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U.S. and U.K. authorities are checking cryptocurrency transactions for potential connections with Russia.
Treasury Department has sanctioned Russian providers of digital financial assets, saying many of the designated entities offered services that helped evade sanctions. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two…
Cryptocurrency exchange Binance is talking with several platforms about selling its Russian business and is looking for a new buyer to replace CommEX.
Binance’s buyer in Russia, CommEx, has declared a phased shutdown of its services without providing a reason for the decision. CommEx, a crypto exchange, which took over Binance’s Russian business following the latter’s departure from the country, has announced plans…
OFAC has sanctioned two Russians involved in a pro-Kremlin influence campaign, while Chainalysis found that at least one of them received funds from crypto exchange Garantex. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions…
A Guardian and International Consortium of Investigative Journalists investigation reveals a link between Copper and Jonatan Zimenkov, a Russian national sanctioned by the U.S. A recent investigation co-done by the International Consortium of Investigative Journalists (ICIJ) and the Guardian reveals…
Alexander Razuvaev, a notable Russian economist and member of the supervisory board of the Guild of Financial Analysts and Risk Managers, recently made predictions concerning the future of Bitcoin following the onset of a Russian CBDC. The economist argued that…
Moscow wants to establish an autonomous BRICS payment system, leveraging digital currencies and blockchain in an effort to decrease its dependency on the U.S. dollar. In an interview with the Russian state-owned news agency TASS on Feb. 5, Kremlin aide…
Cybersecurity researchers have identified a new phishing toolkit dubbed CryptoChameleon, which targets employees of Coinbase, Binance, Gemini, and Kraken. A phishing campaign employing a new toolkit dubbed CryptoChameleon has emerged, targeting Federal Communications Commission (FCC) employees as well as staff…
BitRiver, a Bitcoin mining company targeted by OFAC sanctions, is set to launch Russia’s largest data center for artificial intelligence (AI) in H2 2024. Bitriver-B, a subsidiary of BitRiver Group, is set to launch the largest data center for energy-intensive…
While Russia’s central bank maintains its stance against crypto as a payment method, recent signals suggest a reconsideration of its stance regarding crypto investments. The Bank of Russia remains steadfast in its position against cryptocurrencies as legal tender within the…
The Central Bank of Russia has disclosed that nearly half of the financial fraud schemes within the country in the previous year leveraged cryptocurrency and foreign currencies for payments. Notably, the central bank made this disclosure in a report detailing…
Web3 security company Blowfish recently detected a pair of sophisticated Solana (SOL) transaction drainers, aqua and vanish, capable of executing elusive bit-flip attacks.
Russia is betting big on crypto, aiming to legalize cross-border transactions in digital currencies by the second half of 2024. In a statement to the Russian newspaper Izvestia, Anatoly Aksakov, the head of the State Duma’s Financial Market Committee, supported…
A sanctioned Russian banker sold $19m worth of shares in Copper, a crypto custodian linked to ex-U.K. Chancellor Philip Hammond. As reported by The Guardian, Russian-sanctioned banker Mikhail Klyukin has sold over £15 million (around $19 million) worth of shares…
In its 12th sanctions package against Russia, the EU is doubling down on crypto limitations for Russians. According to a Q&A on Dec. 18, the European Commission has imposed a new ban on Russian nationals and residents, preventing them from…