The #National Institute of Statistics and Census in Argentina released the #inflation numbers for February, alarming local analysts.
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- 0.456TMAC
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#According to the report, February’s #monthly CPI reached 6.6%, a higher number than the 6% registered in January.
The rise was mostly #caused by the increase in prices of food and beverages, which grew by 9.8%, hitting the pockets of Argentines. Inside this sector, meats #spearheaded the hike, with prices rising by more than 30% in some cases.
#Inflation reached record yearly levels, with prices rising 102.5% YoY, the #highest number in more than 30 years.
Even with this #unprecedented behavior, analysts are predicting a further acceleration for March, which would thwart the expectations of the #government of maintaining the CPI under 100% for 2023.
The numbers of #Argentina are the second highest in Latam, only trailing behind #Venezuela’s year-on-year CPI, which reached 155.8% in October.
Local #economists have expressed their worries about the acceleration of prices in the country, calling for changes in the economic policies of the #government of Alberto Fernandez.
#Developing DeFi right on #Bitcoin instead of using wrapped tokens and avoiding problems of blockchain bridges — that’s Mintlayer’s main goal.
#Mintlayer, an open-source, Layer-2 solution for Bitcoin, has gotten the best from the #Bitcoin
By having complete #support of Lightning Network, Mintlayer can scale its network assets #limitlessly.
stated on Mar. 11 that there are a “large number” of #startups and investors in the #ecosystem who have “significant exposure” to SVB UK, adding that they will be “very concerned.”
The #statement expressed support for SVB UK stating that it is a “trusted” and “valued partner” that plays a “pivotal” role in #supporting startups in the U.K.
Several U.K. venture #capitalists (VCs), including Index Ventures and Atomico, issued a joint #statement on Mar. 12 endorsing SVB UK.
BoE issued a #statement on Mar. 10, declaring that SVB UK will “stop making payments or #accepting deposits,” as BoE intends to apply to the court to place SVB UK into a “Bank Insolvency Procedure.”
In a brief and #straightforward message, crypto exchange Gemini denied rumors, saying its banking #relationship with JPMorgan remains intact.
With the future absence of #Silvergate, it’s unclear what the impact will be on other #crypto firms with funds tied to the bank or otherwise exposed.
Thursday, #following long position #liquidations of only around $5 million on Wednesday.
According to coinglass.com, long #positions worth around $35 #million have been liquidated on
Coast Guard laws. It put me in a bind: People #thought I was doing stuff #illegally, even though I had no idea the renter was doing it.