Russian | Digital Money Times

Third Largest Russian Oil Company Gazpromneft Partners With BitRiver To Mine Bitcoin

June 17, 2022 By Mark Lyford Leave a Comment

Gazpromneft, the third-largest oil producer in Russia, is partnering with Swiss-based bitcoin mining company BitRiver to mine bitcoin with excess resources.

Russia’s third-largest oil producer, Gazpromneft, is entering the bitcoin mining space.
Gazpromneft will be partnering with Swiss-based bitcoin mining firm BitRiver to deliver energy resources to new and remote oil field locations.
BitRiver was previously sanctioned by the U.S. for reportedly assisting Russian avoidance of sanctions.

The third largest oil producer in Russia, Gazpromneft, is partnering with Swiss-based bitcoin mining firm BitRiver to build out mining operations located at oil fields according to a memorandum from the St. Petersburg International Economic Forum. Read more...

This is a preview of Third Largest Russian Oil Company Gazpromneft Partners With BitRiver To Mine Bitcoin. Click Here To Read the full post

FaceApp Thrusts User Privacy into Spotlight amid Russian Ties

July 18, 2019 By Mark Lyford Leave a Comment

The “FaceApp” craze, in which users can use an application to see what they will look like when they are elderly, is experiencing a second wave of popularity. Yet privacy experts point out that FaceApp may just make it that much easier for your privacy to be invaded. Your Data Is Your Concern Nobody ever […]

The post FaceApp Thrusts User Privacy into Spotlight amid Russian Ties appeared first on CCN Markets

CCN Markets

Permanent link to this post (75 words, estimated 18 secs reading time)

Russian Hackers May Have Masterminded the $530 Million Coincheck Theft

June 18, 2019 By Mark Lyford Leave a Comment

By CCN Markets: Japanese crypto exchange Coincheck was dealt a significant blow in January 2018, losing $ 530 million worth of New Economy Movement (NEM) tokens to an unknown group of hackers. It is widely believed that North Korean hackers were behind the biggest crypto exchange theft ever. But Japanese newspaper Asahi Shimbun reports that Russian hackers were the ones who orchestrated the attack. Russian breadcrumbs in the Coincheck crypto exchange hack The Japanese newspaper says that the examination of a Coincheck employee’s personal computer revealed a malware associated with Russian hackers. The hack was a result of the crypto exchange’s Read more...

This is a preview of Russian Hackers May Have Masterminded the $530 Million Coincheck Theft. Click Here To Read the full post

Russian Gold-Backed Crypto Slams the Global US Dollar Standard

June 16, 2019 By Mark Lyford Leave a Comment

By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard. Russia’s State Duma member Vladimir Gutenev proposed the creation of this digital asset. He suggested the tying of the value to gold would alleviate issues found in cryptocurrencies, and that this offering would be likened to a stable coin. Breaking US Dollar bonds Russia has honed in on gold reserves Read more...

This is a preview of Russian Gold-Backed Crypto Slams the Global US Dollar Standard. Click Here To Read the full post

Russian Prosecutors Fail to Block Crypto Website

May 14, 2019 By Mark Lyford Leave a Comment

A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. An online portal helping traders find the best exchange options for their digital assets will be allowed to restore normal operations. That’s after prosecutors gave up their efforts to block the website citing upcoming Russian legislation meant to regulate Bitcoin.

Also read: Russia Prepares to Test Cryptocurrencies in Four of Its Regions Read more...

This is a preview of Russian Prosecutors Fail to Block Crypto Website. Click Here To Read the full post

Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?

April 2, 2019 By Mark Lyford Leave a Comment

As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to be the world’s primary currency, will it come to be just one of several reserve fiat currencies, or will cryptocurrency become the new instrument that powers the global economy?

Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments Read more...

This is a preview of Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?. Click Here To Read the full post

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

March 13, 2019 By Mark Lyford Leave a Comment

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.
CoinDesk

Permanent link to this post (22 words, estimated 5 secs reading time)

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

March 8, 2019 By Mark Lyford Leave a Comment

During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $ 51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela.

Also Read: Turkish Real Estate Agency Sells 9 Houses for BTC

Russia, Venezuela and United States Comprise Largest Markets on Localbitcoins

Approximately 3,593 BTC were traded for Russian rubles (RUB) on Localbitcoins this past week, making it the largest P2P market by trade volume. Russian Localbitcoins trade activity during the week of March 2 equated to 918 million RUB (approximately $ 13.81 million). Read more...

This is a preview of P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela. Click Here To Read the full post

Nordea Bank Faces Allegations of Laundering Russian Millions

March 4, 2019 By Mark Lyford Leave a Comment

Finnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in the Nordic region.

Also read: Startup Company Sets Up Bitcoin ATM in Botswana

YLE to Broadcast ‘Big Information Leak’ on Money Laundering

Nordic financial authorities indicated in October that they had received documents from Bill Browder’s Hermitage Capital Management alleging Nordea had breached anti-money laundering laws. Read more...

This is a preview of Nordea Bank Faces Allegations of Laundering Russian Millions. Click Here To Read the full post

Why a Russian Social Media Ban Would Hurt Twitter More Than Facebook

January 21, 2019 By Mark Lyford Leave a Comment

By CCN.com: Russia’s media watchdog, Roskomnadzor, plans to sue Facebook and Twitter for not complying with laws pertaining to the storage of Russian’s citizen’s data. There is speculation this could lead to Facebook and Twitter being banned in Russia. Such a ban might have a greater impact on Twitter than it would on Facebook. Russia

The post Why a Russian Social Media Ban Would Hurt Twitter More Than Facebook appeared first on CCN

CCN

Permanent link to this post (75 words, estimated 18 secs reading time)

Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry

December 30, 2018 By Mark Lyford Leave a Comment

The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created “legal lab” will also represent blockchain businesses in court.

Also read: German Startup Devises Eco-Friendly Energy-Efficient Miners

Legal Lab to Assist Crypto Companies in Russian Courts

Huobi, which is currently the third largest digital asset trading platform by daily volume, opened its office in Russia on Nov. 12. The branch provides 24-hour online support and has a Russian-language call center. The Huobi Russia online exchange officially launched on Dec. 6. Read more...

This is a preview of Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry. Click Here To Read the full post

Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

December 16, 2018 By Mark Lyford Leave a Comment

In the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions.

Also read: CEO of Romanian Exchange Coinflux Arrested on US Warrant

Legal Commission to Solve Problems Stemming From the Lack of Proper Rules

During a round table discussion on these issues, the Russian Lawyers Association and an educational organization called Blockchain Lawyers have agreed to establish a specialized commission that will address the legal challenges in the crypto industry. It will also work with companies in other related sectors such as blockchain development, artificial intelligence, quantum technologies and the internet of things. Read more...

This is a preview of Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws. Click Here To Read the full post

Russian Deputy PM: Crypto Downturn Justifies Caution in Enforcing Regulation

December 14, 2018 By Mark Lyford Leave a Comment

The Deputy Prime Minister of Russia, Maxim Akimov believes the current downturn in the market justifies caution in enforcing cryptocurrency regulation, Russian Finmarket reports. This statement comes after Mr. Akimov announced that the authors of Russia’s current daft cryptocurrency legislation to make amendments to the bill. The bills “On Digital Financial Assets”- which was adopted

The post Russian Deputy PM: Crypto Downturn Justifies Caution in Enforcing Regulation appeared first on CCN

CCN

Permanent link to this post (73 words, estimated 18 secs reading time)

Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister

November 30, 2018 By Mark Lyford Leave a Comment

Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to the media on Wednesday at Russia Calling, an investment forum organised by VTB Capital, Oreshkin said that despite the woes of the crypto market,

The post Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister appeared first on CCN

CCN

Permanent link to this post (72 words, estimated 17 secs reading time)

North Dakota Slaps Russian ICO Passing Off as Union Bank AG with Cease and Desist

November 26, 2018 By Mark Lyford Leave a Comment

The securities commissioner of North Dakota has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order. According to Karen Tyler, North Dakota’s securities commissioner, Union Bank Payment Coin promoted unregistered securities that were potentially fraudulent via an Initial Coin Offering (ICO). This came on the back of investigations done by North Dakota

The post North Dakota Slaps Russian ICO Passing Off as Union Bank AG with Cease and Desist appeared first on CCN

CCN

Permanent link to this post (78 words, estimated 19 secs reading time)

SEC Investigates Salt Lending’s ICO, Huobi Advises Russian Bank on DLT

November 21, 2018 By Mark Lyford Leave a Comment

In recent regulatory news, the U.S. Securities and Exchange Commission (SEC) has reportedly launched an investigation into Salt Lending’s 2017 initial coin offering. Separately, the SEC revealed that it has stopped accepting public comments on nine bitcoin exchange-traded funds that it rejected in August, and digital asset exchange Huobi has announced that it is providing cryptocurrency consulting services to a Russian state-owned bank.

Also Read: Indian Government Expects to Finalize Crypto Bill Next Month Read more...

This is a preview of SEC Investigates Salt Lending’s ICO, Huobi Advises Russian Bank on DLT. Click Here To Read the full post

Russian ICO That Impersonated Bank Hit With Cease-and-Desist

November 20, 2018 By Mark Lyford Leave a Comment

North Dakota has issued a cease-and-desist against a Russia-based ICO for copying a bank’s website to promote “potentially fraudulent securities.”
CoinDesk

Permanent link to this post (22 words, estimated 5 secs reading time)

Russian Developers to Help Iran Build Its Crypto-Economy

November 15, 2018 By Mark Lyford Leave a Comment

Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.

Also read: Vietnam at Crossroads on Cryptocurrency Regulations

Crypto Associations Sign Cooperation Agreement

The document has been signed by the Russian Association of Cryptoindustry and Blockchain (RACIB) and Iran Blockchain Labs (IBL), an innovation hub tasked with the implementation of digital technologies in the economy of the Islamic Republic. The research and advisory center has been established by the Sharif University of Technology and with the participation of the Central Bank of Iran. Read more...

This is a preview of Russian Developers to Help Iran Build Its Crypto-Economy. Click Here To Read the full post

‘WebCobra’: McAfee Spots Russian Malware Mining Monero and Zcash

November 14, 2018 By Mark Lyford Leave a Comment

Researchers at computer security firm McAfee Labs discovered a lethal new cryptojacking malware called “WebCobra,” which steals victims’ computing power to mine the cryptocurrencies Monero or Zcash secretly. The spike in cryptocurrency prices has inspired a new wave of cybercriminals, who use malware to cannibalize unsuspecting victims’ computers to mine crypto. Infections Spotted In Brazil, … Continued

The post ‘WebCobra’: McAfee Spots Russian Malware Mining Monero and Zcash appeared first on CCN

CCN

Permanent link to this post (74 words, estimated 18 secs reading time)

Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

October 30, 2018 By Mark Lyford Leave a Comment

Russia’s Financial Monitor Service (FMS) is seeking the intervention of a global financial watchdog to regulate cryptocurrencies, local media sources have reported. Russia Wants Global Crypto Regulations The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy

The post Russian Financial Watchdog Calls for Global Crypto Exchange Regulations appeared first on CCN

CCN