#Russia News

Putin checking out some bitcoin russia flag

Russia: New Bill Could Put Blanket Ban on Cryptocurrency Issuance & Sale

March 22, 2020 by Aisshwarya Tiwari at Regulation

According to a Forbes report published on March 21, 2020, a senior Russian official has warned that its delayed bill on cryptocurrencies will include a ban on issuing and selling of digital currencies. Russia to Ban Issuing and Sale of Cryptocurrencies In a bid to mitigate the use of cryptocurrencies...

Malta-Based Trident Crypto Fund Compromised; Data of 266,000 Users Leaked

March 5, 2020 by Aisshwarya Tiwari at Bitcoin

According to a report published by Russian media outlet Izvestia on March 5, 2020, Maltese Trident Crypto Fund has suffered a major data leak which is speculated to have compromised personal data of over 266,000 users registered with the platform. Another Crypto Fund Compromised In what is being reported as...

Russian Oligarch Given Green Light for Private Digital Currency

February 25, 2020 by Ashwath Balakrishnan at Regulation

Vladimir Potanin, a Russian businessman with interests in the metal and airline industry, has been given permission by the Russian government to launch his own blockchain – Atomyze – with a digital currency for customers to use while transacting with his business. As reported by Bloomberg, this represents a major step...

Gold-Based Cryptocurrency to Go Live in the UAE

Russia: Central Bank Proposes Amendment of Digital Assets Law to Include Tokenization Platforms

February 17, 2020 by Aisshwarya Tiwari at Regulation

In an announcement dated February 17, 2020, the Central Bank of Russia (CBR) stated that it had successfully completed a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox. Incoming Changes to Russia’s Proposed Crypto Legislation? Following the steps of other global superpowers, Russia has amped...

Russia: Diamond Firm to Use Blockchain Solution to Sell Diamonds In China

December 19, 2019 by Aisshwarya Tiwari at Blockchain

Russia-based diamond producer, ALROSA on December 17, 2019, announced that it will launch a distributed ledger technology-powered (DLT) solution on one of China’s leading social media platforms WeChat to enable Chinese retailers to ensure the legitimacy and safety of the diamonds. Blockchain to Track the Legitimacy of Diamonds Blockchain technology,...

BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System

November 15, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between member countries of the union, according to an RBC report...

Russian Startup Turns Aluminium Plant into Bitcoin Mining Facility

October 30, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Russia Mining Company (RMC) has taken over the facility of the now-defunct Nadvoitsy Aluminium Plant in the northern Karelia region, which ceased operations in 2018 due to U.S. sanctions. RMC plans to turn the aluminum plant into a mega Bitcoin mining farm that would control 20 percent of the world’s...

Russian Nuclear Scientist Jailed for Illegally Mining Bitcoin

October 28, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Andrey Rybkin, a Russian nuclear scientist working at the All-Russian Scientific Research Institute of Experimental Physics, has been sentenced to three years in prison with a hefty fine of 200k rubles ($3,122) for illegally mining Bitcoin with the agency’s computer systems, according to reports on October 28, 2019. End of...

Russia Remains Crypto-Aware but Doesn’t see the need for a National Digital Currency

October 11, 2019 by Ashwath Balakrishnan at Altcoins

President of the Russian Central Bank, Elvira Nabiullina, believes there is no immediate need for Russia to explore launching a sovereign digital currency. Despite having studied and researched these topics, the central bank doesn't believe there are any obvious benefits to the economy, as reported by TASS, October 10, 2019...

Bitcoins chilling on the great wall of china

Capital Flight from China Causing Bitcoin’s Pump: Kyle Bass

August 7, 2019 by Ashwath Balakrishnan at Bitcoin

Well known fund manager of Hayman Capital Management, Kyle Bass, believes that the current run-up in Bitcoin is has been caused by global trade tension, Yuan devaluation, and capital leaving China. In an interview with Yahoo, Kyle emphasized that while capital is leaving China through gold and Bitcoin, the rising market...

Pages: 1 2 3 4 5 6 7 8»