• Alexander Zhuravlev, managing partner of the Efficient Business Resources (EBR) law firm, chairman of the commission for the legal support of the digital economy in the Moscow branch of the Russian bar association, and cofounder of the additional education program at the Russian organization of BCL, or Blockchain Lawyers (via Alexander Zhuravlev).
    Europe

    ‘If legislation does not exist, is everything permitted?’: An in-depth look at Russia’s long path to crypto legislation

    Russia has been struggling to pass comprehensive cryptocurrency reform for over two years. With the bill on crowdfunding finally set to go into effect in 2020, what’s going on with the arguably more crypto-related bill on digital financial assets?

    Russia’s path to cryptocurrency legislation been long and complex, but that’s nothing out of the ordinary for a country seems to do a lot of things the hard way.

  • volume manipulation
    Bitcoin,  Tether

    BitForex accused of using Tether, wash trades to manipulate CoinMarketCap data

    Never heard of BitForex? You’re not alone, but on Friday, they dominated Tether and Bitcoin trade volumes

    Another day, another Tether controversy—and a new exchange is being accused of inflating trade volumes in the process. On Friday afternoon Eastern Time, CoinMarketCap data showed that a tiny upstart exchange called BitForex was responsible for nearly $4.3 billion worth of tether transactions in 24 hours. That’s a shockingly high amount given that the average daily volume of tether has been $2.8 billion worth over the past 30 days. It also put BitForex in second place for bitcoin trading volume, more than eight times that of third place Binance. Such volume from a little exchange was very unusual and CoinMarketCap excluded BitForex’s data from its totals. BitForex is an outfit…