Gaming

Russia seeks to stop access to unfiltered information by attempting to ban VPNs

In an effort to stifle any public opinion that isn’t fawning or shows viewpoints the Kremlin doesn’t want the average Russian to see, the Russian government is going to try to ban virtual private networks (VPNs). According to a report from Russia’s RIA (H/T to Fudzilla), The regime wants to ban VPNs from March 1.  As the war in Ukraine

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Blockchain

IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions

The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian Blockchain Transactions The criminal investigation division of the United

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Blockchain

Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says

Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of the Russian parliament, plans to

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Blockchain

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian Businesses Seven placements of digital

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Blockchain

Binance Reportedly Investigated in US for Russia Sanctions Violations

Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department of Justice (DOJ) is trying

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Blockchain

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for at Least $23 Billion in

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Blockchain

Mysterious Whistleblower Exposes Russian Bitcoin Wallets Linked To Security Agencies Amid Ukraine Invasion

As the intersection between cryptocurrency and geopolitical conflict gains prominence, the role of digital assets in 21st-century warfare is becoming increasingly clear. The Russia-Ukraine War serves as the most notable example thus far, with both parties employing cryptocurrencies to secure donations and fund their war efforts. A shadowy Bitcoin enthusiast has seemingly turned the tables on the Russian state by

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Blockchain

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted

Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound by No Restrictions’ in Russia’s

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Blockchain

Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary

Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury Secretary Lawrence Summers expressed concern on Bloomberg TV

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Blockchain

Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar

Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. “The dollar’s just not going to be king,” he warned, adding that history will record recent events “as the turning point for the dollar.” Jeffrey Tucker on De-Dollarization, USD’s Turning Point Jeffrey Tucker, an author and publisher who worked for former U.S.

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Blockchain

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment system, SWIFT, due to Moscow’s

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Blockchain

Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers

Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital asset exchange in terms of trading volume, Binance,

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Gaming

Russians Are Hacking US Casino Companies to Fund War in Ukraine, Says UK Cyber Expert

A worrying increase A UK cyber expert believes that Russian-state hackers are behind a recent increase in cyber attacks around the world, with US casinos often taking much of the damage. David Rees, executive director, cyber at Howden Insurance Brokers, made the comments at the Cyber Security Summit on Thursday. helping to fund Russia’s war effort in Ukraine The total

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Blockchain

Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’

Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have been sending emails to Russian

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Gaming

Flutter Entertainment Pays $4 Million Fine to U.S. for Violating Foreign Bribery Law

The U.S. Securities and Exchange Commission has charged Flutter Entertainment, the Dublin-based global gaming and sports betting company and the owner of the online poker site PokerStars, with a $4 million fine for the alleged violation of the US foreign bribery law committed through the circulation of payments to consultants based in Russia. Bribery allegations: Flutter Entertainment PLC, the gaming

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Blockchain

Investment Fund Focused on Crypto Mining to Be Created in Russia

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 up the first mutual fund

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Blockchain

Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report

Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report. Ukraine Receives Millions of Dollars in Various Coins From the Global Crypto Community The

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Gaming

FATF Expels Russia From Body; Gibraltar Stays on Grey List

On Friday, February 24, the Financial Action Task Force (FATF), an international money laundering watchdog with over 200 countries as members worldwide, reported that the Russian Federation has been banned from the organization over its invasion of Ukraine, while Gibraltar stays on its grey list. FATF’s statement: In this regard, in a statement from the FATF, they said: “Russia’s invasion

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Blockchain

Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners

The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill designed to legalize the mining

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Blockchain

Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin

Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency In the past week or

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Blockchain

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

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 Bureau of Interpol has arrested

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