Russia

Russia busts card fraud ring that included an infamous hacker

Sponsored Links Russia tends to turn a blind eye to some fraudsters and hackers, but it just clamped down on a particularly large group. Investigators have charged at least 25 people involved in a credit card fraud ring that included a notorious hacker. While Russian authorities didn’t provide a formal list of those caught in …

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Russian Police Take Down an Illegal Bitcoin Mining Farm

Russian police have caught bitcoin miners who were stealing $200,000 worth of electricity each month in their efforts to mine cryptocurrency. According to a statement released by the Russian Interior Ministry, a Saint Petersburg suspect has been arrested, along with nine alleged accomplices. The criminals managed to install sophisticated infrastructure that connects mining equipment to …

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Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

</header> <strong>In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia.</strong> Also read: Bitcoin Legal in India — Exchanges Resume …

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Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners

The global market meltdown has indirectly benefited Russia’s bitcoin miners, even as the cryptocurrency’s price tumbled along with other assets. That’s because the Russian national currency has rapidly lost value, dropping from 60 rubles to the dollar to 80 in two weeks. In addition to the coronavirus pandemic weighing on all markets, the ruble has …

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Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

</header> <strong>Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What does “digital gold” have …

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Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout

</header> <strong>Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal Reserve to slash …

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Russia Seeks to Block ‘Darknet’ Technologies, Including Telegram’s Blockchain

A Russian government agency has requested contractor bids to find ways to block censorship-resistant internet technologies, like mesh networks. The list includes messaging app company Telegram’s yet-to-be-launched blockchain.  The call for bids was published on March 3 by the General Radio Frequency Center, the agency controlling the use of radio frequencies in Russia, and first …

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What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status

Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets. “I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures. While bitcoin prices dropped nearly 10 percent over the weekend, …

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6 Crypto Websites Blocked by Russia’s Media Watchdog, Including News Outlet

</header> <strong>In what seems to be another episode in a long-running campaign, the Russian telecom regulator has</strong><strong> restricted access to at least six websites posting content related to cryptocurrencies. </strong><strong>Тhe forum section of Bits.media, a leading crypto news outlet</strong><strong>, is among the internet pages that have been blacklisted this month. </strong> Also read: Russians Can …

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Russian Oligarch, Ex-Cabinet Minister Invested in Telegram’s ICO, Court Filing Says

A Russian oligarch, a former cabinet minister and the COO of German fintech company Wirecard invested in Telegram’s $1.7 billion initial coin offering (ICO), according to a previously unreported court document. Tycoon Roman Abramovich and former Minister of Open Government Affairs Mikhail Abyzov bought tokens, known as grams, via offshore funds, the document says. These …

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