Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Cryptocurrency

20 Dec 2021

Crypto Surges in 2021 with an Added Market Value of $1.5 Trillion

The Index Today

The year 2021 has been prosperous for cryptocurrencies with an inflow of USD 1.5 trillion in market value.

Bitcoin’s declining dominance over the crypto market is indicative of growing investor interest in digital currencies as fueled by its major volatility. However, Bitcoin experienced an upsurge by 60% along with Ether, Binance Coin, Dogecoin, and Shiba Inu. Regardless, with the rising prominence of Ether and other tokens, Bitcoin’s market shares have fallen from 70% to below 40% this year.

The Bloomberg Galaxy Crypto Index experienced an upswing amounting to 160% this year, surpassing the progress made by conventional assets like global stocks (13%) and commodities (23%). This is yet another sign of shifting investment and financial practices in the pandemic-fueled present.

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