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Russia

At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

<header class=”article__header”> </header> <strong>In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession.</strong> Also Read: Money …

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New clues show how Russia’s grid hackers aimed for physical destruction

Enlarge Joshua Lott/Bloomberg via Getty Images For nearly three years, the December 2016 cyberattack on the Ukrainian power grid has presented a menacing puzzle. Two days before Christmas that year, Russian hackers planted a unique specimen of malware in the network of Ukraine’s national grid operator, Ukrenergo. Just before midnight, they used it to open …

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Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated

<header class=”article__header”> </header> <strong>Three months ago, Bitcoin.com launched its over-the-counter <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> marketplace on June 4. Since then, Local.Bitcoin.com has aggregated more than 56,000 accounts, hundreds of bustling users every day and thousands of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> trade offers.</strong> Also Read: Plans to Build $50M Bitcoin Cash Tech …

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Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered

Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco. Recover losses on behalf of Mt. Gox victims On Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the Moscow law firm outlined …

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Alfa-Bank Launches Bank-as-a-Service Platform on Waves Blockchain

Alfa-Bank and X5 Retail Group partnered to launch a blockchain liquidity management service in Russia. According to a press release published by the bank on Sept. 12, the service — dubbed Distributed Treasury and Cash Management (DTCM) — enables Alfa-Bank’s corporate clients to manage their payments, loan and deposit products, as well as liquidity pool …

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Russia accuses Facebook, Google of violating political ad laws

Sponsored Links AP Photo/Pavel Golovkin Russia is once again butting heads with internet giants over their political advertising. Communications regulator Roskomnadzor has accused Facebook and Google of allowing political ads during regional elections on September 8th despite being a ban on running ads both during the vote and the day before. Officials reportedly warned the …

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NYU report lists likely social media disinformation tactics for 2020

Sponsored Links Karl Tapales via Getty Images The 2020 US presidential election will serve as the ultimate test for social media platforms like Facebook and Twitter to prove they can combat fake news. But could they be fighting the last war? A report released by NYU’s Stern Center for Business and Human Rights argues that …

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Bitcoin Mining Farms Are Flourishing on the Ruins of Soviet Industry in Siberia

The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of the USSR) have lured miners with cheap electricity. The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing …

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

<header class=”article__header”> </header> <strong>Tether Holdings, the firm that issues tether (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener noreferrer”>USDT</a>), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent …

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Crypto Salaries Gain Regulatory Recognition Around the World

</header> <strong>Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation.</strong><strong> Switzerland, New Zealand, Japan and Estonia are …

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