Russian bill would legalize crypto mining, sales under ‘experimental legal regime’

The bill provides a legal definition of mining and mining pools and would create a domestic cryptocurrency market in Russia’s latest step to integrate digital assets into its economy.

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Bitcoin hits new September high on US payrolls, G7 Russian energy cap

BTC price action nears $20,500 as on-chain data convinces one popular analyst that current moves are a bear market bottom in the making.

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Crypto Market Forecast: Week of June 7th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, a key Russian official considers crypto for international transactions, President Biden outlines an inflation strategy, and the Cardano community gears up for the Vasil hard fork.

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German Authorities Shut Down Russian Darknet Market, Seize $25M in Bitcoin

The marketplace's bitcoin privacy mixer complicated the investigation, police said.

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Bitcoin, Ether, Cardano, Solana Gain $50 Billion As Russia’s Stock Market Resumes Trading

The resurgence across major cryptocurrencies comes even as the Russian stock market opens up for trading after shutting down for a month following a central bank decision after major stock indices slumped in the aftermath of the Ukrainian invasion.

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Dubai Is On Its Way To Becoming Crypto’s WonderLand After Issuing Licenses To Binance And FTX

The resurgence across major cryptocurrencies comes even as the Russian stock market opens up for trading after shutting down for a month following a central bank decision after major stock indices slumped in the aftermath of the Ukrainian invasion.

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Former CIA Analyst Says Crypto Market Not Large Enough To Offset Russian Losses But Small Scale Entities And Oligarchs Could Gain

In a CNBC interview with industry experts and former CIA economic analysts, it was revealed that the crypto market was not a practical solution for Russia. However, exchanges have to be placed on high alert for oligarchs and entities that might use cryptocurrencies to evade sanctions.

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Bitcoin’s slides back at $38k, but funds keep moving out of exchanges

As the war in Ukraine moves into its third week, if there still is a demand for bitcoin (BTC) and other cryptocurrencies in the Russian and Ukrainian markets, to try to escape sanctions or as an escape route for people to safeguard their funds, this does not seem to have reflections on market prices of […] The post Bitcoin’s slides back at $38k, but funds keep moving out of exchanges appeared first on CryptoSlate.

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Coinbase Ready To Ban All Russian Users If Government Decides To Impose A Ban – CEO Brian Armstrong

The debate of whether bitcoin is stealing gold’s market share as a store-of-value asset has been heating up in recent years. With bitcoin getting clobbered amid the crisis in Ukraine, investors are now questioning its safe-haven status.

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Russians are paying up to $20,000 above market rate to buy Bitcoin

Media outlet DeFiprime dot com noted Bitcoin is trading for up to $20,000 above the market rate on Russian exchanges. The post Russians are paying up to $20,000 above market rate to buy Bitcoin appeared first on CryptoSlate.

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Bitcoin In Demand, Bulls Enjoy 9% Surge

Bitcoin surged as much as 9% after a weekend selloff, on anticipation that cryptocurrencies may gain popularity as a result of Russian sanctions. According to TradingView, the crypto market appears to have recovered after weeks of poor performance, with the price of Bitcoin (BTC) rising 14.

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Bitcoin hits $41k as Russian ruble plummets in value

As the war in Ukraine continues, Bitcoin and the rest of the crypto market, including Ethereum, has been highly correlated to the traditional market. The post Bitcoin hits $41k as Russian ruble plummets in value appeared first on CryptoSlate.

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Central Bank of Russia Braces for Turmoil With Nonresident Trading Ban

Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening.

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Crypto Market Forecast: Week of February 28th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, markets see-saw as sentiments swing following the Russian invasion of Ukraine, the correlation between BTC and equities remains high, and the market readies itself for Jerome Powell's latest monetary policy testimony.

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$170 Million In Futures Liquidate As Bitcoin Recovers Above $38k

Data shows more than $170 million in Bitcoin futures has liquidated over the past 24 hours as the price of the crypto makes sharp recovery above $38k. BTC Price Makes Sharp Recovery From Crash Due To Russia’s Invasion Of Ukraine Following the commencement of the Russian invasion of Ukraine yesterday, the price of Bitcoin took a deep plunge down as investors pulled out of the market.

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Russian miners keep running, may see pivot to Bitcoin in response to sanctions

With sanctions coming from the U.S. and allied NATO nations, it is unclear how the local BTC sector and the broader market will be impacted.

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Russian Crypto News Site Warns it Might Shutdown Amid Ukraine Invasion

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Crypto Market Bleeds As Missiles Rain Down On Ukraine

On the heels of Ukraine’s economic troubles, Bitcoin and Ethereum have taken a pounding in the crypto market. According to multiple news reports Thursday, around two dozen Russian cruise missiles have hit specific targets in two cities in Ukraine, including its capital, Kyiv.

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Ukraine Is Better ‘Armed’ Than Russia In Crypto Adoption As War Breaks Out

Ukraine has an advantage in terms of crypto adoption over Russia, research shows, as the latter launches an invasion of Ukraine. Chainalysis, a market research firm, rated Ukraine fourth globally in its 2021 Global Crypto Adoption Index (GCAI), which tracks the amount and value of cryptocurrency exchanged in a country.

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Bitcoin and Altcoins Tank as Russia Launches Full-Scale Invasion of Ukraine

The cryptocurrency market suffered a severe drop after Russian forces launched a full-scale invasion of Ukraine

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Russia Stocks Plunge by 13%; War Fears Trickle Down on Cryptocurrency and Futures Contracts

The Russian stock market plummeted on Monday as war concerns sparked a massive sell-off, wiping off tens of billions of dollars from the value of some of the country's most valuable companies.

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Russian Stocks Crash 13%

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Crypto Market Forecast: Week of February 21st 2022

A curated weekly summary of forward-focused crypto news that matters. This week, digital asset investors play it safe as the US warns of a Russian invasion, the Ethereum network hashrate hits a new all-time high, and investors prepare themselves for the latest round of inflation figures from the US.

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Russian Central Bank: everything must be done to protect Russians from cryptocurrency market risks

Cryptocurrencies carry high risks for the financial well-being of citizens and national economy stability, therefore they cannot be legalized, says the head of the Central Bank of the Russian Federation, Elvira Nabiullina.

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If Russia regulates the market, Moscow could pocket $13 billion in crypto tax each year

While Moscow continues weighing its options for regulating cryptocurrencies, preliminary estimates suggest that Russian authorities could collect up to $13 billion (1 trillion rubles) from taxing the market, according to The Bell.

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Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market

Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.

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Estimated Russian Urals Oil Prices Turn Negative, Storage Capacities Are Full

Coinspeaker Estimated Russian Urals Oil Prices Turn Negative, Storage Capacities Are FullWith government institutions enforcing a shutdown due to the COVID-19 outbreak, the demand in the oil market has plunged to a record low.

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Poloniex Platform Masters Russian Language After Leaving US Market

Poloniex starts adding Russian language support on its website just about three months after leaving the U.S. market

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Kraken Futures Pushes Into The Under-Appreciated Cryptocurrency Market In Russia

The licensed futures provider that was bought off by Kraken late last year known as Crypto Facilities, has announced the hiring of Aleksey Bragin to expand its operations in Russia. The firm intends to intensify in-person visits as well as operate various social media groups using the Russian language.

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Russia’s Hydra Darknet Marketplace Plans $146M Token Sale

According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale.

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Apple Under Investigation, Blamed for Unfair Competition in Russia

Coinspeaker Apple Under Investigation, Blamed for Unfair Competition in RussiaIt is said that Apple is being investigated by the Russian anti-monopoly watchdog. Kaspersky Lab filed a complaint pointing out that the company might be abusing its dominant positions in the market.

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Bees, Bud And Business: Top Projects Surfing on the WAVES Platform

Waves swept onto the shores of the blockchain scene back in 2016, thanks to a group of Russian developers who became disillusioned with NXT. They decided to launch their own platform, aiming to make it quick and easy for anyone to issue their own token.

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Russian Customs Service Opens Investigation into Illegally Imported ASIC Miners

The Russian Federal Customs Service has initiated a probe into DTPK, an importer of Bitmain miners, for submitting falsified documents to customs officials and evading $1. 2 million in duties. The false documents had listed a much lower price for the miners and their power elements relative to their market price, as reported by CoinDesk, JulyRead MoreRead More.

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Tether Finds Real-World Use Case In China-Russian Grey Market

The grey market flow of cheap Chinese goods into the Russian market has established a real-world use case for Tether. Millions of dollars worth of USDT are being used every day to sidestep strict capital controls for remittances back to China.

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Bitcoin is the 11th largest monetary system in the world, ahead of Korean won

Bitcoin’s current market capitalization would make it the 9th largest monetary system in the world, ahead of the Korean won and behind the Russian ruble. Bitcoin continues to grow The monetary base is defined by the US Federal Reserve as: “The sum of currency in circulation and reserve balances—deposits held by banks and other depository […] The post Bitcoin is the 11th largest monetary system in the world, ahead of Korean won appeared first on CryptoSlate.

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Russia Has No Plan To Legalize Facebook's Libra Cryptocurrency

Chairman of the Russian State Duma Committee on Financial Market Anatoly Aksakov says the country will not legalize the use of Facebook's Libra despite recent bills meant to loosen the grip on the use of cryptocurrency.

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Senior Russian Parliament Member Warns Against Crypto Asset Use, Alleges They Can Ruin Governments

Nikolai Arefiev, a Parliament member of the Communist Party in Russia, says crypto use could threaten governments. Russia has still not implemented any regulations for the crypto industry, as it is not a priority.

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Risk On! Fundstrat’s Tom Lee Spots a ‘Huge Buying Opp’ in Stocks

By CCN: As Donald Trump and China continue to play Russian roulette with the global economy, the Dow Jones Industrial Average is doing just fine, thank you. Fundstrat Co-Founder Thomas Lee is an uber-bull, both in the stock and crypto markets.

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Fin Foundation Plans to Implement Token Payment on Gas Stations All Over Western Europe

Coinspeaker Fin Foundation Plans to Implement Token Payment on Gas Stations All Over Western EuropeFin Foundation, a newly created company with South Korean roots, are aiming to take over the Russian and CIS gasoline market, by implement the FIN token as a method of payment at gas stations.

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Fin Foundation Plans to Implement Token Payment on Gas Stations all over Western Europe

Bitcoin Press Release: Fin Foundation, a newly created company with South Korean roots, are aiming to take over the Russian and CIS gasoline market, by implement the FIN token as a method of payment at gas stations.

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Fin Foundation Set to Implement Token Payments at Gas Stations Across the Globe

Fin Foundation, a South Korean blockchain startup is looking to revolutionize the Russian and CIS gasoline market by making it possible for people to pay with FIN token when they purchase gas. At current, FIN token is already being accepted at several gas stations across South Korea.

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Fin Foundation Plans to Implement Token Payment on Gas Stations all over Western Europe

Bitcoin Press Release: Fin Foundation, a newly created company with South Korean roots, are aiming to take over the Russian and CIS gasoline market, by implement the FIN token as a method of payment at gas stations.

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‘Bitcoin Price’ is a Meaningless Metric: Russian Economist

Vladislav Ginko, semi-famous for making lots of people in the crypto space believe that Russia was going to buy a massive amount of Bitcoin, took to Twitter recently to tell us all that the standard market capitalization metrics and “pricing in fiat” makes no sense.

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“Russian Facebook” VK.com Mulls Hitting the Market with Its Own Crypto

Popular Russian social network VKontakte (VK for short) is considering the launch of a cryptocurrency as reported by Russian media

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Dow Trembles after Mueller Report Shockingly Vindicates Trump

US President Donald Trump might have expected a massive stock market bounce following the bombshell revelation that Special Counsel Robert Mueller’s 675-day-long investigation into the Trump campaign had failed to expose any evidence of collusion with the Russian government.

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New Crypto Exchange Bitzlato Offers P2P Trading

There’s a new digital asset exchange on the market that offers opportunities for peer-to-peer cryptocurrency trading and a variety of fiat payment options. Bitzlato is a Russian platform integrated with a P2P exchanger that features a web-based version and a Telegram bot buying and selling six cryptocurrencies.

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The Daily Tip: New Crypto Exchange Bitzlato Offers P2P Trading

There’s a new digital asset exchange on the market that offers opportunities for peer-to-peer cryptocurrency trading and a variety of fiat payment options. Bitzlato is a Russian platform integrated with a P2P exchanger that features a web-based version and a Telegram bot buying and selling six cryptocurrencies.

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P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51. 51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela.

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The leading players in the venture capital market will meet in April in Kazan, Russia

The facilitators of the Russian Venture Forum plan to present an information kit of lesser-known Russian innovative companies developing projects in the field of Blockchain at the exhibition site. The Republic of Tatarstan that is nowadays known to be an innovative hub of Russia, will come into the spotlight of the founders and managers of […]

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Crypto Chart Analyzes Bitcoin’s Delta Price to See It Accelerate to New Lows

This week, the market saw several fundamental developments that further signals cryptocurrency adoption by the institutional investors. Russia made headline this week as the Russian President Vladimir Putin gave the order to adopt the pending legislation by the first half of this year i.

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