Cryptocurrency became the talk of the town in 2017 when Bitcoin reached a never-before-seen value of over US$19,000 (A$28,154). A year later, Bitcoin had fallen to just over $4000. Over the next three years, the poster coin for the crypto world would climb and then trade largely sideways, until it suddenly spiked to over $70,000 in February 2021. By May of that year, it was back to $45,000. By September, over $65,000; by November, nearly $90,000. Yet, by November 2022, Bitcoin was back down to $25,000. The point is that cryptocurrencies have always been high-risk and extremely volatile assets ..read more

While the ASX 200 saw slight gains throughout the day, a heavy loss to the financials sector dragged it into the red. The index closed down 13 points, or 0.19 per cent, at 6,955.2 points. Most Asian markets ran a similar trajectory, although the Asia Dow managed to buck the trend, up one per cent. The Hang Seng was down 0.6 per cent, while Japan’s Nikkei 225 was down 0.1 per cent. IN THE GREEN Five sectors closed in the green today — a slight improvement on yesterday which saw only two sectors make gains. While utilities and materials made slight gains, it wasn’t enough to offset losses. Among ..read more

While the lockdowns, masks and toilet paper-scavenging days of COVID-19 may seem like a banana bread-sized blip in the distant past, the effects of the pandemic have lingered on. The coronavirus left a lasting impact on all Australians, but it was the millennial generation that was one of the hardest-hit financially. THE SITCH. From March 2020, a majority of Generation Y faced crunch time, having to dip into their savings to make up for decreased income due to job losses, reduced working hours and rental stress. In a bid to ease financial pain in 2020, the government allowed Australians early ..read more

Dreadnought Resources (DRE) defines five strong electromagnetic conductors within the Money intrusion at its Mangaroon project in WA The conductors were uncovered via a fixed loop EM survey and show potential for high grade mineralisation Two of the five conductors found at the Bookathanna North target were significantly higher than the conductors tested in the 2022 drill program Follow up drilling of the conductors is slated for July DRE shares were last trading at 6.1 cents at 4:55 pm AEDT Dreadnought Resources (DRE) has uncovered positive geophysical results at the Money intrusion within it ..read more

Recent promising research from the Federal Chamber of Automotive Industries (FCAI) has revealed a steady increase in Australian sales of electric vehicles (EVs). And as demand for EVs increases, so too must the country’s supply capabilities. In this vein, Australian company SEA Electric has partnered with Zurich Resilience Solutions (ZRS) to “ease the transition” for vehicle fleets to update to sustainable technology. SEA said its collaboration with Zurich will pair its engineering team with SEA Electric customers to enhance their “EV switch”. The Australian EV problem Despite being a major gl ..read more

Weebit Nano (WBT) completes $45 million placement and launches a $10 million share purchase plan as part of its largest capital raise to date Nine million placement shares were issued at $5 each, representing a 9.7 per cent discount to the last closing price The share purchase plan will allow eligible shareholders to apply for up to $30,000 worth of shares and will close on April 19 The Israeli based semiconductor company will primarily use funds to further develop and commercialise the rollout of its ReRAM technology WBT shares are down 9.93 per cent, trading at $4.99 4:15 pm AEDT Israeli bas ..read more

Cyber attacks continue to make headlines: last week both IPH (IPH) and Latitude Financial (LFS) reported data breaches, and on Thursday night reports emerged that Rio Tinto (RIO) may be the latest victim. Claims that past and present Rio Tinto employees’ details may have been stolen through a third-party app used by Rio are yet to be confirmed by the company. Today, IPH said its systems were returning to normal after it established a new network and beefed up its security systems. Meanwhile, home appliance company Shriro (SHM) has decided to cut its losses and abandon its kitchen appliance div ..read more

Estia Health (EHE) receives a $775 million non-binding and indicative takeover proposal from leading global private investment firm Bain Capital Bain is looking to snap up all shares in Estia Health at $3 a pop — a 28.2 per cent premium to EHE’s trading price at market close on Thursday EHE is reviewing the offer and warns there is no certainty that the proposal will result in a binding offer or that any transaction will follow Since 2014, Estia has grown to become one of Australia’s leading aged-care operators, with 72 homes across SA, VIC, NSW and QLD Shares in EHE are up 14.1 per cent and t ..read more

Universal Biosensors (UBI) submits a 510K application to the US FDA for approval to sell Xprecia Prime in the United States The application included UBI’s patient study which provided clinical evidence of its portable coagulation monitoring device’s performance and safety The company says the submission is an “important step” towards building Xprecia Prime into a “meaningful business” Universal Biosensors is down two per cent, trading at 24.5 cents at 2:55 pm AEDT Universal Biosensors (UBI) has submitted a 510K application to the US Food and Drug Administration (FDA) for approval to sell Xprec ..read more

Little Green Pharma (LGP) is set to pocket $5 million via a private share placement to repay debts and finance future growth Under the placement, LGP will issue roughly 27 million new shares to private investors at 18 cents per share — a 5.3 per cent discount to its last closing price The funds will primarily be used to repay the balance of a loan note with the Canopy Growth Corporation relating to LGP’s 2021 acquisition of its Denmark facility CEO Fleta Solomon says the company is confident it can continue to grow its sales and leverage domestic and international medicinal cannabis market opp ..read more