Russia Financial News

Crypto.com continues to build its brand on the back of its social presence. Notably, by partnering with the Red Cross Red Crescent, Crypto.com is making the most of the ongoing hype for crypto donations to Ukraine. 

Bitcoin broke out of a narrow trading range and wiped away this year’s losses amid a broad rally for cryptocurrencies, sparking speculation that the biggest digital asset could advance past the $50,000 mark soon. The token rose as high as $47,583 on Monday, well above the $35,000-to-$45,000 band where it’s been stuck since early January. With the fresh gains, Bitcoin is now up about 1.9% for the year, compared with a 4.7% decline for the S&P 500. Ether similarly bounced as much as 3.7% to $3,358 on Monday, while altcoins such as Solana’s SOL, Avalanche’s AAVE and Dogecoin rose between 5.5% and 9.4%. Bitcoin may encounter its next resistance level at $52,000 and should it break through that, it could advance to $65,000 — not far off the all-time high it reached in November, according to Fadi Aboualfa, head of research at Copper. Rick Bensignor, the president of Bensignor Investment Strategies, said in a note Sunday that Bitcoin is “on the verge of a 20% run higher.”

As Bitcoin struggles to claim its status as a safe haven, analysts seem divided. On the other hand, Bitcoin maximalists have been undeterred by market swings to consider BTC as the ‘new gold.’

Tina Fordham’s time is in demand. The first and one of the only chief political analysts at a Wall Street bank, she is going it alone after more than 20 years at Citigroup to start her own geopolitical consultancy — just as Russia is launching a full-scale invasion of Ukraine.

Japan will revise changes to the economic sanctions levied on Russia following Moscow’s invasion of Ukraine. Of late, several reports have alluded to Russia’s efforts to evade the sanctions using crypto-assets. Japan is the latest to amend its foreign exchange laws to avoid this, something confirmed by top government officials.

A federal judge on Monday ordered the release of more than 100 emails from Trump adviser John Eastman to the House committee investigating the insurrection at the U.S. Capitol, asserting it is “more likely than not” that former President Donald Trump committed crimes in his attempt to stop the certification of the 2020 election.

Russian Oligarch Roman Abramovich and Ukrainian peace negotiators were the victims of a suspected poisoning earlier in March, reports say.

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Russia appears keen to foster its Bitcoin (BTC) and crypto mining sector – and appears to have assured miners that sanctions, imposed due to Russia's invasion of Ukraine, will not impede their ability to continue mining tokens. However, the long legal struggle for legalization is continuing – despite the intervention of some of the nation’s most senior politicians.

Credit Suisse is relocating staff out of Russia and not pursuing any new business in the country, as global banks pull back in the wake of its invasion of Ukraine.

French far-right candidate Eric Zemmour came under fire on Monday after supporters at his Paris rally repeatedly called President Emmanuel Macron a "killer".

One of the last independent news outlets in Russia has announced it's closing down.

Russian oligarch Roman Abramovich and Ukrainian peace negotiators suffered symptoms of suspected poisoning after a meeting in Kyiv earlier this month, people familiar with the matter said.

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Ukraine, which has waged a staunch defense against Russian invasion, says it has pioneered a new source of financial support: people around the world who have donated millions of dollars directly to its war effort via cryptocurrencies such as Bitcoin.

US lawmakers asked Credit Suisse to hand over information related to the bank’s compliance with sanctions over Russia’s invasion of Ukraine.

The ruble is in a central-bank-induced coma.

Yanis Varoufakis, a former finance minister of Greece, is leader of the MeRA25 party and professor of economics at the University of Athens

Russian Deputy Minister of Energy Evgeny Grabchak proposed eliminating the legal vacuum around crypto mining in the country and introducing clear regulation. This statement continues the recent streak of support for the crypto industry among the officials. 

Poland, which shares a long border with Ukraine, has taken the brunt of the refugees fleeing Russia's invasion of their southern neighbour.

Spain's government is readying a package of emergency economic measures worth €6 billion in direct aid and tax breaks and €10 billion in loans for families and businesses affected by the fallout from Russia’s invasion of Ukraine, Prime Minister Pedro Sánchez said on Monday.