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Blockchain cryptocurrencies Cryptocurrency electricity mining Russia

Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

The government of Abkhazia has cut off power to 15 crypto mining farms due to concerns over electricity consumption. The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state electric utility Chernomorenergo RUE announced in a Facebook post on Dec. 31. Per the announcement, Chernomorenergo […]

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Adoption Bitcoin cryptocurrencies Cryptocurrency Payments Russia

Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents

A recent poll of Moscow residents found that, among respondents who use non-cash payment methods, five percent expressed interest in using cryptocurrencies. Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13. The investigation into the e-payment market […]

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Adoption Blockchain Cryptocurrency Russia Supply Chain Switzerland Transactions

Commodities Firms Complete Blockchain Pilot for Black Sea Wheat

Two international agricultural commodities firms have completed a blockchain pilot for Black Sea wheat from the Russian port of Novorossiysk. Swiss-based Transoil International and Solaris Commodities have conducted a blockchain pilot transaction of Black Sea wheat, S&P Global reports Nov. 12. Both companies are involved in the trading of international agricultural commodities like milling wheat, […]

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Bitcoin Regulation cryptocurrencies Cryptocurrency Government mining Russia

Russian Draft Bill Lacks Core Crypto Terms After Recent Edits

Deputies of the Russian State Duma have removed a definition for crypto mining from the draft law “On Digital Financial Assets.” Russian deputies have removed the definition of crypto mining from a draft bill on digital currency regulation ahead of its next reading in the State Duma, major local news agency Interfax reports Oct. 19. […]

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Altcoin Bitcoin Scams cryptocurrencies Cryptocurrency Cryptocurrency Exchange Fraud Russia

Crypto Exchange YoBit Starts Pump Scheme on Random Coins

Russian crypto exchange YoBit tweeted that it will pump the price of 10 random coins. Cryptocurrency exchange YoBit is going to perform a pump scheme on random coins, according to an Oct. 10 tweet. A pump and dump scheme is a form of fraud that attempts to artificially boost the price of an asset through […]

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Crypto Behind Bars: Arrests Making Headlines Across the Globe

From soap actors to former lawmakers, Cointelegraph takes stock of some of the most illustrious arrests of the figures behind crypto’s high crimes and misdemeanours this year. Gone are the days when shady dealings in crypto were perceived as immune to the clutches of law enforcement. Illicit crypto proceeds can be shuttled between wallet addresses […]

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ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity

The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential Issuance of Central Bank Digital Currency In […]

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Bitcoin Regulation cryptocurrencies Cryptocurrency Government Russia

Russian Lobby Group to Present Alternative Bill on Digital Assets

A lobby group of Russian industrialists and entrepreneurs wants to eliminate contradictions in the “unfinished and fragmented” state draft law on digital currencies. A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital […]