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Russian Bailiffs ‘Can Now Turn Criminals’ Bitcoin Into State Revenue’

Leave a Comment / Blockchain News, Crime, News, Russia / best time

Russian bailiffs say they have developed new methods to help them convert Bitcoin (BTC) seized in criminal cases into cash for the Treasury. In a video posted on the Federation Council’s RuTube page, Dmitry Aristov, the head of the Federal Bailiff Service (FSSP), called Bitcoin a “problematic asset.” Russian Bailiffs’ Bitcoin Problem Solved? Aristov made […]

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Russian darknet dominated crypto drug trade in 2024 with .65 billion transactions

Russian darknet dominated crypto drug trade in 2024 with $1.65 billion transactions

Leave a Comment / Bitcoin, Crime, Darknet, Russia, TRON / best time

Blockchain security firm TRM Labs reported that Russian-language darknet marketplaces dominated crypto-linked drug transactions in 2024. According to the report, the platforms were behind more than 97% of the drug-related crypto activity on the Bitcoin and TRON networks. That translates to around $1.65 billion out of the $1.7 billion traced to drug trade on both

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Russia’s Irkutsk ‘Could Impose Year-round Crypto Mining Ban from April 1’

Leave a Comment / Blockchain News, Crypto Mining, News, Russia / best time

Russia’s Irkutsk, the nation’s biggest Bitcoin mining hotspot, could impose a year-round ban on all crypto mining activities effective April 1, a news outlet has claimed. Per a report from the Russian newspaper Kommersant, the ban would apply only in the southern part of the Siberian oblast of Irkutsk, but could run until mid-2031. Irkutsk

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Russian Energy Giant Gazprom Launches Blockchain-powered ‘Digital Assets’

Leave a Comment / Blockchain, Blockchain News, News, Russia / best time

Gazprom, the majority Russian state-owned oil and gas titan, has launched a series of tradable, blockchain technology-powered “digital financial assets” (DFAs). The firm is the latest Russian business heavyweight to foray into the nation’s fast-growing DFAs market. The move appears to indicate that energy industry heavy-hitters are now ready to join commercial banks in the

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Leave a Comment / brics, Cryptocurrency, Economics, Russia / best time

Russian Finance Minister Anton Siluanov specified that digital financial assets were among the options that BRICS was considering for securing independence from third-party nations in the economic trade arena. BRICS Profiles Digital Financial Assets as Part of Future’s Financial Settlements Arsenal Digital assets have become a relevant actor in international trade, and now even BRICS,

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Russian Economist Calls Strategic Bitcoin Reserves a ‘Ticking Time Bomb’

Leave a Comment / Blockchain News, Economics, News, Russia / best time

A leading Russian economist has warned Moscow against developing a national strategic Bitcoin reserve, calling crypto stockpiles a “ticking time bomb.” Per the Russian media outlet MoneyTimes.ru, the comments came from Valentin Katasonov, the Chairman of the S. F. Sharapov Russian Economic Society and a Doctor of Economics. Russian Economist: Strategic Bitcoin Reserves Talk ‘Like

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Russian Central Bank Governor Makes Fresh Call for ‘Crypto Ban’

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The Russian Central Bank Governor Elvira Nabiullina has renewed her calls for Moscow to issue a nationwide crypto ban, blocking traders from buying and selling coins on Russian soil. Per the Russian media outlet RBC, Nabiullina told journalists at a press conference that she wants to “ban settlements made in cryptocurrencies between residents” outside the

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Russia’s Cybercrime Skyrockets: 700,000 Attacks, Billion Vanished

Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished

Leave a Comment / cybersecurity, Featured, Russia / best time

More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces Surge in Cybercrime, With Billions Lost to Fraud More than a million Russians have fallen victim

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Russia Jails Citizen for 15 Years for ‘Sending Crypto to Ukrainian Army’

Leave a Comment / Blockchain News, News, Russia, Ukraine / best time

A Russian court has sent a man to jail for 15 years after convicting him of sending crypto to the Ukrainian military. Per a report from the state-run news agency TASS, the man is a resident of the Oryol Oblast, some 370km to the south of Moscow. The court heard that the man used crypto

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Russia’s Sberbank Launches Blockchain-powered Cocoa Index Token on Moscow Exchange

Leave a Comment / Altcoin News, Bank, News, Russia / best time

Sberbank, Russia’s largest bank, has launched a blockchain technology-powered token that tracks global cocoa prices. The bank’s coin is a so-called digital financial asset (DFA). Sberbank said its token price was “tied to the international price of cocoa” through “a cash-settled futures contract” on the Moscow Exchange. Sberbank Launches Blockchain-powered Commodities Token The Russian media

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