Tag: Russia

A New Bitcoin World

Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds

Over 50 Bitcoin ATMs Operate Legally in Russia, Study FindsAt least 51 cryptocurrency ATMs operate in compliance with the current regulations in Russia, estimates a new report. According to the study produced by the country’s crypto industry association, the average monthly turnover of each of these teller machines is around $27,000. Also read: Crypto Startups Push Swiss VC Investments to a Record $1.25B Most […]

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February 1, 2019 0

Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the […]

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January 13, 2019 0

Russians See Growing Number of Options to Buy Cryptocurrencies

Russians See Growing Number of Options to Buy CryptocurrenciesInterest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since last spring. In the past year, Russians also saw a growing number of other options to purchase digital coins. Also read: Abkhazia Temporarily Shuts Down […]

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January 2, 2019 0

Crypto Detectives Project Rates and Investigates Suspicious ICOs

Non-Profit Project Investigates and Rates Suspicious ICOsAn online platform created in Russia has set a noble goal of making the cryptocurrency industry safer for investors. The project investigates initial coin offerings (ICOs) that have raised suspicions and performs the due diligence for free. A report about each ICO is then published containing а summary of the findings and a conclusion about […]

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November 20, 2018 0

Russian Developers to Help Iran Build Its Crypto-Economy

Russian Developers to Help Iran Build Its Crypto-EconomyExperts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by […]

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November 15, 2018 0

Digital Bank Revolut Surpasses 3 Million Customers

Digital Bank Revolut Surpasses 3 Million CustomersU.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans […]

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November 13, 2018 0

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development OptionsParaguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye […]

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November 6, 2018 0

Sberbank CEO Sees Huge Potential for Cryptocurrency

Former Russian Economics Minister Sees "Huge" Potential for CryptoHerman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to […]

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October 23, 2018 0

$50 Million Bitcoin Mining Farm Opens in Armenia

$50 Million Bitcoin Mining Farm Opened in ArmeniaA new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish […]

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October 20, 2018 0