Putin

Representatives of Opec’s current 15 member states meet at its headquarters in Vienna, Austria on Thursday, 6 December, for their latest biannual meeting, where they will set production levels for […]

Western sanctions against Russia haven’t worked and both Moscow and the West would benefit from lifting them, Russian President Vladimir Putin declared on Tuesday as he visited Austria – one […]

Russia’s currency plunged to the weakest level since December 2016 and the government canceled a bond auction as the toughest U.S. sanctions yet combined with an escalation in tensions over […]

Russian officials are developing a cryptocurrency intended to help the country evade international financial sanctions, the Financial Times reported on Tuesday.

Russian President Vladimir Putin has commissioned government agencies to work on a “cryptorouble,” the FT reported, citing Moscow officials.

An advisor to Russian President Vladimir Putin is trying to raise as much as $100 million in an initial coin offering (ICO). The funding effort for the "Russian Mining Company" was revealed this week by Dmitry Marinichev, who serves as the internet ombudsman to Putin’s office.

According to a presentation published in tandem with the unveiling, the team behind the effort is planning to tap as much as 20 megawatts to power their mining farm, using chips developed domestically. Bitcoin mining is an energy intensive process by which new transactions are added to the blockchain, creating new tokens – 12.5 BTC, or roughly $42,000 at current prices – as a reward for the miner.

Jeff Bezos on Thursday briefly topped Bill Gates as the world’s richest man following a spike in Amazon, according to data crunched by Forbes. But if Bill Browder’s numbers are correct, the massive fortunes of both tech giants combined still wouldn’t stack up to the real richest man in the world.

US-based Hermitage Capital Management Founder Bill Browder believes the Russian leader is the richest man in the world.

Relative to Bitcoin, Ethereum was an unknown cryptocurrency. Now, it’s reaching record highs after Russian President Vladimir Putin met with its founder. A new cryptocurrency called Ethereum reached another record high, driven by the potentials of the blockchain technology and supports from Russia, Singapore, and Japan.

Ethereum is now up over 5,000 percent since the beginning of this year. On Monday, its price hit $407.10, this was a record level which marked a more than 5,001 per cent rise in price since 1 January when ethereum was trading at $7.98.

Crude-oil futures on Monday posted their best close in more than a year as bullish comments from Russian President Vladimir Putin and Saudi Arabia’s energy minister set off a surge in prices amid a meeting of major oil producers in Istanbul to try to cement a cap on oil production.