Tagged: russia

Mario Draghi: Euro Cryptocurrency Not a “Concrete Option” for in Near Term, Cash “Remains Popular”

Costs presently outweigh benefits, and so the European Central Bank (ECB), “has no plans to issue a central bank digital currency,” at this time, though it is investigating the matter, says ECB president, Mario Draghi. Draghi made the comments in a September 12th letter responding… Read More

Official Says Russian Central Bank’s ICO Pilot a Success

Ivan Semagin, Deputy Director of the Financial Market Development at the Bank of Russia, told attendees at a finance and trade conference in Vladivostok this week that the Bank of Russia’s first “sandbox” trial of an ICO (intitial coin offering) blockchain system went well technically, though… Read More

Catching Waves: New System Protocol for Blockchain, Launches SIMDAQ on Tidex

The Waves Platform, a decentralized global platform offering an ecosystem for blockchain developers, has begun its process of activating Smart Contracts on the platform’s MainNet. According to the platform, Waves released a new system protocol for its blockchain, the first stage of the launch of Smart… Read More

Sberbank Teams Up With 500 Startups to Launch New Russian IT Startups Program

Sberbank announced on Friday it has formed a partnership with international accelerator 500 Startups to launch a new program specifically for Russian IT startups. According to Sberbank, the accelerator program is designed for the following areas: E-commerce Digital medicine Lifestyle services Cloud B2B services Advertising… Read More

Russian Police Seize 22 Bitcoin ATMs from Company BBFpro

Police in Russia have seized all 22 Bitcoin ATMs belonging to the company BBFpro without warning, Russian media outlet RBC reports. Police are said to be acting on orders from the Prosecutor General’s Office, orders induced by a letter from the Central Bank of Russia… Read More

Russian Politician Floats Deployment of Nuclear Weapons to Syria, Development of Gold-Backed Cryptocurrency as Countermeasures to US Sanctions

A Russian lawmaker, Vladimir Gutenev, told Russian news agency TASS  last week that Russia should consider ‘an asymmetric response’ to US pressure and sanctions, including deployment of nuclear weapons to Syria, suspension of missile non-proliferation treaties and development of a gold-backed cryptocurrency to help Russian… Read More

Russian Financial Crime Authority Adding Crypto Tracking to its Digital Monitoring System

The agency responsible for combatting money laundering and terrorist financing in Russia is developing a software tool to help it monitor crypto transactions, particularly those done in Bitcoin, Russian BBC reports. Publicly available contract information shows that a crypto-tracking analytical software package has been ordered by the Federal… Read More

Head of Russia’s Anti-Drug Directorate Asks for Mandatory Reporting of Crypto Transactions Exceeding USD $9,000

The head of Russia’s Main Directorate for Drug Trafficking, Andrey Khrapov, has asked the country’s legislators to require that all cryptocurrency transactions exceeding 600 000 rubles ($900 USD) be registered with or monitored by Russian authorities, Izvestia reports. Mr Khrapov reportedly contacted the Ministry of… Read More

Leningrad Regional Government Announces Russia’s Largest Crypto Mine

Following invitations issued by local politicians last fall, the regional government of Leningrad in northwestern Russia has now announced the opening of the country’s, “largest data processing centre…designed to extract digital currency,” Bitcoin News reports. The 4000 square metre “crypto mine” and its 3000 machines… Read More

Report: Global Crypto Industry, “Not Ready to Defend Itself and Protect its Users”

A new report from Group-IB, a computer forensics and information security company with offices in Moscow, London, New York and Dubai claims to have identified an almost four-fold increase in “compromised (customer) login data” at global cryptocurrency exchanges this year. The company also found that… Read More

Small Russian Newspaper Fined for Crypto Ad

Russian independent news publication Interfax has reported that the owner of a small newspaper in Tatarstan, a state in the Russian southwest, has been fined for carrying a cryptocurrency mining and investment advertisement. The Eleventh Arbitration Court of Appeal confirmed a prior decision to fine Unity Nizhnekamsk… Read More

Sberbank Is Investing RUB 27 Million in Six Startups Though In-House Accelerator

Russian banking firm Sberbank announced on Thursday it is set to invest RUB 27 million in six start-ups, created by employees through its in-house accelerator program, Sber#Up. According to Sberbank, Sber#Up in-house accelerator is a program that offers all the banking group’s employees support to create their… Read More

Rial’s Sharp Drop Over Weekend Boosts Demand for Bitcoin in Iran

The rial traded at historic lows this weekend in Iranian black markets as financial problems made worse by US sanctions continue to take a toll on the country. According to the Arab Times, Iran’s national currency traded at 116 000-to one US dollar Saturday before… Read More

Sberbank Announces Data Research & AI Competition Classic AI

Sberbank announced on Monday that applications for the Classic AI competition is now open. According to Sberbank, participants of the competition will develop an algorithm that will create a poem in the style of a given author, based on the received part of their text in Russian…. Read More

Waves DEX Now Stable – Said to Offer Good Liquidity at Low Cost

Waves has announced that Waves Client decentralized exchange (DEX),  is now stable after 53 beta versions. The Waves DEX is said to offer a completely new interface, new APIs and improved stability. The release also offers night mode and an asset manager, which allows searching… Read More

Blockchain Based Crowdfunding Platform Boomstarter Launches Token Sale

Russia based Boomstarter.Network, a “cryptofunding platform” has raised $1 million in early financing from venture funds and private companies as part of its ongoing token offering. The blockchain based crowdfunding platform stated that DTI, an investor in Telegram and Dropbox, are participating in the funding of… Read More

Mueller Indictment: Russia Financed Clinton Campaign Hacks with Bitcoin

The grand jury indictment filed in Washington Friday by the Mueller team claims multiple units of Russian spies used bitcoins in, “large-scale cyber operations to interfere with the 2016 U.S. presidential election.” Although cybersecurity experts recently warned the US Senate Subcommittee on Crime and Terrorism… Read More

Sberbank Teams Up With Tinkoff Bank To Launch P2P Payments Service

Russian banking group Sberbank announced on Friday it has teamed up with Tinkoff Bank to launch joint peer-to-peer (p2p) payment transfer service that uses mobile phone numbers. According to Sberbank, the new service allows bank card users to transfer money from card to card immediately by using their… Read More

Russian Banking Firm Sberbank Implements Payments Through Google Pay

Russian banking firm Sberbank announced on Thursday that it and Google have provided online shops and their clients a new tool for paying for online purchases – Google Pay. Sberbank claims it is the first bank in Russia to support online payment of goods and services… Read More

Russian Military Creating Blockchain Research “Technopolis”

The Russian military is building “a military technopolis” in the Black Sea town of Anapa where 200 scientists will focus on creating blockchain tech for national security, Russian publication Izsvestia reports. Protecting state secrets will be a priority at the new facility, which will welcome, “operators… Read More

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