Cryptocurrency Analysis and News Portal
Starting Nov. 15, the Binance cryptocurrency exchange will stop accepting deposits in Russian rubles. Withdrawals will continue until Jan. 31, 2024. Users with fiat balances in Russian rubles can transfer funds to CommEX for free, according to the announcement. At the same time, on Nov. 9, CommEX itself added a channel for
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Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.Binance will stop accepting deposits in Russian rubles starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform, as it expects
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In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets
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OFAC targets Ekaterina Zhdanova for laundering over $100m via crypto, evading sanctions for Russian oligarchs and aiding ransomware affiliates. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Ekaterina Zhdanova, a Russian national implicated in significant money laundering operations involving cryptocurrencies. Zhdanova is accused
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By tracking crypto transactions, the Russian government seemingly wants to make a regulatory field for state corporations to enter the market. A Russian bank has started tracking its customers’ activities in crypto as the government desires to form regulatory conditions for state corporations to enter. In an interview with Russia’s state newspaper,
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Russia’s largest telecommunications firm, MTS, claims it will launch an advertising service targeting Russian Telegram users, but the social messaging application denies it has any agreements in place.The company made the announcement on Oct. 17, outlining the launch of advertising services for clients targeting the audience of specific channels, categories,
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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap. In a recent development, oil prices saw a remarkable surge, rising by 4% earlier today, following the United States’ decision
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Blockchain analytics firm Elliptic has released new findings that suggest a Russian-linked entity may be behind the high-profile hack of cryptocurrency exchange FTX. The revelation comes as part of an ongoing investigation into the theft of a staggering $477 million in various cryptocurrencies from the exchange. Funds moved during SBF’s court appearance Elliptic’s
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“Of the 4,536 Bitcoins converted from ether at RenBridge, 2,849 BTC was sent through mixers, predominantly a service called ChipMixer,” Ellipic said. “Tracing these assets becomes more challenging, however at least $4 million was transferred to exchanges, where it may have been cashed out.” Source
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Russian clients of Binance, following its exit from the region, are shifting to various platforms for crypto trading. However, it is emerging that CommEX, the company that acquired Binance’s Russian business, isn’t a preferred choice for many clients. Thus far, peer-to-peer (P2P) operations have fallen by between 10 and 30%,
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