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Crypto gamblers on Polymarket, the prediction market platform, have staked over $627,000 on the speculation that Ukrainian President Volodymyr Zelenskyy will step down before July. At the time of publication, Polymarket participants estimated a 19% probability of Zelenskyy’s premature exit.…
News
Russia is delaying the mass rollout of its digital ruble to ensure the pilot runs smoothly and banks align on a viable economic model. Russia‘s central bank, the Bank of Russia, has decided to delay the mass rollout of its…
Follow-up
The European Union has targeted Russia’s largest sanctioned crypto exchange, though analysts note it has operated successfully under sanctions for years. On Monday, Feb. 24, the European Council introduced the 16th sanctions package, adding Russian cryptocurrency exchange Garantex to the…
News
The European Union has rolled out a new round of sanctions, adding crypto exchange Garantex, which was already blacklisted by the U.S. Treasury’s OFAC. The European Union has added Russian crypto exchange Garantex to its sanctions list as part of…
News
Bankrupt cryptocurrency exchange FTX appears to owe a significant sum of money to creditors in more than twenty countries, including Ukraine. Crypto investors from more than 20 customers, including Ukraine, China, and Russia, are not eligible for FTX distributions, Sunil…
News
By early 2025, Russia’s Bitcoin mining capacity had topped 11 GW, but only around 3 GW was reportedly used by legal miners. Bitcoin (BTC) mining sector in Russia grew in 2024 as the number of mining farms rose 7% to…
BTC
Bitcoin
News
Russian no-KYC crypto trading platforms keep reappearing despite crackdowns, often as rebranded versions of shut-down platforms. New Russian-language no-KYC crypto exchanges keep emerging to replace those shut down, despite repeated crackdowns, according to blockchain forensic firm Chainalysis. While more platforms…
BTC
Bitcoin
News
Russian power grid operator Rosseti reported losses of over 1.3 billion rubles in 2024 due to illegal crypto mining operations that siphoned electricity through unauthorized connections. The Russian power grid company Rosseti reported losses exceeding 1.3 billion rubles in 2024…
BTC
Bitcoin
News
A report shared with crypto.news shows that major crypto exchanges received around $80 million in Tether’s stablecoin from Hamas-linked exchange. Four major cryptocurrency exchanges, including Binance and Gate.io, collectively received $78 million in Tether (USDT) through “indirect transactions” linked to…
USDT
Tether
News
The United States has agreed to release Russian national Alexander Vinnik, a suspected cybercrime figure, as part of a prisoner exchange that secured the freedom of American teacher Marc Fogel. Vinnik, 44, operated BTC-e, once one of the world’s largest…
News
Three countries have sanctioned the Russia-based hosting service Zservers for offering services to the notorious cryptocurrency ransomware gang LockBit. A Feb. 11 press release from the U.S. Treasury’s Office of Foreign Assets Control, Australia’s Department of Foreign Affairs and Trade,…
News
Law enforcement in Phuket has arrested four hackers suspected of orchestrating ransomware attacks on Swiss firms and stealing millions in cryptocurrency. The accused, all Russian nationals, reportedly deployed ransomware on the networks of 17 Swiss companies between April 2023 and…
News
Russia’s communications watchdog Roskomnadzor has blocked access to the country’s largest crypto aggregator platform. The Russian telecoms watchdog Roskomnadzor has blocked access to BestChange, one of the largest crypto over-the-counter aggregators in Eastern Europe and Russia. As of press time,…
BTC
Bitcoin
Feature
Russia’s main federal investigating authority is proposing new legislation for Bitcoin that could potentially criminalize its transfer through third parties. Russia’s Investigative Committee has put forward a proposal that could potentially affect the country’s cryptocurrency market. In early February, the…
BTC
Bitcoin
News
Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet…
BTC
Bitcoin
News
Cryptocurrency derivatives exchange Deribit is shutting down its services for Russian users to comply with European Union sanctions. The company, headquartered in the Netherlands, announced that it will enforce trading restrictions beginning Feb. 17, with full account closures set for…
