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Alexei Savatyugin, former deputy minister for finance of Russia called cryptocurrency the biggest financial and economic breakthrough in last fifty years. He stated that in an interview to publication The Banker. In addition, he noted that there were not many revolutions of that kind in the history of the civilization.

Bitcoin startup Purse announced a mysterious thing they called a “secret bitcoin project” named Tritium, which seems to be released in near future. No details regarding the project were available from the startup itself and its investors. The only information known in this respect is that the project is set to provide “new value to […]

A working group from the Commonwealth Bank of Australia, which has launched an innovation lab, has announced a test run of an internal blockchain to demonstrate its practical value and capabilities to broad public, including its customers, employees, and, most importantly, the representatives of local regulators.

An amateur video footage featuring conversations and other recreation activities of then-mayor of Saint Petersburg Anatoly Sobchak and his deputy Vladimir Putin is placed on auction with starting price of 100 BTC.

One of Ukraine’s biggest banks, PrivatBank, announced finalization of testing period for a service providing merchants with an option of accepting bitcoins for their goods. The service is quite usual for the crypto-space, as it transacts hryvnias (Ukrainaian national currency) to the merchant’s account in case of local acquiring, or Euros in case of international […]

The international bank Goldman Sachs issued a note to its clients listing seven prospects, or, as the authors put it, “themes, dreams, and flying machines”. Those prospects are the most promising new trends and tendencies that the bank recommends its investors to carefully heed. And the first on the list is the blockchain. Goldman Sachs […]

Speaking at a guest lecture held at the Harvard School of Law, a member of the US Commodity Futures Trading Commission, J. Christopher Giancarlo, stated that the blockchain could deprive professional accounants and recordkeepers from employment when adopted in the mainstream.

Russian State Duma considers several draft laws providing administrative and criminal prosecution for arrangement of companies working on Ponzi schemes, which are broadly referred to in Russia as ‘financial pyramids’. An amendment to the Criminal Code establishes four years of inprisonment for distribution of any information related to such organizations.