Category: state-owned

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Russia’s Largest Bank Caught Employees Mining For Crypto

Russia’s largest bank, the state-controlled Sberbank, has reiterated that it is not mining cryptocurrencies. However, the bank says that it has often caught its employees crypto mining using the bank’s equipment. Also read: Japan’s DMM Bitcoin Exchange Opens for...

Venezuela’s Oil-Backed Cryptocurrency Declared Illegal

The Venezuelan parliament has declared the oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country’s Constitution. Maduro’s decree to create the national cryptocurrency, the petro, has been declared null and void. Also read:...

Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017

The South Korean government has for the first time obtained data of the total amount of fiat deposits made at cryptocurrency exchanges. At the end of last year, the amount of deposits was 64 times higher than in...