“Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury,” quipped Blockfolio. Crypto players were quick to respond to the news that hackers breached the U.S. Treasury Department. According to a report from Reuters, a “sophisticated hacking group” backed by a foreign government — reportedly Russia, according to three people familiar with the investigation […]
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Russian officials finally prepare to disclose their crypto. Russia is the latest country to officially require its government officials to report their cryptocurrency holdings. President Vladimir Putin has signed a decree obliging Russian officials to disclose their crypto investments by June 30, 2021, local news agency TASS reported on Dec. 10. Officially released on Thursday, […]
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A crypto advocate group in Russia is lobbying for more friendly federal crypto law. Major cryptocurrency advocates in Russia are opposing the government’s stringent approach to regulating the crypto industry. The Committee on Blockchain Technologies and Cryptoeconomics, whose ranks include executives from major crypto exchanges Binance and OKEx, has called on the state to soften […]
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Bitcoin may have experienced the perfect storm for success, but action by the United States government may remain a threat. Ryan Selkis, co-founder of data and research company Messari, recently released his 2021 crypto sector thesis, examining the state of the industry as well as forecasting what lies ahead. Selkis explains in this report that […]
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Years after his initial arrest, Vinnik has finally been sentenced. After years of extradition debates, Bitcoin (BTC) launderer Alexander Vinnik has finally been sentenced by a French court. According to a Dec. 7 report by Novaya Gazeta, Vinnik has been sentenced to five years in prison for “money laundering as part of an organized criminal […]
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Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Russia’s digital ruble is expected to reduce business costs, but could also cut profits for commercial banks, according to Elvira Nabiullina, the chairwoman of the Bank of Russia. At a Dec. 3 meeting of “Opora Russia,” a non-governmental organization of […]
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Many are calling for Donald Trump to grant clemency to the Silk Road founder before Trump leaves office on Jan. 20. With just 44 days before Joe Biden’s inauguration as President of the United States, players in the crypto space are imploring Donald Trump to use his pardoning power for Silk Road founder Ross Ulbricht. […]
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This seeming fight or flight response to blockchain’s rising ubiquity may be “too little, too late.” SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape. The cooperative announced Thursday that U.K.-based Lloyds Banking Group has become the […]
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COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected. Timothy Lane, Deputy Governor of the Bank of Canada and head of research at the bank’s fintech and crypto department, claimed that Canada’s central bank digital currency, or CBDC, might see the light of the day “sooner than expected. Lane […]
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Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban […]
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