BRICS is reeling under pressure as the UK has joined the US in tightening Russia’s liquified natural gas (LNG) supply. In a latest turn of events, the UK announced it…
The US dollar had one of its worst first halves of the year in a long time. The DXY was down by more than 10% after the first half of…
The US Treasury Department has re-designated
Moscow-based cryptocurrency exchange Garantex and sanctioned its successor,
Grinex, along with three executives and six associated companies in Russia and
the Kyrgyz Republic. Officials say Garantex processed…
Sberbank, Russia’s largest bank and lender, says it plans to offer crypto custody services, according to a Thursday announcement. Like the US, Russia’s central bank has begun to soften its…
Russia’s energy ministry has launched a national registry of crypto mining rigs to weed out miners that dodge tax payments and illegal setups that steal power from the grid. State-run newspaper…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureA former electric‐grid executive in Russia has lost roughly ₽7 million (about $88,570) in Bitcoin after law enforcement…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureSberbank, Russia’s largest bank, has started offering a new bond product tied to Bitcoin’s price. Based on reports,…
Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate.The product is already available to qualified investors…
Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial…
The global growth of the cryptocurrency market continued in a major way Monday as Sberbank, the largest bank in Russia, officially announced the launch of Bitcoin-tied structured bonds. Indeed, the…