gaming retailer has unveiled a new partnership with blockchain-based non-fungible token (NFT) platform, Sydney, Australia-based Immutable X (Ethereum token), in a move to expand into the NFT ecosystem. GME shares rose 3 per cent on the day.  It seems GameStop is…

Last week shares in Meta Platforms (the former Facebook) slumped by 26%, erasing some US$251 billion ($353 billion) in value, marking it as the biggest single-day wipe-out in history. It also dragged down shares in Snap, Pinterest and Twitter. So, what happened? Some are putting it down to a dreadful earnings result from Meta, which…

Few companies represent the last two years of movement in stockmarkets better than Ark Invest. Under the leadership of Cathie Wood, the group went from close to zero, to hero amid the pandemic, only to be sold down heavily in the current tech selloff. Their approach is simple, take a very-long term view on the…

Leading cryptocurrency exchange Cointree, will offer a day of zero trading fees on Monday, 12 December, to help it celebrate its eighth birthday. The platform is hoping that the freebie day will help push active member numbers past the 100,000 mark. So, what is allowed to be traded? The exchange says: “Members, experienced traders and…

Hedge fund manager Cosmos Asset Management has joined the crypto race, listing an exchange-traded fund loaded with crypto-mining and infrastructure companies. The ETF will give Australian investors the opportunity to gain exposure to the sector, without actually holding cryptocurrencies. The ETF will be listed on Chi-X Australia as the Cosmos Global Digital Miners Access ETF…

The first Bitcoin ETF launched this week after ETF provider ProShares submitted an amended filing with the Securities and Exchange Commission (SEC) last Friday for a Bitcoin Futures ETF. The filing for the Bitcoin Strategy ETF points to a rollout of the fund ending a long-winded approval process that started back out in 2013 and…