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The US inflation rate is 8.5%, the highest since December 1981
Inflation in the United States rose to 8.5% in March compared to March 2021 Does The Ministry of Labor has announced an update to the so-called Consumer Price Index (CPI).
This is the highest increase since December 1981, 40 years ago. CPI is the basket of prices for goods and services such as food, energy, but also housing.
The increase is mostly due to these types. The Biden administration had already signaled yesterday that this would not be easy. The reference refers to Russia.
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The US inflation rate is 8.5%, the highest since December 1981
India’s trade volume has shrunk by 70% since the new tax
Regulation kills innovationsBitcoin transactions in India seem to take the burden of the tax rule that came into force on April 1st. Cryptos holders are required to pay a 30% tax on their crypto assets.
This is leading to a sharp drop in trading volumes in this market, according to figures from blockchain company Grebaco. In the last ten days, the trade volume has dropped by 70%.
For example, WazirX’s trading volume fell from $ 47.8 million on April 1 to $ 13.2 million on April 10. All other stock markets are in decline.
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India’s trade volume has shrunk by 70% since the new tax
USDC Staplecoin raises $ 400 million
Crypto has raised $ 400 million from Circle Internet Financial. The company behind the USDC staple coins is said to be backed by BlackRock, Fidelity, Marshall Wace LLP and Fin Capital.
Circle is currently Tether’s biggest challenge. Tether’s USDT is currently the largest fixed currency in the crypto market, with a market capitalization of over $ 82 billion. The value of all US dollar currencies is $ 50 billion.
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