Tag Archives: Ukraine

Ukraine has announced plans to establish major data centers near some of its many nuclear power plants. These centers will ultimately be used to mine cryptocurrency and store important documents. The news suggests that bitcoin and cryptocurrency is growing more popular around the world as prices continue to experience further spikes.Ukraine Looks to Establish Itself as a Mining StateAs it stands, there are contrasting reports regarding how much electrical energy will be required for the...

The popular blockchain project Stellar has signed a Memorandum of Understanding and Cooperation with the Ministry of Digital Transformation of Ukraine to explore and develop virtual currencies and a CBDC. The native cryptocurrency has reacted with a massive surge by almost 40% a day after the announcement.Stellar And Ukraine To Work On Digital Assets And CBDCThe Stellar Development Foundation (SDF) announced the signing of the contract yesterday. The Memorandum will enable Stellar to work...

Russia’s attempts to provide more clarity toward cryptocurrencies continue with a new amendment to the Digital and Financial Assets (DFA) – a law that’s already in effect. The country has signed a decree obliging Russian officials to reveal their digital asset investments by June 30th, 2021.Russian Officials To Disclose Crypto HoldingsAccording to local news, President Vladimir Putin has signed the decree on December 10th. Country officials have to disclose thorough information regarding...

The leading cryptocurrency exchange Binance has assisted Ukrainian authorities to arrest a cybercrime organization that allegedly stole and laundered $42 million from various ransomware attacks across the world.Binance And Ukraine Partner To Stop A Cyber GangLast year, the exchange launched a new initiative, dubbed Bulletproof Exchanger aiming to identify and track hubs of malicious activity involving cryptocurrencies or companies within the ecosystem. Upon discovering such activities,...

Merely days ahead of the Bitcoin halving, Ukraine and Iran are taking steps into expanding mining services within their borders.Ukraine plans to utilize excess nuclear power, while the Asian country has granted a license to a Turkish company to operate up to 6,000 mining rigs in Semnan.Nuclear Power Utilized For Crypto Mining?The Ukrainian Ministry of Energy and Environmental Protection recently published a press release outlining the possibility of adopting cryptocurrency mining soon....

Gulliver Trade Center in Kiev, Ukraine Die Ukraine ist Kryptowährungen alles andere als abgeneigt: Im ukrainischen Parlament, der Werchowna Rada, haben die Abgeordneten ein Gesetz verabschiedet, das Bitcoin zum Eigentum erklärt. Damit wird Bitcoin ein legales Tauschmittel und der Staat garantiert Rechtssicherheit im Handeln, Bezahlen, Transferieren und Investieren. Auch...

Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has reportedly adopted an amended draft law that seeks to introduce cryptocurrencies as a legal means of payment and investment within the country.According to a report, this development is an effort to work in accordance with the Financial Action Task Force (FATF) global standard for cryptocurrencies, which requires participating countries to provide guidelines for their individual crypto space. The...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...