Russia Denies Buying $10 Billion in Bitcoin, Telegraph Story Fake News

Russia is not planning to buy $10 billion in bitcoin this quarter, according to an official with the Russian State Duma. Elina Sidorenko, chair of the Duma’s cryptocurrency group, says the rumors are nonsense. “This statement has no common sense,” Sidorenko told ForkLog. “The Russian Federation — like any other country in the world — is simply not

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Russian Prime Minister: Don’t ‘Bury’ Crypto over Bear Market Woes

Russian Prime Minister Dmitry Medvedev has addressed the cryptocurrency bear market in a speech at the Gaidar international scientific forum, according to local media outlet TASS. Russian PM Warns Against Discounting Bitcoin On Tuesday, Medvedev stressed the importance of carefully monitoring the situation of Bitcoin and other cryptocurrencies, citing their volatility as a cause for

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Fake News: Why Russia is Probably Not Planning a $10 Billion Bitcoin Buy

Several crypto “news” outlets have gone ham with a story about the Russian government allegedly planning a massive purchase of bitcoin. Russia has made no official announcement to this effect. This reporter first came in contact with the story as it “broke” at The Daily Hodl, a site previously not known to this reporter as

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Russian Deputy PM: Crypto Downturn Justifies Caution in Enforcing Regulation

The Deputy Prime Minister of Russia, Maxim Akimov believes the current downturn in the market justifies caution in enforcing cryptocurrency regulation, Russian Finmarket reports. This statement comes after Mr. Akimov announced that the authors of Russia’s current daft cryptocurrency legislation to make amendments to the bill. The bills “On Digital Financial Assets”- which was adopted

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Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister

Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to the media on Wednesday at Russia Calling, an investment forum organised by VTB Capital, Oreshkin said that despite the woes of the crypto market,

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Alleged Bitcoin Launderer Begins Hunger Strike to Protest Western Extradition

Alexander Vinnik, the alleged administrator of defunct bitcoin exchange BTC-e, reportedly began a hunger strike on Monday following a series of developments in his case that has seen authorities in the US, France, and Russia jockey to extradite him into their custody. A report by Russian news agency TASS revealed that the head of Vinnik’s legal

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Moscow Residents are Slowly Warming to Crypto Payments: Study

In Moscow, green shoots of crypto adoption are starting to emerge. Indeed, of the Moscow locals who prefer non-cash payment methods such as mobile payments, 1% are using cryptocurrencies while 5% appear to be on the verge of doing so, according to Forbes, citing a study by Yandex.Money. The survey, which was also a product

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Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

Russia’s Financial Monitor Service (FMS) is seeking the intervention of a global financial watchdog to regulate cryptocurrencies, local media sources have reported. Russia Wants Global Crypto Regulations The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy

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Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors’ excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever ‘Beginning to Disappear’ The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses’ point of view

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Cryptocurrency Exchange Says it Plans to Nakedly Pump Random Coins

ripple price pumpMiddling cryptocurrency exchange YoBit has an unusual plan to attract more traders to its platform: randomly pump coins to artificially drive up their prices. In a Tweet published this morning, the exchange, apparently based out of Russia, said that on Thursday it will inject 10 BTC (~$66,000) into 10 random markets. “We will buy one

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