Catenaa, Monday, May 12, 2-25- A wave of de-dollarization could hit global markets as BRICS nations and Asian economies consider shedding an estimated $2.5 trillion in US dollar reserves, according to financial insights shared with Bloomberg by Stephen Jen, head of Eurizon SLJ Capital. The move is seen as part of a broader shift favoring […]
Catenaa, Tuesday, February 18 – Russia’s Bitcoin mining regions are seeing unprecedented increases in Electricity consumption, according to a recent study by ACRA Ratings. The study revealed a sharp rise in the demand for electricity tied to the country’s growing crypto sector. The Republic of Ingushetia in the North Caucasus region led the charge, with […]
Catenaa, Tuesday, February 25, 2025- The European Union(EU) has adopted its 16th sanctions package against Russia, introducing stricter financial controls, trade restrictions, and expanded oversight on cryptocurrency transactions. The measures, announced on February 24, mark three years since Russia’s invasion of Ukraine. The package includes sanctions against 83 additional individuals and entities, targeting organizations involved […]
Catenaa, Monday, February 17, 2025 – European shares led by defence stocks rose to record highs on Monday, as the top political leaders of the region called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security. The pan-European STOXX 600 index jumped as high as 0.4%, as a […]
Catenaa, Thursday, May 22, 2025-Vladimir Smerkis, former head of Binance Russia division and co-founder of crypto trading app Blum, has been arrested in Moscow in connection with a major fraud case, Russian state media reported Sunday. According to TASS, the Zamoskvoretsky District Court approved a request from investigators to detain Smerkis. The nature and scale […]
Catenaa, Tuesday, April 01, 2025- Russian energy giant Gazprom launched blockchain-powered “digital financial assets” (DFAs) on Monday, marking a major step in the country’s growing tokenized finance sector. Gazprombank, the company’s banking arm, issued 2 billion rubles ($23.5 million) worth of DFAs via the Moscow Exchange. Each tokenized asset is valued at 1,000 rubles ($11.77) […]
Catenaa, Friday, May 30, 2025- A Microsoft subsidiary in Russia has plan to file for bankruptcy, an official note said on Friday, as sanctions and the Ukraine war impact on western brands bite in. A note published on the official Fedresurs registry said Microsoft Rus LLC was intending to declare bankruptcy. Russian President Vladimir Putin […]
Catenaa, Friday, March 14, 2025-Russia is increasingly using cryptocurrencies in its oil trade with China and India, leveraging digital assets to streamline cross-border transactions, according to report filed by the Reuters said. While Russia has encouraged crypto adoption and passed legislation allowing digital payments in international trade, this is the first time its use in […]
Catenaa, Tuesday, February 18, 2025 – Russia and Iran are increasingly using cryptocurrency to bypass Western financial sanctions, with sanctioned entities receiving $15.8 billion in crypto in 2024, according to a new report from blockchain analytics firm Chainalysis. The report, shared with Cryptonews, found that sanctioned jurisdictions accounted for nearly 60% of crypto-related sanctions activity […]
Catenaa, Saturday, March 01, 2025-Russia power grid operator Rosseti Group, reported losses exceeding 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized cryptocurrency mining, which has strained the country’s energy infrastructure. The most severe impact was recorded in the North Caucasus, where illegal mining caused losses of over 600 million rubles. In Novosibirsk, authorities […]
Catenaa, Thursday, May 22, 2025-Russia’s Central Bank is set to introduce new crypto regulations that experts say will effectively ban trading of Tether’s USDT stablecoin within the country. The rules, which come into force May 26, target coins linked to “hostile” countries imposing sanctions on Russia, a classification that includes the US and its allies. […]
Catenaa, Thursday, March 06-Russia Finance Ministry has stated it has no immediate plans to establish a national cryptocurrency reserve but could reconsider if the country’s National Welfare Fund (NWF) reaches a liquidity level of 7-10% of GDP. Deputy Finance Minister Vladimir Kolychev said the ministry currently deems crypto assets too volatile for inclusion in the […]
Catenaa, Thursday, May 06, 2025-Russia top anti-money laundering agency is pushing to impose criminal penalties on illegal cryptocurrency mining, aiming to curb its use in laundering illicit funds, officials said last week. The Federal Financial Monitoring Service, known as Rosfinmonitoring, has drafted a proposal with backing from the Finance Ministry and the Central Bank. The […]
Catenaa, Thursday, April 24, 2025-Russia Central Bank and Finance Ministry will launch a state-sanctioned cryptocurrency exchange for “highly qualified investors,” signaling a major shift in the country’s approach to digital assets, local news agency Interfax reported Wednesday. The exchange will operate under an experimental legal regime designed to increase transparency and set industry standards, Russian […]
Catenaa, Wednesday, January 29, 2025 – Rosseti, Russia’s largest energy provider, announced plans to launch cryptocurrency mining operations, aiming to repurpose underutilized power supply centers to support Bitcoin mining. The move marks a significant shift for the state-owned firm, which previously targeted illegal mining activities. According to TASS, Rosseti seeks government approval to coordinate crypto […]
Catenaa, Sunday, February 09, 2025 – Irkutsk Governor Igor Kobzev has called for a permanent ban on cryptocurrency/crypto mining in the energy-strained Russian region, escalating restrictions initially imposed for the winter season. Speaking at a Legislative Assembly meeting, Kobzev urged Moscow to extend the mining suspension through 2031, citing ongoing energy shortages. The region, a […]