Russia

Russian court order removes Binance website from regulator’s blacklist

The website of the world’s largest cryptocurrency exchange, Binance, is no longer formally blacklisted in Russia, according to a new court ruling. According to a Jan. 21 report by Russian news agency Kommersant, the Arkhangelsk Regional Court has annulled a previous decision to blacklist the Binance website in Russia. Gleb Kostarev, Binance’s head of operations …

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A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

<div class=”featured_image_container”> </div> <strong>A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates …

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Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

“Mining” may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and …

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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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