Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed

According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose the Most Turkey’s consumer inflation […]

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UK Parliamentary Group Seeks Views of Crypto Industry Players

A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from […]

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India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’

India Freezes Crypto Exchange Wazirx's Bank Assets — Binance Claims Acquisition of Wazirx Was 'Never Completed'A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance. […]

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Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings

After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation. Naira Depreciation Less […]

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How to Check if an Online Casino Is Trustworthy

There are a number of websites of casinos out there, and each one promises to be the finest and safest. However, the internet is littered with “evil” gambling establishments as well: There are an estimated 200+ fraudulent casinos on the internet, according to several online gambling organizations, and this number continues to rise. The term “evil” isn’t simply reserved for casinos that refuse to pay, have outrageous bonus wagering requirements, or engage in unethical tactics. To put it another way, having a license is not enough – the website must provide much more than just gambling. You don’t have to

The post How to Check if an Online Casino Is Trustworthy appeared first on The Merkle News.

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Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming WeeksExactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin […]

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230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

230 Economists Warn the US Government's Proposed Inflation Reduction Act Will Fuel InflationLast week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. […]

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