Russia Financial News

Binance, the world’s largest crypto exchange by trading volume, has been identified as a counterparty to the little-known exchange Bitzlato, which is now facing money laundering charges in the US.

Shiba Inu price appears to have taken a breather after a consistent push by bulls for slightly over two weeks. This pressure is not unique to SHIB, as Bitcoin price is down 2.2% in 24 hours to trade at $20,796, while Ethereum price is exchanging hands at $1,527 after sliding 3.3%. The most popular meme coin, DOGE is also in the red and trading at $0.081 after a 5.5% correction in 24 hours.

Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been arrested by US authorities for allegedly processing $700 million in illicit funds. 

Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason.

Russia’s crypto mining legalization bill has hit a last-minute obstacle, and the draft law’s progress has now “stalled,” the nation’s Ministry of Finance conceded.

The United States Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, has argued that Binance is linked to the illegal cryptocurrency platform Bitzlato.

On January 18th, Bitcoin began to experience a bearish correction. It obtained support close to $20,500 and its trend seems sustainable. In this article, you will find the latest information regarding BTC and ETH's fundamental outlook and more. Read ahead for additional details!

The two-week-long Bitcoin (BTC) winning streak has finally come to an end after the cryptocurrency formed its first red candle on Jan. 18.

Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov.

Bitzlato processed more than $700 million in illegal funds, from activities including drug deals, illegal gambling, and ransomware attacks, according to the US Justice Department.The US, alongside several European partners, has also acted to seize Bitzlato’s servers and cryptocurrency, effectively shutting the exchange down.Deputy Attorney General Lisa O Monaco says: "Overnight, the Department worked with key partners here and abroad to disrupt Bitzlato, the China-based money laundering engine that fueled a high-tech axis of cryptocrime, and to arrest its founder, Russian national Anatoly Legkodymov. "Today’s actions send the clear message: whether you break our laws from China or Europe - or abuse our financial system from a tropical island - you can expect to answer for your crimes inside a United States courtroom."Legkodymov is charged with conducting an unlicensed money transmitting business.

Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders. 

The rising interest rates in the US mean that the US government is now paying more in interest repayments on their debt than the entirety of their spending on their armed forces. 

Researchers at the South Korean crypto exchange Bithumb have named seven factors they believe will affect bitcoin (BTC) and crypto prices in 2023 – and determine whether the bear market will give way to bullish forces for a sustained period.

Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession many economists warned about just months ago, due to falling energy prices and government intervention to buttress the continent’s economy.  

Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession many economists warned about just months ago, due to falling energy prices and government intervention to buttress the continent’s economy.  

Andrew Bailey, the Bank of England (BoE) governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro. 

Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. 

Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession many economists warned about just months ago, due to falling energy prices and government intervention to buttress the continent’s economy.  

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold.