Cryptocurrencies

TON, Pavel Durov’s blockchain platform, prepares for launch in 10 countries

January 28, 2019

Telegram Open Network (TON), Pavel Durov’s darknet blockchain platform, and its cryptocurrency Gram, could be launched publicly as soon as March 2019 – a bit later than initially planned – according to Russian tech publication The Bell. Another Russian tech media, Kod Durova (‘Durov’s code’) puts the launch date at the second quarter of this year. Meanwhile, a …

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Cryptocurrency mining with Siberian babushkas

January 22, 2019

A residential block of red bricks stretches unambitiously under the freezing sky of Irkutsk, Siberia. Inside, a series of small bitcoin mining machines are running on cheap electricity, as grandmother Valeriya’s family of domestic miners, a bullish bunch, stack up a potential fortune for the future. The granny, only identified as Valeriya, has never looked …

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“No reason to bury cryptocurrencies,” says Russian PM, but rumor of massive purchase of bitcoin unfounded

January 18, 2019

Government officials made contrasted statements on cryptocurrencies earlier this week at the Gaidar Forum, a yearly conference and elite gathering sometimes dubbed ‘the Russian Davos.’ Thus, Vice Prime Minister Maxim Akimov did not hide his skepticism about digital coins “as currencies,” while Prime Minister Dmitry Medvedev said that their volatility was “not a reason to …

“No reason to bury cryptocurrencies,” says Russian PM, but rumor of massive purchase of bitcoin unfounded Read More

Cryptocurrency exchanges eye Russia for expansion despite sanctions

January 14, 2019

Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification. In addition, according to a recent report, interest toward cryptocurrencies has remained relatively stable in spite of the bitcoin’s fall. These seem to be among the reasons why a …

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While bitcoin price fell, Russians kept interest towards cryptocurrencies throughout 2018

January 12, 2019

Interest 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. Transaction volumes on P2P exchanges such …

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Russian parliament postpones adoption of digital assets bill

December 23, 2018

The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate to regulate digital financial assets, including cryptocurrencies, and ICOs. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced. In …

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Huobi opens Russian office in partnership with state bank

December 14, 2018

Last week Singapore-based cryptocurrency exchange Huobi officially launched its first branch in Russia. The new exchange, dubbed Huobi Russia, is established in partnership with the state-owned Vnesheconombank (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud. The Center of Digital Transformation was created by VEB to promote blockchain. Back in September …

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From industry applications, to regulation, to ICOs: International blockchain event in Moscow (Nov. 20)

November 26, 2018

Organized by Smile Expo, Blockchain Conference Moscow is part of an international series of events gathering local and global industry experts and players. The Moscow edition will be held for the eighth time. Intended for developers, entrepreneurs, investors, startup founders, as well as financiers, economists, lawyers, and marketers. It will highlight blockchain and cryptocurrency trends …

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A startup with Russian roots signs EU’s first blockchain property deal

November 8, 2018

A San Francisco-based startup, Propy, founded by Russian immigrant Natalia Karanyaeva, has powered Europe’s first real estate deal on blockchain. Previously, the project secured the first property transaction of $10 as a part of a pilot program in the state of Vermont in the USA. The EU’s first property sale on blockchain took place in …

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Russian company launches giant mining farm near St. Petersburg

September 18, 2018

Last month crypto mining service provider CryptoUniverse launched what it claims to be Russia’s biggest data center for cryptocurrency mining. Located in the industrial park Levoberezhnyi at Kyryshy, a town in the the Leningrad (St. Petersburg) region, the facility occupies 4,000 sq. m. and hosts 3,000 machines to mine Bitcoins and Litecoins. “We are offering …

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Russians eye two islands for crypto exchanges

September 16, 2018

While authorities in Moscow are still fine-tuning their revamped crypto legislation, to be presented for public discussions in October, participants in last week’s Eastern Economic Forum in Vladivostok have been busy discussing regulatory matters related to cryptocurrency mining and the circulation of digital coins in the vast country. Several Russian regions have been mentioned multiple …

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1/3 of Russians have some knowledge of cryptocurrencies, but very few have any intention to purchase them

August 20, 2018

The emergence of bitcoin and other cryptocurrency market news received a relatively large echo in Russia over the past year or two even beyond the narrow circles of blockchain engineers or professional investors. ROMIR, a major Russian marketing and media research company, has studied the level of knowledge and the attitudes towards cryptocurrencies among the …

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