The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are expected to be the suspects who threaten to bring down the Western financial system days later. Moreover, earlier today, the pro-Russian Killnet hackers claimed on their telegram that they had
Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic
The U.S. Securities and Exchange Commission (SEC) has become increasingly aggressive in its pursuit of regulatory enforcement within the crypto world. The SEC has continuously filed lawsuits against the top crypto exchanges, including Binance. It creates uncertainty about the future of the crypto firms operating in the United States. Following
Recent developments in the world of cryptocurrency have seen Russian nationals facing charges for hacking one cryptocurrency exchange and engaging in illicit operations on another. These incidents have sparked concerns regarding the security and integrity of digital currency platforms. The U.S. Department of Justice has released a statement accusing several
Sberbank, Russia’s largest bank, has announced that it is set to allow customers to trade crypto. The individuals will get access to operating and be able to make transactions using the digital financial assets on the Sberbank platform in June. Popov, deputy chairman of the bank, stated that the citizens
Russian President Vladimir Putin has been asked to help with the legalization of crypto payment businesses. The request is approached through the annual report of Russia’s Business Ombudsman, Boris Titov from the Kremlin. However, cryptocurrencies like Bitcoin (BTC) and others are decentralized and it hasn’t yet been legalized in Russia
Russia has spent a lot of time developing its cryptocurrency policy at home. Russian Finance Minister Anton Siluanov mentioned a new payment system earlier in April. The new payment mechanism will include cryptocurrency. Izvestiya, a Russian news outlet, reports that the government has abandoned plans to launch a cryptocurrency exchange.
In a revolutionary step, Russia is embracing cryptocurrency exchanges to facilitate cross-border transactions, signaling a dramatic shift in its stance towards digital currencies. As this move aligns with the global trend towards digitized finance, it could trigger a wave of innovation and intensify competition in the crypto industry. This move
Significant revisions to the bill establishing the digital ruble have been submitted to the Russian parliament as the project moves forward. These amendments seek to alter the original legislation with respect to debt operations, services for non-residents, and the function of the central bank. The lower house of the Federal
U.S. prosecutors have filed charges against a Russian national who they say was involved in several ransomware scams. That together brought in about $200 million, most of it in cryptocurrency. Hospitals, schools, and even police stations were hit by ransomware attacks. Mikhail Pavlovich Matveev was a member of the Lockbit,
