Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Bitcoin

Bitcoin at the center of trade between China and Russia: VanEck

Newsroom by Newsroom
April 11, 2025
in Bitcoin
bitcoin
Share on FacebookShare on TwitterShare on Linkedin

China and Russia are using Bitcoin to settle energy transactions, signaling a potential shift away from the US dollar.

According to a recent report by VanEck, China and Russia have started using Bitcoin to settle some commercial transactions in the energy sector. This move comes amid global trade tensions, exacerbated by the introduction of new tariffs by the Trump administration on April 2, primarily targeting Chinese imports.

BREAKING: VanEck confirms that China and Russia are officially settling some energy trades in Bitcoin as the trade war ramps up.

Maybe a trade war is what crypto actually needs. pic.twitter.com/Bs5MxgInY1

— The Kobeissi Letter (@KobeissiLetter) April 9, 2025

Matthew Sigel, head of digital assets research at VanEck, highlighted how interest in Bitcoin as a settlement mechanism is becoming more practical. Not only major trading powers like China and Russia are embracing this payment method, but countries such as Bolivia have announced plans to import electricity via cryptocurrency-based payments. Additionally, French energy giant EDF is considering using Bitcoin mining as a solution to utilize surplus electricity currently being exported to Germany. According to Sigel, the tariffs imposed by the Trump administration could accelerate the use of Bitcoin in trade transactions.

As reported by Russian central bank governor Elvira Nabiullina to the State Duma on April 9, businesses in Russia are exploring digital assets and showing interest in cryptocurrency payments under an experimental legal regime.

Investors are also closely watching the evolution of the Federal Reserve‘s position, Sigel added. Historically, accommodative turns in interest rate expectations and increased liquidity conditions have favored Bitcoin’s performance, as noted by the analyst. A key indicator remains the US Dollar Index (DXY): a sustained weakening of the dollar could strengthen Bitcoin as a macroeconomic hedge, Sigel suggested.

Previous Post

Pakistan: plan to use excess electricity for Bitcoin mining

Next Post

Former Ethereum developer Virgil Griffith released from custody

Latest News

Il futuro del mining? Green e decentralizzato
Bitcoin

The future of mining? Green and decentralized

by Plak
May 28, 2025
0

An analysis of the present and a look at the future of Bitcoin mining, between data, critical reflections and a...

Read moreDetails
Polemica Bitkey: il marketing di Dorsey divide la community
Bitcoin

Bitkey controversy: Dorsey’s marketing divides the community

by Newsroom
May 28, 2025
0

Block's hardware wallet sparks debate between security and borderline compromises.

Read moreDetails
Cantor Fitzgerald lancia i primi prestiti garantiti da bitcoin
Bitcoin

Cantor Fitzgerald launches first bitcoin-backed loans

by Newsroom
May 28, 2025
0

The Wall Street financial institution has signed strategic agreements for bitcoin-backed loans with Maple Finance and FalconX.

Read moreDetails
bitcoin
Bitcoin

Jack Dorsey’s Block to integrate Bitcoin payments into Square

by Newsroom
May 28, 2025
0

Jack Dorsey’s company is bringing bitcoin payments to the retail market through the Lightning Network.

Read moreDetails
bitcoin
Bitcoin

El Salvador: IMF ready to block new Bitcoin purchases

by Newsroom
May 28, 2025
0

The IMF wants to ensure that the Central American country stops buying more Bitcoin, despite President Bukele’s stance.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie