Category: Cryptocurrencies

Investment Fund Focused on Crypto Mining to Be Created in Russia

March 3, 2023 Caden

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set…

Bank of Russia, Crypto, crypto mining, Cryptocurrencies, Cryptocurrency, equipment, establishment, fund, Hardware, investment, investment fund, Mining, mutual fund, Regulations, rules, Russia, russian

Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

February 23, 2023 Caden

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian…

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Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning

February 12, 2023 Caden

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 him that became the reason for his brief detention. Shkurenko Says Potential Case Against Him in Russia Won’t Interfere With…

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Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps

January 12, 2023January 27, 2023 Caden

The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial Supervisory Authority of…

accounts, android, applications, Apps, Attacks, banking apps, Crypto, crypto apps, Cryptocurrencies, Cryptocurrency, german, Germany, Godfather, Hacks, Malware, mobile apps, regulator, Security, Trojan, Wallets, watchdog

UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective

January 12, 2023January 27, 2023 Caden

The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a…

CBDC, Crypto, crypto regulations, Cryptocurrencies, Cryptocurrency, Digital Currency, digital pound, Finance, Government, minister, Regulations, rules, secretary, Stablecoins, Treasury, U.K., uk

Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

January 7, 2023January 27, 2023 Caden

Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs…

bitcoin farms, Crypto, crypto farms, Cryptocurrencies, Cryptocurrency, FEE, Fees, Kazakhstan, Miners, Mining, mining companies, mining farms, rates, tariff, Tax, Taxes

Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

December 19, 2022January 27, 2023 Caden

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative…

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Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

December 12, 2022January 27, 2023 Caden

Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer new users. U.S. Leads by Number of CEX…

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New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

October 29, 2022January 27, 2023 Caden

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian…

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War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports

October 15, 2022January 27, 2023 Caden

The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in the global crypto ecosystem. Russians…

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