Estonia Financial News

Estonia's foreign minister has called on other European countries to double their defence expenditure because of the Russian war in Ukraine -- adding that his own country planned raise national defence spending to 3% of GDP. 

They are accused of defrauding hundreds of thousands of people, tricking them into entering into fraudulent rental contracts for crypto mining equipment and getting them to invest in a virtual currency bank that never launched.Victims paid more than $575 million to Potapenko and Turõgin’s companies. The men then used shell companies to launder the proceeds and to purchase real estate and luxury cars, according to the indictment.US Attorney Nick Brown for the Western District of Washington says: "These defendants capitalised on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme."The men are charged with conspiracy to commit wire fraud, 16 counts of wire fraud, and one count of conspiracy to commit money laundering.

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Two Estonian nationals have been arrested for alleged involvement in crypto-related fraud and money laundering activities worth some $575m.

Two Estonian citizens were arrested in Tallinn after having been charged with their alleged involvement in a $575 million (€560m) cryptocurrency fraud and money laundering conspiracy, the US Justice Department revealed on Monday.

The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.

Two Estonian citizens were arrested in Tallinn, Estonia after having been charged with their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the US Justice Department revealed on Monday.

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Women in the European Union will from Tuesday and until the rest of the year "work for free" compared to their male counterparts.

The eurozone and most EU countries will head to an economic recession in the last quarter of 2022, according to the European Commission's autumn economic forecast.

The cost of living crisis, and rising energy prices, are hitting families across Europe hard. 

Inflation in the eurozone is expected to have reached a new record high of 10.7% in October.

Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia. 

Denmark goes to the polls on Tuesday 1 November in a snap general election called seven months ahead of schedule. 

Fifteen European countries on Thursday announced that they would jointly procure air defence systems to protect the continent under a newly-created European Sky Shield Initiative. 

Germany’s defence minister has called on NATO to do more to protect the alliance from Russia and President Vladimir Putin.

The Slovenian parliament on Tuesday passed an amendment allowing same-sex couples to marry and adopt after a constitutional court ruling made it the first country in Eastern Europe to do so.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The centre-right New Unity party of Latvian Prime Minister Krišjānis Kariņš won Saturday's election, according to provisional results, with its 19% of the vote putting him in a position to head another coalition government.

Sanctions, censure and condemnation: Ukraine and its Western allies reacted decisively to Vladimir Putin's move to illegally annex four occupied regions of eastern Ukraine on Friday, amid a chorus of criticism from around the world. 

Inflation in the eurozone reached double-digits and yet another new record high in September, according to preliminary data, as the negative consequences of Russia's war in Ukraine continue to inflict a heavy toll on European economies.