Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, City, University of London._____ The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s war could now have far-reaching economic consequences, as financial markets tumble…
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Russia’s Central Bank is desperately trying to avoid a run on the fiat ruble in response to incoming sanctions measures from the EU, the United States, and their allies. And as the Ukraine crisis deepens, the bank has unleashed yet more extreme measures – which may eventually include freezing citizens’ foreign exchange funds…. Read…
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The EU claimed it has created a “package of sanctions” that will be “massive and painful” for Russia. It stated that the new sanctions would remove some 70% of Russia’s banking capabilities – but Europe appears utterly divided as to whether it should block banks from an international banking protocol…. Read More: Western Allies…
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As Russia’s president Vladimir Putin ordered a full-scale invasion of Ukraine, and Bitcoin (BTC) might play a role on both sides of the conflict, Ukraine is seemingly better prepared to embrace the nascent monetary technology. As a reminder, in October 2021, crypto analysis firm Chainalysis, in its 2021 Global Crypto Adoption Index, ranked Ukraine…
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James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares. __________ Bitcoin (BTC) had an immediate price response to the Ukraine invasion when the news broke early this morning. It has become evident that, at present, bitcoin is behaving as a risk asset,…
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Although the price of nearly all risk assets, including bitcoin (BTC) and other major cryptassets tumbled on Thursday as Russia launched a full-scale invasion of Ukraine, some are surprised as BTC performed better than expected and even recovered some of its losses. For now, BTC appears to have found firm support above the USD…
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Stefan Wolff, Professor of International Security, University of Birmingham. ____… Read More: Ukraine Invasion: What the West Needs to Do Now Read more »Pay, Trade, Buy Bitcoin with Credit Card
As bitcoin (BTC) and crypto markets in general have gone down over the past day and week, amid the escalating tension between Russia and Ukraine, sanctions imposed on the former, and today’s invasion of the latter – more questions keep popping up about the EU and the US central banks’ upcoming decisions…. Read More:…
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Many in the cryptoverse have taken it to social platforms to condemn the Russian invasion of Ukraine — with people highlighting that this will put the lives of millions of civilians at stake, adding that it is essential now to “have some perspective” and not only worry about portfolios. … Read More: Here’s What the…
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As Russia launched its military attack on Ukraine amid an international outcry, a number of fiat currencies from Central and Eastern Europe tumbled, while users’ interest in bitcoin (BTC) somewhat increased across the broader region. In the aggressor’s market, the Moscow Exchange stock exchange index plunged nearly 38% to around 1,167, in response to…
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