Tag: conflict

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

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The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This Year The digital ruble is “very much needed,” First Deputy Chairman of Bank of Russia Olga Skorobogatova has recently remarked in a statement quoted by business news portal RBC’s crypto page. The regulator will…

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Ukraine, Russia Conflict Showcases Bitcoin

[ad_1] “There’s a problem with bank accounts, something happened… the transactions are being stopped, for whatever reason.” –Ukrainian activist Walter Lekh, in a Twitter Spaces conversation discussing avenues of donation in support of Ukraine. Developments in Eastern Europe have taken center stage for much of the world in the past few days. Aggressive and consistent flows of reporting from the ground in Ukraine as the country sees Russian troops invade are dominating social feeds and headlines. Coming out of these updates of conflict and bloodshed have been reports of non-governmental…

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$89M flows into Bitcoin funds despite looming conflict, but ETH funds are negative

[ad_1] Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to ba Ethereum (ETH) investment products, which saw outflows totaling $15.2 million. Despite Cointelegraph reporting earlier this week that activity on the Bitcoin network was down 30% since its ATH levels three months ago, digital gold appears to be the asset of choice for sophisticated investors of late. According to CoinShares’ Feb. 22 “Digital Asset Fund Flows Weekly” report, BTC funds have…

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