Based on the recently-continued rise in Bitcoin (now over $104,000), as a trading pair with USD and the Russian Ruble (and the continued decline of the Ruble), it would seem likely that at least some Russian oligarchs are piling their local currency hoards into. . . Bitcoin, as they know the dollar and euro are both closed to them. [Unlike paper dollars, the Bitcoin addresses may be effectively locked, by a polite note saying "Hey -- please do not buy, sell or transact with this address." Rather handy, in times such as these -- assuming most coiners will act morally.]
Bitcoin moralists would be deeply appreciated here -- if they'd collectively help identify these addresses, converted from a Russian fiat currency, and help the entire moral world further isolate these malign actors. Put them on the sidelines.
And between now and then, do sing along with Aretha & me; with a pull-quote from Febrary of 2022:
. . .Trading volumes between the Russian ruble and bitcoin increased to a nine-month high as the country's fiat currency plunged to record lows due to the fallout from the invasion of the Ukraine.
Data tracked by Kaiko, a Paris-based cryptocurrency research provider, shows that ruble (RUB)-denominated bitcoin volume surged to nearly 1.5 billion RUB on Thursday. . . .
Onward, resolutely. Trump is snuffing the beacon of light we once were (2008-2016) for the Western World. Awful.
Updated 05.26.2025: on Monday Trump said that Putin had "gone crazy". That is NOT a statesman's condemnation -- that's a "frat boy bad night in the bar" / joke. A statesman would say he deplored the killing of Ukraine civilians when a prisoner exchange was underway -- and would impose NEW sanctions on Russian travel, with the NATO allies. Damnation. Out.
नमस्ते






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