BITCOIN

Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the needs of businesses working with foreign partners. Russian Companies to Be Able to Pay Suppliers With Cryptocurrency Through Rosbank One of Russia’s systemically important banks, Rosbank, is launching a solution for cross-border settlements in cryptocurrency, the business daily Vedomosti reported. According to a representative of the financial institution, it is now conducting pilot transactions with corporate and private clients. The bank maintains that the service, which is the first of its kind in the sector, is compliant with current Russian legislation and the requirements of the Central Bank of Russia ( CBR ). The latter remains opposed to the free circulation of cryptocurrencies in the country but has been open to allowing their use in cross-border transactions

The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest rates at least two more times. Larry Fink on Rate Hikes and Inflation Larry Fink, CEO of Blackrock, the world’s largest asset manager, shared his view on the U.S. economy, future interest rate hikes, and the U.S. dollar’s reserve currency status at a Deutsche Bank financial services conference Wednesday. The executive expects the Federal Reserve to hike interest rates at least two more times, emphasizing: The Fed is not finished … Inflation is still too strong, too sticky. “The Fed is going to have to be more vigilant,” Fink said, noting that while “The economy is more resilient than the market realizes,” there are “pockets of p