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Russia May Accept Bitcoin for Gas Exports, Lawmaker Says


Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take...

Senior Russian MP Suggests Trading Gas and Oil for Bitcoin


  A senior Russian politician has suggested turning to bitcoin (BTC) as an alternative to the USD in international energy exports and trade deals. The comments were made by Pavel Zavalny, a member of the ruling United Russia Party and the Chairman of the State Duma (Russia’s parliament) Committee...

War in Ukraine to Make Countries Rethink Currency Dependencies - BlackRock CEO


  The war in Ukraine will make countries “re-evaluate their currency dependencies,” with work on digital currencies likely to be accelerated, according to Larry Fink, CEO and Chairman of the major asset manager BlackRock. Writing in a letter to shareholders published on Thursday, Fink said that...

A Surge in Energy Prices Raises Dollar Value, Prompting Safe-Haven Flows


As the United States of America, along with Europe and its allies, plans to ban the import of crude oil from Russia, investors have begun to weigh its impact on the global economy. As it turns out, the US Dollar has gained its value in the global market, whereas Euro has lost its charm. According...

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