Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints

Bank of England Hikes Bank Rate to 0.25%, Governor Andrew Bailey Hints at Wage RestraintsThe Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging […]

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Technical Analysis: Bitcoin Hits $40,000, as LEO Leads Friday Rally

Technical Analysis: Bitcoin Hits $40,000, as LEO Leads Friday RallyBitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast approaching $3,000, with Solana nearing $110, however, none […]

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60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’

60,000 Indians Petition Government to Lower Crypto Tax to Avoid 'Devastating Impact'Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax […]

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