Tagged: russia

Russia’s Largest Bank Sberbank Purchases $15 Million in Debt via HyperLedger Blockchain

Russia’s largest financial institution Sberbank has reportedly purchased around $15 million worth of accounts receivable from Trafigura, a Singaporean commodity trading firm that leverages blockchain technology. The pilot transaction was conducted on the Hyperledger Fabric platform, according to a representative from Sberbank. The blockchain-based purchase… Read More

Alleged Paid Pump House ICO Rating Settles Charges with SEC with $270,000 Fine

ICO Rating, a Russia based initial coin offering and research firm, has paid a fine to the US Securities and Exchange Commission (SEC) regarding allegations that it failed to disclose payments received from issuers for publicizing their digital asset securities offerings. According to a statement from… Read More

Sberbank Announces Letter-of-Credit Business of Legal Entities for Online Availability

Russian banking group Sberbank announced last week it has implemented a feature on remote banking services on letters-of-credit in Sberbank Business Online’s system. The bank revealed: “Clients can create applications on letters of credit online and independently send them to the bank to be processed…. Read More

Report: Tether Has Supplanted Bitcoin for Russia-China Commercial Remittances

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More

Russian Machinists’ Union, Duma Experts Propose Cryptocurrency to Evade Weapons Sanctions

Russian crypto media outlet Crypto.pro is reporting that Russian machinists and parliamentarians involved in weapons production and sales have advised Russian central bankers to develop a “stablecoin” cryptocurrency to allow Russia to sell weapons and military equipment to foreign customers without being encumbered by international… Read More

Owner of WEX, Rebranded Crypto Exchange That May Have Processed Bitcoins for Russian Spies, Arrested in Italy

Dmitry Vasiliev, a 32-year old Russian who took over and rebranded the notorious BTC-e exchange when its alleged admin, Alexander Vinnick, was arrested in Greece in 2017, is now under arrest in Italy, the BBC reports. Vasiliev rebranded BTC-e, “the largest Russian-language platform for the… Read More

Report: Moscow Math Major Will Wash Trade Your Crypto Token for $6000

A young student at Moscow State University, Alexey Andryunin, and his unnamed partner, have come up with a lucrative sideline that has made them much less interested in their studies: the wash trading of crypto tokens to make it look like there’s a market for… Read More

IOST Blockchain Partners with Boomstarter Platform

The IOST Foundation has “completed an integration” with Eastern European rewards/donation platform Boomstarter, according to a note from the company. The goal is for the two entities to make $IOST a global fundraising currency to support entrepreneurs and builders in an international expansion plan spanning… Read More

Report: Adversaries Building Commerce “Pipelines” to Undermine US Dollar Dominance

Two researchers at The Foundation for Defense of Democracies (FDD) have produced a comprehensive report on Russia, Venezuela, Iran and China’s efforts to create or exploit alternative payment systems that would allow them to circumvent the US dollar as a means of enforcing American foreign… Read More

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

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