Month: November 2024

‘Without Shadow of Doubt:’ More Nations Preparing to Introduce Strategic Bitcoin Reserve Regulations

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Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently stated that he is sure that many nation-states will follow in Brazil’s footsteps, introducing strategic bitcoin reserve regulations. Multiple Strategic Bitcoin Reserve Proposal Would Be in the Works Bitcoin adoption at a nation-state level seems prepared for liftoff. Dennis Porter, CEO and co-founder of … Read more

QCP Capital: Crypto Optimism Grows as Bitcoin Hits $95K and Ethereum Eyes $4.8K

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Bitcoin climbed back to the key $95,000 threshold on Thursday after the release of the personal consumption expenditures (PCE) price index, which came in as expected, according to QCP Capital. Bitcoin and Ether on the Rise The rebound marks a steadying of the crypto market, with bitcoin (BTC) finding a solid foothold at critical levels. … Read more

Ruble Plunges to New 2024 Low After US Imposes Sanctions Targeting Russian Banks

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The Russian ruble weakened after the U.S. imposed new sanctions on Russian banks. Europe Reduces Reliance on Russian Gas The Russian ruble fell to its lowest level since March 2022 after the U.S. imposed sanctions on 50 Russian banks, further disrupting the inflow of foreign currency into the country. On Nov. 27, the ruble-dollar exchange … Read more

Analysts: Gold Transactions Fuel Russian Shadow Trading Payments

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Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions. “While it’s unclear how much of a role gold plays in Russia’s … Read more