Tag Archives: russia

The price of bitcoin continues to take heavy dips, and many are wondering if a fall below the $30,000 mark is inevitable for the world’s largest and most popular cryptocurrency by market cap. Bitcoin Is Crashing, but It Could Crash More The price of bitcoin is taking serious plunges following Russia’s invasion of its neighbor Ukraine. The country is now in shambles and regions like the United States are seeking to impose sanctions on Russia now that it has moved forward...

According to data from blockchain analytics firm Elliptic, crypto is giving the military in Ukraine the money it needs to defend itself. More than $4 million in donations have made their way into the Eastern European country, and much of that money stems from bitcoin and crypto. Ukraine Is Getting a Lot of Crypto The world was shocked last week when Vladimir Putin – the leader of Russia – invaded his country’s neighbor of Ukraine. As a means of helping the impoverished...

The notorious hacker organization – Anonymous – has reportedly offered Russian troops payments in bitcoin to hand over their tanks. The group would pay more than $52,000 in BTC for each surrendered combat vehicle. BTC in Exchange for a Tank The Ukrainian side has been trying to stop the Russian invasion not only by weapons and direct combats but also by striking them digitally. A few days ago, Mykhailo Fedorov – Ukraine’s Vice PR – announced the government will create an IT...

Former US presidential candidate – Hillary Clinton – criticized those cryptocurrency trading venues that refused to stop servicing Russian-based users. She once again opined that digital assets should be put under a regulatory framework. Crypto Should Not Become an Escape Hatch to Russia Amidst the Russian invasion in Ukraine, Mykhailo Fedorov – the latter’s Vice Prime Minister – asked the leading digital asset platforms to freeze all Russian users’ blockchain addresses....

Bitcoin trading volumes against the Russian ruble reportedly soared to the highest level in almost a year. At the same time, those employing Ukraine’s hryvnia reached October 2021 heights. The Result of the Embargoes? NATO and the EU are still standing away from a direct military conflict and vowed not to send troops to Ukraine. However, they imposed severe monetary sanctions on Russia, aiming to destabilize it and cut its financial connection with the Western world. The...

The Russian ruble has lost significant value against both dollars and Bitcoin following sweeping sanctions from western nations, and the cutoff of major regional banks from SWIFT. Citizens are now flooding local ATMs with cash withdrawal requests while the Bank of Russia urges for calm. Ruble in ‘Free Fall’ After the markets opened on Monday, the dollar spiked to over 108 rubles, compared to just 83 rubles the week prior. Bitcoin is also soaring against the falling currency,...

The world’s leading digital asset exchange – Binance – does not intend to freeze the accounts of Russian-based individuals, a spokesman for the platform revealed. He further argued that “crypto is meant to provide greater financial freedom,” and such a move could oppose the concept of the industry. In-Line With Kraken Russia’s “special military operation” in Ukraine seems nowhere near an end as the tension between the two countries keeps escalating. As of the moment, the USA,...

Analysts are convinced that Russia may utilize cryptocurrency to avoid sanctions recently imposed due to its attack on Ukraine. What Will Russia Do with Crypto? Last week, the U.S. imposed sanctions on Russia for its invasion of Ukrainian territory, but many industry experts believe that these sanctions aren’t going to go anywhere, and that Vladimir Putin could potentially turn to digital assets to avoid whatever’s been imposed on his nation by the American government....

Now that Russia has invaded Ukraine, many are worried that the United States could be entering the brink of war. We have made it clear to our enemies that if democracy is threatened anywhere in the world, the country will intervene. Warren Buffett – the mogul behind real estate giant Berkshire Hathaway – says that investors should avoid things like bitcoin and gold for now, and they should instead put all their money into stocks, as they are the safest bets in times of...

Bitcoin is back above $40k despite descending to $34k just last week. Meanwhile, as politicians discuss Russia’s potential use of cryptocurrency to evade sanctions, the eastern superpower is apparently working on a digital world currency. At the time of writing, Bitcoin is trading at $40,976, having briefly peaked over $41k today. That’s up from under $38k just four hours ago. Bitcoin’s price plunged to $34k on Thursday after Russia announced “special military operations” in...