Fwd: BTC-USD: Bitcoin breaks over $41K as ruble-denominated bitcoin volume surges
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From:
SA Breaking News <account@seekingalpha.com>Date: Mon, Feb 28, 2022, 8:55 AM
Subject: BTC-USD: Bitcoin breaks over $41K as ruble-denominated bitcoin volume surges
To: Richard Dwyer <
esquire777@gmail.com>
Bitcoin (BTC-USD) on Monday is zooming past $41K per token as trading volumes between the Russian ruble and BTC jump to ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin (BTC-USD) on Monday is zooming past $41K per token as trading volumes between the Russian ruble and BTC jump to a nine-month high, CoinDesk reported, citing data from crypto research provider Kaiko. Bitcoin (BTC-USD +4.9%) is climbed to as high as $41.3K on strong volume and ethereum (ETH-USD +1.1%) is rising toward $2.85K. The global crypto market cap is up more than 2% in the past 24 hours. It appears the Western sanctions against Russia and central bank restrictions on trading have triggered a flight from the ruble, as ruble-denominated bitcoin volume jumped to nearly 1.5B RUB on Thursday, the highest since May, CoinDesk highlighted. "The activity was concentrated on Binance," Kaiko Research Analyst Clara Medalie told CoinDesk via email. "Bitcoin-Ukrainian hryvnia volume has also spiked, but not as high as October levels. BTC-UAH only trades on 2 exchanges – Binance and LocalBitcoin." Note the ruble is plummeting almost 25% against the U.S. dollar as sanctions heat up. In the wake of payment restrictions imposed on Russia, virtual currencies could offer the world's third largest bitcoin (BTC-USD) miner a workaround sanctions, thus reducing the "efficacy of American sanctions," the U.S. Treasury reported in its 2021 sanctions review. Cryptos "offer malign actors opportunities to hold and transfer funds outside the traditional dollar-based financial system, the department explained. "They also empower our adversaries seeking to build new financial and payments systems intended to diminish the dollar's global role." Some of the largest cryptos by market cap that are making the biggest upswings intraday include: binance coin (BNB-USD +2.6%), cardano (ADA-USD +4.5%), polygon (MATIC-USD +2.9%), wrapped bitcoin (WBTC-USD +4.9%), bitcoin cash (BCH-USD +3.2%) and Monero (XMR-USD +3.4%). See details about the West's sanctions on Russia here. This email was sent to you because you signed up to receive this Breaking News Alerts. If you do not want to receive these real-time alerts, click here to unsubscribe. Sent by Seeking Alpha, 52 Vanderbilt Avenue, 13th floor, New York, NY 10017
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Former Sun Microsystems' Scott McNealy on a Stock Price of 10X Sales
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That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes which is very hard. And that assumes you pay no taxes on your dividends which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate.
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JFK, 1962
THE PRESIDENT. If the United States refused to cash in dollars for gold, then everyone would go to the gold standard and the United States, which is the reserve currency of the whole free world – we would all be dependent upon the available supply of gold, which is quite limited.
Obviously, it isn’t enough to finance the great movements of trade today and it would be the most backward step that the United States has taken since the end of the Second World War. We have substantially improved our position this quarter, the second quarter over the first quarter. Our loss is down to almost a third of what it was in the first quarter. Our loss, based on the first and second quarter of this year, is about half of what it was last year, and about a third of what it was the year before. We hope that we can bring our balance of payments into balance by the end of next year.
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