Russia to Adopt Crypto Legislation Within Two Weeks: Deputy Finance Minister

Russia’s parliament, the State Duma, will adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks, according to a local senior finance official. The news was reported by Russian government-backed news agency TASS on June 19.Russia’s deputy finance minister, Alexei Moiseev, revealed that the State Duma is currently considering…

Russia Is Getting Serious About Blockchain, but Remains on the Fence About Cryptocurrencies

Last week, an annual forum featuring Russia’s top people from the economic sector was held in St. Petersburg, and cryptocurrencies were a hot topic there. Notably, government agents and state-controlled businesses were vocal about their interest in blockchain, but seemed to distance themselves from digital tokens.Meanwhile, the regulatory framework for cryptocurrencies is still missing in…

Community First: One Protocol’s Plan to Give Users a Seat at the Governance Table

A “next-generation” mobile payment protocol has unveiled new features — including “incentives” for users who own and run the nodes that perform vital roles on its network, including the verification of transactions.Crypto.com says the new program is a result of a partnership with Allnodes, which is offering its hosting services for the platform. Users who…

FATF to Release New Rules for Global Crypto Sector, Impacting Exchanges, Funds, Custodians

On June 21, the Financial Action Task Force (FATF) will reportedly publish a note clarifying how participant nations should exercise oversight for the digital assets sector, according to FATF spokeswoman Alexandra Wijmenga-Daniel. The news was reported by Bloomberg on June 12.Per Bloomberg, the new rules will apply to a wide gamut of businesses dealing with…

Vast Majority of DApps for Finance Built on Ethereum Blockchain

Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6.Number of DApps per blockchain, courtesy of Binance ResearchAccording to the report, DeFi can be thought of as the following:“An ecosystem comprised of applications built on decentralized networks, permissionless blockchains, and peer-to-peer protocols…

Bitcoin Reclaims $8K as Coins See Green, Experts Warn of Ominous Stock Market Volatility

Friday, June 7 —  after recent shaky sentiment, the crypto markets are today back firmly in the green, with bitcoin (BTC) breaking back above the $8,000 mark, as Coin360 data shows.Market visualization courtesy of Coin360Having bullishly surged above the psychological price point of $9,000 in May, bitcoin has since seen significant corrections — briefly trading…

Trend Micro Detects Major Uptick in New Strain of XMR Malware Targeting China-Based Systems

Cybersecurity firm Trend Micro has detected a major uptick in monero (XMR) cryptojacking malware targeting China-based systems this spring. The news was revealed in an official Trend Micro announcement on June 5.As previously reported, cryptojacking is an industry term for stealth crypto mining attacks that work by installing malware that uses a computer’s processing power…

Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30.A ransomware attack involves the infection of a target with malware and the demand of a ransom payment — frequently…