BRICS Nations Ponder Digital Currency to Ease Trade, Reduce USD Reliance

The BRICS association of major emerging economies has discussed developing a digital currency to ease trade in the bloc and reduce its reliance on U.S. dollars in settlement. The possibility was raised by the BRICS business council at a meeting in Brazil amid talks on the development of a new payments system between its five […]

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Bitcoin Mining Farms Are Flourishing on the Ruins of Soviet Industry in Siberia

The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of the USSR) have lured miners with cheap electricity. The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing […]

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Blockchain Ticketing Platform From Top Russian Airline Took $1 Million in July

Russia’s second largest airline is touting the benefits of blockchain technology after a ticketing platform it developed raked in over $1 million in a month. According to an announcement from S7 Airlines on Wednesday, the positive figure for July is poof that blockchain tech can help boost businesses’ sales. “Thanks to this new technology, now it’s easier […]

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Bitcoin Mining is Just Another Form of Counterfeiting: Russian Banking Chief

The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace […]

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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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Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Bank’s ‘Outrageous’ Prediction

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. “Bitcoin is thrown to the wolves,” the headline reads, punctuating the tail end of Saxo Bank’s prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to “its fundamental ‘production cost’ of $1,000.” The Danish […]

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