sanctions

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US citizen faces criminal prosecution for sending Bitcoin to country sanctioned by Washington

16 May 2022 1 minute read 1 comment Kovichni

I remember when I first heard of the US intending to "shut down" particular components of crypto, which resulted in them blocking it's citizens from certain exchanges and forbidding them to partake in ICOs. This was when/why that Binance US version e...

Study finds that Bitcoin is practically useless to sanctioned Russian billionaires, but there's one crucial flaw to this report

19 Apr 2022 4 minute read 4 comments Kovichni

First off, what's with the term "oligarch" many articles like these use all the time? Why are rich people from certain countries "oligarchs" while those in other countries are labeled "successful entrepreneurs" or "lobbyist"? But wait, they are chang...

Russian's Workaround for Sanctions - United Arab Emirates (UAE) - News Brief

13 Mar 2022 2 minute read 1 comment kev_nag

The UAE has previously claimed it is not siding with either Western allies or Moscow. UAE presidential adviser Anwar Gargash late last month said the Gulf state “believes that taking sides would only lead to more violence,” and that the UAE’s focus...

The (Meta)Masks are Falling: Accounts from Iran and Venezuela locked out of top ETH "decentralized" app OpenSea and MetaMask

13 Mar 2022 3 minute read 10 comments Kovichni

What's going on here, first DuckDuckGone and now this? Are all these "hey come support us so we can grow and be better than the established big tech" startups just as bad as the rest? It's almost as if all they needed was a large client base and enou...

FBI Director Wray - Russia's Ability to Circumvent Sanctions with Crypto 'Overestimated' (News Brief)

11 Mar 2022 1 minute read 0 comments kev_nag

In a Meeting of the US Senate Select Committee on Intelligence yesterday morning (March 10, 2022), Senator Martin Heinrich (D-N.M.) inquired of FBI Director, Christopher Wray whether Russia could escape the effects of sanctions (particularly the bann...

Russian Oil Sector is Not Afraid of Sanctions. But Why?

10 Mar 2022 2 minute read 1 comment Sir Loin

Western politicians have been making ominous statements about abandoning Russian oil or replacing Russian gas with American LNG. In reality, all this is just populist political statements that have nothing to do with the real situation. Oil. “Rosneft...

Big exchanges not confiscating Russian citizens' crypto, Libya warlord Hillary very "disappointed" so US based Coinbase caved in

8 Mar 2022 1 minute read 0 comments Kovichni

"I was disappointed to see that some of the so-called crypto exchanges, not all of them, but some of them, are refusing to end transactions with Russia". Ah yes, if there's anyone who'd we hate to disappoint it's the witch who co-destroyed Africa's p...

Do Big Companies Really Leave Russia?

8 Mar 2022 1 minute read 4 comments Sir Loin

Everyone is over-concerned about the macroeconomic effect of the redistribution of trade relations against the backdrop of sanctions against Russia. However, I would like to look at the situation on a slightly different scale. What is happening there...

Ya Gotta Chuckle...Elon Musk Calls for Increased Oil and Gas Production (Plus More...)

5 Mar 2022 3 minute read 4 comments kev_nag

Okay, so the irony of this is rather humorous! Clearly, Musk is more known for the position: Photo Source But nonetheless, yesterday (March 4, 2022), Musk took to Twitter and proclaimed: “Hate to say it, but we need to increase oil & gas output immed...

Russian Crypto Transactions Volume Falls 50% Across Major Markets

4 Mar 2022 1 minute read 0 comments kev_nag

Russian denominated crypto trading volume has significantly fallen since the imposition of sanctions. This fact tends to debunk the theories of certain ‘experts’ that cryptocurrency would be the go-to vehicle for Russians to circumvent said sanctions...