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Russia is Considering Selling Its Oil and Gas for Bitcoin as Sanctions Intensify From The West

By |2022-04-19T10:07:00+00:00April 16th, 2022|Currency Central|

From CNBC Faced with stiffening sanctions from Western countries over its invasion of Ukraine, Russia is considering accepting bitcoin as payment for its oil and gas exports. In a videotaped news conference held on Thursday, the chair of Russia’s Duma Committee on Energy said in translated remarks that when it comes to “friendly” countries such

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Oil Surges To Session Highs After Report EU Drafting Ban On Russian Crude

By |2022-04-19T10:23:55+00:00April 14th, 2022|Currency Central|

From Zero Hedge Not one day seems to pass without the EU taking an aggressive step toward comprehensive self-destruction. Today, we learn that the "not-quite-yet-green" continent is doing everything it can to make investors in evil fossil fuels and commodity bulls even richer as after weeks of waffling, European officials are drafting plans for an

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US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List

By |2022-04-14T06:31:15+00:00April 7th, 2022|News|

The move came alongside action by Germany, which earlier on Tuesday announced the shutdown of Hydra Market and seizure of $25 million in bitcoin, Russia. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russia-based Hydra Market, calling it the world's largest and most prominent darknet market. “The global threat of cybercrime and ransomware

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Oil, the Ruble, and Gold Walk Into a Bar…

By |2022-04-14T07:30:45+00:00April 6th, 2022|Currency Central|

From Zero Hedge There is a Narrative about Russia and how it will change the monetary system. Many analysts in the gold community are promoting this story. There’s just one problem with this Narrative. It is like how Michael Crichton described the Gell-Mann Amnesia Effect, stating that the newspaper is full of stories explaining how

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What is the Market Rate?

By |2022-04-14T08:15:50+00:00April 5th, 2022|Currency Central|

From OFX The market rate, also known as the ‘interbank’ or ‘mid-market’ rate, is used primarily for consumers as a benchmark. It is essentially a ‘wholesale’ rate that is typically only available to large financial institutions, like banks, when they purchase large amounts of currency. That’s often not the rate that is then translated to

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Sanctions Against Russia May Hurt USD Dominance, Central Banks May Shift To Other Currencies: Barclays

By |2022-04-14T09:34:04+00:00March 31st, 2022|Currency Central|

From Financial Xpress “It is often claimed that there is no clear alternative to the USD as the world’s global reserve currency, but instead of a single reserve currency the world could move to a broad set of alternative currencies,” Barclays said in a note. The sanctions imposed by Western countries such as the United

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What a U.S. Digital Dollar Means for the Future of Your Wallet

By |2022-04-14T10:06:44+00:00March 30th, 2022|Currency Central|

From Bloomberg.com Advocates see lower-cost transactions and greater access to the financial system, but critics worry about privacy. The world’s reserve currency may be about to go digital dollar, potentially transforming the way Americans move and use their money. On Wednesday, the White House directed federal agencies from the Treasury to the Commerce Department to

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Which Major Currency Will Be The First To Fall?

By |2022-04-14T10:50:16+00:00March 29th, 2022|Currency Markets|

Authored by Bruce Wilds via the Advancing Time blog, ...Could the euro beat the Yen in the race to the graveyard? Before saying anything else, it is important to note, that when it comes to the major currency, it is safe to assume they are manipulated by the central bank. It is in the best

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Ukraine Crypto Fundraiser Wants EU to Investigate Whether Binance Is Helping Russia

By |2022-04-14T12:06:52+00:00March 29th, 2022|Currency Central|

From CoinDesk When asked for proof, Michael Chobanian argued it is "obvious we don’t have proof since it is a closed box.” The European Union should “investigate” whether the Binance crypto exchange is "cooperating" with the Russian government to circumvent sanctions imposed after Russia's invasion of Ukraine, said Michael Chobanian, founder of Ukraine's Kuna exchange.

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Biden is Planning a New Digital Currency. Here’s Why You Should Be Very Worried

By |2022-04-14T12:39:34+00:00March 27th, 2022|Currency Markets|

From The Hill Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the "highest urgency," it should go without saying that the press should pay close attention to what's going on. Even more importantly, the

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