Recent development of affairs in Russia may signify that Russian officials have divided into two camps. While usually depicted as a monolith, Russian government en masse incorporates two opposing groups, usually dubbed securocrats and techlibs (an acronym for technology liberals). The former usually have something to do with various law.
Former Bitcoin Core developer and one of bitcoin’s earliest adopters Mike Hearn stated he abandoned digital currency ecosystem as it suffers from a massive crisis.
Following the post in Cryptsy’s blog stating the exchange had been subject to a hack in July 2014, the controversies around the company has gained momentum. Loss of funds would result in inevitable bankruptcy for the company.
Alexander Bastrykin, head of Russian Investigative Committee, promises to make cryptocurrency operations criminally punishable. He stated that in his interview to Russian government publication Rossiyskaya Gazeta, speaking about his agency’s combat with corruption, terrorism, cryptocurrency, and Ponzi schemes. “It is necessary to fight against varuous soap bubbles on financial market,.
Russian Ministry of Finance has finalized its own draft law concerning the ban of so-called ‘money surrogates’. It intends to submit it to the government’s reviewing. The ministry proceeded with development of the draft law as eary as August 2014. However, the document received numerous criticisms and was revised several.
Today Ukrainian largest private bank PrivatBank posted an interview about Bitcoin and blockchain with Nicolas Cary from Blockchain.info on the main page of its online banking service Privat24. The bank also sent a newsletter to its customers inviting them to watch the interview.
A renowned publication CoinDesk has announced today it has completed the process of acquisition by Barry Silbert’s Digital Currency Group.
Payment processor giant PayPal announced Wences Casares is joining its managing board. Casares is founder and CEO of bitcoin online-wallet XAPO.