Russian crypto exchange Livecoin to shut shop after December hack

Russia-based, hacked crypto exchange Livecoin has decided to close its operations and has asked all its customers to begin withdrawing their funds according to a new announcement. Through a new do The post Russian crypto exchange Livecoin to shut shop after December hack appeared first on AMBCrypto.

Crypto Exchange Livecoin Closes After Alleged Hack

Russian crypto exchange Livecoin has announced that it is stopping services after being hacked last month.

After alleged hack, Russian crypto exchange Livecoin shuts down

Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020.

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins.

Russian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchain Pact

The technology is aimed at tracing commodity flows in near real-time and cut paperwork.

Associated Gas Pilot Could Lead to Huge Boon for Russian Bitcoin Miners

Russian Bitcoin (BTC) miners could be in for a massive, unexpected environmentally friendly windfall if a pilot leads the nation’s energy giants to embrace crypto mining en masse. Further details have been unveiled about a plant operated by the oil arm of Gazprom, Gazprom Neft, which late last year invited miners to set up shop at an oilfield in the Khanty-Mansi

Russian Contract Killers Take Crypto as Payment, Say Investigators

Russia’s Investigative Committee has already encountered cases where cryptocurrencies were used to pay for a contract killing.

Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

The world’s largest producer of palladium and high-grade nickel is joining a multi-stakeholder initiative that uses blockchain technology. "Mining" may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and high-grade nickel and a large producer of platinum and copper — has joined an initiative called the Responsible Sourcing Blockchain Network, according to an announcement published on Jan.

Bitcoin bubble will pop sooner or later, says famous Russian BTC critic

Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method. Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan.

Association of Russian Banks cites risks associated with digital ruble

Digital currency plans across nations seem to be drawing out concerns from a host of commercial banks.

Digital ruble could be still vulnerable to fraud, Russian banks warn

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan.

Huobi Global now supports ruble deposits and withdrawals

Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble. Major global cryptocurrency exchange Huobi is introducing Russia’s national fiat currency on its trading platform. According to a Jan.

Huobi Now Supports RUB Deposits and Withdrawals, Announces Crypto Purchase Campaign

The global crypto exchange leader, Huobi has announced support for the Russian ruble (RUB) allowing users to deposit and withdraw the new fiat currency on their platform.

Russian Banks Given Power to Freeze or Block Crypto-linked Accounts

New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities. The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to the existing banking code, stating that if they detect evidence signs of the

Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices

The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity.