Weekly update: Important developments in cryptocurrency space
Leading up to this next step in the evolutionary cycle, the Bitcoin community is still having to deal with its ups and downs.
Latest Russia News
Russia’s central bank is ready to ban cryptocurrency payments
The Central Bank of the Russian Federation supports the potential ban of cryptocurrency payments, provided legislation were put in place, asserting that crypto still carries too much financial risk.
Crypto exchange WEX founder claims Russia intel forced $450M forfeiture
Alexei Bilyuchenko claims that he was forced to hand over sensitive info to the FSB which they used to take over $450M in user funds at WEX.
Weekly update: Important developments in cryptocurrency space
From egregious and amateurish errors to global regulatory changes, the Bitcoin ecosystem has seen a lot of activity this week.
Russia plans law allowing gov’t to confiscate BTC from 2021
The law is being drafted by the Interior Ministry working alongside other government agencies in Russia, and could take legal effect from 2021, according to local media reports.
Sigmapool is up and mining on Bitcoin SV
Sigmapool rolled out its joint mining service successfully on October 28, taking place at block 606334.
Crypto mining puts Russian scientist behind bars for 3 years
A Russian nuclear scientist has been discovered that using his work computer for cryptocurrency mining was an absolute no-no.
Fake Tor browser has been stealing BTC for years: research
The browser targets Russian-speaking users, altering their BTC and mobile payments wallets and has stolen over $40,000 so far.
Russian Central Bank in no hurry to create digital currency
The head of the central bank commented that the advantages of digital currency are still not clear.
Russia makes arrests in smuggling operation, seizes BTC
Russian crypto miners are in big trouble for smuggling in their hardware and failing to pay any type of dues.
Russia digital rights act defines smart contracts, cryptocurrency
The new laws specify the appropriate legal treatment for digital assets and smart contracts, and introduces the concept of “digital rights” into Russian law for the first time.
Russian nuclear scientist busted mining crypto at work
A nuclear scientist in Russia has been fined after it was revealed he had attempted to use one of the country’s most powerful supercomputers to mine BTC at work.