Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three Quarters of Ransomware Revenue Traceable to Russia, Researchers Say Individuals and groups based in the Russian Federation, which is in the top 20 of the Global Crypto Adoption Index by Chainalysis, can be linked to some $400 million in....
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Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia.
Unknown Attackers Steal Mining Equipment From Crypto Farm in Russia
A crypto mining farm in the village of Kuchino, near the city of Domodedovo in Moscow Oblast, has been raided by thieves, the Russian crypto news outlet Bits.media reported on Wednesday. The mining facility was located in a warehouse owned....
Moscow opens its first digital currency exchange, California shelves its plans to regulate bitcoin, and the Bank of England looks to manage cryptocurrency. Want to catch up on the latest digital currency news? Take a look at the stories below. MOSCOW. After years of marking bitcoin as a magnet for criminal activity, Russia shocked the world last week when it announced it was looking into taxing bitcoin transactions rather than penalizing them. Naturally, crypto-enthusiasts chalked this up as a random change in status. The devaluation of one’s national currency (in this case, the ruble) is....
Goldman Sachs is relocating some of its Moscow-based staff to the United Arab Emirates as a result of Russia’s onslaught on Ukraine, numerous news agencies reported Sunday. The Wall Street behemoth is sending some of its employees to Dubai, a key financial hub in the Middle East, as foreign corporations reevaluate their Russian operations as the Ukraine crisis enters its second week. The Goldman Sachs Group, Inc. is a New York City-based international investment bank and financial services company. Goldman Sachs employs over 40,500 people and had total assets of approximately $1.2....
More countries are allegedly involved in a major global Bitcoin ad scam. A major Bitcoin (BTC) ad scam involving unauthorised images of Australian celebrities who seemingly promoted fake investment schemes is allegedly coming from Russia, according to a new report.Fraudulent Bitcoin ads capitalizing on Australian celebrities like Dick Smith and Andrew Forrest are part of an organized global business that uses at least five addresses in Moscow, an investigation by The Guardian asserts.On Dec. 13, The Guardian published a report providing more details about a major Bitcoin ad scam that has....
Russia held its first major bitcoin event in Moscow this week, Bitcoin Conference Russia, featuring a host of speakers from the local region, overseas guests, and even Russia's first bitcoin vending kiosk/ATM. "Если биткоин это деньги, тогда и бутылка водки - валюта" #bitcoinconf #bitcoin pic.twitter.com/wNsrcJ5HeT. - Bitcoin Conference (@BitcoinConfRu) April 23, 2014. There had been some confusion over whether the conference was actually going ahead, thanks to a prohibitive regulatory climate surrounding digital currency in Russia, and the earlier 'indefinite postponement' of a rival....