Bitcoin 

New Files Allegedly Connect $450M in Lost Bitcoin to Russian Intelligence

$450 million worth of lost cryptocurrency from the now-defunct cryptocurrency exchange WEX may have been transferred to a fund belonging to Russian intelligence agency the Federal Security Bureau (FSB), according to an investigation by the BBC’s Russian Service published on Nov. 15. The BBC’s recent investigation into the BTC-e crypto exchange case, in which co-founder Alexander Vinnik stands accused of fraud and laundering as much as $4 billion in Bitcoin (BTC) over the course of six years, has revealed new details which allegedly connect lost customer funds to the FSB.…

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Blockchain 

Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russia: New law would let police confiscate Bitcoin from 2021 We begin in Russia, where the government is pursuing a seemingly impossible law that would allow it to confiscate Bitcoin (BTC). Reports suggest that the plans, which target “digital assets,” could become law in 2021.…

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Bitcoin 

Final Russian Nuclear Scientist Jailed For Mining Bitcoin At Work

A Russian scientist and former employee at the nation’s premier nuclear research facility was jailed on Oct. 24, for his part in a scheme to secretly mine Bitcoin using the facility’s supercomputers.  Stealing energy and computing power from your employer According to an Oct. 25 report by RT, former employee Andrey Rybkin was sentenced to 3 years and three months in prison, for the “unauthorized use of computer capabilities.” Two of his colleagues were previously fined for their roles in the plot, with one also receiving a suspended prison sentence.…

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Bitcoin 

Binance Announces Ruble Trading at Russian Gov’t-Sponsored Event

Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble. Adding ruble support in “about two weeks” The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at a Russian government-led event, the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national cryptocurrency on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained. In a video posted on Twitter, CZ said: “In about two weeks or so, we should…

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Bitcoin 

Binance Is Launching Fiat Trading Starting with Russian Ruble

Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble. Adding Rubble in “about two weeks” The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national cryptocurrency on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained. In a video posted on Twitter, CZ said: “In about two weeks or so, we should have support for Russian rubles…

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Bitcoin 

Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered

Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco. Recover losses on behalf of Mt. Gox victims On Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the Moscow law firm outlined its proposal to recover close to $2 billion in BTC on behalf of the victims of the hack of the now-defunct Mt. Gox exchange, which according to its lawyers has the promise of making the…

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Ethereum 

Russian Smelting Giant Nornickel to Launch Digital Trading Platform by End of 2019

Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9. The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we plan to bring this product [digitization of metal trading] to the market by the end of 2019 and begin trading our tokens.” Bugrov also said that the token trading program could be worth nearly $1 billion, but that is rather a target…

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Bitcoin 

Russian Ministry of Finance Considers Allowing Cryptocurrency Trading

A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news service Interfax reported on June 21. Per the report, the Deputy Minister of Finance Alexei Moiseyev told journalists on Friday that, while MinFin had reached no final decision, cryptocurrency trading may be allowed in the coming bill on the circulation of cryptocurrencies in the Russian Federation. A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation passed in May of last year. Anatoly Aksakov,…

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Bitcoin 

Record-Breaking Coincheck Hack Perpetrated by Virus Tied to Russian Hackers

The personal computers of employees at hacked Japanese crypto exchange Coincheck have allegedly been found to have been infected by a virus associated with a hacker group of Russian origin. The allegation was reported by Cointelegraph Japan on June 16. As Cointelegraph has reported, in January 2018, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. Cointelegraph Japan cites a report from Japanese media agency Asahi Shimbun, which claims that fresh research has cast doubt on prior assumptions that the high-profile hack…

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Blockchain 

Russian Authorities Sign MoU With Maersk to Officially Launch TradeLens in Russia

Russian authorities have signed an agreement with Danish logistics giant Maersk to officially launch blockchain shipping platform TradeLens, according to a press release on June 6. As a part of the agreement, the port at Russia’s second-biggest city, St. Petersburg, will pilot the blockchain-powered logistics tool co-developed by Maersk’s tech subsidiary Maersk GTD and global tech giant IBM. The agreement was signed in the form of a Memorandum of Understanding (MoU) between Maersk CEO Søren Skou and Yuriy Tsvetkov, Deputy Minister of Transport of the Russian Federation and Head of…

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