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Weak stocks and declining DeFi use continue to weigh on Ethereum price
24.5.2022
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000
Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent
24.5.2022
The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced...
Top 3 cryptocurrencies that are faring the best in the 2022 bear market
24.5.2022
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs
Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners
24.5.2022
Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators
Russian Appellate Court Cancels Decision to Block Tor Project’s Website
23.5.2022
A court of appeals in Russia has overturned a ruling by a regional court which allowed the blocking of the Tor Project’s website in the country. Due to violations during the initial proceedings, the case has been returned to the court of the first instance for another review. Roskomsvoboda...
Crypto Mining Farm Uncovered in Russia’s Oldest Prison
22.5.2022
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency...
Report: BRICS Countries Told to Consider Countering the Dollar’s Global Hegemony
22.5.2022
Chinese experts have called on leaders of BRICS (Brazil, Russia, India, China and South Africa) countries to consider countering the dollar, whose global hegemony is thought to be abusive. Still, the experts concede that any attempt to diminish the dollar’s dominance will take time. BRICS...
Draft Law About NFTs Submitted to Russian Parliament
21.5.2022
Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose...
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank
20.5.2022
Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank...
Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP
20.5.2022
Russia’s parliament, the State Duma, will debate a crypto regulation bill that was formulated by the Ministry of Finance at the start of the year in the coming weeks, a senior MP has claimed....
Read More: Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP
Russia to Legalize Crypto for Payments 'In Some Format or Other' - Minister
19.5.2022
As Russia’s brutal invasion of Ukraine continues to weigh on the Russian economy, Moscow will sooner or later decide to legalize cryptoassets as a means of payment, as indicated by the country’s Industry and Trade Minister Denis Manturov.
The official stated that the government is advancing...
Trade Minister Expects Russia to Legalize Cryptocurrency
19.5.2022
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister...
Russia will inevitably legalize crypto payments says trade minister
19.5.2022
“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov
Ukrainian Devs Moving To 'Safer Areas' With Grant Money
19.5.2022
Frogwares, a Ukrainian studio known mostly for their Sherlock Holmes games, have somehow kept working through Russia’s unprovoked invasion of their country. And now, thanks to a large injection of cash, they’ll be able to keep on doing that.Read more
Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says
18.5.2022
The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house...
Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate
17.5.2022
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates...
China returns as 2nd top Bitcoin mining hub despite the crypto ban
17.5.2022
China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year
Russians Based Abroad Say They Can’t Withdraw Funds from Binance
16.5.2022
Russian users – even some not located in the aggressor state of Russia – are complaining that they are having problems using the crypto exchange Binance.
The Telegram-based Russian financial news channel Banksta reported that the Binance exchange had “decided to punish Russians, regardless...
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
How blockchain archives can change how we record history in wartime
12.5.2022
We are coming into a great age of blockchain technology, but there are limits that need to be solved before decentralized archives enter the mainstream