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Russia has confiscated $10 million in Bitcoin from former Investigative Committee official Marat Tambiev, convicted in a historic bribery case involving 2,718 BTC valued at approximately $258 million. The seizure, representing only 4% of the total bribe, was executed through his hardware wallet, revealing connections to the hacker group Infraud Organization. Tambiev was sentenced to 16 years in prison, with the confiscated assets contributing to state revenue.
BRICS nations, particularly Iran and Russia, are increasingly moving away from the US dollar in trade, driven by economic sanctions and geopolitical shifts. Over 90% of Russia's trade with China and India is now conducted in national currencies, with a currency agreement between Iran and Russia eliminating dollar use. Despite the dollar's dominance, the momentum for de-dollarization among BRICS and its partners suggests a potential shift in global financial power dynamics.
Bitz Crypto Casino has emerged as a premier destination for crypto gambling, boasting over 3000 games, including live dealer options and a sportsbook for various sports and esports. With a user-friendly interface, robust security measures, and a wide range of deposit methods, it caters to both crypto enthusiasts and traditional players. Despite some regional restrictions, its innovative technology and enticing promotions make it a compelling choice for modern gamblers.
The Czech National Bank's governor, Aleš Michl, has proposed considering Bitcoin as a potential diversification strategy for the country's foreign exchange reserves, signaling a growing interest in cryptocurrency among governments. This follows a global trend, with countries like Switzerland and Russia exploring Bitcoin's role in their reserves to enhance economic stability and reduce reliance on the US dollar. Prominent figures, including Donald Trump and Senator Cynthia Lummis, advocate for Bitcoin's inclusion as a strategic asset, highlighting its finite supply as a hedge against inflation.
In 2023, Delaware saw nearly 300,000 new companies established, while South Dakota trusts' managed assets nearly doubled to $680 billion. The U.S. faces criticism for its lax anti-money laundering measures, with significant funding from the U.S. government raising concerns about the independence of the Organized Crime and Corruption Reporting Project (OCCRP), which has exposed financial misconduct linked to Swiss banks.
U.S. stock index futures fell sharply amid fears of a government shutdown and shifting interest rate expectations, as Congress struggles with President Trump's spending bill. The Federal Reserve has raised its inflation forecast for 2025, contributing to market volatility.In Russia, the central bank maintained its key interest rate at 21%, surprising markets that expected a hike. This decision aims to combat inflation, currently at 9.5%, while facing criticism from business leaders who argue that high rates hinder investment in a strained economy.
A Geneva trader, Niels Troost, has been sanctioned by the EU for his involvement in Russian crude oil transactions through a Dubai subsidiary of Paramount Energy & Commodities SA, with asset freezes imposed. Troost, who denies the allegations, was previously sanctioned by the UK in February. In other news, negotiations between Switzerland and the EU are expected to conclude today, while ETH Zurich has fired professor Thomas Crowther following allegations of inappropriate behavior. Additionally, a report on the Credit Suisse crisis is set to be presented by the Parliamentary Commission of Inquiry.
Raiffeisen banking group faces significant risks due to its Russian operations and loans to René Benko's SIGNA, with potential total losses threatening its stability. The European Central Bank is closely monitoring the situation, fearing a chain reaction that could impact regional banks. Sanctions from the US and the possibility of Russian nationalization further complicate the bank's future, as it struggles to transfer trapped profits from its Russian subsidiary.
Several countries are exploring the establishment of national Bitcoin reserves, reflecting a growing trend in cryptocurrency adoption. In Japan, lawmaker Satoshi Hamada has proposed a discussion on a Bitcoin reserve, while Texas and Pennsylvania are considering similar initiatives. Brazil's government aims to allocate 5% of its international reserves to Bitcoin, and Poland's presidential candidate Sławomir Mentzen advocates for a strategic reserve and crypto-friendly regulations. Russia is also revisiting the idea of a national Bitcoin reserve amid recent legislative changes supporting digital assets.
A Japanese lawmaker, Satoshi Hamada, has proposed the creation of a national Bitcoin reserve, submitting a formal request to the National Diet. This initiative follows similar proposals from lawmakers in countries like Russia, Brazil, and the U.S., amid Bitcoin's recent surge to over $103,000. While Hamada's party holds limited seats, support from influential figures like Yuichiro Tamaki may bolster the proposal's chances.
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Russia confiscates 10 million dollars in Bitcoin from bribery case official
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