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Ever since the Ukraine invasion, Russia has been facing tough sanctions from the West and thus, it is now preparing a draft law that allows the use of digital assets for international settlements. Besides, this could also be part of Russias plans to reduce its dependence on the use of US Dollars as allies like China have also joined the race.

As per the latest report, the Central Bank of Russia (CBR) is weighing the possibility of using digital currency for settlements in international trade. During her recent meeting with the lawmakers in the State Duma, the lower house of the Russian parliament, CBR Governor Elvira Nabiullina said that the central bank is actively working with Turkey in establishing new payment systems for international settlements.

During the event, the central bank Governor also said that the regulator would be using digital assets for settlements with foreign countries. These operations will be feasible within the framework of the experiment. However, Governor Elvira Nabiullin said that the central bank wont allow the use of crypto payments within the state and shall be strictly limited to external payments only.

Thus, the Central Bank of Russia might consider creating a special institution that will engage with mining and crypto transfers to foreign structures.

As we know that amid Russias invasion of Ukraine, the West has actioned some of Russias largest financial institutions, including the central bank, as well as several other players in major sectors such as energy, oil, and gas.

Furthermore, the sanctions have also choked up other payment methods in and out of Russia including the countrys foreign reserves. However, as Russia is planning to pivot to the use of digital assets for international trade, will it really help them bypass the sanctions imposed on them?

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Some of the top financial institutions and governments across the world believe that in a G20 country like Russia, it wont be a cakewalk for Russia to shift from fiat to crypto. Before Russias invasion of Ukraine, nearly 80% of its daily foreign exchange transactions and half of the international trade happened in USD. Todd Conklin, a senior official from the Us Treasury said:

Russia is a G20, fiat-based economy, and now the ruble is at a record lowRussia has not focused on building the rails needed to support crypto or DeFi [decentralized finance]innovation. You cant flip a switch overnight and run a G20 economy on cryptocurrency.

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The official also argued that theres not enough liquidity in the crypto market to address the needs of a G20 economy. However, ever since the war started, several of pro-Russia organizations have raised millions of dollars in digital assets.

On the other hand, global regulators have been targeting crypto exchanges linked to Russia. Thus, they are also after choking Russias use of digital assets.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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BREAKING: Russia to allow Bitcoin, Ethereum and crypto for ... - Crypto News Flash

Major changes are underway in the world of decentralized finance, and TMS Network (TMSN) is leading the way, ushering in a new age of trading for crypto investors. This exciting platform is transforming the way people trade, and its presale event has been a smash success so far, raising in excess of $4 million. Read on to see how TMS Network (TMSN) is surging ahead of rivals like Chainlink (LINK) and Aave (AAVE).

TMS Network (TMSN) is changing the game for traders everywhere, and if youre not yet familiar with this platform, heres a quick primer: TMS Network (TMSN) is a trading terminal that allows users to connect a crypto wallet and invest in various derivatives using their crypto funds. TMS Network (TMSN) is secure, advanced, user-friendly, and comes with a whole host of handy features, like on-chain analytics and trading signals.

Clearly, TMS Network (TMSN) has a lot of things going for it right now, and its easy to see why so many people are talking about TMS Network (TMSN) its being hailed as the next big thing for the trading world. Fittingly, the TMS Network (TMSN) presale, which is still ongoing, has been a big hit, with 2240% of growth in revenue and more than $4 million raised in investment funding, so far.

One of the many projects that have been left reeling by TMS Networks (TMSN) success is Chainlink (LINK). For the uninitiated, Chainlink (LINK) is a platform that is designed to provide a link between blockchain users and non-blockchain users, letting businesses without any blockchain technology to still connect and interact with blockchain-based partners and platforms.

The idea and technology behind Chainlink (LINK) is sound, and Chainlink (LINK) has done well over the years in terms of price and investment. 2023 hasnt exactly been a bad year for Chainlink (LINK), either, as its price has steadily risen from around $5.56 at the start of the year to $7.76 at the time of writing. Its not the same level of price increase as TMS Network (TMSN), of course, but Chainlink (LINK) is still doing pretty well and should rise further as the year goes on.

Like Chainlink (LINK), Aave (AAVE) has had a respectable 2023, but cant compete with TMS Networks (TMSN) stunning surge. Aave (AAVE) is a decentralized crypto platform which allows users to borrow or lend cryptocurrencies between themselves through smart contracts. Aave (AAVE) has great automation technology and clever policies in place to protect user funds, and Aave (AAVE) is one of the top crypto projects for overcollateralized loans.

Users can invest in Aave (AAVE) tokens to earn interest on the platform, and the price of those tokens has seen some interesting changes. Early on in its lifecycle, Aave (AAVE) saw incredible price rises, all the way up to a peak of $621 back in May of 2021. The price of Aave (AAVE) then steadily dropped through 2022, with a couple of small surges. In 2023, perhaps due to increased competition and lack of development, the price of Aave (AAVE) has stagnated somewhat. It sits at around $83 at the time of writing, which is better than where it began the year, but still far from its ATH.

While platforms like Chainlink (LINK) and Aave (AAVE) can still rise later in the year, these projects simply cant compete with the staggering rise of TMS Network (TMSN), which is setting whole new standards for growth and investment. If youre looking for a smart investment opportunity in 2023, it might be time to take a look at the TMS Network (TMSN) second presale.

For more information, check out the links below:

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

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Ethereum Rivals Chainlink (LINK) And Aave (AAVE) Crushed by ... - Cryptopolitan

Bitcoin (BTC) broke through $31,000 on April 14 as bulls hoped altcoins would soon follow.

Data from Cointelegraph Markets Pro and TradingView captured new 10-month highs of $31,035 for BTC/USD on Bitstamp.

The pair had risen gradually the day before after a consolidatory period around new macroeconomic data prints from the United States.

These had furthered the bullish risk asset narrative, with the Consumer Price Index (CPI) and Producer Price Inflation (PPI) prints showing inflation slowing faster than expected.

While Bitcoin did not react immediately, the latest uptick reinforced market participants convictions over continued strength and a break with the long-term downtrend.

Bitcoin looks strong, but will have some shallow corrections in an upward trend, Michal van de Poppe, founder and CEO of trading firm Eight forecasted on the day.

Van de Poppe referenced previous concerns over a deeper correction on BTC/USD, with nervous price targets including the 200-week moving average at around $25,500 and even $22,000.

Related: Best and worst countries for crypto taxes plus crypto tax tips

Popular trader Crypto Tony nonetheless advised potential long position entries to wait until confirmation of new support levels.

We have now crossed into the range of $31,000 EQ and $32,300 Range high, part of the days Twitter analysis stated, alongside a chart showing the potential high, low and equilibrium (EQ) level of the new range.

Once again stealing the show, however, were altcoins, led by Ether (ETH) after its Shapella upgrade.

Related: Bitcoins dominance knocked by ETHs post-Shapella rally

After teasing a reclaim of $2,000 the day prior, ETH/USD went on to hit $2,130, its highest level since May 2022.

Unsurprisingly, reactions were highly complimentary of the overall crypto market strength.

With the $BTC bottom being in and our final 5th impulse confirmed (imo). I believe that the bottom is likely also in on a lot (not all) of alts, popular trader Credible Crypto summarized, referring to a theory from a recent YouTube video.

Credible Crypto acknowledged that it was Bitcoin in the drivers seat mid-term, and that it would take a cooling off for BTC price action to stimulate rapid altcoin growth.

That said, the sentiment was peppered with references to altseason on the day, including from former BitMEX CEO Arthur Hayes.

Financial commentator Tedtalksmacro likewise declared altseason underway, noting the total altcoin market cap adding $62 billion in two weeks.

Others variously referenced mini altseason and altseason 2.0, arguing that copycat gains on altcoins should follow an initial surge led by Bitcoin.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Bitcoin price spikes above $31K as Ethereum gains spark altseason calls - Cointelegraph

New data from crypto insights firm Messari shows the Cardano (ADA) ecosystems rapid expansion over the last year.

In a new report, Messari says that Cardanos total value locked (TVL), or the amount of assets sitting within its protocols, has gone up 172% quarter over quarter (QoQ).

According to Messari, the recent launch of Cardano-stablecoins were the main drivers behind the growth.

Total value locked (TVL) denominated in USD on Cardano grew 172% QoQ from $50.8 million to $138.3 million. The recent adoption of new stablecoins was a catalyst for this growth, as they are a cornerstone of DeFi but were missing from the ecosystem.

Messari says that Minswap, an automated market maker (AMM) on Cardano, remains the chains leading decentralized exchange (DEX) as far as TVL, but decreased in dominance over the first quarter due to the emergence of several DeFi (decentralized finance) protocols, including ADA-backed stablecoin Djed.

The shift in dominance from incumbent DEXs to emerging DeFi applications is due to:

Messari says that in Q1 of this year, Cardano saw significant progress in technological developments such as advancements in scalability and VM (virtual machine) compatibility.

Last week, Cardano developers Input Output Global announced the launch of Lace, a new Cardano-native crypto wallet that supports hardware wallet integration and access to NFT (non-fungible token) marketplaces, decentralized apps (DApps) and DeFi services. Users can also stake ADA directly from the platform.

The developers say they are already working on new features that will be added to future releases as they promise to give Lace a slew of regular updates and enhancements.

The Lace team is already hard at work developing a DApp Store, a desktop app and digital identity solutions. Meanwhile, fiat on/off ramps, in-wallet swaps, a richer staking experience with multi-delegation, and a portfolio view are all in the pipeline.

Featured Image: Shutterstock/VectorBar/Mingirov Yuriy

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Cardano DeFi Ecosystem Explodes As Ethereum Rivals TVL Goes Up 172% Since Last Year: Crypto Insights Firm - The Daily Hodl

Trade Desk Inc TTD is known for helpingbusinesses optimize their digital advertising, and over the past fiveyears, has also helped investors achieve eye-popping returns.

Since April 2018, The Trade Desk stocks 5-year return has outperformed several of the worlds most popular cryptocurrencies, tech and consumer discretionary stocks: Bitcoin BTC/USD, Ethereum ETH/USD, Starbucks Corporation SBUX,Ford Motor Company F,Microsoft Corporation MSFT, Apple Inc AAPL, Walt Disney Co DIS andAmazon.com, Inc. AMZN.

The Trade Desk operates a self-service cloud-based platform that allows buyers to create, manage and optimize data-driven digital advertising campaigns in various ad formats and channels, including display, video, audio, in-app, native and social.

The Trade Desk also provides data and other value-added services, as well as platform features. The Trade Desk was incorporated in 2009 and is headquartered in Ventura, California.

See Also:Fox, Dominion Reach $787.5M Settlement In Defamation Case Over 2020 Presidential Election Falsehoods

Here's how the returns break down from April 2018 to present:

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This Advertising Company Has A Better 5-Year Return Than Bitcoin ... - Benzinga