Russia

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Estimate: Crypto Investments in Russia Reached $200 Million Last Year

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Cryptocurrency investments in Russian startups have increased 10 times in 2017 when entrepreneurs set in motion more than 100 crypto-funded projects, according to a new estimate. Ordinary working people, however, remain wary. Only 8% of them would like to see their salaries paid partially in crypto. Nevertheless, Russians are optimistic about bitcoin and most of … Read more

Russian Bill Requires Deputies to Declare Their Cryptocurrency Investments

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The bill for the regulation of cryptocurrencies in Russia submitted by the finance ministry and the central bank requires State Duma deputies to declare their cryptocurrency investments. Currently, government officials are not required to declare their crypto holdings, according to a recent announcement by the Russian Ministry of Labor. Also read: Cryptocurrency Activities Will Be … Read more

More than Half of Russians Know About Bitcoin Now

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More than half of Russians have some knowledge about bitcoin, according to a new survey. Awareness is higher among young people and in major cities. Three quarters of the Muscovites feel informed about the leading cryptocurrency thanks to 185,000 publications in news outlets. Bitcoin is the most popular word in Russian social media, another study shows. … Read more

Russia Ready for Migrant Bitcoin Miners Influx

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Despite some indecisiveness about cryptocurrencies on the part of centralized power, Russia has been quietly preparing for a wave of migrant crypto miners from East and West. It’s been said that the country has got what it takes to invite them. A third of the Soviet era power producing capacity is idling, after energy hungry … Read more

Could Russia and Its Allies Create an Alternative Internet?

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Russia is one of those countries which intrigues a lot of people for various reasons. We are all too aware of this country’s mixed opinions regarding financial innovation. Perhaps the most worrisome aspect is that Russia apparently plans to create its own internet. Rumors regarding such a project have been circulating for quite some time now, but it … Read more

Survey: Indians See Brighter Crypto Future than Americans

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Despite repeated government warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of cryptocurrencies. Just as many Indians, as Americans, 7%, admit they own bitcoin or an altcoin, according to a survey that covered 6 countries, including major markets. Indians are more optimistic, however – 68% believe that most people will … Read more

Businessman Outright Buys Two Electric Power Stations to Do Bitcoin Mining in Russia

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China has dominated the bitcoin mining industry for a couple of years, but fears of a government clampdown are signaling now might be the best time to enter the market elsewhere in the world. And someone just made a big bet that Russia, with its cold weather and plentiful fossil fuel energy sources, is the … Read more