The government is introducing a mandatory return of 50% of foreign currency earnings that go under the contract. Of this, 80% needs to be returned to the account, and of these 80 - 90 needs to be sold. Roughly speaking, the net return is less than 50%. From the archive: at the beginning of the CBO, 80% of the mandatory sale of foreign currency earnings was introduced. And then the companies had no time for “schematism”; then there was a net return of revenue. And we received a net return of foreign currency of approximately $22 billion a month, taking into account those oil prices. Then the flows gradually decreased. In June, the president canceled the mandatory sale, but the ruble held on by inertia. Because our current account was positive, no matter how you look at it. And by the end of the year, there was just beginning to be a recovery in imports, and already in January of this year, our Central Bank adopted a special order on swap operations with Chinese currency. And from that moment on, the slow weakening of the Russian currency began. From 2 to 5% monthly losses. As a result, the Central Bank began to raise the key rate. Now we supposedly have 6% inflation, and the rate is 13. Pay attention to the lending schedules, now the volumes are wild, 7 trillion rubles each. The Central Bank gives it to our banks for a short period. Then the question arises, if we have a Presidential Decree on the mandatory sale of foreign currency earnings, but our companies may not have foreign currency earnings, they may also have ruble earnings. And here the question is removed, because if he sells rubles, then there is no need to return anything to him. The question is: who buys for rubles?
Crypto exchange HTX paid the hacker a reward of $408,500 The HTX cryptocurrency exchange, previously called Huobi, paid the hacker a reward of 250 Ethereum (ETH) worth $408,500 at the current rate. Cryptocurrency exchange HTX, formerly known as Huobi, paid the hacker a reward of 250 Ethereum (ETH), which is equivalent to $408,500 at the current exchange rate. This comes as the hacker who hacked the trading platform in September and stole 5,000 ETH worth $8 million has returned the stolen funds. HTX spokesman Justin Sun confirmed this information. The management of the Exchange fulfilled its part of the agreement and paid the hacker a bonus of 250 ETH. HTX employees also asked the hacker to provide them with a report on the discovered security vulnerabilities that he exploited. Experts intend to use this information to prevent the threat in the future. HTX sent the hacker an offer to work as a consultant, but it is not yet known whether the offer was accepted. In any case, HTX was committed to keeping the hacker's personal information secret to avoid unwanted attention to his identity.
Digging for Bitcoin has become more difficult than ever
Bitcoin's hashrate reached a new peak of 447 exahash per second on October 12, according to Blockchain.com. Bitinfocharts has a slightly higher average of 481 EH/s, but both agree that this is the highest ever. Hashrate is up 77% since the beginning of this year and 170% since the peak of the bull market in November 2021. This means that it is now more difficult than ever to mine the next block in the chain.
These altcoins could surpass the profitability of Bitcoin and Ethereum. When it comes to cryptocurrencies, most investors only focus on a few major assets such as Bitcoin, Ether, perhaps Cardano and XRP. Research firm Sistine Research has highlighted three assets that could outshine these assets and start a bull run very soon. They are close to the start of a new stage of the rally, provided that they manage to overcome critical resistance levels. These assets were Monero (XMR), Solana (SOL) and Tron (TRX). The price of XMR relative to Bitcoin is very close to the critical barrier that has kept altcoins trading below it since early May. If Monero manages to break through the resistance, which is 0.005757 BTC, an uptrend is possible. However, a failed breakout and cancellation of 0.005577 BTC could lead to a fall. Likewise, in the case of Solana price, the breakout zone is around $40, marking the double top before the FTX crash. To do this, the altcoin will first have to regain support at $25. However, failure to do so could result in the ongoing uptrend being reversed and a fall to $16. The third asset, TRX, has been in an uptrend since November 2022, rising more than 81%. However, the breakout zone for the altcoin is at $0.125, which is well above its current trading price of $0.084. Moreover, if the cryptocurrency loses support from the uptrend line, the bullish thesis will be invalidated.