Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

September 10, 2024 Bitcoin.com

Over Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Russian Bitcoin Miners Mine Over $3,000,000,000 Worth of BTC in 2023, According to Industry Insiders: Report

September 10, 2024 The Daily Hodl

Bitcoin

Bitcoin (BTC) miners based in Russia reportedly mined billions of dollars worth of the top crypto asset by market cap last year. According to a new Izvestia report, Sergey Bezdelov, the director of the Russian Industrial Mining Association, said at this month’s Eastern Economic Forum that 54,000 Bitcoin worth over $3 billion were mined within […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023

September 10, 2024 Bitcoin.com

Bitcoin (BTC)

During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Russia Setting Sights on Alternative Financial System Independent of US Dollar Using Crypto: Chainalysis

September 9, 2024 The Daily Hodl

Daily Hodl

Russia is looking at crypto to mitigate the effect of sanctions and bolster its international payments ability, according to a new report from Chainalysis. Chainalysis says that Russia is positioning itself in an attempt to overtake the US as the global leader in crypto mining, passing a new bill allowing legal entities and registered entrepreneurs […]

The post Russia Setting Sights on Alternative Financial System Independent of US Dollar Using Crypto: Chainalysis appeared first on The Daily Hodl.

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025

September 9, 2024 Bitcoin.com

Bank of Russia

Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review

September 8, 2024 Bitcoin.com

Bitcoin Halving

Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining

September 7, 2024 Bitcoin.com

Bitcoin (BTC)

Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia

September 6, 2024 Bitcoin.com

Anatoly Aksakov

Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Sberbank to Join Russia’s Crypto Settlement Pilot This Fall, Executive Reveals

September 5, 2024 Bitcoin.com

anatoly popov

Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international payments and mining. He highlighted cryptocurrencies as effective payment methods, especially for small businesses, amid global […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Turkey Seeks to Join BRICS to Strengthen Global Influence

September 3, 2024 Bitcoin.com

alliances

Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […]

Russia

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