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Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported.According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines

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Silk Road Founder Ross Ulbricht Spends Seventh Birthday in a Row in Jail

Ross Ulbricht turns 36 years old today. This will be his seventh birthday in incarceration.Ulbricht is the convicted felon serving two life sentences plus 40 years for his role in creating the Silk Road, the online contraband market notorious for its associations with cryptocurrency. Ulbricht says Silk Road was

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Ethereum Developer Virgil Griffith Has Been Released From Jail Pending Trial

According to Friday's complaint, Griffith asked for – and was denied – permission to travel to North Korea in order to give the presentation, titled "Blockchain and Peace." Moreover, the complaint said, Griffith subsequently "began formulating plans to facilitate the exchange of Cryptocurrency-1 between the DPRK and South Korea," despite

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Ethereum Developer Virgil Griffith to Be Released From Jail Pending Trial

According to Friday's complaint, Griffith asked for – and was denied – permission to travel to North Korea in order to give the presentation, titled "Blockchain and Peace." Moreover, the complaint said, Griffith subsequently "began formulating plans to facilitate the exchange of Cryptocurrency-1 between the DPRK and South Korea," despite

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