Archive | Russian

FBI Claims Arrested Cyber Crime Syndicate Co-Founder Medvedev Worth $800M+ in BTC

The Federal Bureau of Investigation (FBI) has claimed that Sergey Sergeyvich Medvedev, a Russian national recently arrested in Bangkok, was the co-founder and second in command of the Infraud group – a notorious international cyber crime syndicate. It has been reported that at the time of his arrest, Mr. Medvedev was in possession of more […]

Russia Urges 4 Other Countries to Develop Common Approach to Cryptocurrencies

The Russian Prime Minister Dmitry Medvedev has asked the leaders of the Eurasian Economic Union countries to jointly develop a common approach to cryptocurrencies. Both the Russian central bank and the prime minister believe that cryptocurrencies should not be restricted to one nation’s framework. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]

Russia Developing Global ICO Ratings Standard With 30 Countries

The Russian Association of Blockchain and Cryptocurrency has partnered with representatives of 30 countries to develop a global ratings standard for initial coin offerings (ICOs). The association is also in talks with the Russian central bank to impose limits on ICO investments. Also read: South Korea Outlines Proposed Legislation for Cryptocurrency Exchanges Russia Developing Global ICO Ratings […]

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia

A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations. Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market Japanese Exchange Eying […]

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting […]

Russia Proposes Adding Cryptocurrency to the Population’s Financial Literacy Strategy

The Russian Ministry of Finance has proposed adding cryptocurrency to the country’s financial literacy strategy, which was jointly developed with the World Bank. Interest in cryptocurrency is growing in Russia, even among children. Also read: Russian Regulators Disagree on Crypto Regulation, Postpone to Next Year Russia’s Financial Literacy Strategy 2017-2023 Russia’s finance ministry has proposed including […]

Russian Prosecutor’s Office Summons Burger King for Issuing Cryptocurrency

The Russian prosecutor’s office has summoned Burger King to explain the issuance of its cryptocurrency called Whoppercoin. Burger King is confident that it has not broken any laws since there is currently no regulation for cryptocurrency in Russia. Also read: Major Japanese Travel Agency Accepts Bitcoin and Offers Bitcoin-Exclusive Deals Burger King’s Cryptocurrency Questioned Less than […]

Russian GPU Prices Spike, Miners Turn to International Markets for Graphics Cards

An increasing number of Russian nationals living abroad are generating an income through reselling graphics cards to Russian cryptocurrency miners, following a dramatic GPU price hike in response to surging Russian demand for mining hardware. Also Read: GPU Shortage Intensifies as Cryptocurrency Mining Offers up to Twice the Average Russian Monthly Wage For Many Living […]

Russian Government To Introduce KYC Guidelines For Cryptocurrency Purchases

The Russian Ministry of Finance has announced its intention to introduce KYC guidelines for cryptocurrency purchases, amidst increased user adoption across BRICS nations. Also Read: Russian President Vladimir Putin Discusses Using Ethereum with Vitalik Buterin Russia Has Come a Long Way in Recent Months With Regards to Its Regulatory Position on Cryptocurrencies The move in favor […]

Phishing-as-a-Service Is now a Thing

Malware, Trojans, Viruses and any form of informatic attack is now a normal occurrence in the day-to-day lives of internet users. Still, it is somewhat worrying that even not technically-skilled people can now launch a malicious attack as if they were sending an email. Black markets, darknet, deep web, and other obscure parts of the […]

Oracle’s Point-of-Sale Division Breached By Russian Hackers

A group of Russian hackers managed to breach Oracle’s payment system, stealing hundreds of customer credentials and data in the process. The attack affected the company’s point-of-sales credit card payment systems. News broke when security analyst Brian Krebs –also an ex-reporter for the Washington Post– originally reported the attack. The software giant Oracle Corporation ended up […]

Cash Buys Charlie Hebdo Massacre, Bitcoin says Adieu aux Armes

The Charlie Hebdo terror and other Paris attacks renew concerns about the ease with which terrorist cells in Europe can get illegal arms. Media outlets have even started to speculate that some of the