15 / 18 Relevant items tagged with #Russia
Posts: 513
Posts
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
[Feb 13, 2023 7:30 PM] Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators…
Bitcoin Saved Me From A Russian Missile Strike
[Feb 13, 2023 7:31 AM] As a permissionless store of value, bitcoin allowed me to escape the dangers of Russia’s invasion of Ukraine. And it can help you, too.For me, being a Bitcoiner means believing in the free market and voluntary exchange. Bitcoin allows all exchange…
Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning
[Feb 12, 2023 1:00 PM] Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against…
State-backed Crypto Mining Farm under Construction in Russia’s Buryatia
[Feb 10, 2023 11:30 PM] A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of…
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
[Feb 10, 2023 6:30 AM] A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in…
Bitzlato co-founder released from brief arrest and questioning: Report
[Feb 10, 2023 2:18 AM] The co-founder of cryptocurrency exchange Bitzlato was briefly detained for questioning in Moscow at the request of Interpol, after which he was released.
Digital Gold Traded for Digital Rubles by Russia’s Rosbank
[Feb 9, 2023 6:30 AM] Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets…
Russian government subsidizes crypto mining facility in Siberia
[Feb 9, 2023 4:11 AM] The facility, which opens this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid.
Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report
[Feb 9, 2023 3:30 AM] Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may…
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
[Feb 8, 2023 6:00 AM] Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency.
Russia’s Largest Private Bank Launches Digital Asset Platform
[Feb 5, 2023 3:00 PM] Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this…
Russia Expands Its Crypto Mining Capacity, Report Reveals
[Feb 4, 2023 5:00 PM] The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from…
Russia’s Sberbank plans to launch DeFi platform on Ethereum
[Feb 3, 2023 8:23 AM] DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
[Feb 3, 2023 2:00 AM] Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be…
Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows
[Feb 2, 2023 6:30 AM] Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the…
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
[Feb 1, 2023 2:15 PM] The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions
[Jan 31, 2023 12:30 AM] Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity…
Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
[Jan 30, 2023 6:00 AM] Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation.
Ban on Crypto Mining in Residential Areas Proposed in Russia
[Jan 28, 2023 3:30 AM] Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on…
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
[Jan 26, 2023 5:30 PM] Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest…
Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims
[Jan 25, 2023 9:30 PM] Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s…
After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin
[Jan 24, 2023 7:00 AM] With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update…
Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23
[Jan 23, 2023 5:29 AM] Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.
Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges
[Jan 22, 2023 4:30 AM] The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a…
Darknet Market Solaris Hacked by Competitor, Elliptic Reveals
[Jan 22, 2023 12:30 AM] A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a…
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos
[Jan 19, 2023 6:30 AM] Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the…
FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato
[Jan 19, 2023 3:27 AM] FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato.