Officials Push Ahead Despite Concerns With West Virginia’s Blockchain Voting Experiment

West Virginia is gearing up to deploy a blockchain-based voting application for elections in November. The idea is being met with growing amounts of criticism from security experts and election specialists, but those spearheading the initiative are moving forward.  Earlier this year, Bitcoinist reported on West Virginia’s ambitious plans to bring blockchain to voting. In […]

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Bitcoin Fraud Suspect Alexander Vinnik Extradited To Russia

Greece’s Supreme Court has approved the extradition of Alexander Vinnik to Russia. Some think he might also have valuable information for U.S. Special Counsel Robert Mueller as he investigates alleged Russian election meddling. Alexander Vinnik was once a man with two lives. He was said to be one of the people behind the BTC-e exchange. He […]

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Russia’s Leningrad Region Unveils the Largest Crypto Mining Farm

The Leningrad region crypto mining facility is built at an investment cost of 500 million rubles (US $7.3 million) and has more 3000 mining machines installed with an energy capacity over 20mW. Cryptouniverse Builds the Largest Mining Farm On Monday, August 20, the government of Russia’s Leningrad region inaugurated “the largest data processing center in Russia, […]

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Russia Central Bank: Crypto Risk To Global Finance ‘Small’

Wilma Woo · May 31, 2018 · 3:00 pm The central bank of Russia has repeated its stance on cryptocurrency in its latest statistical bulletin, claiming its impact on global stability is “small.” No Threat To Financial Stability As the country prepares to issue hard-and-fast regulations on cryptocurrency, ICOs and more, the Bank of Russia […]

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Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions

Ashour Iesho · May 21, 2018 · 7:00 pm Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions.  Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. […]

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Russia Is Spearheading Global ICO Regulations But Can It Ever Work?

Samuel Rae · December 1, 2017 · 1:45 pm The Russian Association of Blockchain and Cryptocurrency is trying to establish a network of regulators for the ICO space but – whatever they achieve – doubts remain as to whether it can ever be totally effective. The part that various global nations will play in the […]

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