The securities commissioner of North Dakota has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order. Continue reading North Dakota Slaps Russian ICO Passing Off as Union Bank AG with Cease and Desist
Major Russian state-owned bank Gazprombank will be conducting pilot cryptocurrency transactions in Switzerland, local news outlet Vedomosti reported March 29. Continue reading Major Russian Bank Looks To Pilot Crypto Transactions In Switzerland
The Russian Association of Crypto-Currency and Block-Finish (RACIB) and industry associations in Korea and China are planning to sue Google, Twitter, Facebook and Yandex for refusing to place cryptocurrency advertising, RACIB head Yuri Pripachkin told the Blockchain RF-2018 congress. The parties intend to file suit in May, Russian publishing giant TASS reports. Continue reading Global Cryptocurrency Groups Plan to Sue Google, Facebook
Four unknown men kidnapped Yury Mayorov, the creator of cryptocurrency PRIZM, Forklog news outlet reported yesterday, Feb. 26. According to Forklog, Mayorov was robbed of $20,000, 300 bitcoins (BTC), and three iPhones. Data on CoinMarketCap shows that PRIZM has a total market cap of around $15.5 mln, and is trading at around $1.04 by press time. According to Mayorov’s own allegations, he was grabbed off of Isakovskogo Street by four men on Feb. 23 at 10:00 pm in Moscow, put into a Mercedes, and beaten while the men drove around the city. The men took the US dollars, which Mayorov had just exchanged for an upcoming trip to India, the iPhones, and his laptop with access to his crypto wallet with 300 BTC, worth a little over $3 mln today. Telegram channel Mash, which originally broke the news of the attack, reported that before the robbers let Mayorov go, they “gave Yury some bright pill and forced him to drink it with vodka,” causing him to go to the hospital before being able to report the incident to the police. Kidnappings and robberies of people involved in cryptocurrencies are becoming more frequent occurrences across Russia and Ukraine.