America Seizes All Assets in US and USD of Russia’s Central Bank

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Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict

Bitcoin and gold have been going head to head in performance in light of the recent crisis between Russia and Ukraine. As the conflict rages on, the financial markets have been hit hard. Russia saw its stock market crash over 45% and other financial markets have equally seen declining prices.

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First Mover Americas: Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War

Bitcoin was trading flat to negative even as the European stocks and the S&P 500 futures got a slight tailwind.

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De-Dollarization Drive: Russia Could Turn To Crypto For A Way Out Only Under These Conditions

Russia plans to stop all unregulated crypto activities within the country. But the CBR will accept compliant cryptocurrency investment in stablecoins that can be backed by gold reserves to compete against the US Dollar.

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Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization

Russia is now holding more gold than U. S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian economy’s exposure to the U.

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$127 Billion of Gold Discovery Brings Elation in Bitcoin Community

A huge amount of gold reserves has been discovered in Russia that has elated the bitcoin community. The largest gold producer of Russia, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves — 40 million ounces of proven reserves with an average gold content of 2.

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40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset

News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource.

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Research: Bitcoin and other cryptocurrencies are more popular than gold among investors from Russia

In Russia, cryptocurrency is more popular investment than gold, a new survey shows. However, both of them can't compete with bank deposits and real estate.

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New Estimate: Siberian Gold Deposit Is the World’s Biggest by Reserve

Russia’s largest gold producer Polyus PJSC announced a new estimate on Thursday, Oct 22, for its enormous, untapped Sukhoi Log gold deposit in Siberia. The estimate indicates that reserves at Sukhoi Log are bigger than initially thought, making it the world’s biggest by reserves.

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Gold Devaluation Incoming as World’s Biggest Reserve Discovered

Some $76 billion worth of gold has been discovered in Siberia with Russia’s biggest gold miner, Polyus, stating it is the largest gold deposits in the world. The Sukhoi Log...

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World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia

According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold.

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Putin – this is serious! Real crypto will start to rise from Russia: exclusive

The Russian statement on the tokenization of strategically important metals, including palladium, platinum and gold, can play a decisive role in the development of the cryptocurrency market. In Russia, formally operates the form of government “republic”.

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A bomb: Russia calling for tokenization of gold

Like a bolt from the blue, a statement was made in Moscow by Russian oligarch Vladimir Potanin, CEO of Norilsk Nickel, on the tokenization of metals produced, including palladium, platinum, nickel and even gold.

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World Gold Council Studies Interest in Gold Versus Crypto: 18,000 Weigh In on Speculation and Risk

The World Gold Council recently issued a survey that addresses how and why people in various countries, including India, China, Canada, Germany, Russia, and the United States, purchase gold in the wider context of retail investment and luxury goods in general.

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Interest in Bitcoin Versus Gold Surging for All Age Groups

The World Gold Council hit back at the high-profile Drop Gold campaign, arguing investors see crypto as risky and speculative. But do the figures support that assertion? The council released the results of a survey of 18,000 people in India, China, the U.

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Danske Bank Caught Using Gold Bullion to Launder Illicit Funds

The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period.

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Russia and China Are Buying Gold, Not Bitcoin: Gabelli Analyst

Chris Mancini claims that the world's governments will turn to gold instead of Bitcoin in case of an economic crisis

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Hyper-Bitcoinization Is A Possibility As Central Banks Continue Stacking Gold; Driving Up The Price

Bitcoin enthusiasts and investors are looking forward to the day central banks will start stockpiling the digital asset as the hunger for hard assets increases. Central banks around the world are moving towards gold as a store of value as de-dollarization picks up pace as US wars continue with China, Iran, Russia and other sanction-able […]

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China and Russia Hungry for Hard Assets, Could Bitcoin Benefit?

Central banks hoarding gold is thought to be accounting for a lot of the buying pressure sending the price of the precious metal upwards recently. Such a hunger for hard assets may one day see banks stock piling Bitcoin as part of their de-dollarisation efforts.

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Investor Says Bitcoin is the Next Frontier for Central Banks: Drop Gold

While shunning Bitcoin (BTC), central banks have embarked on somewhat of a gold buying spree. Russia’s monetary authority, for instance, now owns over $100 billion worth of the precious metal, which amounts to over 2,000 tons, after purchasing 20 tons just weeks ago.

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Oil coin, gold, nickel and palladium coins: Russian Norilsk Nickel launches stablecoin

The unique ability of cryptocurrencies to realize global payments is already used by several economies, mainly depressed or under sanctions. It seems that Russia intends to go this way – at the expense of nickel and palladium.

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Bigger Than Russia – Bitcoin Now 8th Largest World Currency

Still think Bitcoin is a passing fad? Here’s a news flash for you. At $8,940, it’s bigger than Russia’s monetary base. That makes Bitcoin the eighth largest currency in the world. And the price keeps on climbing… Which Countries Have the Biggest Monetary Base in the World? The answer might surprise you.

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Russian Gold-Backed Crypto Slams the Global US Dollar Standard

By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard.

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Blue Hill Foundation ICO

Blue Hill Foundation is a 24% co-owner of the “Blue Hill Mine”, a mining project with concession numbers 14307X & 14308X, forecasted to have one of the largest copper reserves in Asia. The “Blue Hill Mine” is located in Mongolia between the two industrial giants: Russia and China.

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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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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.

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Bank of Russia Could Turn To A Gold-Backed Cryptocurrency

The head of the Bank of Russia told a Russian governmental committee that they would consider creating a gold backed cryptocurrency. Elvira Nabiullina spoke in front of the Duma and suggested that a gold-backed cryptocurrency could be a solution for cross border payment issues that arise for Russians.

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Russian Central Bank ‘Would Consider’ Creating Gold-Backed Cryptocurrency

Russia’s central bank would consider creating a new cryptocurrency backed by gold for international settlements. Gold-Backed Crypto Could Have Use In Settlements That was the latest information to come from Elvira Nabiullina, head of the Bank of Russia, speaking to the country’s parliament, the Duma, about current plans involving cross-border finance.

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Central Banks Led by Russia and China Ditching Dollar for Gold Hits Highest Level in Six Years

World Gold Council reports 145.5 tons of gold being bought by central banks in the first quarter of 2019 and further expects this demand to stay strong for the rest of the year. In the first quarter of this year, gold purchases by central banks were the highest in six years as countries ditch the […]

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Nations Continue to De-Dollarise by Hoarding Gold: Is Stockpiling Bitcoin Next?

According to a report by the World Gold Council, central banks have been buying more gold this first quarter than they have in the previous six years. The efforts to diversify away from the US dollar are being led by China and Russia.

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Kremlin Makes Bold Claims About Possible Russian Gold Coin Claims, But Bitcoin Would Win Out

While Bitcoin $BTC is doing is normal dancing in the charts today, in recent years, Russia has become the largest buyer of gold in the world. They’ve purchased 4x more gold in the last year then they held in their reserves.

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Russia’s ‘Gold-Backed Crypto’ Would Lose to Bitcoin, Says Kremlin Economist

Russia and China buying up gold may be setting the stage for a gold-backed cryptocurrency, suggests a former EU minister. However, such a scheme would still be inferior to Bitcoin, according to Russian economist Vladislav Ginko.

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Here’s How Much Bitcoin Countries Need to Replace Their Gold Reserves

New research from a digital asset management firm estimates the amount of BTC governments have to accumulate if Bitcoin were to replace the current gold reserves. ‘Governments Have Some Accumulating to Do’ Digital asset management firm Blocktown Capital has estimated the amount of BTC governments would have to accumulate if Bitcoin were to replace the current gold reserves.

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Rumors Russia Preparing to Launch a Gold Backed Crypto Says Former Europe Minister For Portugal

Russia has been buying tons of gold for months, with their central bank buying more gold than produced by Russian mines for the first time. They might now start importing... The post Rumors Russia Preparing to Launch a Gold Backed Crypto Says Former Europe Minister For Portugal appeared first on Trustnodes.

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Russian Gold Stockpile Grows as Analysts Warn of Global Recession

Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U. S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt.

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Russia Leads Central Banks’ Record Hoarding on Physical Gold, Expert Explains When the Switch to Bitcoin

The amount of gold bought by central banks in 2018 has reached the second highest annual total. Since 1967, this is the most amount of gold volume bought by central banks. According to the World Gold Council estimate central banks now hold about 34,000 tons of gold.

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Iran releases gold-backed cryptocurrency

Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.

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Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor

A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U. S. sanctions, a move that could happen “in a matter of weeks.

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“The Everything Bubble Will Pop”

Despite the quiet price on gold: there are current serious gold buyers bidding this market. Wall Street is now automated – fewer humans & more robots. Russia didn’t need to hack Hillary – they had her password! We discuss new stewardship of monetary policy as well as the impact of automation within Wall Street. Algorithmic […]

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