Business > Markets

Vladimir Putin sees value in cryptocurrencies - but says it's too early to tell if they can settle oil trades

12 days ago   |   By Business Insider

"We have no other choice but to move to transactions in other currencies," Putin said.
Getty
Vladimir Putin recognized cryptocurrencies' value as a means of payment.
However, the Russian president said it was too early to evaluate crypto's utility in the oil trade.
The energy consumed by bitcoin mining is another potential hurdle for its use, he suggested.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
Russian President Vladimir Putin said cryptocurrencies may hold some value, but it's too early to tell if they can be used in the oil trade. "I believe that it...
Read more ...

 


Search by Tags

   Markets      MI Exclusive      Crypto      Vladimir Putin      Russia      Cryptocurrencies      Oil      Energy  


Scammed out of their life savings, senior citizens say

Scammed out of their life savings, senior citizens say

Spartanburg couple tricked into giving money, gift cards to person claiming to know President Joe Biden Read more ...

Local charities help Oak Park woman rebound from brink of homelessness

Local charities help Oak Park woman rebound from brink of homelessness

OAK PARK, Ill. - For more than 20 years, Charice Phillips built a good life as a single mom and business owner running her own daycare in Oak Park. “I was working on expanding... Read more ...

Chinese authorities have told Evergrande's billionaire founder to use his...

Beijing has instructed Evergrande's founder, Hui Ka Yan, to pay the company's debt using his personal funds, Bloomberg reported. Hui's net worth is about $7.6 billion... Read more ...

An artificial intelligence tool is helping retailers and manufacturers...

Visitors watch a digital twins simulation service system for sports venues by Intel at the Apsara Conference, a cloud computing and artificial intelligence conference, in... Read more ...

Northshore taconite mine to 'idle every now and then'

Cliffs CEO Goncalves blasts "absurdly high" royalty payments. Read more ...

AMD CEO: Growth opportunities still big in spite of ‘flattish' PC market

AMD CEO: Growth opportunities still big in spite of ‘flattish' PC market

AMD CEO Lisa Su said that reported its growth opportunities are good in spite of a slowing PC client market. Read more ...

It took more than 300 million person-hours to remove a capsized cargo ship...

Firefighters spray water into the cut away mid-section of the cargo vessel Golden Ray, Friday, May 14, 2021, Brunswick, Ga. Stephen B. Morton/AP Photo A cargo ship carrying... Read more ...

Willie Mays Exclusive NFT Sells For $50,000 At Auction

At 90 years old, Willie Mays is willing to evolve with the game, getting into the NFT collectibles space with an exclusive drop about his early life and career. Read more ...

WWE NXT Halloween Havoc Results: Winners, News And Notes On October 26, 2021

WWE NXT Halloween Havoc with Bron Breakker vs. Tommaso Ciampa. Read more ...

First group graduates gambling treatment court program

The first participants in Nevada's only gambling treatment specialty court program graduated on Tuesday. Read more ...