Category: Prices
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Wine prices to rise, beer to fall in new tax plans
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Wine prices are expected to rise while the cost of beer will fall under new proposals from the National Treasury, which has imposed excise duty on drinks based on their alcohol content by volume. The Excise Laws (Amendment) Bill, 2024 seeks to restructure the excise duty rate on wine and…
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Gasoline prices in Israel back on the rise
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The maximum price of government-controlled 95 octane gasoline at self-service pumps in Israel will rise on Thursday at midnight, November 1, by NIS 0.04 per liter to NIS 7.12 per litre. The Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95 octane gasoline at self-service pumps…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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Are ‘ETF Paper Bitcoins’ Suppressing BTC Prices? Expert Analysis
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This article is also available in Spanish. In new YouTube video Titled “No Paper Bitcoin Exchange Traded,” Fred Krueger, an investor in cryptocurrency hedge fund 2718.fund, addressed the growing concerns surrounding Bitcoin exchange-traded funds (ETFs) in the US and their impact on the price of the cryptocurrency. Krueger aims to…
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Are ‘ETF Paper Bitcoins’ Suppressing BTC Prices? Expert Analysis
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This article is also available in Spanish. In new YouTube video Titled “No Paper Bitcoin Exchange Traded,” Fred Krueger, an investor in cryptocurrency hedge fund 2718.fund, addressed the growing concerns surrounding Bitcoin exchange-traded funds (ETFs) in the US and their impact on the price of the cryptocurrency. Krueger aims to…
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Fuel stations face sanctions over continued high prices
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The Ministry of Energy and Petroleum threatened to clamp down on fuel filling stations that continued to sell fuel at high prices, despite the price drop announced on Tuesday. Cabinet Secretary (CS) Opio Wandayi said some petrol stations are yet to reduce pump prices despite adjustments made by the Energy…
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Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’
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This article is also available in Spanish. Bitcoin (BTC) is trading slightly lower in South Korea compared to global cryptocurrency markets due to a reverse “kimchi premium,” which has not been seen. since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper in South Korea According to A a report By…
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Will ADA Prices Push Higher?
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Cardano is one of the largest blockchains and among the first to use a proof-of-stake consensus algorithm. Although the network fell out of the top 10, it remains one of the most decentralized platforms. Assembly tool data He appears That Cardano had over 2,800 stake groups (or validators) at the…
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How The Israel-Iran War Could Shake Crypto Prices: Arthur Hayes
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This article is also available in Spanish. Arthur Hayes, co-founder and former CEO of BitMEX, published a report article Titled “The Persistent Vulnerability” on October 16, it examines the potential impact of rising tensions between Israel and Iran on cryptocurrency markets. Through the analogy of avalanche science, Hayes explores how…
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Monday morning open levels – indicative forex prices for 14 October 2024
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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What would it really take for a pullback in gold prices?
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Even as the dollar strengthened and traders retreated to pricing in a 25 basis point move for the Fed in the last week or so, that did not faze gold prices at all. There was a slight decline towards $2,605 earlier this week, but that did not last as prices…
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First Polkadot Core Sells For 69 DOT: Will Prices Move?
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An experienced cryptocurrency reporter, Dalmas brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and NewsBTC’s blockchain news, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft more than 10,000 news and feature articles over…
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First Polkadot Core Sells For 69 DOT: Will Prices Move?
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An experienced cryptocurrency reporter, Dalmas brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and NewsBTC’s blockchain news, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft more than 10,000 news and feature articles over…
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Why Crypto Prices Shift In DeFi, DEX, Liquid Restaking & RWA
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Understanding the dynamics of token unlocking is crucial in today’s cryptocurrency market. These events can significantly impact token values and market behavior. Not all sectors perform equally after unlocking; While some, such as DeFi and Direct implementation Sectors, which opened a whopping value of over $1.6 billion, saw price declines.…
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Why Crypto Prices Shift In DeFi, DEX, Liquid Restaking & RWA
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Understanding the dynamics of token unlocking is crucial in today’s cryptocurrency market. These events can significantly impact token values and market behavior. Not all sectors perform equally after unlocking; While some, such as DeFi and Direct implementation Sectors, which opened a whopping value of over $1.6 billion, saw price declines.…
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Monday morning open levels – indicative forex prices – 07 October 2024
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Olive oil prices set to halve as Mediterranean bumper harvest looms
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Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the largest producing region in the Mediterranean, Andalusia in Spain, prepares for a bumper harvest. The end of prolonged drought conditions is expected to increase production by 77%, with the…
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Olive oil prices set to halve as Mediterranean bumper harvest looms
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Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the largest producing region in the Mediterranean, Andalusia in Spain, prepares for a bumper harvest. The end of prolonged drought conditions is expected to increase production by 77%, with the…
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Bank of England says global asset prices remain ‘stretched’ By Reuters
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By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…