Russia Utilizes Crypto for Oil Exports to China and India
Russia is using cryptocurrencies such as Bitcoin, Ethereum and Tether to facilitate oil exports to China and India, circumventing Western sanctions.
Bitcoin is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing secure and transparent transactions without the need for intermediaries such as banks.
117 PostsRussia is using cryptocurrencies such as Bitcoin, Ethereum and Tether to facilitate oil exports to China and India, circumventing Western sanctions.
QCP Capital analyses the impact of Trump's victory on financial markets, highlighting the correlation between the collapse of technology stocks and future economic prospects.
Mark Carney, the new Prime Minister of Canada, is not a supporter of cryptocurrencies. His past as a central banker worries the industry.
If the Fed does not cut rates in 2025, the market could crash. Timothy Peterson warns that Bitcoin could fall as low as $70,000.
President Trump signed an executive order to establish a strategic reserve of Bitcoin, using cryptocurrencies already held by the government.
On 7 March 2025, the White House will host a crypto summit with industry leaders to discuss new regulations and the creation of a strategic cryptocurrency reserve.
Trump's announcement on the creation of a strategic cryptocurrency reserve, including XRP and ADA, initially drove prices up. However, criticism led to a significant drop in prices.

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