Russia

Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices

<div class=”featured_image_container”> </div> <strong>The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at …

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Bucking Trump, NSA and FBI say Russia was “likely” behind SolarWinds hack

Enlarge / Side view of colorful St. Basil’s Cathedral in Moscow on Red Square in front of the Kremlin, Russia. Getty Images Hackers working for the Russian government were “likely” behind the software supply chain attack that planted a backdoor in the networks of 180,000 private companies and governmental bodies, officials from the US National …

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SolarWinds hack may have been much wider than first thought

REUTERS/Sergio Flores The scope of the SolarWinds hack keeps growing. The New York Times has conducted interviews indicating that the allegedly Russia-backed campaign was much further-reaching than initially believed. Where the intruders allegedly scouted ‘just’ a few dozen government and corporate networks, it now looks like up to 250 networks fell victim to the hack. …

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Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor

<div class=”featured_image_container”> </div> <strong>The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant.</strong> Digital Currencies Could Challenge SWIFT System, Even Replace It According to Olga …

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The pandemic year ends with a tokenized carbon cap-and-trade solution

It has been a blazing start to a new decade, with 13% more large, uncontrolled wildfires around the world this year compared with 2019. This has spelled dire consequences for CO2 levels, which have made worse a terrible COVID-19 pandemic that has led to unprecedented worldwide lockdowns that have rapidly pushed the economy toward digitization. …

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Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins

<div class=”featured_image_container”> </div> <strong>One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore.</strong> Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to the announcement, Norilsk Nickel (known as Nornickel) said the issuance of the digital coins …

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Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

Cryptocurrency exchange Livecoin has suffered what it called a “carefully planned attack.” The Russian exchange said in a web post it has “lost control of all of our servers, [backend] and nodes” and pleaded with clients to cease making deposits, trading or interacting with the exchange. “We were not able to stop our service in …

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Russia’s hacking frenzy is a reckoning

Enlarge / The attack hit multiple US agencies—and a full assessment of the damage may still be months away. Andrew Harrer | Bloomberg | Getty Images Last week, several major United States government agencies—including the Departments of Homeland Security, Commerce, Treasury, and State—discovered that their digital systems had been breached by Russian hackers in a …

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Russia’s central bank digital currency: Prospects and problems

Active digitalization of large domestic financial institutions is a noticeable, definitely positive trend. Russia is one of the five world leaders in the speed of transition to cashless payments, and the number of contactless transfers and payments are increasing every year. Such active development requires changes in legislation, and inevitably, many specialists and representatives of …

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P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

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