ramesh naikoti
@bitcoinsatoshi
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32 Followers
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Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to
ongoing sanctions.
Russia Expands Digital Ruble Pilot Program
The Bank of Russia, the Russian central bank, announced earlier this month that it will expand the pilot program for the country’s central bank digital currency (CBDC), the digital ruble, which will involve up to 9,000 individuals and 1,200 companies. New features such as transfers and payments via QR code will be tested. Full implementation for all users is expected in the second half of 2025.
The pilot will feature new operations,” the Bank of Russia said, translated by Google. The central … 0 reply
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Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market
Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which now stands at $2.24 trillion.
Bitcoin Nears $65K Range Amid Powell’s Latest Remarks
On Friday afternoon, bitcoin (BTC) was cruising along at $64,433 per coin, following an intraday peak of $64,853. BTC climbed 5.3% today and has gained 6.6% against the U.S. dollar over the past week. 0 reply
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Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day.
Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout
Statistics show the broader crypto market saw a decline of 3.18% over the past 24 hours, bringing its total value down to $2.06 trillion. Bitcoin (BTC) itself dropped by 3.8% in the same period, reaching its low of $58,315 on the exchange Bitstamp at 5:13 p.m. EDT. Although global crypto trading volume increased by 7.53% compared to the previous day, it remained subdued compared to the previous week. This latest dip in value adds up to a 13.9% loss for BTC over the last two weeks against the U.S. dollar. 0 reply
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