Russian Parliament Attacks Cryptocurrency Along with Ponzi Schemes

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.

Russia is to Ban Twitter

The court of the Chechnia, Russia, considered Charlie Hebdo’s account in Twitter the one that violates religious feelings of believers, and thus ruled to ban the social network in Russia.

Moscow Blockchain Hackathon Winning Team Proves the Permacoin Algorithm

The team that developed infrastructure for modular blockchain systems dubbed Scorex and proved Permacoin algorithm won the blockchain hackathon in Moscow. The winning team consists of just two people, Alexander Chepurnoi, who developed NXT in 2014 and 2015, and currently develops Scorex, and M. Dmitri, who had recently found out.

Russia’s First Blockchain Accelerator Opens in Moscow

This Wednesday was marked by the news on launch of Russia’s first blockchain accelerator, which also combines a fintech accelerator and a co-working space. The accelerator is a part of fintech accelerator FutureFintech. The accelerator’s founders haven’t pinned down the blockchain part’s name as yet, so everyone is welcome to.