Cryptocurrency Analysis and News Portal
BitCluster, a cryptocurrency mining company in Russia, is setting up shop where few dare to wander.A new mining farm above the Arctic Circle, in the industrial area of Norilsk in the Taymyr Peninsula, will provide 11.2 megawatts of power for mining bitcoin. The farm will be working as a “mining
Read MoreRussian businessman and self-styled “ex-oligarch” Aleksandr Lebedev is backing a new decentralized finance project that aims to compete across a broad spectrum of financial products.As reported by Russian financial publication RBC, Lebedev is providing the initial funding for a DeFi startup under the working name of InDeFinEco, standing for Independent
Read MoreClose to 30,000 votes were recorded on the blockchain during the Russian parliamentary elections in what appears to have been the biggest case of blockchain-based voting yet. The blockchain component of the online voting platform was built by Waves Enterprise. The voting concluded early yesterday, and according to the chief product
Read More
The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) has added three Russian nationals and a host of cryptocurrency addresses to its sanctions list on allegations of election interference. OFAC alleges that the three individuals, Artem Lifshits, Anton Andreyev and Darya Aslanova, are employees of the Internet Research Agency (IRA),
Read More
Expobank, the former Russian subsidiary of global investment bank Barclays, has followed Silvergate and issued a loan that uses tokens, in this case, WAVES, as collateral. The loan was made to an entrepreneur and tax consultant, Mikhail Uspensky, who bought WAVES in 2018 for a planned initial coin offering (ICO).
Read More
Data from Bitcoin (BTC) marketplace Paxful shows a huge surge of interest in cryptocurrency peer-to-peer trading in Russia, with 350% growth on a year-over-year (YoY) basis.According to the study, from the period of May 2019 to May 2020, Paxful is now seeing an average monthly trading volume of $4M in
Read More
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services.Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading.It had already won backing from
Read More
Igor Krasnov, Russia’s new Attorney General, says that cybercrime in Russia has surged 25 times over the past five years. Krasnov made the statement during a recent meeting devoted to fighting cybercrime in Russia, according to an official statement on July 17.Only 25% of cybercrime in Russia gets solvedAt the
Read More
MOSCOW — No government can stop bitcoin transactions, which suggests the cryptocurrency is an ideal way for dissidents and activists to raise funds. This should be especially true in Vladimir Putin’s Russia, where independent politicians and civic groups have been under increasing pressure from the Kremlin. Opposition politicians, human rights groups
Read More
A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies.St. Petersburg’s Petrogradsky District
Read More