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A Blow to the Dollar: Russia Reaches Historic Milestone by Paying for Over Half of Its Imports in Rubles
21.4.2025
According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral...
Gold Soars, Tech Futures Tumble as U.S. Hits China With Higher Tariffs
16.4.2025
Tech stock futures fell as the U.S. imposed tariffs of up to 245% on Chinese imports while gold hit a record high and Nvidia plunged on export control fallout
Bolivia to use crypto to pay for energy imports — Report
14.3.2025
Bolivia’s state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production.A...
Dollar-Strapped Bolivia to Rely on Cryptocurrency for Energy Imports
13.3.2025
Bolivia has integrated a crypto-powered system to pay for fuel imports through its state-owned company YPFB, as it is facing a shortage of dollars and a reduction in its dollar-denominated foreign reserves. Bolivia Builds Crypto System to Pay for Fuel Imports Crypto is becoming relevant for...
Bolivian State Energy Firm to Use Crypto to Pay for Imports: Reuters
12.3.2025
YBFB hopes that using crypto will be a direct solution to the nation's shortage in U.S. dollars and foreign currency reserves
Trump Announces 25% Tariffs on EU Imports, Bitcoin Slides Under $84K
26.2.2025
President Donald Trump announced 25% tariffs on European Union auto imports, pharmaceuticals, and semiconductor chips, citing a $350 billion trade deficit and vowing to address “unfair” EU trade practices. Bitcoin slid under a $84,000 following the news to a low of $83,337....
XRP and Dogecoin Surged 20%, Then Dipped as China Tariffs Dent Crypto Rebound
4.2.2025
Donald Trump's decision to impose tariffs on imports from Canada, Mexico, and China led to a steep drop in bitcoin and broader equity markets on Monday
Analyst: China Intensifies Covert Gold Accumulation Through London Imports
30.12.2024
Jan Nieuwenhuijs, a gold market analyst, has raised concerns about the rise in the People’s Bank of China (PBOC) secret gold purchase operations. He believes the bank has accumulated over 100 tonnes of gold through unreported London gold imports during Q4 2024. Golden Chase: China...
Brazil’s crypto imports surged 40% in September
29.10.2024
Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September
Brazil’s crypto imports surged 40% in September
29.10.2024
Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September
Putin Reveals Over 85% of CIS Trade Now in National Currencies
9.10.2024
Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce...
Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions
29.9.2024
A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling...
Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD
28.9.2024
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates...
Build-on-Bitcoin Trend Imports Another Concept from Ethereum: the DAO
12.9.2024
RootstockCollective, the first DAO on the Bitcoin layer 2, is designed to encourage builders and users of Rootstock
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
2.9.2024
The 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...
India and Russia to Enhance Trade With Rupee-Ruble Payments
16.8.2024
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With...
Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
14.8.2024
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem
Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top
22.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador....
Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances
8.5.2024
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports...
IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records
12.8.2023
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record...