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Tag Archives: Russia

Roundup – 22/10/2018 – Mining Issues in Russia & USA & more

Court rules Russian Church to Pay Higher Electricity Fees for Mining A regional court in Russia ruled that a church that apparently mines cryptocurrencies should pay higher electricity fees. Private people in Russia and some organizations like churches pay relatively low electricity fees. This led many individuals to mine cryptocurrencies in private. However, the energy […]

Blockchain Life 2018 Event To Convene In St. Petersburg

Russia and Eastern Europe will get the biggest conference on Blockchain and Cryptocurrencies yet to be seen. The conference will take place in St Petersburg, Russia from 7th to 8th of November. The Conference is Bringing Together Major Stakeholders The Blockchain Life 2018 conference will attract over 5000 attendees, 80 speakers, over 70 countries, and […]

Russia Opens It’s Largest Crypto Mining Farm In Leningrad

The Leningrad Region is now home to the largest Crypto mining farm in Russia. Reports from the regional government say that the farm sits in an area of about 4,000 square meters and has over 3,000 pieces of mining tools. The availability of engineering sites and low electricity prices are among the factors that have […]

Daily Roundup 9th August 2018: Why you should move to Venezuela if you are bullish on Bitcoin & more

Bitcoin price doubles every 18 days! – in Venezuela The price of Bitcoin has been plummeting since December. However, this has not stopped the cryptocoin to become extremely valuable in Venezuela. Recently, the socialist country made headlines with inflation rates with five digits. The IMF predicts an inflation rate of 1,000,000% by the end of […]

Daily Roundup: 16th July 2018

Chilean Court backs Orionx as it declares banks closing of accounts illegal The Fourth Chamber of the Court of Appeals of Santiago ruled that the Banco Estado has to reopen OrionX’s bank accounts. The state-owned Bank acted on its own authority and a mix of interests seems to be the reason why the Bank tries […]

New Registry for Whitelisted Cryptocurrency Businesses in Russia

A new record of whitelisted firms that provide Crypto-related products and services been developed by the Russian Association of Cryptocurrencies and Blockchain (RACIB). In addition, the much-awaited bill to monitor the virtual currencies in the country has been deferred until the development of the Financial Action Task Force on Money Laundering (FATF) policies. Whitelisted Cryptocurrency […]

Lithuania fears a Russian Crypto Invasion

Lithuania is one of the strongest growing economies in Europe. The country‘s market-friendly and unbureaucratic approach has helped the innovation of the country after the downfall of the Soviet Union. Today Russian influence is coming back in another form: Capital. Lithuania — one of the strongest growing economies in Europe In the past year alone […]

Telegram Blames Apple For Cooperating With Russia

Telegram’s founder Pavel Durov claims that the world’s most valuable firm, Apple Inc. is now working with the Russian government to interfere with its services. He says the company restricted Telegram’s updates worldwide to please Russia. Telegram’s War With The Russian Government In April this year, Telegram refused to surrender its users’ communication decryption keys […]