News by results: Russia

Central Bank of the Russian Federation: There will be no legalisation of cryptocurrencies

“Cryptocurrencies are a high-tech Ponzi schemes, and Russia is not going to legalise them,” stated Sergey Shvetsov, Deputy Chairman of the Bank of Russia.

Forbes: FaceApp application in 10 days earned more than $ 1 million

Application developers for FaceApp smartphones earned more than $ 1 million from July 9 to July 19, amid a sharp increase in the popularity of the product, the Russian edition of Forbes reports.

Tor browser usage by Russians is becoming massive

Over 600,000 Russians used the Tor browser on July 11, 2019, which is the all-time record for the country. The fact is confirmed by data on the official website of the project.

Putin outlines Russia’s national AI strategy priorities

Russian President Vladimir Putin has offered the best insight yet at what shape the country’s AI strategy will take.

Russia’s Central Depository to Launch Security Token Blockchain Next Month

Russia’s National Settlement Depository (NSD) plans to launch its long-awaited digital asset ledger next month – 5,000 kilometers away from the institution’s Moscow headquarters.

Alexey Fedorov: Quantum computers are a threat to cryptocurrencies and blockchain

Alexei Fyodorov, a senior researcher at the Russian Quantum Center, in an exclusive interview told LetKnow.News about the threats that quantum computer poses to Bitcoin, what is going to happen after its appearance to BTC, and which cryptographic problems are yet to be solved by blockchain developers.

Expert explained why crypto exchanges need their coins

Cryptocurrency exchanges have at least several reasons for issuing their own tokens. That’s what Alexander Bespalov, board member of the Russian National Association of Blockchain believes.

3% of American Retirees Own Some Bitcoin, While 33% Have No Idea What Bitcoin Is: Survey

About 3% of American retirees claimed to own some bitcoin (BTC) in a new survey released by precious metals-focused magazine Gold IRA Guide on April 17.

Expert explained why we need stable coins

With stable coins traders can fixate their profits without converting into fiat currencies. That’s what Alexander Bespalov, a member of the board of the Russian National Association of Blockchain told LetKnow.News.

In the Russian Federation, the economy has lost $ 2 billion due to the lack of crypto regulation

The Russian economy has lost about $ 2 billion in 1.5 years due to the lack of regulation of the cryptocurrency market, the press service of the RACIB (Russian Association of Crypto Industry and Blockchain) said.

Russian Prime Minister urged not to overdo the regulation of cryptocurrency

Russian Prime Minister Dmitry Medvedev spoke against excessive regulatory regulation of the cryptocurrency industry in the country. He made this statement at the plenary session of the Digital Agenda in the Epoch of Globalization 2.0 Innovation Ecosystem of Eurasia forum.

Russian Bitcoin Mining Granny Is Bullish on the Industry’s Future

A residential block of red bricks stretches unambitiously under the freezing sky of Irkutsk, in the Russian province of 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.

Kaspersky Lab Says Cryptojacking Cases Have Risen 400% in 2018

Did you know there have been 13 million cryptojacking incidents in 2018? Russian cyber-security firm Kaspersky Lab has released data that cryptojacking cases have gone through the roof rising 400% this year alone.

Russian Deputy PM: Crypto Downturn Justifies Caution in Enforcing Regulation

The Deputy Prime Minister of Russia, Maxim Akimov believes the current downturn in the market justifies caution in enforcing cryptocurrency regulation, Russian Finmarket reports.

Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal

State-owned Russian bank Sberbank has completed a repurchase agreement, or repo, using blockchain technology.

Alleged Bitcoin Launderer Begins Hunger Strike to Protest Western Extradition

Alexander Vinnik, the alleged administrator of defunct bitcoin exchange BTC-e, reportedly began a hunger strike on Monday following a series of developments in his case that has seen authorities in the US, France, and Russia jockey to extradite him into their custody.

Russian Authors' Society to Launch Blockchain Platform for Intellectual Property Loans

Major NGO the Russian Authors' Society (RAO) will launch a blockchain-based financial platform for intellectual property-secured loans, according to Russian news outlet TASS Nov. 16.

Huobi Exchange’s Plans for Russia Go Well Beyond Crypto Trading

Huobi, the third-largest crypto exchange by trading volumes, is seeking to fill a void in Russia’s cryptocurrency community.

Crimean Government Considers Creation of Blockchain Cluster and Crypto Fund

Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory.

Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

The Russian branch of digital asset exchange Huobi is scheduled to open on Nov. 12 with a Russian-language website and local support services. The global cryptocurrency company wants to support Russian startups and mining projects, in addition to launching an educational program.