Tagged: russia

Robo.cash Funds One Million Loans in Europe

Robo.cash is reporting its millionth loan funded. According to the peer to peer lending, for the first five months of 2019, the platform has shown a 26%-increase in the number of funded loans and a 54%-increase in the amount of new investors, compared to the… Read More

Report: Russian Viruses Found in Investigation of $534 Million USD Hack on Coincheck Cryptocurrency Exchange

Viruses “first marketed in a Russian bulletin board in June 2011” have been found on computers of employees at Coincheck, a Japanese cryptocurrency exchange hacked in January 2018 for more than $534 million USD in NEM tokens, Asahi Shimbum writes. Previously, South Korean intelligence had… Read More

Russia’s Tinkoff Bank Introduces Financial & Lifestyle Task Voice Assistant Oleg

Russian banking group Tinkoff announced on Thursday the launch of its new product, Oleg. According to Tinkoff, Oleg is a voice assistant for financial and lifestyle-related tasks. The product’s mission is to help users navigate within the Tinkoff platform and make customers’ lives simpler. “Oleg… Read More

Russian State Oil Company Head and Putin Second Warns Colleagues That Facebook Cryptocurrency Could Be Used to Denominate Petrol

Igor Sechin, head of Rosneft, Russia’s state oil company and reported second-in-command to Russian President Vladimir Putin, told colleagues in St Petersburg this week that the creation of a “Facebook  Global Coin” cryptocurrency could signal American tech companies’ ominous intention to start moving into oil… Read More

Robo.cash Says P2P Investors Tend to Increase Investment by 30% After One Month

European peer to peer lending platform Robo.cash has published a note on platform investors indicating that after the first month of investing, users tend to invest 30% more. The second month, investors bump it up by another 10%. The intimation is that new investors test… Read More

Sberbank Redeems First Issue of Retail Investment-Grade Bonds

Russian banking group Sberbank announced on Friday it has redeemed first issue of its reatil investment-grade bonds. According to Sberbank, the yield of this issue depended on the performance of Gazprom’s American depositary receipts (ADRs) and was 20.14% for the maturity period (9.61% per annum). … Read More

US Department of Treasury Sanctions Russian-Venezuelan Bank Evrofinance

As part of its ongoing measures against the “illegitimate regime” of Nicolas Maduro in Venezuela, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Evrofinance Mosnarbank, “a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies.” According… Read More

Russian Human Rights Commissioner Asks UN to Help Accused Bitcoin Launderer to Return to Russia

TASS is reporting this week that Russia’s Commissioner for Human Rights, Tatyana Moskalkova, has asked the UN High Commissioner for Human Rights, Michelle Bachelet, “to facilitate the extradition of Russian Alexander Vinnik from Greece to Russia.” Vinnik has been being held by Greek authorities since… Read More

Deputy of Russian Ruling Party Proposes Experimental Use of “Blockchain” Tech for Voting in Next Moscow Election

Russian state media outlet TASS reported February 26th that Dmitry Vyatkin, a deputy in Russia’s ruling United Russia party, has introduced a bill to have the Moscow City Duma (city hall) use an experimental blockchain voting system in the city’s next election. According to an… Read More

Sberbank Announces Online Service Sberbank Cash Transit

Russian banking group Sberbank announced on Friday the launch of its new online cash transit services, which allows users to make existing cash transit agreements. According to Sberbank, the advantages of the group’s cash transit services include the following: Reliable partner with the widest coverage Funds are… Read More

Records of 15 000 Heart Patients Compromised in Crypto Ransom Attack

In January, a private heart clinic located in a Melbourne’s Cabrini hospital had 15 000 patients’ medical records locked in a ransomware attack that emanated from Russia or North Korea, 9News reports. A cryptocurrency ransom to unlock the data was subsequently demanded. The records were… Read More

Accused of Laundering $234 Billion, Danske Bank Ceases Most Banking in Russia and Baltic Countries

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

Head of Large Russian Bank Likens Cryptomining to Counterfeiting, Warns: “There is No Mechanism for Regulating the Cryptocurrency Market”

The head of Russia’s VTB bank, Andrei Kostin, has reportedly compared cryptocurrency mining with counterfeiting and believes crypto markets cannot currently be regulated, Russian national news agency TASS reports. Kostin made the comments while speaking at an educational event called “The I Am Professional” Olympiad…. Read More

Ryuk Ransomware Attack on Major US Newspapers Came from Russia, Not North Korea, Researchers Say

Researchers at Crowdstrike, FireEye, Kryptos Logic, and McAfee are all reporting that ransomware known as Ryuk is, in fact, being proliferated by professional hack groups in Russia, and not by North Koreans, ZDNet reports. According to the outlet: “The era of individual ransomware operations appears to be ending, with fewer… Read More

Sberbank Now Allowing Consumer Lending on Mobile App

Russian banking group Sberbank announced last week it is now offering online individual lending through its mobile app, which is specifically offered to Android users at this time, with iOS functionality being available in a few months. While sharing more details about the new functionality, Managing… Read More

“Bitcoin Babushkas”: Older Women Mining Bitcoins in Siberia

Russia is one of the most crypto (currency)-enthused regions in the world, and mining cryptocurrencies not just a big city, male phenomenon there, BBC reports. In the Siberian city of Irkutsk, even “grandmothers” are getting in on the action. “I want some money that I’ve… Read More

Russian Authorities Imposing New Digital Surveillance Layer to Combat Anonymous Message App Telegram

If all goes well with current tests, Russian telecom companies will soon be required to implement new content-censoring tech in order to surveil and intercept messages sent on prohibited anonymizing apps like Telegram, BBC Russia reports. The system, which has been being competitively tested by… Read More

Russian Deputy Finance Minister Says Digital Currency for the EAEU Region “Inevitable”

Russian Deputy Finance Minister Alexei Moiseyev has told the local press his ministry is exploring the creation of a digital currency for the EAEU region – in part as a response to international sanctions, Rambler reports. Moiseyev says the currency may be expected in 2020… Read More

Sberbank Now Allowing Users in 42 Russian Cities Make Instant Contactless Payments Using Pay-QR

Russian banking firm Sberbank announced earlier this week it is now allowing users in 42 Russian cities to make instant contactless payments using Pay-QR on smartphones. According to Sberbank, the project’s goals are to provide a convenient new QR code payment technology for individuals and a… Read More

Lawyer: Greek Justice System Violating Rights of Accused Bitcoin Launderer Alexander Vinnik

The legal rights of a man at the centre of an international tug-of-war have been violated by the Greek justice system, a lawyer for accused BTC-e administrator Alexander Vinnik argued in court this week. “You have violated the rights of Alexander Vinnik, who hasn’t received… Read More

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