Tag: russia

Alexander Vinnik of BTC-e Loses Extradition Battle No Comments

The supposed ring leader of an international cyber crime scheme has lost his appeal against his extradition to the US. Alexander Vinnik of the now defunct BTC-e exchange is wanted on 21 counts of money laundering and other offences in the United States. Some of the illegal funds go right back to the infamous Mt. Gox compromise scandal in 2013. The other charges relate to drug trafficking and com...


Biocoin

BioCoin ICO Goes Live, as Russia Gradually Turns Crypto-Friendly No Comments

BioCoin crowdsale went live on November 1st, says LavkaLavka. The company has been working on hosting the first official Russian cryptocurrency platform -- Voskhod, in a move set to gain an appropriate percentage of the Russian crypto-market and allow broad public participation in its equity. With the ICO  live, BioCoin will rival other blockchain-based startups in a race to gain crypto-market va...


bitcoin mining, miners, blockchain,

Could Crypto Mining Provide a Low Cost Heating Solution? These Two Inventors Think So No Comments

People living in colder countries will know the dread of the heating bill's arrival all-too-well. However, two enterprising men from Siberia have figured out a way to not only heat their home for free but to actually make money out of it. Using the heat generated from cryptocurrency miners, the pair have been testing out what appears to be the world's very first Bitcoin heating system. To secur...


mywish, bancor, cryptocurrency

Cryptocurrency Will Become Available for the Most Part of the Population of Russia No Comments

St. Petersburg Social Commercial Bank (SPSCB) and MyWish plan to start a joint project following the decision of the Central Bank concerning cryptocurrency regulation. The project will open new opportunities for managing crypto assets in various real situations. The development and popularization of the blockchain industry create a demand for the development of services for owners of cryptocurr...


bitcoin russia, bitcoin ban, bitcoin issues

Putin Sets Timeline for ICO and Mining Regulation No Comments

Russian President Vladimir Putin has laid out a timeline within which regulation should be drawn up by Moscow lawmakers covering both initial coin offerings and cryptocurrency mining. According to  domestic newspaper RNS, Putin made the announcement on Tuesday following a meeting devoted to digital technologies in the financial sphere. The President instructed the Kremlin to prepare amendments t...


Biocoin

Eco-Friendly BioCoin Cleans up Initial Phase of Crowdsale by Raising $2.5 Million No Comments

The steady rise of cryptocurrency, as well as the public’s increasing awareness of eco-farming and sustainability, has inspired LavkaLavka’s initiative, BioCoin.  This Russia-based platform aims to support and develop local farming communities through their innovative crypto loyalty program. BioCoin’s popularity is already quite evident as they managed to raise an impressive $2.5 million...


Bitcoin Price Heads to $5,000 Despite Russia’s Cryptocurrency Exchange Ban Rumors No Comments

Despite rumors about the Central Bank of Russia’s short-term plans to restrict access to Bitcoin and cryptocurrency trading platforms, the Bitcoin price has surpassed the $4,860 mark and is heading towards $5,000. "Russia to ban #bitcoin trading!" - Bitcoin doesn't care, approaching $5,000. Russia doesn't even account for 0.12% of bitcoin trading. pic.twitter.com/o7j7nLTYlY — Joseph Young ...


Russia to Legalize Blockchain While Still on the Fence about Cryptocurrencies: Report No Comments

Russia is slowly but surely coming to terms with the existence of blockchain technology, Bitcoin, and other cryptocurrencies. Most recently, there was news about a possible ban on Bitcoin mining in Russian residential areas, while before that, there was talk about the spread of mining all sorts of cryptocurrencies among Russians. And now, Russian authorities are reportedly planning to legalize...


moiseev

Russia’s Deputy Finance Minister Moiseev Claims Bitcoin Payments Will be Banned Shortly No Comments

Not a week goes by without conflicting reports regarding Russia's stance on cryptocurrency. The most recent statement by deputy finance minister Alexey Moiseev has the community riled up again. More specifically, he claims cryptocurrency payments will be prohibited in the country soon. That seems a bit strange, considering the country is warming up to Bitcoin. Moreover, some of the nation's larges...


Russia, teleport

The Russian Telecommunications Company Has Begun the Process of ICO No Comments

The Russian telecommunications company Rusteleport has begun the process of ICO for Teleport - its new large-scale and unique project. Teleport is an Intercontinental trunking system and the virtual cellular operator based on mobile operators such as TELE2, Beeline, MTS. All payments are made in tokens. What is ICO? ICO (Initial Coin Offering) is a form of crypto-crowdfunding, which has been wid...


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