- ASX closes 0.86% lower at 6821.20 points.
- Crown Resorts ?not suitable? to hold Barangaroo casino licence.
- Mark Cuban is reportedly co-founding a podcast app called Fireside
The Australian market closed Tuesday?s session 0.86% lower at 6821.20 points, driven by the major banks.
The tech sector finished the session nearly 1% lower, with EML Payments and Altium both down more than 3%.
Bitcoin is trading around US$46,500 at 4:45pm AEDT, as the cryptocurrency continues to soar following Tesla?s US$1.5BN investment.
Ethereum is benefitting from Bitcoin?s surge- up nearly 8% to a fresh record-high US$1776.47.
Making headlines, BikeExchange debuted on the ASX today, raising AUD$20M at an issue price of 26c/ share. Shares in the global bike marketplace jumped as high as 23% to 32c but retreated to close at 23c/share.
In tech news, American entrepreneur Mark Cuban is reportedly co-founding a podcast app called Fireside that allows users to have live conversations and get paid to answer questions, while broadcasting live. It also boasts in-built analytics tools to help user?s determine which content performs best.
And James Packer?s NSW Crown Resorts has been found "unsuitable" to hold its Barangaroo casino licence, with a NSW casino inquiry ruling Crown could only hold the licence if James Packer sells 27% of his shareholding, the board is overhauled and other restructure measures are taken.