Bitcoin Exchanges Start Banning Russia, Ruble Develops Discount

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Bitcoin climbs to $41K and flippens the Russian ruble

The Central Bank of Russia reported the country's money supply was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion with the recent drop against the U.S. dollar.

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Bitcoin Volumes Surge As Ruble Plummets

The cryptocurrency craze has spread to countries across Europe as people search for ways to protect their money from war-torn nations. Data from the crypto tracking site Kaiko shows that ruble and Ukrainian hryvnia-to-crypto volumes have shot up in recent days, reaching multi-month highs.

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Bitcoin hits $41k as Russian ruble plummets in value

As the war in Ukraine continues, Bitcoin and the rest of the crypto market, including Ethereum, has been highly correlated to the traditional market. The post Bitcoin hits $41k as Russian ruble plummets in value appeared first on CryptoSlate.

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BTC-RUB at a 9 month high as Russians turn to Bitcoin after the Ruble tumbles

As the West level economic sanctions thick and fast on Russia, the ruble currency has been sent into freefall, plummeting 20% Monday to a record low against the dollar. Via XE. com In a startling move bound to increase fear of ruble-holders, Russia’s central bank more than doubled interest rates from 9.

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Ruble-denominated Bitcoin volumes hit 9-month high as ruble plummets

Ruble-denominated Bitcoin volumes reached a 9-month high as investors fled to safe-haven assets. Most… The post Ruble-denominated Bitcoin volumes hit 9-month high as ruble plummets appeared first on Coin Journal.

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BTC/RUB volume hits a 9 month high as Russians look for Ruble alternatives

Ruble-denominated Bitcoin volumes reached a 9-month high as investors fled to safe-haven assets. Most… The post BTC/RUB volume hits a 9 month high as Russians look for Ruble alternatives appeared first on Coin Journal.

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Ruble Plunge Causes Bitcoin Premium and Discount Fluctuations

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Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’

The ruble crashes past 87 to the dollar early on Thursday as events in Ukraine take a turn for the worst and Bitcoin’s price tanks.

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Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar

Gold outperforms “digital gold” in the wake of geopolitical strife, analysts note, with XAU/USD passing $1,900.

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Bank Of Russia Successfully Kicks Off Digital Ruble Trials While Fears Of An Absolute Bitcoin Ban Linger

Despite President Vladimir Putin asking his government and the central bank to hammer out a common regulatory regime for crypto assets instead of a complete ban, no consensus has been reached so far.

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Russia’s Second-Richest Man Chooses To Back The Digital Ruble Over Bitcoin

Digital ruble will render private crypto like Bitcoin obsolete, says Russian billionaire. Potanin believes that a digital ruble would be a more progressive move for Russia.   Cryptocurrency in Russia has been on a rollercoaster ride over the last few years.

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Digital ruble is ‘highest form of money,’ Russian Bitcoin critic says

The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.

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Bitcoin Overtakes Russian Ruble, Inches Closer To Top Ten Global Currencies

The leading cryptocurrency continues to absorb any and all capital in its path, causing its price and market cap to expand.  The recent uptrend and price appreciation in Bitcoin has caused the asset to outrank the Russian ruble in terms of total market cap.

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Crypto exchange Huobi adds support for RUB deposits and withdrawals

Huobi, the popular bitcoin and cryptocurrency exchange company, today announced support for the Russian ruble (RUB), allowing users to deposit and withdraw the Russian fiat currency on their platform.

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Bitcoin Surpasses Thai Baht and Russian Ruble, Becoming 14th Biggest Global Currency

Bitcoin has surpassed two major fiat currencies after soaring to $42,000

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Bitcoin’s Inferred Value Surpasses That of the Russian Ruble

According to data compiled by podcast Crypto Voices, bitcoin’s inferred value is now higher than the entire currency of the Russian ruble. Assetdash. com also says that Bitcoin is the No. 21 largest asset by market cap in the world.

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Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency

As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy.

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Russian Regulators Hammer Bitcoin Holders Amid Ruble’s Descent

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Russia tops country rating by transaction volume on LocalBitcoins

As the financial crisis deepens, and the Russian ruble fell, the demand for bitcoin jumped sharply in Russia. It became a leader in terms of transactions volume at LocalBitcoins.

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Another Demand Source for BTC In a World of Central Banks’ “Whatever it Takes” Stance

Bitcoin is up about 21% against USD YTD but a whopping 74% against Brazilian Real, 60% in South African Rand, 52% in Mexican Peso, 45% against Turkish Lira, and more than 44% in both Russian Ruble and Colombian Peso.

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Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners

The global market meltdown has indirectly benefited Russia's bitcoin miners, even as the cryptocurrency's price tumbled along with other assets.

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Binance Now Lets You Buy Cryptocurrencies with the Russian Ruble

Binance has officially added support for the Russian ruble. One can now use its Visa cards to purchase Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Ripple’s XRP with the Russian ruble.

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Binance Crypto Exchange Adds Four Trading Pairs for Russian Ruble

Cryptocurrency exchange Binance launches four trading pairs against the Russian ruble including Bitcoin, Ether, XRP and Binance Coin

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Russian Central Bank Comes out Against Bitcoin, Would Support a Ban

On November 29th, the Central Bank of Russia came out against Bitcoin, claiming that their local ruble should be the nation’s only legal tender. While nothing has been set in stone as of yet, the Central Bank is open to banning the ability to buy goods and services with Bitcoin due to the risky nature […] The post Russian Central Bank Comes out Against Bitcoin, Would Support a Ban appeared first on BeInCrypto.

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Binance Adds Euro to Fiat On-Ramp Frenzy

Cryptocurrency exchange Binance has added native platform support for the Euro through AdvCash deposits. Changpeng Zhao, the founder and CEO of Binance, indicated that many fiat currencies will be added to the platform whilst announcing support for the Russian Ruble last week, November 8, 2019.

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Binance Announces Support for Russian Ruble, Plans to Support More Currencies

Crypto exchange kingpin and CEO of Binance, Chanpeng Zhao, confirmed that Binance will support a fiat-to-crypto on-ramp for the Russian Ruble within two weeks. This announcement came from Zhao’s presentation at the Open Innovation Conference in Moscow, Russia.

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Bitcoin is the 11th largest monetary system in the world, ahead of Korean won

Bitcoin’s current market capitalization would make it the 9th largest monetary system in the world, ahead of the Korean won and behind the Russian ruble. Bitcoin continues to grow The monetary base is defined by the US Federal Reserve as: “The sum of currency in circulation and reserve balances—deposits held by banks and other depository […] The post Bitcoin is the 11th largest monetary system in the world, ahead of Korean won appeared first on CryptoSlate.

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Bitcoin Is now the 8th Largest Currency in the World

Bitcoin has overtaken the Russian Ruble and the Korean Won to become the eighth largest currency in the world by monetary base.   Bitcoin Exceeds Korea’s Monetary Base According to a chart released June 18, 2019, from Crypto Voices, bitcoin is now the eighth largest currency in the world by monetary base surpassing Korea Won (data recordedRead MoreRead More.

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Russia Central Bank Mulls Gold Standard for National Cryptocurrency

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble.

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Venezuela and Russia in Talks to Use State-Backed Petro Cryptocurrency for Bilateral Trade

Venezuela, a South American country embroiled in a bitter political impasse, is negotiating with Russia over abandoning the USD in their bilateral trade settlements. The two countries are in talks over the use of the Russian ruble, according to Jorge Valero, Venezuela’s representative in UN’s Geneva offices.

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OKEx expands fiat-to-token trading options with Euro, Lira and Ruble

CryptoNinjas OKEx, a Malta-based bitcoin and crypto asset exchange from OKCoin, today announced the launch of Euro (EUR), Turkish Lira (TRY), and Russian Ruble (RUB) markets on the fiat-to-token enabled trading platform.

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Mining Bitcoin or the ‘Crypto-Ruble’ Just Another Form of Counterfeiting, Claims Russian Banking Chief

The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace Russian Ruble was counterfeiting the state-backed fiat.

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Russian Bank VTB Head Andrey Kostin Akins Bitcoin Mining To Counterfeiting, Not A Fan Of Crypto Ruble

Andrey Kostin The Head Of The Russian Bank VTB Compared Crypto Mining With Counterfeiting The head of the Russian bank VTB, Andrey Kostin, has compared cryptocurrency mining activities with counterfeiting.

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Kremlin Economist Suggests Russia May Avoid US Sanctions By Investing in Bitcoin

Sanctions from the US have hit the Russian ruble, but reports say the Kremlin is taking steps to reduce the impact with cryptocurrency. According to Vladislav Ginko, a Russian economist with ties to the Kremlin, the government is planning a Bitcoin investment to replace part of its US dollar reserves.

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Russia Sells US Assets, Might Move Away From Trading in Dollars as Ruble Falls 8% in Days, Bitcoin at a Premium

Russia has been selling US securities amid new sanctions, but has no plans to start shutting down US companies, according to Russia’s Finance Minister Anton Siluanov. “We have lowered to the.

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