Russian Billionaires Lose Nearly $40 Billion On First Day Of Russian Invasion...
Russian billionaires were already feeling the pinch as tensions between Ukraine grew. After Russian President Vladimir Putin decided to attack Ukraine, their net worth plummeted dramatically. They lost nearly $40 billion in less than 24 hours. Financial analysts believe the current Ukrainian scenario to be one of Europe’s most serious security crises since World War […]
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Authorities expect to collect more than $13 billion as tax payments from the crypto market in Russia, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles to Enter State Coffers in Russia as Crypto Taxes, Analysts Say While ministries and regulators are debating over Russia’s future crypto policy, a document leaked to the press has provided details about the conversations. Sources recently quoted by Bloomberg revealed that, according to an estimate....
Bitcoin price, in the face of a possible Russian invasion of Ukraine, is shedding 0.7% of its value and is currently trading at $43,352 on Coingecko charts Thursday, retreating from the $47,000 level it hit on January 1. Ethereum (ETH), the second most popular cryptocurrency also, is also down 2.14% to $2,873. The world’s most valuable cryptocurrencies are on the decline Thursday as news of a possible military action by Russia on Ukraine sends markets into a tailspin. Russian Invasion Jitters Jolt Top Cryptos Bitcoin is losing 3% of its value as Western jitters about Russian aggression on....
Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing in fiat currency, the Riga-based website now accepts several digital coins. Meduza Pulls Journalists out of Russia, Seeks Crypto Support The war in Ukraine has affected Russian-language news site Meduza in more than one way, a report by Bloomberg reveals. Soon after the Kremlin launched its....
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face financial restrictions.
Authorities in Thailand Consider Accepting Cryptocurrency From Russian Visitors
Talks are underway between the Phuket Tourist Association (PTA) and the Bank of Thailand (BOT) to find alternative payment methods, including cryptocurrency, for Russian tourists visiting....
According to Chainalysis data, Russia's stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets. A new report from blockchain analytics firm Chainalysis has shown a surge in stablecoin usage in Russia following the Russian invasion of Ukraine, which has since seen sanctions and inflation impacting the country. Released on Oct. 12, the report revealed that the share of stablecoin’s transaction volume on primarily Russian services increased from 42% in January to 67% in March following the invasion, and has continued....