S&P Global Downgrades USDT Stability Rating Amid Bitcoin Risks

The post UK’s EV Per-Mile Tax Could Slow Adoption as Europe Sees Strong Growth appeared on BitcoinEthereumNews.com. The UK government plans to introduce a pay-per-mile tax for electric vehicles starting April 2028, charging EV drivers 3 pence per mile to offset lost fuel duty revenue. This could reduce EV sales by 440,000 units and generate £1.4 billion by the decade’s end, amid concerns from automakers about hindering the green transition. UK EV tax details: 3p per mile for fully electric cars, 1.5p for plug-in hybrids from 2028. Policy addresses declining fuel duty as EV adoption grows, with fuel tax frozen for another year. Projected impact includes £255 annual cost for typical 8,500-mile EV driver by 2028-2029. Discover the UK’s new EV pay-per-mile tax starting 2028 and its impact on drivers and sales. Learn how this affects the electric vehicle transition and what automakers say. Stay informed on policy changes shaping sustainable motoring. What is the UK’s new pay-per-mile tax for electric vehicles? The UK’s new pay-per-mile tax for electric vehicles will require EV and plug-in hybrid owners to pay based on distance traveled starting April 2028. This measure aims to compensate for revenue losses from declining fuel duty as more drivers switch to zero-emission cars. Fully electric vehicle drivers will face a rate of 3 pence per mile, while plug-in hybrid users will pay 1.5 pence per mile, according to projections from the Office for Budget Responsibility. How will the EV tax affect annual costs for drivers? The introduction of the pay-per-mile tax could significantly increase costs for EV owners. For a driver covering the average annual mileage of 8,500 miles, the bill for a fully electric vehicle would amount to approximately £255 in the 2028-2029 tax year. This calculation, based on the 3 pence per mile rate, highlights the financial burden on households adopting greener transport options. The Office for Budget Responsibility estimates that the policy…

PANews reported on November 27th that Gate has launched IRYS perpetual contract trading (USDT settlement), supporting leverage from 1x to 20x. It is also now available on the Gate Perp DEX.

The post What This Crucial Decision Means For Your Crypto Investments appeared on BitcoinEthereumNews.com. Another rate freeze from the Bank of Korea – but what does this mean for your cryptocurrency portfolio? The central bank’s decision to maintain the Bank of Korea benchmark rate at 2.50% marks the fourth consecutive hold, creating significant implications for digital asset investors worldwide. Why Does the Bank of Korea Benchmark Rate Matter for Crypto? The Bank of Korea benchmark rate serves as a crucial indicator for global financial markets. When central banks maintain stable rates, it typically signals economic caution that can influence cryptocurrency prices. Moreover, this stability often drives investors toward alternative assets like Bitcoin and Ethereum seeking better returns. Here’s what the current rate environment means for crypto investors: Reduced traditional banking returns push capital toward cryptocurrencies Stable rates decrease market volatility fears Long-term investment strategies become more attractive Institutional crypto adoption may accelerate How Will This Bank of Korea Decision Impact Your Portfolio? The consistent Bank of Korea benchmark rate policy creates a predictable environment for cryptocurrency trading. However, understanding the broader implications requires looking at several key factors that affect your investment decisions. First, consider the global context. Other major central banks are also pausing rate hikes, creating a synchronized environment that benefits risk assets like cryptocurrencies. This coordinated approach reduces currency fluctuation risks and provides clearer signals for international investors. What Should Crypto Investors Watch Next? While the current Bank of Korea benchmark rate remains stable, smart investors should monitor several upcoming indicators. The bank’s future guidance, inflation data, and global economic trends will all influence when policy might change. Key monitoring points include: Upcoming economic growth projections Inflation trend analysis Employment data releases Global central bank coordination Actionable Crypto Strategies in This Rate Environment The maintained Bank of Korea benchmark rate presents unique opportunities for cryptocurrency investors. With traditional returns remaining limited,…