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Russian Finance Ministry Rules Out Sale of Oil for Bitcoin


The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto...

Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US


Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay. Tag Heuer Partners With Bitpay to Offer US Clients...

Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions


Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...

Spanish Cryptocurrency Exchange Bit2me Expands Operations to Brazil


The Spanish cryptocurrency exchange Bit2me is taking interest in getting into the Latam market. The company has launched its operations in Brazil by introducing an office in the country that will deal with compliance issues to make the exchange a safe option for Brazilians. The exchange aims...

Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets


The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment. Russian Stock Exchanges to List...

Elon Musk Hints at Possible Dogecoin Payment Option on Twitter


According to recent updates, Elon Musk has reached a definitive agreement with Twitter to buy the social media platform for $44 billion. It was revealed that Elon Musk owns at least a 9% share of Twitter. After reaching a definitive agreement with Twitter, Elon Musk has hinted at the possible...

Ripio Announces Expansion to Colombia in Next Months


Ripio, an Argentinian cryptocurrency exchange, has announced concrete actions regarding its expansion to Colombia. The company will offer a new option for cryptocurrency users and traders in Colombia, and will also offer a financial education proposal that is yet to be revealed. This launch will...

Elon Musk Suggests Making Dogecoin a Payment Option for Twitter Blue Service


Tesla and Spacex CEO Elon Musk has suggested making the meme cryptocurrency dogecoin (DOGE) a payment option for the Twitter Blue subscription service. Musk is now Twitter’s biggest shareholder. He recently joined the social media giant’s board of directors and promised to bring...

Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions


The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade...

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