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CRYPTO

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Shock as Bitcoin slides in line with stocks

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The crypto currency is moving in line with stock prices, rather than pre-pandemic times. Concerns raised that the US$2 trillion sector could destabilise financial markets. IMF says there’s been increased co-movement and spillovers between crypto and equity markets. There has been growing co-movement and spillovers between crypto assets and equity markets, raising concerns the US$2 trillion sector could shock and destabilise traditional financial markets. The

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ASX closed sharply lower; BrainChip rocketed 12.4% on US patent; NiCo Resources soared 80% on debut

The ASX200 closed 1.03% lower at 7332.50 points on Wednesday. BrainChip skyrocketed 12.4% after receiving US patent approval. NiCo Resources soared 80% on its ASX debut following IPO raising $12m. The Australian market extended its losing streak into Wednesday, closing the midweek session 1.03% lower at 7332.50 as investors sold out of risky assets like tech stocks. The tech sector tumbled 2.56% today as Megaport

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Metaverse: On your trademark, get set … go!

Chinese companies are already pursuing metaverse-related trademarks. 1,360 Chinese companies have submitted 8,534 such trademark applications. They join global brands such as Nike, Alice + Olivia, Hurley, and Justice in the race.

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Golden State Warriors team up with crypto exchange FTX

Championship NBA franchise one of the first sports teams to do an NFT release. Golden State Warriors raised more than US$2m in an NFT auction on Opensea. Broader NFT market is forecast

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He Musk be joking?

Founder of US$962 billion market cap Tesla says the company will accept Dogecoin. The meme-based crypto soars more than 17.6% over the past 24 hours on the news. Elon Musk has been

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Is your crypto wallet at risk of being lost?

This week, MyCryptoWallet became the second cryptocurrency exchange in two months to collapse. Blockchain Global went under in November owing investors A$21 million. ‘Cold Wallets’ are the only secure way to store

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Adrian Cheng enters the metaverse by stepping into The Sandbox

Adrian’s LAND to be one of the biggest plots in the decentralised gaming virtual world. The Sandbox is part of Animoca Brands, a leader in digital entertainment and blockchain. A range of

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Crypto still cryptic to most Aussies

Many Australians would use crypto but most don’t understand it. Yet about one in five Aussies have invested in digital currencies. Global interest from central banks is beginning to surge. Cryptocurrency is

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Crypto creeping into the cranking construction sector

Millennials, Generation Z, and property developers are seeking to expand the use of crypto and digital payments. Australian property market prices have had the strongest growth on record in the past few

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Omicron crypto emerges from obscurity.

Omicron digital coin has soared more than 412% in value. New, fast-spreading COVID-19 variant triggers massive selloff. Crypto and traditional markets have been sent into freefall. It seems while the world attempts

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M&A deals done in digital coins doubles

Aggregate value of these deals is US$25.5 billion – an all-time high. Almost US$13 billion of this year’s crypto deals involved tech sector targets. Trend reflects the hot M&A market and interest

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Digitisation evolution accelerated by COVID-19

Australia’s tech sector contributes A$167bn to GDP annually and employs about 861,000 people. Companies across all market segments are going through a digital transformation. Finding the right people to train and upskill

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Bulletin Resources Ltd (ASX: BNR) has announced a trading halt

Bulletin Resources Ltd (ASX: BNR) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

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Hannans Ltd (ASX: HNR) has announced a trading halt

Hannans Ltd (ASX: HNR) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement. Hannans

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US markets tumbled; Activision Blizzard soared 26% on acquisition; Moderna tanked 8.8% on Omicron update

The Nasdaq fell 2.6% to finish Tuesday’s session at 14,507 points. Activision Blizzard soars 26% after Microsoft agreed to buy it for US$68.7bn. Moderna tumbled 8.8% despite announcing Omicron-specific data release date.

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European Metals Holdings Ltd (ASX: EMH) has announced a trading halt

European Metals Holdings Ltd (ASX: EMH) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news

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Carnarvon Energy Ltd (ASX: CVN) has announced a trading halt

Carnarvon Energy Ltd (ASX: CVN) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

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Centaurus Metals Ltd (ASX: CTM) has announced a trading halt

Centaurus Metals Ltd (ASX: CTM) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

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Venus Metals Corporation Ltd (ASX: VMC) has announced a trading halt

Venus Metals Corporation Ltd (ASX: VMC) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news

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Rox Resources Ltd (ASX: VR8) has announced a trading halt

Rox Resources Ltd (ASX: VR8) has announced a trading halt. There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

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