Category Archives: Russia

Belarus Experiences Bonanza/Currency Panic

Posted on by

In dueling narratives in today's news headlines in Belarus the country is simultaneously experiencing both a trade bonanza and a currency panic to which strong capital controls have been imposed in response. As this happens a Russian Member of Parliament hinted in a tweet that if President of Belarus Aleksandr Lukashenko warms relations with the west in an effort to improve economic prospects he might face a fate similar to Libya's Ghaddafi who fell in a coup supported by the United States after entering into a détente. Continue reading →

St Petersburg Bitcoin Conference December 4th

Posted on by

On December 4th a Bitcoin conference will be taking place in St Petersburg, Russia that features a slate of speakers that includes Pirate Party of Russia founder Paul Rassudov. The conference will take place at the Ambassador hotel on Rimsky-Korsakov drive. According to the conferences website they are still soliciting speakers. Registration for the conference is 10,000 rubles.

RockMiner R4 Devices Seized at Customs, One Person Detained

Posted on by

Four Rockminer R4 Bitcoin miners were seized by the Customs Service in Chita, Russia along with the Russian Citizen transporting them according to a report by Coinside.ru's Maxim Primakov. According to the report this action may be supposed to be the beginning of a practical campaign against Bitcoin by the Russian Government following longstanding rhetorical opposition to Bitcoin by elements of the Russian Government.

Coinside's report offers hope that Customs officials along the European border may be less capable or inclined to seize Bitcoin mining devices, but cautions their readers about having mining devices delivered by Russian Post as the time taken to receive a Bitcoin miner is a critical factor that affects its possibility to mine profitably.