Currencies

Russia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil trade, Reuters reported, citing sources familiar with the matter.The country has been slowly moving deeper into the cryptocurrency space. Just this week, the Bank of Russia submitted proposals to create an experimental legal regime (ELR) lasting three years, allowing a “limited group of Russian investors” to trade cryptocurrencies.Some Russian oil firms use bitcoin, ether, and stablecoins such as Tether (USDT) to convert payments made in Chinese yuan and...

Last updated: March 14, 2025 03:23 EDT Author Ruholamin Haqshanas Author Ruholamin Haqshanas About Author Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto... Share Last updated: March 14, 2025 03:23 EDT Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain...

The Hyperion Ray, a 650-foot long vehicle cargo ship, entering the Columbia River from South Korea to deliver cars to Portland. Photo: Jeffrey St. Clair. With Trump threatening to impose big taxes (tariffs) on imports from all our major trading partners, many people are desperate to find some grand scheme that would justify this seeming absurdity. Just to be clear, as economic policy, Trump’s tariffs are absurd. There can be arguments for tariffs as part of an industrial policy that tries to foster certain industries considered strategic. This was the...

The US Securities and Exchange Commission (SEC) is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. The SEC is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. According to FOX correspondent Charles Gasparino, the US securities regulators are using Ether as a benchmark in order to build a case for either classifying XRP as a commodity or maintaining its current classification.  Ethereum developers announced on Thursday that they will launch a new testnet, "Hoodi," to enable validators and infrastructure providers...

Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,361.12 Indian Rupees (INR) per gram, broadly stable compared with the INR 8,358.71 it cost on Thursday. The price for Gold was broadly steady at INR 97,522.43 per tola from INR 97,496.98 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,361.12 10 Grams 83,613.91 Tola 97,522.43 Troy Ounce 260,053.80   Daily digest market movers: Gold price soars unfazed by a strong US Dollar The...

The decision of the Tamil Nadu government to replace the universally recognised symbol of Indian currency Rs  with the Tamil letter Ru has stirred a hornet’s nest across the country if the initial reactions are any indication. But even DMK persons are of the view that Chief Minister MK Stalin’s new found passion for Tamil language is to make the Centre to use Article 356 in order dismiss the democratically elected government so that the party could romp home with increased majority in the 2026 Assembly election based on the...

By Chibuike Oguh and Lucy RaitanoNEW YORK/LONDON (Reuters) – The U.S. dollar rose against major currencies including the Swiss franc and the euro on Thursday but still remained under pressure from concerns arising from slowing economic growth and global trade quarrels. U.S. President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Trump had also on Wednesday threatened to retaliate against the EU’s announcement...

Bollywood — the term used to describe the Hindi film industry — has become a massive force in the global travel industry, helping make destinations featured on the silver screen tourist attractions, a subject we examined recently. Ahead of next week's Skift India Forum, Editor-in-Chief Sarah Kopit and Head of Research Seth Borko discussed Bollywood's outsized influence on Indian tourism and other topics related to the sector with MakeMyTrip Chief Marketing and Business Officer Raj Rishi Singh. Listen Now 🎧 Subscribe Apple Podcasts | Spotify | YouTube | RSS Key Points The Power of Bollywood in Indian Culture: Movies,...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...