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Crypto news: Russia may accept BTC for oil and gas

By Daniela Ešnerová


Updated

Coin with bitcoin (BTC) logo against flag with Russian background.
Russia has said it will accept bitcoin in payment for oil and gas from countries it deems “friendly’ – Photo: Shutterstock

Russia is considering accepting bitcoin (BTC) as payment for oil and gas from “friendly” countries, while it will keep requesting rouble payments for oil and gas exports to “unfriendly” countries (those that oppose its actions in Ukraine via economic sanctions), said Peter Zavalny, chairman of Russia’s State Duma Energy Committee.

Russian President Vladimir Putin said that the country will seek payments in roubles for oil and gas from countries it deems unfriendly – including EU member countries, the UK and the US – after the rouble plunged following his decision to invade Ukraine.

Quote of the day:

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, a long-term critic of cryptocurrencies, tells Capital.com what he thinks about buying bitcoin as an inflation hedge:

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BTC/USD

64,813.85 Price
-0.050% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.12 Price
-1.940% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

XRP/USD

0.62 Price
+5.960% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

ETH/USD

3,429.87 Price
-0.480% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00
“Obviously, there are going to be some people who speculate in crypto if they feel they need an alternative to money but all they are doing is moving from the frying pan into the fire.”

Chart of the day: MANA soars as Decentraland kicks off Metaverse Fashion Week 

MANA, the Ethereum-based token used in virtual reality platform Decentraland, rallied as it the first-ever Metaverse Fashion Week kicks off on Decentraland.

Performance chart of MANAMANA rallies as Decentraland hosts the first-ever Metaverse Fashion Week – Credit: TradingView

Top cryptocurrency coins by market capitalisation

As of 11:30 UTC:

Winners and losers

  • Axie Infinity (AXS) jumped by 13.8% over the last 24 hours, and 49.62% over the last week.
  • ApeCoin (APE) was down 11.7% over the past seven days of trading.

Markets in this article

AXS/USD
AXS/USD
6.28 USD
0.09 +1.490%
AXS/USD
AXS/USD
6.28 USD
0.09 +1.490%
BNB/USD
Binance Coin / USD
579.98 USD
-2.34 -0.410%
BNB/USD
Binance Coin / USD
579.98 USD
-2.34 -0.410%
BNB/USD
Binance Coin / USD
579.98 USD
-2.34 -0.410%

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