Tag Archives: russia

Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press release shared with Cointelegraph today. The Moscow-based exchange, dubbed Huobi Russia, is established in partnership with the state-owned Russian Development Bank’s (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud. The Center of… Read More »

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. The bank announced Thursday that, with participation from Region Brokerage Company and the country’s National Settlement Depository (NSD), it settled the “world’s first” three-way over-the-counter (OTC) repo using a smart contract. In a repo, securities are sold to an entity, with the seller agreeing to… Read More »

Russian Intellectual Property Court Trials Blockchain to Store Copyright Data

A Russian court dedicated to intellectual property cases has successfully tested a blockchain network for storing copyright data. The technology was reportedly used for the first time in the judicial area in Russia, major Russian news agency TASS writes Monday, Dec. 3. According to TASS, the court recorded a change in a group of right holders, using a… Read More »

Russia: Sberbank and Interros Group Conclude Blockchain-Based Foreign Exchange Repo Deal

Sberbank and Interros Group have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reports Nov. 30. The Interros Group is a Moscow-based private equity firm founded by Russian oligarch Vladimir Potanin in 1990, with stakes in Norilsk Nickel, pharmaceutical company Petrovax Pharm, and ski resort development firm… Read More »

Russian Crypto Bill Draft Pushed Back to First Reading for Significant Edits

Russia’s cryptocurrency legislation, the draft bill “On Digital Financial Assets,” has been sent back to the first reading stage for significant changes, Russian daily newspaper Kommersant reported Nov. 30. According to Kommersant, the head of the council and chairman of the State Duma committee on state building Pavel Krasheninnikov said that the document has no relation to cryptocurrencies… Read More »

Russian Economic Minister Says BTC Is ‘Soap Bubble’ But Lauds Crypto’s Influence on Tech

The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has has led to investors’ losses, Russian informational agency RBK reported Nov. 28. Minister Maksim Oreshkin, speaking in an interview with RBK, noted how the the cost of Bitcoin (BTC) has decreased dramatically, referencing the coin’s rise to $20,000 in December 2017:… Read More »

Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister

Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to the media on Wednesday at Russia Calling, an investment forum organised by VTB Capital, Oreshkin said that despite the woes of the crypto market, The post Bitcoin… Read More »

Cyprus Court Withdraws Money Laundering, Fraud Lawsuit Against Alleged BTC-e Operator

The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, has said that a district court in Cyprus has withdrawn their lawsuit on charges “of fraud, money laundering and other crimes.” This development was reported by state-operated Russian news agency RIA Novosti Nov. 27. Timofey Musatov, the head of the lawyers’ group representing Vinnik,… Read More »

Russian Miners Sell Their Equipment Amid Market Plunge

A growing number of Russian miners are looking to sell their hardware. The recent market correction has decreased the profitability of minting digital coins, especially for enthusiasts who are mining in their homes, basements and garages. Russian Miners Selling Used Hardware Amateur mining used to be very popular in Russia, where electricity rates for individual consumers are pretty… Read More »

Alleged Bitcoin Launderer Begins Hunger Strike to Protest Western Extradition

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. 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,… Read More »