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CRYPTOCURRENCY, WEAPONS AND BRIBERY FUNDS: THE STATE DUMA ADOPTS A NUMBER OF BILLS IN THE FIRST READING

... by the court as extremist or terrorist may soon be approved. At the same time, the ban applies not only to the organizers and participants of such organizations, but also to those who provided companies with financial and ‘other’ kinds of assistance. Cryptocurrency Bill The bill obliges election candidates to report on transactions for the acquisition of cryptocurrency. They will need to provide information not only about the costs, but also about the sources of funds for the purchase of digital money....

BITTREX CRYPTO EXCHANGE DECLARED BANKRUPTCY IN THE USA

After ceasing operations in the United States, Bittrex Inc. filed for bankruptcy in the Delaware County Court. The application was submitted on May 8. In the document, the cryptocurrency exchange reports that it has assets and liabilities in the range of $0.5 billion to $1 billion. The "daughters" of the exchange will also be involved in the bankruptcy process: Bittrex Inc. (Seattle), two firms in Malta and Desolation ...

THE LARGEST US CRYPTO BANK ANNOUNCED LIQUIDATION

One of the largest banks in the United States working with cryptocurrency, Silvergate Bank plans to liquidate. This was announced by the parent company Silvergate Capital Corporation. The firm stated that the voluntary liquidation of one of the largest banks in the cryptocurrency market would be the most appropriate ...

BANKRUPTCY OVERTOOK THE VOYAGER DIGITAL CRYPTO-LENDER

... payments. It is worth noting that many of the recent problems of the crypto industry can be traced to the example of the loud fall of the TerraUSD stablecoin in May. As a result, the stablecoin lost almost all of its value along with its paired token. Cryptocurrency prices began to fall at the end of last year on expectations that the Fed would take a softer stance on the inflation outlook, and rising interest rates hurt the industry and its prospects. Bitcoin, the largest and most well-known cryptocurrency,...

Stolen crypto assets worth a billion rubles were arrested in Russia for the first time

The decision of the St. Petersburg District Court for the first time allowed the investigation to arrest the digital assets of a citizen suspected of theft. The court concerned Ethereum cryptocurrency (“ether”, ETH), placed on 24 wallets. Considering that the very concept of “digital currency” is still missing in the legislation of the country, the court decision called crypto money “other property”. Sources say that the accused managed ...

Fraudsters’ attacks: the number of financial pyramids in Russia has increased 4 times

... the Central Bank of the Russian Federation on their websites. About 60 companies actually issued loans, disguising their activities as a leaseback. A significant number of fraudsters identified by the Central Bank of the Russian Federation either uses cryptocurrency assets directly in their activities, or, without actually having them, mentions this in their advertising. Inexperienced citizens, begin to believe organizations that offer to ‘mine crypto’ through mobile devices, due to a lack of financial ...

IMF urges El Salvador to abandon bitcoin

The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment. Due to the legality of cryptocurrency, the IMF refused to issue the country a large loan. The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment. Due to the legality of cryptocurrency, the IMF refused to issue ...

Control over circulation of cryptocurrencies in Russia may be transferred to banks

The day before, the Ministry of Finance came up with an initiative to regulate activities in the field of cryptocurrency trading. The department made a proposal not to introduce a complete ban on operations, but to provide legislative tools for regulating and controlling the industry. It was not easy to decide the fate of cryptocurrencies in Russia. The ...

74 countries are at risk of bankruptcy due to the pandemic

... military the opportunity to control the sale of rice and sugar at special prices. But this did not solve the problems of poor citizens. Ghana, Tunisia and El Salvador are also at risk of default. According to the Banksta telegram channel, the experience of cryptocurrency trading conducted by the President of El Salvador was unsuccessful. It is assumed that this could have caused $11 million in damage to the budget. Bitcoins purchased for $71 million are currently worth about $60 million. Experts note that ...

Tesla started selling goods for Dogecoin

... cryptocurrencies, they will not be returned to them, and the sale operation itself will not take place. Not all Tesla products can be purchased for Dogecoin, but only those marked with a special sign on the company’s website. At the same time, purchases for cryptocurrency are not subject to return, cancellation and exchange for cash. If the buyer mistakenly transfers more Dogecoin than necessary, then the difference will not be returned to him. The company also urged buyers to carry out cryptocurrency transactions ...

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