Tagged: russia

Lithuania’s Debitum, a Borderless Financing Platform, Shares Updates About War-Affected Assets in Ukraine

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Debitum reports that it is continuously monitoring the current situation with ChainFinance issued loans to the borrower in Ukraine. Recently, upon their request, Debitum have received “more detailed information about what is going on and what are the plans for the future regarding investments in… Read More

Real Estate Developer SIB Group Repays €1M Loan, Plus €74,490 Interest to PeerBerry Investors

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PeerBerry’s business partner – real estate developer SIB Group – successfully “closed the residential building project ‘Talino’” in Vilnius, the capital of Lithuania. The real estate loan of €1 million, plus an interest rate of €74,490 (total amount of EUR 1 074 490) was reportedly… Read More

Bitcoin Might Benefit from Emergence of “Bretton Woods III,” Research Report Claims

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Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

Digital Assets: Ukraine, Russia Lead Countries Globally with Higher Crypto Adoption Rates, Report Reveals

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Ukraine and Russia lead the list of countries “with higher crypto adoption rates, with 12.73% and nearly 12%, respectively,” according to an update from DappRadar. DeFi transactions in Q1 hit the lowest levels since February 2021, “while the 116 million NFT transactions across all blockchains… Read More

Alternative Investment Platform PeerBerry Repays an Additional €0.7M on War-affected Loans

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PeerBerry business partners are reportedly repaying an additional €0.7 million on war-affected Ukrainian and Russian short-term loans. After today’s repayment, the total amount of repaid war-affected loans in April “will be €3.64 million (significantly more than the planned amount of EUR 1,3 million at the… Read More

US Department of Treasury Targets Russian Sanction Evaders Including Crypto Mining Operation Bitriver

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has moved once again to take action against Russian entities as part of the growing sanctions against the rogue nation and its unprovoked war against Ukraine. In the first action of its kind,… Read More

Fintech Seon, which Specializes in Fraud Prevention, Acquires $94M in Funding

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Seon, a startup that’s focused on assisting Fintechs like Revolut with addressing online fraud, has secured $94 million in capital, in order to implement various tools for preventing sanctions evasion by Russia. The London-headquartered firm secured the funding via an investment round that was led… Read More

PeerBerry Partner Lithome, a Real Estate Developer, Closes Project “Aurea Home” in Center of Vilnius

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PeerBerry’s business partner – real estate developer Lithome – successfully “closed the real estate project ‘Aurea Home’ in the center of Vilnius, the capital of Lithuania.” The real estate loan of EUR 1 million, “plus an interest rate of EUR 91 647 (total amount of… Read More

US Department of Treasury Sanctions Hydra Market, Garantex, Along with 100 Crypto Wallets Associated with Dark Web Marketplace: $25 Million in Bitcoin Seized

US Department of Treasury

Yesterday, the U.S. Department of the Treasury sanctioned dark web marketplace Hydra Market, labeling it a pernicious site for malicious cybercrime services, dangerous drugs, ransomware, and other illicit activity. Hydra Market is said to be based in Russia. Also sanctioned, Garantex is a crypto exchange… Read More

Alternative Investment Platform PeerBerry Passes Another “Business Resilience” Exam

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The team at PeerBerry notes that we have already seen and have already been there (when remembering all the panic during the first wave of Covid in March 2020). But on the other hand, “nothing compares with the current events,” the team at PeerBerry wrote… Read More

Lithuania’s Debitum, a Borderless Financing Platform, Shares Updates About War-Affected Assets in Ukraine

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The team at Lithuania’s Debitum, a borderless financing platform, has shared omportant news about “war-affected assets” in Ukraine On March 30, 2022, Debitum had received “an official response letter and data from the borrower in Ukraine.” This data consists of the company’s “update on its… Read More

Sanctions, Russian Retaliation Leads to Disrupted Market Conditions, Mintos Reports

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European lender Mintos notes that previously, they had prepared an overview of the “broader” effects of the war in Ukraine, sanctions on Russia, and Russian “responding policies on the financial markets.” As noted in a blog post, Mintos is now sharing “an insight into how… Read More

Aventus Group Business Operations in Kazakhstan Grew Over 3 Times in 2021

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Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.” At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with… Read More

European Lender Bondora has Now Returned €64M to Investors with €571M Invested

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European lender Bondora recently celebrated its 14th year of launching operations. The team at Bondora has thanked all their customers who have chosen to work with them, supported them, and grown with them over all these years. The online lending platform’s management is also thankful… Read More

CoinShares Reports $47M in Digital Asset Outflows, with Negative Sentiment Focused on North America

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James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that for the week ending March 18, 2022, there were outflows that continued “with $47 million,… Read More

Aggregate Crypto Donations to Ukraine Top $100 Million

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Yesterday, it was reported that the government of Ukraine has created its own website to accept crypto donations. The site was built in partnership with FTX, Kuna, and everstake. The Ukraine government has now received over $60 million in crypto donations. Today, Merkle Science is… Read More

Ukraine Conflict Accelerates Russia’s Aim to Block VPNs: Report

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Surfshark, a VPN firm based in Lithuania, has reported “a 3500% surge in Russia sales since February 24 – the day Russia invaded Ukraine.” According to cybersecurity firm Surfshark’s analysis, the Russian telecoms regulator (Roskomnadzor) has forced Google to “delist more than 36,000 URLs that… Read More

Debitum Comments on Russia’s Invasion “Influence” on Investors, LOs, Funded Assets from Ukraine

Russia equestrian statue of Peter I in Saint Petersburg

Lithuania’s borderless financing platform Debitum confirms that the ongoing war in Ukraine is affecting everyone. Debitum is “strongly against” the Russian aggression and they are supporting their partners and their employees based in Ukraine. For investors, “who purchased claim rights related to borrowers from Ukraine,… Read More

Alternative Investment Platform PeerBerry Shares Extensive Update Amid Ukraine-Russia Crisis

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PeerBerry notes that their business partners have assessed the changes in interest rates in international markets and have “made appropriate changes in the interest rates on loans offered to invest in on the PeerBerry platform – the interest rates are slightly increasing.” Interest rates on… Read More

The Ukraine Government Creates Website to Raise Money via Crypto Donations, Partners with FTX, Kuna, everstake

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In the early days of the Russian invasion, the Ukrainian government, along with other charities and independent media, leveraged cryptocurrency to expedite transfers of money in the form of donations. By accepting crypto, Ukraine benefits from the speed of transfer – instantaneous – and the… Read More

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