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Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT – Finance Bitcoin News

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Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec

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Crypto Mining Farm Uncovered in Russia’s Oldest Prison – Mining Bitcoin News

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Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency in Moscow Prison A high-ranking representative of the management of Butyrskaya prison,

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Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank – Bitcoin News

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Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank Database Decentralized hacking group Anonymous claims to have hacked Sberbank.

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Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic – Bitcoin News

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Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian Investors Ways to Circumvent Western Sanctions Amid growing

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Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing – Finance Bitcoin News

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The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With

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Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels – Economics Bitcoin News

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Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging

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Russia’s Sberbank Denies Involvement in Recently Launched ‘Sbercoin’ – Bitcoin News

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Sberbank, the largest bank in the Russian Federation, has denied connection to a new cryptocurrency called “sbercoin.” The project is offering high returns to buyers of the token, which was launched shortly after Bank of Russia allowed Sberbank to issue digital currencies. Sbercoin Traded on Pancakeswap Exchange, Not Issued by Sberbank A

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US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List

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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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US sanctions Russia’s largest darknet market and crypto exchange Garantex

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The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex.In a Tuesday announcement, the Treasury Department said it had worked with the Department of Justice, the Federal Bureau of Investigations, the Drug Enforcement

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