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Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

Bilateral Settlement Between China and Russia Worsens Due to New SanctionsThe payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise. […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russian Economy Sees Growth Despite Western Sanctions and Declining Imports

Russian Economy Sees Growth Despite Western Sanctions and Declining ImportsThe Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Payments in National Currencies Surge to 92% Among SCO Members

Payments in National Currencies Surge to 92% Among SCO MembersPayments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

French Court Extends Telegram CEO Pavel Durov’s Police Custody

French Court Extends Telegram CEO Pavel Durov’s Police CustodyFrench prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russia Set to Launch Crypto Payment Trials Next Week, Report

Russia Set to Launch Crypto Payment Trials Next Week, ReportRussia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russia Seeks Clarification From France on Telegram CEO Pavel Durov’s Arrest

Russia Seeks Clarification From France on Telegram CEO Pavel Durov’s ArrestThe Russian Foreign Ministry has disclosed that its embassy in France has sought clarification on the detention of Telegram CEO Pavel Durov. The embassy stated that it aims to protect his rights, but France has been uncooperative. Durov’s arrest has sparked controversy, with Russian officials labeling him a political prisoner. Russia Seeks Answers on Telegram […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russia To Launch New Cryptocurrency Trial for Cross-Border Payments To Overcome Sanctions: Report

Russia To Launch New Cryptocurrency Trial for Cross-Border Payments To Overcome Sanctions: Report

Russia is reportedly gearing up to launch a new crypto-based cross-border payments system in an effort to overcome economic sanctions. Bloomberg reports that the Russian government wants to use digital tokens for cross-border transactions to help ease payment difficulties for its companies that have been affected by international sanctions placed on the country. According to […]

The post Russia To Launch New Cryptocurrency Trial for Cross-Border Payments To Overcome Sanctions: Report appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS CooperationChina and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report

Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report

Russia is reportedly making plans to launch its very own crypto exchange platforms and stablecoins. According to a new article by local news publication Kommersant, Russia is planning on creating at least two crypto exchanges – one based in Moscow and another in St. Petersburg – as well as stablecoins pegged to the Chinese yuan and BRICS […]

The post Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System

Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar SystemAnton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal