Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

Russian Finance Ministry Rules Out Sale of Oil for BitcoinThe Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency […]

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Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction

Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil ExtractionRussian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital coins. As part of a new agreement, the mining company will in return develop the digital infrastructure at the oil producer’s wells in Russia. Crypto Mining Operator Bitriver to Cooperate With Russian Oil Giant Gazprom Neft […]

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American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency

American Economists Are Baffled by an 'Unusual Situation' as Russia's Ruble Is the World's Best Performing Fiat CurrencyTwo months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite. Russia’s Ruble Outshines […]

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Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels

Russia's Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War LevelsAmid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging the fiat currency to gold, […]

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Bitcoin, Ethereum Technical Analysis: BTC Surges to $45,000, as Russia Considers Accepting the Crypto for Oil & Gas

Bitcoin moved past its $45,000 price ceiling, after it was reported that the Russian government was considering accepting it as payment for energies. The news sent BTC to a 24-day high, whilst ETH also climbed to a five-week peak. Bitcoin BTC was trading almost 5% higher on Friday, as markets reacted to the news that […]

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Russia May Accept Bitcoin for Gas Exports, Lawmaker Says

Russia May Accept Bitcoin for Gas Exports, Lawmaker SaysRussia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take cryptocurrency for natural gas and other resources. Russian Official Mentions […]

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Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected

Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market ExpectedThe U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point […]

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