Bitcoin is trading at $40,976, having briefly peaked over $41k just four hours ago. The eastern superpower is apparently working on a digital world currency. Bitcoin’s price plunged to $34k on Thursday after Russia announced “special military operations” in Ukraine. The Russian central bank has shown hostility toward private cryptocurrencies, advocating to ban them from Russia. This month, the parties reached an agreement to regulate cryptos as “currencies” instead of banning them. Some suspect that Russia may use crypto to bypass sanctions and support itself during the war, as Ukraine has. No reports of this have emerged yet, however. A large mining farm recently stopped servicing its Russian users to show solidarity with Ukraine amid the conflict. . . .
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