Tag Archives: russia

Should anybody lose their bitcoin to hackers or have their coins stolen, the first thing they’ll want to do is get the police involved to help them in retaining their lost funds. However, when the country’s regulators are working against you, like they are in Russia, that can be extremely frustrating for those who are the victims of malicious actions.Russia Goes Against BTCA man in Russia who has had more than 100 bitcoin units stolen from him over two years ago has sought legal assistance in...

Russia starts using 5G network on autonomous mining dump trucks A 5G pilot zone has been deployed for the first time at the SUEK coal company open-pit mine in Khakassia, Russia to test the potential of 5G as part of an autonomous haulage system developed by Zyfra, Finnish-Russian industrial digitalization leader. The pilot project is trialed on 130 tons BELAZ-7513R autonomous mining dump trucks. Robotic dump trucks are part of the Zyfra...

The coronavirus lockdown has caused many people to see bitcoin in a different way, including residents of Russia.Russia Seems to Love BTCThe country has had a very mixed relationship with cryptocurrency. Assets are often traded in secret as government officials have not taken to digital assets the way other nations have. The country has also long considered a ban on digital currency trading, believing it leads to criminal activity such as money laundering.Now that everyone is stuck at home...

Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading.The dump started suddenly as Bitcoin’s price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an...

Amid lockdowns prompted by the spread of the novel coronavirus, Russian citizens have withdrawn more cash from banks and ATMs since the start of March, than they did in the whole of 2019. A report reasoned that people are afraid that banks may not function during the quarantine. For Russians, Cash Is Still King According to a recent report, Russians withdrew about 1 trillion rubles ($13.6b) from cash machines and bank branches since the start of March. This is more than the total amount...

While reviewing the upcoming distribution of digital assets left in Cryptopia storage, Judge David Gendall at the High Court in New Zealand classified Bitcoin and all cryptocurrencies as “properties.” The decision means that users of the exchange are allowed to receive the remaining funds.New Zealand Court: Bitcoin Is PropertyCryptopia was a New Zealand-based cryptocurrency exchange with a significant number of users. In January 2019, however, the platform suffered two back-to-back hacks. The...

Bitcoin had a relatively good week of trading as it recorded its highest price since the coronavirus crisis began in March. Yesterday, BTC peaked at above $7,200, marking an impressive daily run that sent the entire cryptocurrency market well in the green. The majority of altcoins were also charting double-digit increases.Since then, Bitcoin’s price retraced to where it currently sits at about $6,750. The important level to look for right now appears to be $7,000, and if the bulls manage to...

The unexpected COVID-19 outbreak is delaying the adoption of Russia’s legislation “On Digital Financial Assets,” according to a government official. However, he outlined that the law is completed. It will define cryptocurrency usage in the country, but it will also ban them from being used as a means of payment.Russia Postponing Crypto Law (Again)Russia’s law regarding digital usage in the country has been discussed since early 2018, according to Anatoly Aksakov, head of the Duma committee on...

After years of purchasing significant quantities of gold, the Central Bank of Russia will seize buying more as of April 1st. The country announced it yesterday without explaining the move.Local analysts, however, claimed that the nation already has a lot of gold stashed in reserves and might start selling to international investors because of the high demand.Russia Stops Buying GoldThe precious metal is often regarded as the preferable safe-haven investment instrument by many. Individual or...

Russia is officially looking to ban the sale and issuance of cryptocurrencies.Russia Says “No” to CryptoThe country – continuing its love-hate relationship with digital currency – has warned that its pending bill seeking to ban crypto activity within the country’s borders stems from the ongoing panic caused by the coronavirus pandemic. Regulators say that now, more than ever, bitcoin and its altcoin cousins are showing their volatility to be extremely dangerous, and that it’s simply not safe...