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Tag: Russia

Telegram Takes Flight In Paper Plane Protest; CEO Offers Bitcoin Bounties for Proxies

Category: Bitcoin, News, Regulation

Telegram Takes Flight In Paper Plane Protest; CEO Offers Bitcoin Bounties for Proxies

Russia banned the app after the company refused to hand over encryption keys to unscramble messages. In response, activists took to the streets with paper planes, launching the small colored origami models at the cold facade of the Kremlin. Flying Planes for Internet Freedom The performance lasted no longer than fifteen minutes, and some protestors, including Pussy Riot’s Maria Alyokhina,…

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Telegram Using Bitcoin Grants to Circumvent Russia Ban

Category: Bitcoin, Business, News

Telegram Using Bitcoin Grants to Circumvent Russia Ban

Pavel Durov, the founder of the popular messaging platform, Telegram has been using bitcoin payments to get around the platform’s ban by Russian authorities. Writing on his vk.com social media account, he shared: “In the framework of the Digital Resistance – a decentralized movement in defense of digital freedoms and progress – I began to pay bitcoin grants to proxy…

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Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Category: Bitcoin, Mining, News, Regulation

Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Russian police have shut down a makeshift crypto rig, arresting two individuals for engaging in illicit Bitcoin mining activities on April 11, 2018. Warehouse Seized by Authorities According to reports, Ministry of Internal Affairs official, Irina Volk revealed that Russian Security Forces had arrested two people who turned an abandoned rubber manufacturing facility into an illegal crypto mining rig. (Source:…

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The Venezuela State-owned Cryptocurrency Receives the Satoshi Nakamoto Prize in Russia

Category: Altcoins, Blockchain, News, Regulation

The Venezuela State-owned Cryptocurrency Receives the Satoshi Nakamoto Prize in Russia

The Venezuela state-owned cryptocurrency, Petro, has been awarded the Satoshi Nakamoto Prize by the Russian Cryptocurrency and Blockchain Association (RACIB). The award ceremony was part of RACIB’s BLOCKCHEINF-2018 international congress. Suspected Russian Involvement RACIB is an advocacy group active in the Russian blockchain and cryptocurrency scene. Petro was one of the 13 other award recipients in different categories encompassing mainstream…

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Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

Category: Altcoins, Bitcoin, Mining, News, Regulation

Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

In the latest development, the Russian Federation announced on April 12, 2018, that all crypto transactions that exceed 600 rubles must be scrutinized. Latest Review On March 6, 2018, the Russian Ministry of Finance reportedly announced it was formulating a regulation to criminalize the use of blockchain-based virtual currencies as legal tender. Deputy Finance Minister Alexei Moiseev revealed that his…

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After Launching Massive ICO, Telegram Is Now Banned in Russia

Category: Altcoins, Business, News, Regulation

After Launching Massive ICO, Telegram Is Now Banned in Russia

Just weeks after launching one of the most successful ICOs ever, Telegram is to be banned in Russia. The ruling came after the company refused to yield encryption keys to the Russian authorities and Moscow has now ordered telecommunications companies to block the app. Why Telegram? Russia’s Federal Security Service (FSB) said they need the keys to monitor the messages…

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Bitcoin Foundation Co-founder: No Such Thing as Bitcoin Bubble

Category: Bitcoin, Commentary, Finance, News, Regulation

Bitcoin Foundation Co-founder: No Such Thing as Bitcoin Bubble

Jon Matonis, co-founder of Bitcoin Foundation, has dismissed the negative investor sentiment that the crypto market is a bubble about to pop. Instead, Matonis stated that the fixed income bonds and equity markets around the world which are being inflated artificially by central banks, thus working as an unofficial syndicate. Media Rings Bubble Bells It must be noted that not…

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Bitcoin Corrects as Crypto Market Gets “Mt.Goxed” Once Again: Week in Review Mar. 12

Category: News Digest

Bitcoin Corrects as Crypto Market Gets “Mt.Goxed” Once Again: Week in Review Mar. 12

In the past seven days, the price of bitcoin dropped by 20 percent. This decline was primarily driven by news that the bankruptcy trustee of the defunct bitcoin exchange Mt.Gox has been selling $400 million worth of bitcoin (BTC) and bitcoin cash (BCH) over the past five months. The mass sell-off was leveraged to raise funds for the exchange’s creditors…

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Putin to Legalize Cryptocurrency Markets by July 2018

Category: Blockchain, Mining, News, Regulation

Putin to Legalize Cryptocurrency Markets by July 2018

Russia is one of the countries that was massively skeptical about the claims of cryptocurrencies and blockchain technology in the beginning, but it seems that they have now made a convincing shift towards embracing this technology. It was announced that plans are in place for new legislation to be passed in Russia which if successful, will see crypto markets being…

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Russian Government Looking to Augment Legacy Voting Systems with Blockchain Technology

Category: Blockchain, Ethereum, News, Tech

Russian Government Looking to Augment Legacy Voting Systems with Blockchain Technology

While the Russian State is emerging as both hot and cold towards bitcoin and other cryptocurrencies, it is actively exploring the capabilities of Blockchain technology. If all goes according to plan, Moscow will soon start using the distributed ledger technology for its voting and other internal operations. Kremlin on the Blockchain? Moscow is determined to eliminate all forms of voting…

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