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PortuguêsThe crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department…
Continue ReadingAndrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from. As many countries, entities and even individuals face international…
Continue ReadingThe Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia. The Russian central bank continues to…
Continue ReadingA Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under…
Continue ReadingShark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president…
Continue ReadingRussia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict…
Continue ReadingBitcoin and the entire crypto market bleed due to many challenges that have befallen the industry. From the Terra crash and continuous interest rate hikes to FTX implosion, the market…
Continue ReadingBanking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create…
Continue ReadingMiners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy. Cryptocurrency miners in Russia appear to be unbothered…
Continue ReadingThe largest bank in Russia, Sber, has announced that its proprietary blockchain platform will be compatible with Ethereum. In a press release, the bank, whose majority shareholder is the Russian…
Continue ReadingRussia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain. Russia’s largest bank Sber — formerly known as Sberbank — continues developing…
Continue ReadingRussian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter crash on French territory. The accident marks the latest in a series of deaths of crypto executives…
Continue ReadingDuring the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin…
Continue ReadingThe Russian President criticized Western’s sanctions and urged for a system “independent of external interference”. Russian President Vladimir Putin criticized monopoly in global financial payment systems and called for an…
Continue ReadingRussian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying…
Continue ReadingA large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for…
Continue ReadingLawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state…
Continue ReadingLocal lawmakers are working on amendments to the existing legislation “On digital financial assets” in consultation with market stakeholders. Russian lawmakers are working on amendments to launch a national crypto…
Continue ReadingDuring the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of…
Continue ReadingThe founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States. As much as we all would want last…
Continue ReadingWith election integrity under assault in the United States and elsewhere, is blockchain technology part of the solution? Greenland explores voting options. In October, Greenland was reported to be exploring…
Continue ReadingRussian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation…
Continue ReadingThe bill provides a legal definition of mining and mining pools and would create a domestic cryptocurrency market in Russia’s latest step to integrate digital assets into its economy. A…
Continue ReadingOne of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close…
Continue ReadingBoth facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for…
Continue ReadingClaims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested such…
Continue ReadingVTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select…
Continue ReadingLaw enforcement and judicial authorities from Russia and Turkey are joining forces in the fight against cybercrime, including the use of cryptocurrencies for illegal purposes. The collaboration has been agreed…
Continue ReadingThe Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public…
Continue ReadingCryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in…
Continue ReadingThe BPI took on the U.S. Department of Treasury’s challenge. Treasury requested public comment on digital assets’ national security implications, and the Bitcoin Policy Institute answered with a bomb of…
Continue ReadingThe Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers…
Continue ReadingNewly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins…
Continue ReadingRussia has seemingly turned to cryptocurrency since the West decided to ‘punish’ the nation for its invasion of Ukraine. A list of sanctions had been imposed upon the country by…
Continue ReadingThe Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. The Monetary Exchange of Singapore (MAS), the country’s central bank and financial…
Continue ReadingA member of the defense team of the alleged BTC-e operator Alexander Vinnik has called on the head of the Russian Orthodox Church to intervene in support of his client.…
Continue ReadingEconomists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency.…
Continue ReadingA draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian…
Continue ReadingThe number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the…
Continue ReadingCryptocurrencies are being used to provide military and humanitarian aid in the Russia-Ukraine conflict. The Russia-Ukraine conflict has tested the capabilities of crypto in a real-world conflict where sanctions and…
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