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Sanctions? Russia is now using bitcoin for international trade

Can one be a staunch crypto backer and a supporter of U.S. dollar supremacy? That stance could become a dilemma for President-elect Donald Trump, who has touted both goals for his next administration. Case in point: As U.S. sanctions complicate Russia`s international trade, the country is turning to bitcoin ( BTC-USD ) and other digital currencies for payments across its borders. "As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia [in foreign trade transactions]," Finance Minister Anton Siluanov told the Russia-24 TV channel. "Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year." The news follows the Kremlin`s recent approval of a tentative legal framework involving Russian crypto miners and supportive comments of the sector earlier this month by the country`s top leader. "A legitimate question: why accumulate [dollar] reserves if they can be lost so easily?" Vladimir Putin said at the Investment Forum in Moscow. "Who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies, and no matter what happens to the dollar, these tools will develop one way or another because everyone will strive to reduce costs and increase reliability." More on sanctions Russia and Iran link payment networks to shake off sanctions U.S. prepares new sanctions to curb Russia`s military capabilities, Yellen says Can U.S. sanctions on Russia backfire on the dollar`s dominance? Bitcoin World

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$MOCA Price Soars 42% Amid Major Wallet Transfers And NFT Market Growth

Over the past two hours, Mocaverse’s Operational Expenses and Liquidity wallets have moved 24.5 million $MOCA tokens, worth approximately $10 million, to major exchanges including Gate.io, KuCoin, Bybit, and Bitget. This activity is believed to be tied to market-making efforts, potentially enhancing $MOCA’s liquidity and trading presence. Over the past 2 hours, the #Mocaverse Operational Expenses and Liquidity wallets transferred 24.5M $MOCA ($10M) to #Gateio , #KuCoin , #Bybit , and #Bitget , likely for market making. The price of $MOCA has surged by 42% today. https://t.co/nrFOnJH4YU https://t.co/K6gqSVmVEb pic.twitter.com/Tuoq9K67Vs — Lookonchain (@lookonchain) December 25, 2024 This development coincides with a significant 42% surge in the price of $MOCA today, marking a period of extraordinary growth for the token. Such momentum has also fueled the success of the Mocaverse NFT ecosystem, which has been delivering exceptional performance metrics in recent weeks. In the past 30 days, @Moca_Network NFTs have seen a remarkable 392% increase in total trading volume, highlighting their growing popularity and demand among collectors. Furthermore, the floor price of these NFTs recently hit an all-time high of 4.15 ETH, demonstrating robust value appreciation. All I want for christmas is MOCA Concurrent with the extraordinary growth of $MOCA recently, @Moca_Network NFTs have exhibited exceptional performance metrics: 1⃣The total NFT trading volume has experienced a 392% increase over the last 30-day period. 2⃣The floor price… pic.twitter.com/KFUgYcey9G — NFTevening ɢᴍ (@NFTevening) December 25, 2024 Another notable aspect is the decentralized nature of Mocaverse’s NFT ownership. The heterogeneous distribution of NFT holdings underscores the project’s commitment to ensuring a broad and balanced allocation within its community, reinforcing its decentralized ethos. As $MOCA continues its upward trajectory and Mocaverse NFTs achieve new milestones, this dual success showcases the ecosystem’s strength and potential for sustained growth. With increasing market attention and active community engagement, Mocaverse appears well-positioned to solidify its presence in both the token and NFT landscapes. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: surachaipung/ 123RF // Image Effects by Colorcinch Bitcoin World