Crypto

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Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe

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Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from the Main Investigative … Read more

Sideways Trading for Bitcoin and Ethereum Continues as Global Crypto Market Remains Below $1 Trillion

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Cryptocurrency markets continue to trade sideways this week after last weekend’s correction. While support for major digital assets like BTC and ETH holds, the global crypto market remains below the $1 trillion range, suggesting that the bears are still in control. August has been a weak month for BTC and ETH markets, as Bitcoin failed … Read more

Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments

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Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The top government official also called for increasing the use of the ruble for international settlements. Head of Russian Government Sees Digital Assets as Tool Ensuring ‘Uninterrupted Payments’ Digital assets can become an alternative to traditional … Read more

Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say

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Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals. Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles Data centers mining cryptocurrencies … Read more

Fugitive Founder of Turkish Crypto Exchange Thodex Arrested in Albania

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Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over to Turkish Judiciary Police … Read more

Bitcoin and Ethereum Prices Continue to Recover After Weekend’s Correction, BTC at $20.3K, ETH Trading Above $1,550

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After trading at the $21k and $1,600 levels last week and crashing to the $19k and $1,400 range over the weekend, Bitcoin and Ethereum prices are recovering once again. This Tuesday, Bitcoin’s price is up 3%, trading back above $20k, while Ethereum is up 9%, trading at $1,584. With a significant rise in the 24-hour … Read more

Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend

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An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand. Russian Crypto Scams Launch Offices to Lure More Investors In-person, Bank of … Read more

Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash

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The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to … Read more

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