Investigation into Russian Crypto-Ponzi founders continue
The Russian police have placed three co-founders of Finiko a financial organization that reportedly scammed over 100 investors in July on a wanted list. Approximately 100 investors reported the financial organization Finiko to the police in July. These declarations revealed financial losses in the millions of rubles. According to some estimates, the amount might be […]
Russia’s NTI is developing digital inheritance tool
Russia’s National Technological Initiative (NTI), has announced that it is developing a digital inheritance tool, the tool enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service. A group of Russian professionals is developing a new blockchain-based service that will allow users to pass on their bitcoin holdings or digital rights to […]
Abkhazia is negotiating with Russia about supplying Bitcoin miners with energy
According to Abkhazia’s deputy prime minister, the state is in negotiations with Russia about energy supply, this is because they want to revive the mining industry which was temporarily put to stop. Abkhazia, a South Caucasus state, has announced that it is in talks with the Russian government to revive Bitcoin (BTC) mining in the […]
Bank of Russia instructs local exchanges not to list stocks by crypto-related firms
New stock exchange recommendations from the Bank of Russia do not apply to central bank digital currencies or permitted digital assets issued in Russia, according to the bank. Due to the increasing number of global cryptocurrency companies considering going public, the Russian central bank has publicly advised local exchanges to avoid listing any cryptocurrency-related listings. […]
RACIB’s new project plans to transfer global crypto miners to Russia
Russian crypto enthusiasts have already formed a coalition with some of China’s major cryptocurrency mining companies. In response to China’s crypto mining crackdown, a major cryptocurrency and blockchain organisation in Russia is launching an initiative to bring worldwide crypto mining companies to the nation. The Russian Association of Cryptoeconomics, Artificial Intelligence, and Blockchain, or RACIB, […]