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… Continue reading Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities
Category: Russia
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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… Continue reading Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents
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,… Continue reading Commodities Firms Complete Blockchain Pilot for Black Sea Wheat
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.… Continue reading Russian Draft Bill Lacks Core Crypto Terms After Recent Edits
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… Continue reading Crypto Exchange YoBit Starts Pump Scheme on Random Coins
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… Continue reading Crypto Behind Bars: Arrests Making Headlines Across the Globe
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… Continue reading ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity
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… Continue reading Russian Lobby Group to Present Alternative Bill on Digital Assets