Russia

Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners

<div class=”featured_image_container”> </div> <strong>The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. </strong> Abkhazia Wants to Create Conditions for …

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Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments

<div class=”featured_image_container”> </div> <strong>In line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s stock exchanges. The “preventive measure” will not affect state-issued digital currencies. </strong> Bank of Russia Worried About Common Investors’ Exposure to Crypto …

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CIA officer from bin Laden hunt to lead Havana Syndrome probe as cases rise

Enlarge / Picture of the US embassy in Havana, taken on October 3, 2017. Getty | YAMIL LAGE An undercover Central Intelligence Agency officer who helped hunt down Osama bin Laden will now lead the agency task force charged with investigating the mysterious health incidents that continue to plague US personnel, according to a report …

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Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume

<div class=”featured_image_container”> </div> <strong>An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. </strong> Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association …

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University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

<div class=”featured_image_container”> </div> <strong>After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate …

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Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver

<div class=”featured_image_container”> </div> <strong>During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it has signed a hosting agreement with the Russian-based firm Bitriver as the company will leverage 15 megawatts (MW) of Bitriver’s capacity for …

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Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs

<div class=”featured_image_container”> </div> <strong>The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations. </strong> Hermitage Museum in Talks …

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Bank of Russia to Study Risks of Crypto Investing With Banks and Payment Providers

<div class=”featured_image_container”> </div> <strong>The Central Bank of Russia (CBR) has set out to examine the risks associated with cryptocurrency investments. The regulator is going to conduct a dedicated study with the participation of major banks and payment processors operating in the Russian market. </strong> CBR Adds Crypto to Its Survey Program for 2021 Russia’s central …

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French Court of Appeals Upholds Alexander Vinnik’s Sentence

<div class=”featured_image_container”> </div> <strong>A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.S. </strong> Court Confirms Vinnik’s 5-year Sentence for Money Laundering The Court …

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Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin

<div class=”featured_image_container”> </div> <strong>Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country.</strong> Billionaire Oleg Deripaska is the founder of Basic Element, a Russian industrial group focusing in …

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