#Russia News

Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Russia Contemplates Ban on Mining Public Blockchain Tokens

June 10, 2019 by Ashwath Balakrishnan at Regulation

In an interview with a Russian media outlet, Chairman of the State Duma Committee on Financial Markets, Anatomy Aksakov, revealed that Russian lawmakers might potentially introduce a penalty for mining cryptocurrency on an open blockchain, as reported by Finance Feeds on June 10, 2019. Focus on Permissioned Ledgers Russian lawmakers are mulling...

Russia Central Bank Mulls Gold Standard for National Cryptocurrency

May 25, 2019 by Anthonia Isichei at Adoption, News

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged 'Crypto-Ruble' a Possibility The Bank of Russia hinted at a meeting at State...

Blockchain-Based E-Voting to be Piloted During Moscow Student Elections

May 7, 2019 by Mohammad Musharraf at Adoption, Blockchain, Education, News

Moscow authorities are planning to test their blockchain-based electronic voting program in the forthcoming student council elections, as reported by the Russian news outlet Tass on May 6, 2019, Not a Replacement, but a New Option The Russian federal authorities have previously displayed immense interest in blockchain technology and cryptocurrencies....

Putin Authorizes A “Russian Internet”

May 3, 2019 by Neil at News, Regulation, Tech

It doesn’t matter whether you are using the internet for personal or professional reasons, the truth is that the Internet has allowed for human beings to collaborate and connect in a way that simply was not possible before. Now, it appears as though Russia has its own plans now to...

Financier with Links to Russian Oligarch Launches Crypto Derivative Hedge Fund

April 18, 2019 by Aisshwarya Tiwari at Business, News

According to a BloombergQuint report published April 17, 2019, Gerald Banks, a financier who has in past managed part of a Russian oligarch’s business venture is set to open a cryptocurrency derivative fund. Financier Launches Cryptocurrency Hedge Fund Cipher Technologies Russian business tycoons are notoriously famous for their appetite for...

Merging Blockchain and IoT: A Match Made in Heaven

Russian Lawmakers Approve Bill Seeking Increased Government Control on the Internet

April 17, 2019 by Aisshwarya Tiwari at Adoption, Cybersecurity, Development, News, Regulation

A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic. Russia Tightens Grip on the Internet Internet censorship has become one of the burning social issues...

Russia’s Gazprom Integrates Blockchain Technology for Gas Supply

April 6, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Finance, News, Platform

Gazprom, a leading oil and gas company run by the Russian government, has announced the completion of a blockchain pilot that would enable the firm to use the nascent technology for recording gas contract details, reports local news source, Vestifinance on April 4, 2019. Gazprom Integrate Blockchain Technology Per sources...

Meanwhile in Russia, a Billionaire Wants to Create Palladium-Backed Crypto Tokens

March 28, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Business, News

Vladimir Potanin, Russia’s richest man, is mulling developing several digital market offerings including possible palladium-backed cryptocurrencies, reports Bloomberg, March 27, 2019. Palladium-Backed Digital Token The concept of commodity-backed cryptocurrency has ascended into prominence in a relatively short period. U.S. dollar-backed “stable coins” such as the ones issued by Tether and...

$4 Billion Cryptocurrency Fraud Suspect Alexander Vinnik Files Appeal for Extradition to Russia

March 23, 2019 by Aisshwarya Tiwari at Crime, Exchange, News

Alexander Vinnik, a Russian national suspected of orchestrating a $4 billion bitcoin fraud has lodged an appeal with a Greek court for his extradition to Russia, this according to Greek media outlet Kathimerini, March 21, 2019. Humanitarian Reasons Vinnik is the former operator of the defunct Russian cryptocurrency exchange BTC-e....

Bitcoin Struggles Regaining $4,000 Mark, Closes Week 5 Percent Lower: BTCManager’s Week in Review March 4, 2019

March 5, 2019 by Alex Lielacher at Bitcoin, Blockchain, Business, News, News Digest

After last week’s pump, the price of bitcoin failed to retake the $4,000 mark and closed the week five percent lower at around $3,850 versus last week’s close. The Lightning Torch continues to be passed around with Fidelity Digitial Assets being the first financial institutions to become a holder at...

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