Management guru Sonnenfeld slams Facebook COO Sandberg, saying she 'probably should be replaced'

“Sandberg is completely dispensable,” and should “probably should be replaced,” Yale’s Sonnenfeld says. Facebook co-founder and CEO Mark Zuckerberg “should no longer be chairman,” he adds. Sonnenfeld’s criticism comes after Sandberg’s denial of a New York Times report that she ignored Russian activity on social network. Management guru Jeffrey Sonnenfeld on Friday called for a…

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Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…

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State Duma Chairman: Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws…

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Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

The Russian branch of digital asset exchange Huobi is scheduled to open on Nov. 12 with a Russian-language website and local support services. The global cryptocurrency company wants to support Russian startups and mining projects, in addition to launching an educational program. Also read: Abu Dhabi Securities Exchange to Create Infrastructure for Cryptocurrency Assets New…

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Russia Mulls Oil-Backed Cryptocurrency to Avoid Trade Restrictions

As Russia prepares to step down the use of U.S. dollars in its economy, domestic calls for an oil-backed cryptocurrency that could be shared with other major oil exporting countries are growing. Crypto Pegged to Oil Being Explored “Hypothetically, an oil-backed cryptocurrency would allow oil producing countries to avoid any financial and trade restrictions that…

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Cryptocurrency Used by Russian Hackers, US Department of Justice Claims

Bitcoin (BTC) and other digital coins were part of Russian intelligence agents’ efforts to hide their traces while attacking World Anti-Doping Agency and other entities, a US indictment has revealed. Kremlin-backed hackers working for Russia military intelligence (GRU) utilized cryptocurrency as part of their activities around the globe in an attempt to hide their links…

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Chechen Mining Pool Alvi Karimov, the press secretary for the head of Chechnya, confirmed to RBC news outlet…

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Russian Lobbying Group (RSPP) & Popular Billionaires Draft Alternative Crypto Regulations

The Russian Union of Industrialists and Entrepreneurs (RSPP) is purportedly working on a draft bill concerning the use of digital currency, as per a September 14 article on ForkLog, a Russian technology site. The revised bill is anticipated to go before Russian officials next month. From the article, the draft is formed as an alternative…

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Russian Industry Association Launching Crypto Certification Program

The Russian crypto industry association is launching a crypto certification program. Applicants will be evaluated and issued a certificate showing their competency level which can be verified on the association’s website. Training will be offered to those that do not score the required number of points. Crypto Certification Program The Russian Association of Cryptoindustry and…

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The First Use of Blockchain in Russia, Gazprom Neft Improves Aviation Refuelling

Russia has always taken financial technology cautiously and regarded it as a very unstable and volatile thing. However, Gazpromneft-Aero and S7 Airlines finally took a risk and implemented blockchain in their field. The new technology helps to improve processing time and efficiency during aviation refuelling. «The development and implementation of digital services like this is…

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Russia Seeks Tool to Track Crypto Transactions ⋆ ZyCrypto

BBC News Russia has reported the quest by the Russian Federal Financial Monitoring service to develop a toll for tracking of crypto transactions particularly Bitcoin transactions. According to the report, the new tool is expected to be incorporated in the organisation’s monitoring system by the end of 2018. The organization is supposedly out to tackle…

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Russian Financial Monitoring System Seeking Tool to Track Crypto Transactions

The Russian Federal Financial Monitoring Service has ordered an analytical tool to track crypto transactions, especially those in Bitcoin (BTC), BBC News Russia reported Wednesday, August 29. By the end of 2018, the new application will be included in a condensed monitoring system for the organization, whose main alleged aim is to confront fraud schemes…

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Russian State Pension Fund to Use Blockchain for Employment Contracts

The Russian state pension fund (PFR), the country’s largest social service, has recently suggested implementing blockchain technology in labor relations, local news outlet Izvestiya reports Wednesday, August 29, citing the organization’s press center. The fund plans to introduce smart contracts to be used as employment contracts between employers and employees. Such agreements could be made…

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If Telegram Share Their Encryption Keys, Their App Will Be Available In Russia Once Again

Telegram, the ICO led social messaging app is current banned in Russia, although according to reports, this ban could soon be overturned if the company agree to share their encryption keys with law enforcement authorities in Russia. This comes as the Federal Security Service (FSB) have decided that they need to access encrypted messages in…

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

Following the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy…

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The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks

Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform promises to bring Muslim crypto enthusiasts into…

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Developing an ICO Project in Russia Can Cost as Little as $1,500

The average cost to develop an ICO project in Russia is hovering around $18,000 USD but the price can go down to as little as $1,500, according to a study that explores the market for such services. The hourly rate for a blockchain developer is averaging a little over $44, the authors found after surveying…

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Thai Police Suspect Russian Expat for $22 Million Crypto Scam

Thai Police believe that a Russian expat living in Phuket is behind the online forex trading scam that was conducted through SiamOption.com. The scam managed to trick 1.4 million people into investing 730 million baht ($22 million), the local currency in Thailand. According to a report from The Phuket News, a weekly English language newspaper,…

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Leading Bitcoin (non)Expert on Mining | ForkU Comedy

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Russia Swiftly Warming up to Blockchain and Cryptocurrencies | BTCMANAGER

While distributed ledger technology (DLT) is still very much in its nascent stages globally, the undeniable fact remains that some nations have quickly embraced the groundbreaking technology with open arms, formulating practical use cases for the blockchain, with states like Russia still sitting on the fence. However, it appears the former Soviet Union is gearing up…

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