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Russian Civic Chamber Member Floats Idea for Crypto Bank
Crypto Trends

Russian Civic Chamber Member Floats Idea for Crypto Bank

by admin September 11, 2025



Russia needs its own crypto-enabled bank that could help combat illicit transactions and support miners by providing infrastructure for them to cash out their earnings, a member of the country’s government oversight body says.

Evgeny Masharov, a member of the Russian Civic Chamber, which examines draft laws, told the state-owned news agency TASS on Tuesday that Russia should follow its ally Belarus in launching a crypto exchange service through a major financial institution.

Masharov said the move would “solve a number of current problems,” such as bringing “shadow transactions” into the legal field while also “replenishing the federal budget’s income,” and blocking one of the “channels for financing and recruiting our citizens to commit serious crimes.”

Russia banned payments via crypto in early 2022, but it has become open to the sector as it looks to trade internationally and skirt the sanctions it faces for its invasion of Ukraine. 

It has so far allowed financial institutions to offer crypto-based products to accredited investors in May and floated plans for a Ruble-pegged stablecoin in April.

Evgeny Masharov, a member of the Russian Civic Chamber, has proposed that the country create a crypto bank. Source: Oprf.ru

Crypto bank could help miners too

Masharov argued that a crypto bank could aid the country’s crypto mining industry, as there is currently no infrastructure for them to sell the crypto they’ve mined.

Russia banned mining in 10 out of 46 Russian regions for six years on Jan. 1 and approved seasonal restrictions in key mining regions to help combat rising energy demands.

However, Vyacheslav Kopylov, a representative of local crypto mining firm Prostomining, told Cointelegraph in June that despite the restrictions, the industry continues to thrive and Russia’s Blockchain Forum has increasingly featured businesses involved in crypto mining.

A way to combat fraud 

Masharov said a crypto bank could help combat fraud as it would be a regulated institution overseeing all transactions.

Related: Russia civic chamber proposes dedicated fund for confiscated crypto assets

“In this case, settlements in the said bank must be made in cryptocurrencies, and funds must be credited only through the current accounts of Russian citizens,” he said.  

“At present, the main business of crypto exchangers is that cash is credited to the wallet of citizens and a commission is charged for this,” Masharov added.

In March, Masharov proposed creating a government crypto fund that would include assets confiscated from criminal proceedings.

Russian crypto industry revenue projected to hit $3.9 billion

The crypto industry in Russia has faced challenges due to the uncertain regulatory environment, but it’s still growing.

Total revenue for the Russian crypto market is projected to reach $2.3 billion in 2025 and is expected to rise to $3.9 billion by 2026.

The number of crypto users in the country is expected to reach more than 44 million by the end of 2026, out of a total population of 143 million.

Magazine: Astrology could make you a better crypto trader: It has been foretold



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September 11, 2025 0 comments
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Bank of Japan Governor Kazuo Ueda (Tomohiro Ohsumi/Getty Images)
Crypto Trends

Rich Bitcoiners Seem to be Spending BTC on Luxury Holidays. Is This Really a Good Idea?

by admin August 31, 2025



Bitcoin’s latest rally is spilling over into the luxury holiday market.

The Financial Times (FT) reported earlier today that private jet firms, cruise lines and boutique hotels are increasingly accepting crypto payments.

Flexjet-owned FXAIR, for instance, now takes tokens for transatlantic trips costing about $80,000, while cruise operator Virgin Voyages sells annual passes worth $120,000.

SeaDream Yacht Club and boutique hotel groups including The Kessler Collection have also added crypto checkout options, according to the FT.

High-end travel is a natural niche for crypto spending. On six-figure invoices, fees and volatility matter less, and merchants can instantly convert payments into fiat.

For customers, paying in bitcoin carries status value, echoing earlier bull-market splurges on Lamborghinis and watches. This time, the indulgence is time-saving private jets and one-of-a-kind cruises.

Still, whether it makes financial sense is another matter. Bitcoin’s most famous cautionary tale comes from 2010, when Florida programmer Laszlo Hanyecz spent 10,000 BTC on two pizzas, a purchase now worth over $1 billion in hindsight. Today’s jet bookings could invite the same regret if bitcoin keeps climbing.

Yet others see logic in cashing in.

With bitcoin recently hitting a record $124,128 on Aug. 14, some wealthy holders may view the present rally as a window to lock in gains before macro shocks send prices lower.

Inflationary pressures tied to the new U.S. import tariffs, along with wider economic uncertainty, could easily knock BTC back below $100,000, turning today’s holiday splurges into a rational hedge.

There are also tax complications.

The U.S. Internal Revenue Service (IRS), for instance, treats crypto as property, meaning that spending BTC counts as a taxable disposal and can trigger capital-gains liabilities. The U.K.’s HMRC applies the same principle, taxing disposals when coins are sold, swapped or spent.

The bigger backdrop, according to McKinsey data cited by the FT, is that younger affluent travelers are driving a luxury travel boom projected to nearly double spending between 2023 and 2028. For that generation, crypto is not just an investment vehicle but also a way to pay for experiences that promise freedom and exclusivity.

Bottom line: Crypto hasn’t taken over coffee shops, but at the top end of the market it is showing up. Whether that’s smart wealth management or another billion-dollar pizza mistake depends on how long this bull cycle lasts.



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August 31, 2025 0 comments
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When to Buy Bitcoin? Biggest Skeptic Offers Brutal Idea
GameFi Guides

When to Buy Bitcoin? Biggest Skeptic Offers Brutal Idea

by admin August 25, 2025


Michael Saylor’s Bitcoin strategy made headlines again after a software producer revealed that it bought 3,081 BTC for around $357 million at an average price of $115,829. The company now has 632,457 BTC, worth over $71 billion, with an average entry of $73,527. 

Based on the numbers, Strategy is still up more than 52% despite the recent market ups and downs.

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Before the announcement, Saylor had said that Bitcoin was on sale, but it is all fun until Peter Schiff steps into the Bitcoin debate. 

Buy Bitcoin? It may be a good idea, but according to Schiff the real opportunity will not come until companies like Strategy go bust. For him, the only interesting entry point would be when companies that are heavily invested in Bitcoin have to sell a lot of their holdings, which would be like a fire sale.

Says the man who leveraged up to go all-in on Bitcoin. if you really want to buy Bitcoin, wait until the Strategy going out of business sale.

— Peter Schiff (@PeterSchiff) August 24, 2025

That critique is in line with a growing concern about how companies are handling their “Bitcoin treasuries.”

Risks of Bitcoin treasury companies

The model often involves issuing stock at premiums, channeling the proceeds into Bitcoin, and watching valuations rise in a feedback loop. It works while the premium is good, but once it fades, capital inflows stop and the setup starts to look like a margin trade with no room for error.

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For now, Strategy is still the big name in this field. The company’s market cap is currently at $99 billion, with an enterprise value of almost $113 billion, and its Bitcoin holdings account for nearly three-quarters of that total. 

Even so, Schiff’s point is still hanging in there: that the best time to buy Bitcoin might not be when Saylor talks about but when the system that supports corporate treasuries built on BTC finally breaks down.





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August 25, 2025 0 comments
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Pragmata's blend of shooting and hacking is the most stressful new idea I've seen in a shooter in generations, and it's brilliant
Game Reviews

Pragmata’s blend of shooting and hacking is the most stressful new idea I’ve seen in a shooter in generations, and it’s brilliant

by admin August 21, 2025


We’ve said it before, here, already: Pragmata represents Capcom at its weird, experimental best. To me, it’s in line with Exoprimal and Kunitsu-Gami: Path of the Goddess as a game that shows the publisher is confident to let its studios run with any ideas they have. Whilst those two may not have been commercial (or in Exoprimal’s case, critical) successes, I think Pragmata has a bigger shot at penetrating through the mainstream thanks to three key things: it’s a shooter, its main character is more of an everydad – his name is Hugh Williams, for goodness sake – and it has one of the most exciting genre hybrids I’ve seen in a while.

Pragmata

  • Developer: Capcom
  • Publisher: Capcom
  • Platform: Played on PS5 Pro
  • Availability: Out 2026 on PC (Steam) and PS5

In a recent demo at Capcom’s offices ahead of Gamescom, the publisher let me loose on a new demo of the game: a slightly beefier version of the Summer Games Fest demo Alex wrote about in the preview above. The main difference took the form of a boss fight against a mechanised walker that stomped all over an arena that’s also an elevator (standard) that put me in mind of Lost Planet, Vanquish, and I guess… Watch Dogs?

Like I said, it’s a really peculiar grab bag of genres glued together with what seems like a plot that would have to have more structure to be paper thin. But that doesn’t matter. I don’t think people are going to be picking this one up expecting a Hugo-winning tale of redemption and loss, to be honest. What you get with Pragmata, instead, is a very video game-y video game. Strafing around shooting a boss that looks like something from Metal Gear’s cutting room floor whilst a young girl that’s also an android hacks into its systems is peak video game. For me, this is a good thing.


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Everything about the demo is peak video game. Hugh wanders around gruffly, muttering about whatever as he solves simple environmental puzzles, exchanging a little bit of mumbly dialogue with Diana (the android). Every now and then, the GLaDOS-like security system wakes up some robot goons that you need to kill, and you push on. The mob enemies all have shields, so Diana needs to hack them before you shoot them. It’s pretty, with this nice clean space station sci-fi aesthetic, and a great little training ground for you to figure out the third-person shooting/hacking dichotomy before the boss.

So, enter the boss. It’s here the twin strands of Pragmata’s DNA form into a beautiful helix that shows off what the game is going for. As the walker slams about the platform and you dodge out of the way of missiles and AoE splashes on the floor, you need to use one of your three guns (it looks like there’ll be four in the final game) to inflict damage. There’s a pistol with a relatively low damage output and slow reload time that makes up for its shortcomings by having infinite ammo, a shotgun that has ridiculous damage-per-second but can only hold six shells at once, and a fun little stasis net that slows down your prey and does a little damage over time.

Diana and Hugh fend off a bad robot. | Image credit: Capcom

It’s a nice trio of arms. Swapping between them to maximise damage whilst minimising threat to yourself is the aim of the game, here, and it all ends up feeling a bit like a combat puzzle you solve on the fly as you strafe around the room. It’s not exactly Halo, but that’s where the Lost Planet reference earlier came from. Bosses like the walker have weak points (identified by Diana as you aim down sights), and in the case of this mechanical lump, it was a fuel tank on it’s back.

Once you’ve got the lay of the land, and you’ve identified where to ‘spend’ your limited shotgun shells, you pop out a stasis net, circle around the back, and get to work. I let out a horrible little laugh as everything came together in my preview – after slowing it down with the net, I unloaded a full clip of shotty shells into the tank whilst I used Diana to hack to the machine, immobilising it and spending some of her resources in order to lower its defence. The way it all mingles together under your fingers feels natural, like I’ve done this before. But, of course, I haven’t. Because this whole concept is completely batshit.

You shoot and aim with your standard trigger setup, then use the face buttons to solve a very easy puzzle and hack an enemy mid-fight (there’s the Watch Dogs nod). You can also jump and dodge, using the shoulder buttons, making your fingers hop across the whole pad in a glitchy, frantic little dance. It’s overwhelming, but in a flustering way that scratches the same part of my brain Vanquish did back in 2010. And once you’re au fait with the scheme, that desperate dance you do with hacking and shooting feels surprisingly natural.

Probably not a paranoid android. | Image credit: Capcom

Watching my footage back, I really don’t think what you see on screen does justice to Pragmata; it’s very much the sort of game that you need to feel in your hands in order to understand. I pray Capcom releases a demo (for its own sake), because the elevator pitch may be a little too obscure for some. It represents Capcom’s confidence, though, and hooks onto the same philosophy that Dead Rising did back in 2006: take a well-established genre, take it apart, and put it back together in a wholly new way.

There are still some anachronistic game design decisions in Pragmata (most of the story is told to you via text logs left scattered around the deserted moon base or projected holograms, very is still very 2006), but mixed in with these new ideas and genuinely fascinating combinations of genres. Pragmata is intriguing. I think games like this represent Capcom at its best: experimental, weird, and willing to break away from the triple-A pack in order to do something left-of-centre, a bit bizarre, a bit proggy. And ultimately, to arrive at something that’s all the better for it.



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August 21, 2025 0 comments
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Photo: Jaime Rogozinski
Product Reviews

Another Crypto IPO Hits the Market and Most People Still Have No Idea What Crypto Is

by admin August 19, 2025


Blockchain-based lender Figure Technology Solutions has officially filed for an initial public offering, marking another move by crypto-related firms seeking a slice of the trillion-dollar machine of public markets.

Both crypto bros and the banks that love them are already celebrating the move to go public, which they say marks a significant milestone in the evolving intersection of cryptocurrencies, blockchain technology, and mainstream finance.

Analysts posit that this signals a broader shift in how people previously unfamiliar with crypto are getting more comfortable investing in it.

“Crypto is becoming one of the big pillars of the IPO market,” IPOX CEO Josef Schuster told Reuters, referring to companies going public through blank-check mergers.

That thus far has gone against all logic provided by recent polls, which have shown at least 60% of people asked, and sometimes as many as 90%, have absolutely no idea what crypto is or how it works but would definitely not put their own money in it.

“It just seems questionable,” one respondent to this National Cryptocurrency Association poll said in July 2025.

Figure CEO Mike Cagney nodded to this proof-of-concept or no dice investor attitude in a 2021 interview.

“When we started back in 2018, I think our hope was that we could just be a blockchain-technology company and not have to build another lending business and a payments business and everything else,” Cagney said. “What became very clear to us early on is that the world wasn’t ready to lean into blockchain the way that we were, so we created these operating businesses.”

Why does it matter for crypto?

This IPO, however, may show a slight softening of that for crypto companies that actually appear to, or can prove, that they do something tangible.

Figure’s focus on practical applications—such as offering crypto-backed loans and using blockchain for transparent, faster underwriting —shows a little bit more transparently how blockchain can be integrated into core financial services.

Its website shows it uses Alphabet Inc.’s Google Gemini chatbot and tech from OpenAI Inc. to sift through loan applications.

This approach is reminiscent of how banks and fintech firms like SoFi and Robinhood (which went public in 2021 and 2019, respectively) are leveraging technology to reinvent traditional banking (Robinhood IPO).

The company’s use of artificial intelligence alongside its blockchain platform further underscores the increasing convergence of innovative technologies in finance, akin to PayPal’s recent investments in AI-driven payment solutions.

Unlike earlier crypto firms mired in regulatory controversies, Figure’s massive 22% jump in second half of the year results and its backing by prominent institutional investors like Apollo Global Management and Ribbit Capital may also lend credibility to blockchain’s role in mainstream finance.

This trend echoes similar moves by companies such as Coinbase, which raked in an eye-watering $85 billion valuation when it went public in 2021—which simultaneously backed crypto as a legitimate asset and made it more confusing, depending on who you asked.

What the hell is Figure anyway?

Co-founded by Cagney, who previously helped launch another major blockchain booster and fintech SoFi Technologies, Figure helps create loans.

The company says that thus far it has shelled out $16 billion in loans, including home equity lines of credit, crypto-backed loans, and digital asset exchanges, all of which bring the blockchain into consumer finance.

Shares are expected to trade on Nasdaq under the ticker symbol FIGR.

The New York City-based company, founded in 2018, is likely hoping to get a bite of the current landscape, where digital assets and blockchain technology are increasingly intersecting with mainstream finance.

That is still a controversial move.

According to its recent SEC filing, Figure posted a net income of $29.1 million on revenues of $43.8 million for the first half of 2025, a notable turnaround from a net loss of $15.6 million on $12.5 million in revenue during the same period a year earlier.

The company first announced its intention to go public earlier this month through a confidential filing. Prior funding rounds, including a 2021 venture-backed raise, valued the company at $3.2 billion.



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August 19, 2025 0 comments
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