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CryptoCodex


	Happy Friday! Billy Bambrough here with your latest batch of crypto news and analysis. 📧 Thank you for reading CryptoCodex! I’d love to hear your feedback, ideas and tips. Email me directly at billy@billybambrough.com.


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24-hour crypto market snapshot

Bitcoin (+4%)

$44,793

Ethereum (+5%)

$3,182

Solana (+6%)

$104.20

Cardano (-1%)

$1.14

Ruble rumble 💱


	Cryptocurrency prices have rocketed higher, following comments from a Russian official that the country would accept bitcoin as payment on international markets. Global stock markets have also rebounded as investors come to terms with the Federal Reserve's inflation-busting interest rate hikes. Bitcoin is up 4% on this time yesterday, while ethereum is up 5%. Solana, an ethereum challenger, is leading the major market higher, up 6%. After its huge surge higher this past week, cardano, another ethereum rival, has come off the boil and is trending lower. Now read this: Everyone has crypto FOMO, but does it belong in your portfolio?

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True Value Of Cryptocurrencies

The geopolitical strife taking place in Ukraine has once again underlined the true value proposition of digital currencies that are secure, censorship resistant and easily transportable. To get in-depth research, interviews, trading signals and other valuable information unavailable anywhere else subscribe to Forbes CryptoAsset & Blockchain Advisor.

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Cookin' with gas 🔥



	Pavel Zavalny, chairman of the Duma committee on energy, said Russia is Russia is mulling bitcoin for natural resource sales. Getty Images

Friend or foe: Russia took global markets, governments and countries by surprise yesterday when it said it would consider accepting bitcoin as payment for its oil and gas exports. The head of Russia's State Duma Committee on energy, Pavel Zavalny, said "friendly" countries, such as China or Turkey, could be allowed to pay with bitcoin or in their local currencies.

Hit the gas: The move is thought to be designed to boost Russia's ruble which has following international sanctions placed on the country due to its invasion of Ukraine. However, Russia is still the world's biggest exporter of natural gas and the second largest supplier of oil.

Lost in translation? "If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us," Zavalny said, according to a translation of his comments. The set of currencies can be different, and this is normal practice, [so] you can also trade bitcoins." Zavalny’s comments come after Russia president Putin this week said "unfriendly" countries have pay for Russian gas in rubles.

Russian bulls: Bitcoin spiked shortly after Zavalny's remarks topping $45,000. "Russia is clearly looking to diversify into other currencies," Nic Carter, a crypto investor and the founder of Coin Metrics, told CNBC, adding Russia had been preparing for that kind of transition since 2014, when it started to divest all U.S. Treasury.

Meanwhile... It was reported by Bloomberg Exxon Mobil is running a pilot program using excess natural gas that would otherwise be burned off from North Dakota oil wells to power cryptocurrency-mining operations, citing "people familiar with the matter."

Now read this: Venture capitalists pass on board seats to secure deals in hot crypto start ups

Fink on the future 🔮


	🌐 BlackRock chief executive Larry Fink has warned shareholders that the war between Russia and Ukraine has heralded the end of globalization, adding the chaos could be a boon to cryptocurrency adoption. Read the full story on Forbes and Fink's letter to shareholders here. ✍️ "The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades," wrote Fink, who's also chairman of Blackrock, the world’s largest asset manager with $10 trillion in assets under management. 💸 Fink has previously been skeptical of cryptocurrencies, agreeing with JPMorgan CEO Jamie Dimon that bitcoin is probably worthless, but yesterday said, "a global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption." Good to know: Crypto companies face being booted from the U.K. as a key deadline approaches

When CZ met Bukele 🤝


	📷 Binance chief executive Changpeng Zhao, often known simply as CZ, yesterday met with El Salvador president Nayib Bukele as the country grapples with the delayed launch of its hotly-anticipated bitcoin bond—with the pair posing for a photo-op. 👍 On Wednesday, El Salvador's U.S. ambassador said the country is seeking support from Binance, it was reported by Reuters, with Milena Mayorga telling reporters CZ's visit was a vote of confidence in Bukele's decision to adopt bitcoin as legal tender last September. 🐦 "Please don’t spread Reuter’s FUD [fear, uncertainty and doubt]," Bukele tweeted in response to a now-deleted suggestion by Bitcoin Magazine that CZ was there to help with El Salvador's $1 billion bond offering, originally scheduled for mid-March and now postponed until September. Now read this: Ex-party producer charged in $2.7 million bitcoin-laundering scheme

	Billy Bambrough
	Forbes Senior Contributor

I am a journalist with significant experience covering technology, finance, economics, and business. I write about how bitcoin, crypto and blockchain can change the world.

Follow me on Twitter or email me.

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