Whenever there is mention of blockchain or cryptocurrency ventures more often, people associate the idea with a couple of male participants. While they are female entrepreneurs and investors in the cryptocurrency community, there is little awareness among women on the potential of getting into the technology. However, that is set to end with the latest…


Petro, the cryptocurrency launched by the government of Venezuela in February 2018, is being considered by Russia as a means of international transactions, according to the Venezuelan Foreign Ministry. Venezuelan-backed Cryptocurrency Could Be Used By Russia A Russian-Venezuelan high-level intergovernmental meeting taking place in Caracas is discussing a number of issues, including bilateral cooperation in the military area,…


Time has discovered evidence to suggest that the Venezuelan oil-backed digital currency, “El Petro”, was helped into existence by Russian officials, bankers, and businessmen. It’s believed that Russia wants to use the currency as an experiment in dodging US sanctions placed against the Eastern power. Digital Currency Cannot be Controlled Like Traditional Cash Can The…


Unlike Russia’s Crimea, Venezuela and Iran, which are increasingly pinning their hopes on the crypto-economy to help them fight US-initiated sanctions, Quebec is not that enthusiastic about crypto-mining in general. “If you want to come settle here, plug in your servers and do Bitcoin mining, we’re not really interested,” Quebec Premier Philippe Couillard said at a conference in Montreal…


Russian authorities say they have arrested several engineers employed at the the All-Russian Research Institute of Experimental Physics in Sarov, a top secret nuclear weapons facility, because they were involved in a cryptocurrency-mining scheme at work. The tightly guarded nuclear facility is where the USSR’s first nuclear bomb was built. According to the BBC, it…


For the first time, Russia’s Ministry of Labor released an updated document consisting the recommendations on the declaration of incomes of government officials, has included a mandate for digital currencies. Russian civil servants are exempted from indicating their individual assets in the form of cryptocurrencies in the tax declaration certificate. But if relatives or friends…


Russian Finance Minister Anton Siluanov today warned over what he has described as the extremely ‎high-risk of buying speculative products that include cryptocurrencies like Bitcoin, as the‎ investment product is increasingly being marketed to ‘ordinary investors’.‎ In a similar vein to the ‎message earlier this month,‎ Siluanov said in an interview with Rossiya 24, a…


New cryptocurrency laws are expected to be introduced for official consideration to the Russia’s national legislature on Dec. 28, according to a senior government official. Russian media sources RIA and TASS cited comments from lawmaker Anatoly Aksakov, who chairs the State Duma’s financial markets committee, that the new rules – which will reportedly formalize rules around the…


A peculiar cryptocurrency named after the Russian president, PutinCoin, was among the best-performing digital assets on Friday. PutinCoin was up 126 percent on the cryptocurrency exchange YoBit on Friday, trading at $0.04. The currency has a market cap of over $7 million. “PutinCoin was created to pay tribute to the people and the president of…


Russia’s Deputy Finance Minister Alexei Moiseev has confirmed that a comprehensive framework for the regulation of cryptocurrencies and Initial Coin Offerings (ICOs), which is currently a work-in-progress under the joint supervision of Russia’s Ministry of Finance and Central Bank, will be ready by February next year. During an interview on the Russia 24 TV channel,…


Under the proposals, cryptocurrencies should be defined and regulated as blockchain products. Russia is slowly moving towards developing its regulation for cryptocurrencies and related tech. On Friday, Russia’s Presidential Commissioner for Entrepreneurs’ Rights Boris Titov presented a set of cryptocurrency regulation proposals drafted by experts from the P.A. Stolypin institute. Mr Titov, quoted by Russian…


According to a recent Investopedia article, Russia is gearing up to create its own cryptocurrency which will be known as the CryptoRuble. Unlike other blockchain currencies, it will not be possible to mine the CryptoRuble as the currency will fall under the total control and management of the Russian government. Interestingly, it will be possible…


Russia: Electricity Costs Subsidised by Project to Cryptocurrency Miners The launching of a pilot project is on its way in Russia that will be aimed at the subsidisation of electricity costs to the farm owners of cryptocurrency mining, as per a local publication. At the same time, the interest in ether, bitcoin, and mining is…