Binance to terminate Russian ruble deposits next week
Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.Binance will stop accepting deposits in Russian rubles (RUB) starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users ...
Russian telecoms giant MTS announces ads service targeting Telegram users
Russia’s largest telecommunications firm MTS claims that it will launch an advertising service targeting Russian Telegram users, while the social messaging application denies that it has any agreements in place.The company made the announcement on Oct. 17, outlining the launch of advertisi ...
Top Binance execs in Russia leave as firm considers exiting the market
Gleb Kostarev, Binance's head of Eastern Europe and Russia, took to Facebook on Sept. 6 to announce its departure from Binance.In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance, adding:“I am stepping down a ...
CBDCs will gradually displace private banks, says Russian lawmaker
Central bank digital currencies (CBDC) and blockchain technology are likely to displace traditional banks, according to a lawmaker in Russia.Anatoly Aksakov, head of Russia’s parliamentary financial committee and a major skeptic of Bitcoin (BTC), has predicted that the traditional banking ...
Binance excludes Banco de Venezuela from P2P payments
The world's largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to fall in line with international financial sanctions. ...
Doubts Cast on BRICS Common Currency Proposal by Macroeconomist
Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...
Putin signs law on introduction of digital ruble in Russia
Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, according to an official government document.With this approval, the digital ruble law is officially scheduled to take effect from Aug. ...
Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic
Illicit funds gained from the $35 million Atomic Wallet hack are on the move again, with sanctioned Russian-based crypto exchange Garantex reportedly becoming the latest to come in contact with the hacked crypto. On June 13, blockchain security and compliance firm Elliptic updated the ...
US Department of Justice Investigates Binance Over Possible Sanctions Violations
Regulator investigates possible sanctions violation by Russia The DOJ will check whether Russians gained illegal access to the exchange The United States Department of Justice has launched an investigation against the cryptocurrency exchange Binance. The agenc ...
Binance Returns to Russia, Memcoins Flourish, and LUNA Declared Not a Security
GM! Binance returns to Russia, memcoins flourish on the market, and LUNA is not recognized as a security, Binance bursts into a liquid stacking with a native token, KuCoin users had $22 thousand stolen. phishing, and 4 billion Trust Wallet wallets at risk. We're also in the midst of a memcoin tre ...
Kursk Police on the Hunt for Cryptocurrency Fraudsters After Local Resident is Defrauded of 1.2 Million Rubles
The Kursk regional police are currently on the hunt for individuals who scammed a local resident out of 1,290,000 rubles by posing as cryptocurrency investors. The victim, a 43-year-old man, fell prey to a standard fraud scheme when he responded to an online advertisement promising huge profits t ...
Experts report significant rise in price for mining equipment in Q1 2023
According to a report by Kommersant, mining equipment has significantly increased in price during the first quarter of this year. The final price, however, could be subject to variables like the dollar exchange rate and the amount of equipment being purchased. The hike in the cost of mining eq ...
Jeffrey Sachs Predicts State Cryptocurrencies Will Replace the US Dollar in Payment Sphere
According to Jeffrey Sachs, a renowned economics professor and the director of the Columbia University Center for Sustainability, state-backed digital currencies will eventually replace the US dollar in the payment sphere. Sachs emphasized that up to 60% of foreign trade settlements are presently ...
Finector P2P Marketplace Launches with Over 100 Payment Methods
The launch of the international P2P marketplace Finector will take place on April 1. The service supports more than 100 payment methods and protection of each transaction. According to Chainalysis, at the end of last year, Russia was in the top 10 countries in terms of P2 ...
US Department of Justice Charges Four Russians for Operating a $340 Million Pyramid Scheme
The Forsage investment platform, founded by four Russians, has been charged by the US Department of Justice for operating a pyramid scheme that has allegedly defrauded investors of $340 million. The accused individuals include Vladimir Okhotnikov, who used the pseudonym Lado, Olena Oblamskaya (al ...
Bitcoin as a Tool to Restore Democracy and Fight Corruption
According to Alex Gladstein, the director of strategic development at the Human Rights Foundation, Bitcoin's decentralized nature makes it a powerful tool in the fight against corruption. In a recent interview, he explained that Bitcoin has the potential to limit the power of states with "collapsed ...