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The Federal Security Service (FSB) raided 25 residences tied to REvil, seizing approximately $6.8 million in various currencies – including cryptocurrencies. The FSB also seized computer equipment, crypto wallets “that were used to perpetrate crimes” and 20 luxury cars, according to a Jan. 14 press release. Source
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Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United States, despite heightened geopolitical tensions between
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The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group.According to a Wednesday report from the Nikkei newspaper, DeCurret Holdings intends to sell the crypto branch of its business to the Hong Kong-based
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The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists.As the group’s co-founder Nadya Tolokonnikova told Cryptox, the DAO will be working on reducing the gender inequality that still marks the nonfungible token (NFT) space and, more broadly, the crypto industry. Despite the
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A group of U.S. banks plans to offer its own stablecoin, called USDF, in a move to tackle concerns about the reserves behind nonbank-issued equivalents.The group – which is made up of institutions backed by the Federal Deposit Insurance Corp. (FDIC), one of the industry's key regulators – said the
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U.K. lawmakers have formed the Crypto and Digital Assets Group to ensure that new rules for the crypto industry support innovation. “We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the British
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Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government.According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched
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The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency. 3 Countries Will Adopt Bitcoin as Legal Tender
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While SJM includes a member of the board of directors of the Reserve Bank of India, Swaminathan Gurumurthy, among its co founders, observers say it’s unlikely to have much influence over government policy. Even though it is considered the economic arm of Rashtriya Swayamsevak Sangh (RSS), a nationalist group that
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