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Authorities and major crypto exchange

Russia’s Legislative Body Adopted a Bill Related to Crypto

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On July 22, the Russian State Duma passed a bill titled “On Digital Financial Assets” in its final third reading. Importantly, Russia passed a major bill connected with cryptocurrencies. It is worth mentioning that Russian authorities finally agreed to provide legal status to cryptocurrencies. Interestingly, following this decision, the “On Digital Financial Assets” bill or …

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Russian bank and new opportunities

Russia as the world’s largest producer of gold by 2029.

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World gold production will continue growing in the coming years. It’s due to the increase in the price of gold and the incorporation of operations between large mining companies. Russia will be the country that takes advantage of its resources the best. In fact, some expect it to replace China as the world’s largest producer …

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Daily Market Charts and Analysis July 03, 2020

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Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNOK The mixed results from the eurozone are causing investors to flee the single currency. The European Union’s big four countries – Germany, France. Italy, and Spain – posted several key results today, July …

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Daily Market Charts and Analysis June 19, 2020

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Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCHF The Swiss franc momentarily weakened after the news about the Swiss National Bank’s monetary policy decision this June. The pair is seen struggling to gain proper momentum this Friday. Luckily for bearish investors, …

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Crypto industry and Sberbank

Russia’s Largest Bank wants to Purchase Blockchain ATMs

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Russia’s largest bank made the decision to purchase thousands of ATMs with a built-in graphic card capable of supporting “blockchain operations”. The state-owned bank has called for tenders to provide 4,917 ATMs equipped with a graphics card. Interestingly, the most obvious reason to purchase such ATMs is to use them for crypto mining. Let’s have …

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How Close is Russia to a Complete Default?

Russia prepares pump oil after the OPEC deal expires

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Once the global agreement on the production cuts expires in 2022, the Russian government plans on drilling idle oil wells to prepare for the restoration of oil output. The Russian government has published the statement on its approval of the program on Tuesday.  At the beginning of April, the Organization of the Petroleum Exporting Countries …

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Charts

Daily Market Charts and Analysis May 27, 2020

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Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNOK Right now, the fundamentals are mainly supporting the Norwegian krone, helping it to recover against the single currency. Technically speaking, the krone is a commodity currency, meaning that it’s very much affected by …

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Pound rose against U.S. dollar and euro. What about Aussie?

Pound rose against U.S. dollar and euro. What about Aussie?

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Major currencies fluctuated during Friday’s trading session. The pound rose against the U.S. dollar and the euro. It held steady at $1.2465 on Friday, heading for a 1.6% gain this week. The sterling strengthened after British Prime Minister Boris Johnson left intensive care following his hospitalization for coronavirus symptoms. Meanwhile, an agreement between Saudi Arabia and …

Pound rose against U.S. dollar and euro. What about Aussie? Read More »

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