Bitcoin Demand In Russia Continues To Grow Slowly
Russia is a fine example of how difficult it is to gauge the situation related to Bitcoin. Bitcoin and Russia remain at odds with one another. The country is not too keen on embracing foreign currencies in general, and cryptocurrency is certainly not on their Christmas card list. However, the local population is showing an increasing demand for Bitcoin as of late. Do keep in mind this all needs to be taken with a grain of salt, as trading volumes remain very small. Compared to the peak of Bitcoin trading volume in 2013, Russia continues to show an increasing appetite. In fact, a new record....
Related News
The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing Power Online retailers have registered a surging demand for mining machines, brand new and second hand, the Russian business daily Kommersant reported. Searches for devices designed to mine bitcoin (BTC), or ASICs, on the....
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills.
Supply Exceeds Demand on Russian Market for Mining Chips
Mining hardware is now more often offered than sought, Russian online marketplaces have noticed. The trend began after the Central Bank of Russia (CBR) published a consultation paper this month, in which the regulator proposed a blanket ban....
The head of Russia's largest bank is said to have praised virtual currencies, suggesting that the bank may even enter the market if demand continues. Online reports suggest that Sberbank CEO Herman Gref was bullish on virtual currencies during a discussion with journalists in Moscow this week. If there is demand for a virtual currency, the bank could move in that direction, he said. Gref is also said to have singled out Yandex Money as a first step in the direction of a virtual currency. While not itself classified as money, Yandex is an Internet payment system popular in Russia, and is....
It is time for Bitcoin exchanges serving the Indian market to up their game or lose out on the little quorum of existing customer base. India is forecasted to be one of the largest Bitcoin markets in terms of potential. The country is still waking up to the Bitcoin revolution with a small percentage of population already using Bitcoin for transactions, remittances and also trading. Given a large promise shining in the immediate future, it is high time the Bitcoin Companies in India get to work, with enthusiasm and intensity each morning. Bitcoin Exchanges in India, Homegrown and....
Current Lightning Network public channel capacity is at 3,539 bitcoin, and it continues to grow over 30% annualized.