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Russian Lawmaker Suggests Nation Could Accept Bitcoin for Oil Payments
Under pressure from Western sanctions, Russia is mulling other currency options for natural resource sales.
Updated May 11, 2023, 5:21 p.m. Published Mar 24, 2022, 4:19 p.m.
Bitcoin (BTC) could be one alternative Russia might accept as payment for oil and other resources, a Duma committee chairman said during a news conference Thursday.
- Russia, sanctioned because of its invasion of Ukraine, can sell gas to the West for rubles and gold, and to "friendly" countries such as China or Turkey for either national currency or bitcoins, said Duma deputy Pavel Zavalny.
- "If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us," Zavalny, chairman of the Duma committee on energy, according to a translation of his comments. "The set of currencies can be different, and this is normal practice, [so] you can also trade bitcoins," he continued.
- Zavalny's remarks may or may not be behind a sizable rise in the price of bitcoin over the past 90 minutes. Bitcoin is now up about 3% on the day, at $44,000 for the first time since a brief price spike in early March.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Что нужно знать:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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