Dash Offshoot SibCoin Aims To “Open Gate” For Chinese Traders, Unite Russian Community

Dash Offshoot SibCoin Aims To “Open Gate” For Chinese Traders, Unite Russian Community

A Russian Dash fork is aiming to gain popularity in the Chinese market and “become the driving force behind the consolidation of (sic) Russian Blockchain community.” SibCoin, which describes itself as “employing additional encryption algorithms” to Dash, ostensibly to build on security, announced the China move in a press release on Tuesday. A Chinese language implementation on its website “opens the gate for China’s crypto-enthusiasts and professional traders alike,” the release claims. “SibСoin was created in 2015 as a ‘people’s patriotic project’ initially focused on the....

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Russian Finance Ministry Proposes a 4-Yr Prison Sentence for Bitcoin Users

The Russian Ministry of Finance is taking a hard stance against Russian adopters of bitcoin and cryptocurrencies, with a proposal that -while not yet legal or enforced-aims to punish users engaging in Bitcoin trading with a prison sentence of up to 4 years. While most governing bodies around the world looks to adopt bitcoin or block chain technology or look for ways to regulate the cryptocurrency, Russia is unrelenting in its stance toward what it sees as the "trafficking" of Bitcoin. The Russian Ministry of Finance that had previously supported fines of up to 500,000 rubles or a 2-year....


Bitcoin is mostly about anonymous transactions, and I don't think over time that's a good way to go. I'm a huge believe in digital currency... but doing it on an anonymous basis I think that leads to some abuses, so I'm not involved in Bitcoin.

Bill Gates, founder of Microsoft