News

US Sanctions Can Trigger Russia's Bitcoin Acquisition

ABD Yaptırımları Rusya'nın Bitcoin Alımını Tetikleyebilir

Vladislav Ginko, an academician in the Russian National Presidency of the National Academy of Economics and Public Administration of Moscow, expects to make a big investment in Bitcoin until February.

Ginko expects that Russian bitcoin purchases will likely trigger an upward trend in bitcoin prices next month. Ginko has announced that this projected bitcoin investment will stem from the need to diversify cash reserves as Russia prepares for next sanctions from the US Congress.

Ginko,

“Due to US sanctions only Bitcoin It can be lightened by the use. kullanım

Ginko predicts that in the coming weeks there will be big Russian investment in Bitcoin. Mr. Ginko, who is a graduate of Saint Petersburg State University, has previously been involved in many government relations and investment roles over the past 20 years.

I Due to US sanctions, Russia's elites have USA and to invest in Bitcoin to a large extent. Russia the central bank holds a reserve of 466 billion dollars and the money needs to be diversified if there is diversification (in the future). "

Ginko appeared several times on Russian state television and radio, sharing his analytical comment on the Russian economy, suggesting that the Kremlin could return to bitcoin to get rid of US sanctions.

US Sanctions Can Trigger Russia's Bitcoin Acquisition

Ginko explaining the posture,

”I, as an expert economist from the Russian National Academy for Economic and Public Administration, support the Russian society to invest in the reserves of the central bank instead of bitcoin.“

said. Nevertheless:

Vladimir Putin, fintechAlthough Russia has described the country as an extraordinary means of survival for its economy, Russia has been particularly vague about this issue. In addition, Putin never mentioned his passion for alternative reserve currencies.

Putin advocates the adoption of such alternative currencies on the 'Russia Calling' investment forum in Moscow in November 2018. The Russian leader's proposals face a worsening of US-Russian relations, which have negatively affected the Russian economy.

Putin,

. We have no goal of not using the dollar, but the dollar is moving away from us due to sanctions. With such decisions, America is hitting itself in the foot. Bu

Finansal Because there is instability when it comes to doing business with the dollar, and this instability is giving rise to the desire to find alternative reserve funds and create an independent financial system from the dollar. This transformation has started to happen all over the world. Bu

said.

With that in mind, Ginko continues to believe that a bitcoin bull race may take place next month, pointing to the possibility that Russia's elite will return to encryption currency as US sanctions begin to rise.

Source: Cryptoinsid is

Related Topics:USA Bitcoin Bitcoin news Bitcoin News dollar heading Russia

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph