News

A sharp retrace was observed on Thursday after the news of omicron led to sell-offs in the previous session. Cyclical names recovered from their recent losses.  Leading the pack is the Dow Jones Industrial Average that gained 617.75 points to 34,639.7. It was helped by a 7.5% uptick in Boeing’s stock. The S&P 500 saw […]

According to news gathered by a crypto news site—Reuters, Bitcoin has tumbled about 9%, dragging other smaller tokens along with it. This was due to the announcement from health professionals, saying a potential vaccine-resistant variant of coronavirus has been discovered. The news led to panic among investors, causing them to dump riskier assets for those […]

A New York-based news site, specializing in cryptocurrency—CoinDesk reported that the price of Bitcoin was seen to fall to its lowest value since October 13 on Tuesday evening. According to CoinDesk, the value of Bitcoin depreciated to $55,460.96 on Tuesday evening, which is an extra 20 percent reduction from the all-time high of $69,000 that […]

There was a mix in stock on Thursday as investors weighed a batch of solid corporate earnings results against current inflation concerns.  After so many ups and downs of the market, S&P 500 and Nasdaq, which can be traded on Plus500, ended the session higher. The Dow lagged, which was led by a reduction in […]

Virtually everyone is talking about the metaverse, including big firms and individuals. Everyone seems to be crazy about it. Even the king of social media, Facebook, had to change its brand name to Meta to be relevant in the metaverse world.  Initially, the noise around metaverse seems to be about it being a virtual interaction […]

The long-awaited Bitcoin upgrade became a reality at exactly 5:15 UCT(00:15 EST) on Sunday, 14th November. The upgrade–taproot activated at block 709, 632, providing access to developers to add new features for privacy, scalability, and security improvement on the network.  The lock-in for the upgrade happened in June when more than 90% of miners decided […]

The most significant price hike in over thirty years came to play last month, with the consumer price index increasing by 6.2%. While various tax changes are a reflection of the higher cost, unchanged provisions can squeeze filers as purchase power dwindles.  The continuous increase in inflation also affecting stocks traded on Plus500 or eToro […]

On Friday, the Chinese Communist Party concluded a meeting that makes the present president Xi Jinping a lifetime president of China. This resolution was reached after consideration of his role in transforming the country into an economic superpower.  This news doesn’t only bring cheer to the major economic players within the Great Walls but also […]

There has been a shock in the cryptocurrency world due to a suspected scam regarding the meme coin based on the blockbuster Netflix movie – Squid Game. This suspected scam has once again shown a need for cryptocurrency regulation in India.  After the launch of the squid game token a few weeks back, it experienced […]