16 Feb 2021

Bitcoin Trades Above $50,000 for First Time

On Tuesday, Bitcoin reached $50,000 for the first time. The cryptocurrency’s value has doubled in less than two months as the total market value of the bitcoins in circulation hits $940 billion. The digital currency was traded as high as $50,203.53 this morning, up 4.2% and more than 73% for

Read More
15 Feb 2021

Global shares hit fresh peak, oil up on Middle East tensions

Yesterday, global shares rose for the 11th straight day, creating new optimism about the effect of the distribution of Covid-19 vaccines and fiscal aid from Washington. However, tensions in the Middle East are behind the high price, driving oil to a 13 month high. As more people receive vaccinations in

Read More
08 Feb 2021

Tesla Buys $1.5 Billion in Bitcoin

On Monday, Tesla announced that it had invested $1.5 billion in bitcoin and is planning to seek options for accepting the cryptocurrency as payment for its products in the near future. The purchase sent the price of bitcoin soaring after the Monday announcement, which was included in Tesla’s latest annual

Read More
29 Jan 2021

BlackBerry execs sold shares as Reddit-driven rally started

This week, three BlackBerry executives sold a total of $1.7 million of the company’s stock in the early days of its dramatic increase in the share price. BlackBerry and other highly shorted stocks have soared over the past few days as traders organizing on social media platforms like Reddit took

Read More
28 Jan 2021

GameStop effect spreads as calls for probe build

An unprecedented event is currently happening as part of a battle between small-time traders on Reddit and hedge funds that have shaken both the US and European stock markets and are expected to disrupt Asia as well. Surges in several Australian companies are joining a list of Reddit fueled moves

Read More