Bitcoin reaches $45k as a result of the ‘PetroBitcoin’ sentiment.
Bitcoin surged above critical resistance levels to reach highs last seen in February, aided by a slew of macroeconomic factors.
RUSSIA
Selling gas and oil in exchange for Bitcoins? So believes this Russian lawmaker.
Russia’s Committee on Energy’s head, Pavel Zavalny, announced earlier today that friendly countries will be able to pay for oil, gas, and other commodities in Bitcoin.
Global Regulators Examine Cryptocurrency Used In Ukraine War
The use of crypto assets is being closely watched by global financial regulators amid the war in Ukraine after worry about its use to evade Western sanctions on Russia, according to Reuters. (Read More) …
The CEO of Ripple explains why Russia can’t use cryptocurrency to evade financial sanctions.
Ripple CEO Brad Garlinghouse explained why it will be hard for Russia to use cryptocurrencies to evade global sanctions in the ongoing war with Ukraine. …
Private Cryptocurrencies May Soon Vanish From Russia
According to Russia’s TASS news agency, Bank of Russia Deputy Governor Vladimir Chistyukhin signalled that private cryptocurrencies may soon go out of existence in the financial markets. (Read More)Source blockchain.news
Why Hillary Clinton Warns Biden Administration To Regulate Crypto Market
During an MSNBC interview, Hillary Clinton continued to suggest hypothetical scenarios in which cryptocurrencies could destabilize the United States and called on the Biden administration to regulate them as she fears that state and nonstate actors manipulate the role of the U.S. dollar. Related Reading | Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength … Read moreWhy Hillary Clinton Warns Biden Administration To Regulate Crypto Market
Russian Top Digital Bank Tinkoff Explores Crypto Investment Services
Despite Russia’s Central Bank imposed ban and restrictions on cryptocurrency usage in the country, Tinkoff bank is examining potential cryptocurrency investments services to offer to its clients. (Read More)Source blockchain.news
Weekly Report: President Putin recognises crypto’s role in payments
Cryptocurrencies have received recognition from numerous popular names in recent years, and the praises keep on coming Putin says crypto can be used for payments Russian President Vladimir Putin has joined the long list of Bitcoin’s admirers after admitting earlier this week that cryptocurrencies can be used as a means of payment. He made this … Read moreWeekly Report: President Putin recognises crypto’s role in payments
Russia Considering to Impose Special Energy Tariffs on Cryptocurrency Miners
Russia is looking to impose special energy tariffs on crypto miners paying more, who are being accounted for massive electricity consumption. (Read More)Source blockchain.news
Russia has no intention of outlawing crypto trading
China and Turkey have recently made headlines after authorities in both countries announced nationwide crypto crackdowns According to a report yesterday on local Russian news outlet Interfax, Russia’s Deputy Finance Minister Alexei Moiseev has confirmed that users will not be barred from buying and selling crypto on foreign exchanges. He, however, also retained that the … Read moreRussia has no intention of outlawing crypto trading
Russia Won’t Follow in the Footsteps of China’s Total Ban on Crypto Transactions: Russian Deputy FM
The Russian government said it will not follow China’s comprehensive ban on cryptocurrency and has no plans to prohibit investors from buying cryptocurrencies in the foreign exchange market. (Read More)Source blockchain.news
Legislatures in Russia Agree to benefits of Crypto, but Call for Regulations
State Duma, the lower house of the Federal Assembly of Russia, is planning to boost investor protection measures regarding crypto investments. This legislative body plans to implement regulations that will govern the trade of digital assets, given that they are a highly risky financial tool. Legislators Concerned over Risky nature of crypto A local publication … Read moreLegislatures in Russia Agree to benefits of Crypto, but Call for Regulations
Weekly report: Bitcoin’s market cap touches $1 trillion again
The cryptocurrency market is currently performing well, with Bitcoin and many altcoins recording gains in recent days Bitcoin’s market cap reaches $1 trillion again The cryptocurrency market is having an excellent start to the month. Since the start of October, the prices of most cryptocurrencies have increased by more than 10%. Bitcoin is leading the … Read moreWeekly report: Bitcoin’s market cap touches $1 trillion again
Bank of Russia’s new crypto crackdown won’t affect BitRiver: CEO
The Russian central bank announced that it will work with local banks to slow down payments to crypto exchanges In a statement to CoinTelegraph, Igor Runets, the founder and CEO of Russia’s largest crypto mining colocation services provider BitRiver, asserted that the Russian central bank’s new regulatory crackdown is unlikely to affect the firm. Runets … Read moreBank of Russia’s new crypto crackdown won’t affect BitRiver: CEO
