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Too early to talk about using crypto for oil trading, says Putin

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Russian President Vladimir Putin believes that it’s “still premature” to use cryptocurrencies for settling trades of energy resources like oil.

The Russian president discussed potential use cases of cryptocurrencies in a Thursday CNBC interview following a plenary session of the ​​Russian Energy Week forum.

According to a full interview text published on the Kremlin’s official website, Putin said that private cryptocurrencies “can act as a unit of account” but they are “very unstable.”

“Cryptocurrency oil contracts? It’s too early to talk about it. It works for transferring funds from one place to another, but in terms of trading, especially when it comes to energy resources, it is still premature in my opinion,” the president stated.

Putin went on to say that “everything evolves” and “has the right to exist,” adding that the Russian government is closely monitoring the cryptocurrency market. He also did not exclude the possibility that at some point cryptocurrencies will become a “means of accumulation.” “We see how his market fluctuates. It’s a bit early today,” Putin added.

The president said that cryptocurrencies are “not backed by anything yet.” When asked whether he considers the crypto holdings by Tesla CEO Elon Musk to be “worthless,” Putin said no, explaining that he only questioned crypto as a unit of account in the context of energy trading.

Related: Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

During the interview, the Russian president also claimed that the United States dollar “undermines its position” as an international reserve asset. “We aren’t interested in cutting off dollar payments completely, and we are so far satisfied with payments for energy resources in dollars, primarily for oil,” he added.

The news comes as Russian authorities consider a new law to limit cryptocurrency investments by non-accredited investors. Previously, the Russian central bank was reportedly planning to slow down transactions to crypto exchanges in order to protect retail investors from “emotional” purchases of crypto.


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Source: https://cointelegraph.com/news/too-early-to-talk-about-using-crypto-for-oil-trading-says-putin

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Harmony’s ONE Token Targets $1 After Breaking All-Time High

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/harmonys-one-token-targets-1-after-breaking-all-time-high/?utm_source=main_feed&utm_medium=rss

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NEAR Announces $800M in Development Grants

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/near-announces-800m-in-development-grants/?utm_source=main_feed&utm_medium=rss

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Matt Damon partners with Crypto.com around clean water project

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Digital currency exchange Crypto.com has donated $1 million to water.org, a clean-water initiative co-founded by Matt Damon and Gary White in 2009.

The direct donation will go towards supporting Water.org’s mission of ending the global water crisis by providing safe water and sanitation to people in need, the companies announced Monday. The partnership is also aimed at exposing water.org to Crypto.com’s more than 10 million users, who are also being encouraged to donate to the project.

Matt Damon cited the ongoing financial transformation brought on by cryptocurrency as one of the chief motivations for partnering with Crypto.com. “As our financial solutions and platforms evolve, we can use them for good,” he said. “Crypto.com and Water.org are both working toward positive transformation, and our innovative, financial solutions will help change lives and the world.”

Crypto.com has quickly emerged as one of the fastest-growing digital currency platforms in the world. The company rose to prominence by offering its customers a crypto-focused Visa card that pays out rewards for staking CRO, the platform’s native cryptocurrency. As Cointelegraph recently reported, the exchange has expanded its insurance program to cover up to $750 million, reflecting heightened consumer protection standards in the industry.

The cryptocurrency industry has ushered in a new era of charitable gifting as its newly rich participants look to give back to their communities. Charity: water, which has a similar mandate as Water.org, raised $1.3 million in June through a Bitcoin (BTC)-focused trust. Crypto donations platform The Giving Block has also facilitated charitable contributions for dozens of organizations by providing them with the tools and resources to begin accepting crypto contribtuions.

Related: Charitable sustainable NFTs for the United Nations’ 17 SDGs

Many nonprofits have opened their coffers to crypto donations in the wake of the Taliban’s takeover of Afghanistan in August. Crypto donations are also being used to support suicide prevention, ethical journalism and even a universal basic income project.


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Source: https://cointelegraph.com/news/matt-damon-partners-with-crypto-com-around-clean-water-project

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