A Russian national has been handed a prison sentence for utilizing cryptocurrency to aid the Ukrainian Armed Forces financially. This marks the first publicly known case in Russia of using digital currency to fund a military group. Crypto-Funding to Ukrainian Army A resident of the Mirninsky District in Yakutia has been sentenced to seven years […]
Governments and central banks, from the United States to Switzerland, are giving Bitcoin serious consideration as an alternative to traditional reserve assets, with the Czech Republic being one of the latest to signal interest. The governor of the Czech National Bank (ČNB), Aleš Michl, has floated Bitcoin as a potential diversification strategy for the country’s […]
The incoming second Donald Trump administration has extensive plans to cement US leadership in developing blockchain cryptocurrencies and delivering their products to markets. Meanwhile, Russia is using Bitcoin to conduct commerce outside the traditional finance channels in the face of international sanctions. While these developments certainly bear strategic adversarial overtones, the way Bitcoin changes the […]
Bitcoin is becoming a critical asset in geopolitics, with several countries competing to build national reserves which will potentially reshape their financial sovereignty. While the global push for Bitcoin grows, skeptics are becoming advocates, Japan remains hesitant to join the trend. Japan Cautious About Bitcoin Reserves According to a report by local news outlet CoinJP, […]
Russian Finance Minister Anton Siluanov revealed on Wednesday that domestic firms are now utilizing Bitcoin and other digital assets for international payments, which is enabled by recent legislative adjustments designed to offset Western sanctions. It is important to note that these sanctions have posed challenges to Russia’s trade with significant partners such as China and […]
A high-profile Russian influencer, popularly known as the “Queen of Crypto,” is under scrutiny for allegedly defrauding investors out of $22 million. According to various reports in the Russian press, Valeria Fedyakina, who made a name for herself as “Bitmama,” is accused of operating a pyramid scheme that ensnared multiple victims in only two months. […]
Russia has sentenced Marat Tambiyev, a former mid-ranking investigator, to 16 years in jail after he was caught accepting a bribe of 1,032 bitcoins, which is currently worth around $65 million, from hackers he was investigating. The bribe originated from members of the Infraud Organization hacking group, which Tambiyev was tasked with probing while working […]
U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money laundering service tied to Russian cybercrime. The U.S. Department of State has issued a $10 million bounty for information leading to the arrest or conviction of each. International Crackdown on Russian Cybercrime The United States Treasury, in […]
The Russian government will soon start trials on cryptocurrency exchanges and digital token usage for cross-border transactions. According to a Bloomberg report, they are scheduled to begin on September 1 and are aimed at alleviating payment difficulties for local companies dealing with international sanctions. Crypto Trials The tests will focus on swapping between rubles and […]
TL;DR Bitcoin’s value dropped significantly due to Russia’s invasion of Ukraine in early 2022. The conflict is ongoing and continues to impact global financial markets. The end of the war could boost the cryptocurrency market, potentially pushing BTC’s price up. However, reaching the $100K milestone would require additional conditions. What if the Conflict Ceases? The […]
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