Tag Archive: Russia

  • Altcoin News, Bitcoin, News, News teaser, Trading

    Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions

    Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions.  Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. Some countries have sanctions imposed on them by the USA and many European nations. Several experts believe that certain countries may be bypassing international sanctions by using decentralized cryptocurrencies.

    · May 21, 2018 · 7:00 pm
  • Russian Scientists in Top-Secret Warhead Facility Arrested for Mining Bitcoin Altcoin News, Bitcoin, Bitcoin Acceptance, Bitcoin Regulation, Blockchain Technology, FinTech, News, News teaser

    Russia Moves to Regulate Crypto, Issues First Commercial Bonds via Blockchain

    Russia’s State Duma Committee on State Construction is to support the first reading of a regulatory proposition which is to incorporate the fundamental rules for the digital economy in the country’s Civil Code. At the same time, a leading Russian bank issues the first commercial bonds carried out via Blockchain-based technology. Russia is making serious efforts towards dominating the booming industry of blockchain technology, claiming that it will eventually belong to them. In April of

    · May 18, 2018 · 8:00 am
  • russia sanctions Altcoins, Companies, News, News teaser

    Venezuela Leverages Russian Bank Stake To Bypass US Petro Sanctions

    Venezuela is taking advantage of its 49% stake in a Russian bank, and using it to skirt US sanctions on its cryptocurrency Petro, according to reports. Buy Petro For €1k At Moscow Bank As the Associated Press (AP) reported May 14, Evrofinance Mosnarbank has become the only international partner willing to accept investments for purchasing Petro, which allegedly raised $5 billion during its ICO. The move reflects the continued involvement on Russia in the story

    · May 16, 2018 · 5:00 pm
  • Russia boutique Crypto Boutique Bitcoin, Bitcoin Businesses, News, News teaser

    Russia Gets Its First Ever ‘Crypto Boutique’ Bitcoin Shop

    A Russian mining hardware company quietly opened a “Crypto Boutique” in the country’s second city of St. Petersburg April 30. ‘We Hope We’re Not Closed Down’ CryptoUniverse, which sells and distributes Bitmain mining hardware for Bitcoin and Litecoin with offices in St. Petersburg and Moscow, opened its first shop in the former’s PiterLend shopping center. Друзья, первый в Санкт-Петербурге крипто бутик «КриптоЮниверс» открылся в ТК Питерлэнд по адресу Приморский пр. 72., 2 этаж. ⠀ pic.twitter.com/KeWLsn0vo6

    · May 8, 2018 · 1:00 pm
  • Bitcoin, Bitcoin Regulation, News, News teaser

    Russia: Court Rules Bitcoin Is Property In Landmark Bankruptcy Case

    Russia classified cryptocurrency as property for the first time May 7 after a bankruptcy court forced a debtor to include his holdings in his personal wealth. Moscow Court Demands Access To $1850 In BTC As local news outlet RBC reports, the Ninth Arbitration Court of Appeal in Moscow obliged bankruptcy victim Ilya Tsarkov to disclose the contents of his Blockchain.info wallet to bankruptcy lawyer Aleksey Leonov as part of the real estate estimation process. The

    · May 8, 2018 · 7:00 am
  • Why There’s a Crackdown on Crypto Ads, and What It Means for Future Crypto Companies Altcoin News, News, News teaser, Online Privacy, Technology

    Russia Targets Another Messaging App, May Ban Viber

    Nikolai Nikiforov, the Russian Communications Minister, has said the government might ban Viber the same way it did Telegram. According to the minister, failure to comply with the request by the Federal Security Service (FSB) for encryption keys could see the app banned in the country. The FSB recently secured a court ruling prohibiting Telegram from operating in Russia. Viber May Be Banned If It Fails to Comply According to reports in the local media,

    · May 4, 2018 · 10:00 am
  • Blockchain Technology, News, News teaser

    Russia: ‘Blockchain Will Belong to Us’

    The government of Russia is making concerted efforts to dominate the fledgling blockchain technology industry.  Blockchain to Belong to Russia Many companies and countries around the world have expressed their interest in blockchain technology. One of the major players in this innovative new technology is Russia. President Vladimir Putin has pushed blockchain technology as part of his new “digital economy” program, saying that the country can’t be “late in the race” for blockchain dominance. Putin has

    · May 3, 2018 · 12:00 am
  • Russia Bitcoin, Bitcoin Regulation, News, News teaser

    Russia: Gov’t Demands Major Revisions To Proposed Cryptocurrency Laws

    The Russian government has demanded lawmakers make several alterations to the country’s forthcoming cryptocurrency regulation before it becomes law in July. Tax, Foreign Investment In Spotlight A summary of comments made after the first reading of bill 419059-7, ‘On Digital Financial Assets,’ shows the Kremlin eager to enshrine foreign investor access to future Russian token releases, as well as produce clear tax obligations for cryptocurrency holdings from the outset. “Given that tax obligations for digital

    · April 24, 2018 · 8:30 pm
  • Altcoin News, Ethereum, News, News teaser

    ‘Losing Credibility’? Ethereum’s Vitalik Buterin Hints He’s Pro-Establishment

    Ethereum cofounder Vitalik Buterin seemed to confirm he is “establishment-friendly” in a new interview which has led to a critical reception from cryptocurrency figures. ‘Very Revealing’ Speaking to the Financial Times in a piece published April 18, Buterin was economical with his words but provided some “very revealing” information. Specifically, his links with the Russian government following meetings about Ethereum last year appear to have made Buterin more tolerant. “He has explained he’s establishment-friendly these

    · April 20, 2018 · 2:30 pm
  • Blockchain Technology, Companies, News, News teaser

    Russia Blocked Telegram Because Crypto Is ‘Uncontrollable,’ Says FSB Memo

    Russian authorities blocked Telegram because they would not be able to “control” its new cryptocurrency, likening it to ponzi scheme Mavrodi Mondial Moneybox (MMM). FSB: Telegram TON Token Makes CEO ‘New Mavrodi’ According to a letter which Roman Antipkin, an official with security service the FSB, wrote to colleagues April 18, Telegram CEO Pavel Durov had “decided to become the new Sergey Mavrodi.” The name-drop reference Mavrodi’s notorious MLM ponzi scheme which originated in Russia

    · April 20, 2018 · 8:30 am
  • Russia Telegram Bitcoin, Companies, News, News teaser

    Russia: Telegram Ban Failure Shows Banning Bitcoin is Impossible

    Amid chaos and mass complaints, the Russian government may have to “ban Bitcoin” in order to successfully ban Telegram. Telegram Shrugs Off Failed Censorship The ‘solution’ to the seemingly impossible task of stopping Russian users accessing the encrypted messenger app underscores the crude reality of censoring global (and decentralized) networks. That’s according to social media commentators both inside and outside Russia, who are responding to the country’s telecommunications regulator Roskomnadzor’s failure to actually block Telegram

    · April 19, 2018 · 10:30 am
  • Companies, News, News teaser, Online Privacy, Technology

    Telegram Could See Its Token Benefit from Russian Ban

    Telegram, one of the most popular messaging apps in the world, has been shut down by the Russian government.  “Privacy Is Not for Sale” A recent Forbes article has reported that the Russian government has moved on shutting down Telegram, the major messaging platform, in Russia. The FSB, Russia’s main intelligence agency, requested the encryption keys for the app multiple times, but the messaging platform refused to hand them over. The founder of Telegram, Pavel Durov,

    · April 18, 2018 · 10:00 am
  • ASIC miners, Bitcoin, Mining, News, News teaser

    Russia’s Bitcoin Mining Industry Takes Root in Siberia

    One of the largest cryptocurrency mining farms in Russia is expected to start operations within a month at the “Divnyi” industrial park in the city of Divnogorsk, located in the remote Krasnoyarsk region. Russia’s Mining Industry Expands East Danil Zakomolkin, general director at BitBaza, revealed the plans on the sidelines of the Krasnoyarsk Economic Forum on April 12th, according to Russian news agency TASS. He said: There will be a mining-farm, one of the largest in Russia.

    · April 13, 2018 · 3:00 pm
  • Russia ICO Altcoins, Bitcoin, Bitcoin Regulation, Blockchain Technology, Emerging Markets, News, News teaser

    Russia Unveils ICO Regulations, Underpinned by the Ruble

    Russia’s Ministry of Telecom and Mass Communications (MinComSvyaz) has prepared guidelines for issuing digital tokens, commonly known as Initial Coin Offerings (ICOs). Russia Develops ICO Guidelines Russia appears to be readying regulations of blockchain technology and Initial Coin Offerings, refraining from an outright ban, as the world’s biggest country by territory looks to benefit from the surging popularity of ICOs. What’s more, Russia is positioning its national currency, the Ruble, to play an integral part in the

    · April 2, 2018 · 5:00 am
  • Russia to Issue First State-Backed Cryptocurrency 'CryptoRuble' Blockchain Technology, News, News teaser, Technology

    Russia Plans on Securing Elections with Blockchain Technology

    Blockchain technology is slated to help secure and verify election results in Russia, as well as the United States. Blockchain Choose You In an effort to provide a more safe and secure system for voters, Russia’s Central Election Commission is planning on implementing a blockchain-based voting system protected against hacking, rigging, and other forms of election fraud. Russian politician Ella Pamfilova declared on the Moscow Calling radio station earlier this week: I will discuss this

    · March 31, 2018 · 10:00 pm
  • Gazprombank Altcoins, Emerging Markets, FinTech, News, News teaser

    Russian State-Owned Gazprombank to Pilot Cryptocurrency Service

    A Russian bank may make a pioneering step for the country in allowing its investors to invest in cryptocurrency this year, reports claim. Gazprombank VP: There Is Demand For Crypto Various local media outlets today quote Gazprombank senior vice president Aleksandr Sobol as saying “some kind of pilot” scheme involving cryptocurrency might surface as soon as the end of 2018. Gazprom is a state-owned Russian bank, the third largest bank in the country by assets

    · March 30, 2018 · 11:00 am
  • Russia’s Blockchain Legislation Could Be Ready in a Few Months Altcoins, Blockchain Technology, FinTech, News, News teaser

    Russia’s Blockchain Legislation Could Be Ready in a Few Months

    Cryptocurrencies aren’t the only technology getting the regulation treatment in Russia. The country has stated that a legislative framework for blockchain technology could be implemented within the next few months. Russia has made no secret of the fact that they are not cheerleading the decentralized cryptocurrency revolution. However, as with most industries, they are fully on board the blockchain bandwagon. Russian President Vladimir Putin has previously endorsed the technology as a way for the country

    · March 26, 2018 · 12:00 pm
  • Bitcoin, Bitcoin Businesses, Mining, News, News teaser

    ‘Crypto Hour’ Wants Bitcoin Miners To Switch Off March 24

    Crypto hours is a Russian initiative in honor of Earth Hour on March 24 is looking to make the world’s cryptocurrency miners switch off their rigs for an hour. Switching Off For Ecological Awareness As various local news outlets report, the so-called ‘Crypto Hour’ (‘Kripto Chas’) is being organized in order to highlight the ecological impact of mining and encourage the industry to develop more eco-friendly methods of minting coins. The event comes at a

    · March 19, 2018 · 6:00 pm
  • Blockchain Technology, Breaking News, News

    Vladimir Putin Endorses Blockchain: Russia Can’t Be ‘Late In The Race’

    Russian Federation President Vladimir Putin endorsed blockchain technology during a meeting on Sunday with Herman Gref, the president of Sberbank, Russia’s largest bank. ‘We Need Professionals in This Field’ Gref, who said his bank would implement blockchain into its business, suggested to Putin that the Russian government should include blockchain technology in education and professional training, according to a translation by YouTube channel Russia Insight. Blockchain technology is one of the key components of cryptocurrency networks

    · February 25, 2018 · 6:00 am
  • Chechen Bitcoin, Bitcoin Investment, Bitcoin Technology, News, News teaser

    Chechen Republic Leader Admits Buying Bitcoin

    The head of the Chechen Republic, Ramzan Kadyrov, has admitted to buying a fraction of a Bitcoin, stating he is looking forward to following its price. Chechen Leader Buys ‘A Fraction’ of a Bitcoin The head of the Chechen Republic, Ramzan Kadyrov, revealed to the Russian press that he purchased a “fraction” of a bitcoin. He also acknowledged that he is interested in keeping tabs on the cryptocurrency’s progress. “I already said that blockchain technology

    · February 12, 2018 · 7:00 am
  • Russian Scientists in Top-Secret Warhead Facility Arrested for Mining Bitcoin Bitcoin, Mining, News, News teaser

    Russian Scientists in Top-Secret Warhead Facility Arrested for Mining Bitcoin

    Scientists at a top-secret Russian nuclear research facility have been taken into custody after allegedly attempting to mine Bitcoin using a high-powered supercomputer. In Soviet Russian Nuclear Facility, Bitcoin Mines You Several scientists working in a top-secret nuclear warhead facility in the closed town of Sarov have been arrested by Russian authorities for allegedly attempting to mine Bitcoin with the facility’s supercomputer. “There has been an unsanctioned attempt to use computer facilities for private purposes

    · February 10, 2018 · 1:30 am
  • Russia Plans to Regulate Production and Control of Cryptocurrencies Altcoin News, Bitcoin, Legislation, News, News teaser

    Russia Plans to Regulate Production and Control of Cryptocurrencies

    A new draft law has been presented in Russia which proposes the regulation and production of cryptocurrencies and digital assets.  Regulating Cryptocurrencies A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors. The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICOs, mining, and trading. The law was also proposed in order to curb or stop illicit

    · January 28, 2018 · 9:30 pm
  • Altcoins, Bitcoin, Mining, News, News teaser

    Russian Businessman Buys Power Plants for Cryptocurrency Mining

    Taking matters into his own hands, a Russian businessman buys two electric power plants for the purposes of cryptocurrency mining. For those who are active participants in cryptocurrency mining, there are a number of issues to be concerned with. One such problem is how a country’s national government feels about cryptocurrency, such as either accepting it or banning it outright. Another major concern is having access to the power needed for mining crypto in the

    · January 15, 2018 · 2:30 pm