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"I’m of the opinion that as long as the demand for cryptocurrencies is linked to a large extent with the bypass of regulations, it is clear that the regulator cannot afford to issue a cryptoruble, which will allow to bypass regulations."
At the Gaidar Forum this week it was revealed that the planned national cryptocurrency of Russia, the cryptoruble has been delayed for an indefinite amount of time.
Sergey Shvetsov, the first deputy governor of the Bank of Russia has stated his belief that the cryptoruble would be used to bypass regulations and would in turn be an issue of extreme importance for the Bank of Russia.
A supporter of the cryptoruble is Deputy Finance Minister Alexei Moiseev who explained the effectiveness of the coin in cross-border payments with trading partners which would not require the use of foreign currencies.
The Russian Association of Blockchain and Cryptocurrency (RACIB) estimate a release date in mid-2019 after documentation and drafting.
“Broad coverage” of: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Ripple (XRP), and Bitcoin Cash (BCH).
Intercontinental Exchange, Inc. (ICE) owner of the New York Stock Exchange have announced a new cryptocurrency feed set to initially monitor six major cryptocurrencies.
The global feed is scheduled to be active by 2018's first quarter and is said to "give access to streaming in real-time, end of day and historical data for the most actively traded digital currencies."
It is unclear how this new feed will fair against competition however ICE strives for "low latency, quality information" from more than 15 cryptocurrency exchange venues globally and 600,000+ updates per day across all digital pairs."
The supported cryptocurrencies will be measured against the U.S. Dollar as well as all other major currencies across more than 15 different exchanges.
Local firm Bcause, LLC near completion of $65m USD mining facility in Virginia Beach, VA despite original alternate plans.
Due to business property taxes being cut late 2017 in Virginia Beach to allow for the city to become a "hub for business centres" (Warren Harris, Director of Economic Development), local mining company Bcause, LLC has chosen this area for their new $65m facility, despite the location's less desirable summer weather for operations.
Bcause was founded 5 years ago by Tom Flake who explains that the centre's 84,000 square feet will make it one of, if not the largest, mining and data facility in North America.
The facility is set to hire 100 employees with an average salary of $60k, whereas many cryptocurrency companies are currently struggling with an abundance of applications.