The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed i...
Tag: Ruble
Russian ruble is back with a bang
The USD/RUB crashed for three straight weeks even as the western countries continued to pressure the Russian government. The Russian ruble is trading at 76.8 against the US dollar, which is about 37% ...
Sanctions were supposed to crush the Russian ruble. So why did it just hit a 2-month high?
Western sanctions have devastated Russia’s economy since the war in Ukraine started, and for a while, the ruble was also hit hard, losing roughly 20% of its value in the first few weeks followin...
Russian Ruble Recovers To Near Pre-War Levels Against Bitcoin
Russia’s ruble traded close to pre-war levels against Bitcoin (BTC) after the central bank recently pegged the falling currency against gold. The ruble had slumped to record lows against BTC in the wa...
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels – Economics Bitcoin News
Amid 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 prot...
Mocked as ‘Rubble’ by Biden, Russia’s Ruble Comes Roaring Back
(Bloomberg) — In the days after the Ukraine war began, the ruble’s collapse was a potent symbol of Russia’s newfound financial isolation. Most Read from Bloomberg International sanctions on Vlad...
Here’s why the Russian ruble has staged a strong comeback
The USD/RUB pair has been in a strong bearish trend as the Russian ruble has staged a strong comeback against the US dollar. The pair tumbled to a low of 75.66 on Friday morning as investors watched t...
Ruble Edges Closer to Clawing Back All Its Post-Invasion Decline
(Bloomberg) — The ruble is staging a comeback that could soon see it making up all of the losses it suffered in the weeks after Russia invaded of Ukraine, although it has some way to go yet. Mos...
Germany Enacts Emergency Gas Plan as Russia Wields Ruble Threat
(Bloomberg) — Germany triggered an emergency plan to brace for a potential Russian gas cut-off as President Vladimir Putin insists that the crucial fuel should be paid for in rubles. Most Read f...
How far are European Central Bank (ECB) warnings right while Ruble crypto trading drops?
Recent statement of the President of ECB seems out of the league as it contradicts the real-life data and various expert opinions Lately, the Central Bank President of Europe, Christine Legarde, put o...
Russian Lawmaker Proposes Digital Ruble to Dodge Western Sanctions
A member of the Russian opposition has called on the federal government and the central bank to hasten the issuance of the digital ruble, or central bank digital currency (CBDC), to circumvent some of...
Sats Near Ruble Parity – Trustnodes
Bitcoin’s smallest unit of account, one sat, has now long surpassed parity with one Ruble cent, making Russia’s fiat money one of the first in the world where sats themselves are actually worth someth...
Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia – Finance Bitcoin News
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation...
Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests
Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian ...
USD/RUB forecast: Ruble could rebound as commodity prices jump
The USD/RUB pair is hovering near its all-time high as investors avoid the toxic Russian ruble. It is trading at 114.8, which is a few points below its all-time high of 121. It has jumped by over 50% ...
China Doubles Yuan Trading Band for Ruble After Record Move
(Bloomberg) — China will double the yuan trading band for the ruble amid signs of distressed liquidity as banks back away from making markets. Most Read from Bloomberg The currency pair will be ...
Russia Keeps Stock Market Shut; Ruble Trading Set to Resume
(Bloomberg) — The Russian stock market’s trading halt is being extended in an effort to keep prices from tumbling in the wake of vast international sanctions, while currency trading is set to re...
Bitcoin stuck under $40K, but BTC price hits another all-time high vs. Russian ruble
Bitcoin (BTC) recovered from one-week lows on March 8 after a lack of progress in Russia-Ukraine talks that sent markets tumbling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Commoditi...
Ruble Crosses 140 as Putin Signs New Decree – Trustnodes
Ruble is down 50% since Russia opened war on Ukraine with it crossing 140 to the dollar for the first time in history. The currency has lost another 20% just today in huge moves that makes all previou...
Russian Ruble Crashes Further Against Bitcoin As Oil Sanctions Loom
Russia’s ruble sank 26% to a record low against Bitcoin on Monday, extending losses as the United States said it was mulling sanctions on Moscow’s oil exports. One Bitcoin is now worth over 5 million ...
Scrambling to avert Russian default, Putin allows ruble payments to creditors
Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital cont...
Why Did Bitcoin Surge So Much Against the Ruble?
First, we consider the number of bitcoin addresses that are holding ≥ $1. There was an uptick from 34,564,788 to 35,035,127 from Feb. 27 to March 1. Digging in further here, the number of Bitcoin addr...
Putin Aims to Avert Defaults With Ruble Payment to Creditors
(Bloomberg) — Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off default...
Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble Collapses – Featured Bitcoin News
The CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not s...
Bitcoin Topples War-Torn Russian Ruble For The Third Time In Significant Crypto Demand Boost ⋆ ZyCrypto
Advertisement     Bitcoin topples the Russian Ruble for the third time in the decade. Shackled off the $750B resistance, BTC aims again for $1 trillion. Transaction fe...
Despite The War And Sanctions, Bitcoin Has Surpassed The Russian Ruble
Since the adoption, the Ukrainian government has received more than $10 million in cryptocurrency donations from around the world to help it fight the conflict. Several NGOs in the nation have also se...
JP Morgan bullish on crypto as ruble fights for survival
A note from JP Morgan yesterday highlighted that the outlook for crypto and stablecoins was very positive given that Russian citizens were increasingly adopting crypto as the ruble plummeted. Accordin...
Bill Miller Says Collapse of The Russian Ruble Is Very Bullish for Bitcoin
Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve ...
Is the Dollar in Danger?
The U.S. is sitting on top of a horizontal empire, capitalism’s self-organizing, incentive-based structure with its layers of value. It’s not the Marxist mush of “to each according to his needs.” You ...