BitRiver Founder Igor Runets Charged in Russia Over $12.5M Fraud Allegations

·1 views

Igor Runets, the founder of Russian Bitcoin mining firm BitRiver, has been charged with fraud in Russia. Authorities allege he failed to fulfil obligations under a contract worth $12.5 million. Runets has been moved from house arrest to a pre-trial detention facility as the case progresses. The charges mark a significant legal escalation for the prominent figure in Russia's cryptocurrency mining industry.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitcoin ETFs on track for the smallest monthly inflows ever

Your day-ahead look for July 30, 2026

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

South Korea to tax crypto gains above $1,740 starting January 2027

South Korea has announced plans to impose a tax on cryptocurrency gains exceeding approximately $1,740, with the measure set to take effect from January 1, 2027. The decision signals that the government does not intend to delay the policy for a fourth consecutive time. The issue has now moved to parliament, where it is expected to be debated further. The move reflects South Korea's ongoing effort to regulate its significant cryptocurrency market and bring digital asset gains within the formal tax framework.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin holds near $64K as Iran strikes and Fed hawkishness rattle markets

Bitcoin remained steady around $64,000 despite a wave of global market turbulence. Iran launched ballistic missiles, triggering an overnight oil price surge of approximately 8%. The Dow Jones fell 2.2% while the Nasdaq dropped to a three-month low in response. The Federal Reserve added to market unease by signaling that interest rates could still rise further. Crypto's relative stability amid these pressures highlighted its growing resilience as an asset class.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Luno Cuts 20% of Workforce as Automation Grows and Retail Trading Weakens

Crypto exchange Luno has laid off 20% of its employees, citing a push toward automation and a slowdown in retail trading activity. The company is owned by Digital Currency Group (DCG). This marks the second significant round of layoffs for Luno, which previously reduced its workforce by 35% in January 2023 due to difficult market conditions. The latest cuts reflect broader challenges facing retail-focused crypto platforms as trading volumes remain subdued.

0 comments Read more at CoinDesk