The bitcoin mining ban imposed by Russian authorities has helped reduce the load on the Siberian power grid, thereby avoiding potential power …
Russian
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Mining
Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
by shayaanby shayaanRussian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network …
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Mining
Russian energy giant Rosseti faces $14.2 million loss from illegal crypto mining
by shayaanby shayaanRussian energy provider Rosseti reportedly saw a significant financial hit due to illegal crypto mining in 2024, with losses amounting to approximately …
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Mining
Russian Bitcoin miners fear new mining registry could lead to security breaches
by shayaanby shayaanRussian Bitcoin miners are concerned about a government mandate requiring wallet addresses to be included in a national registry. Russian lawmaker Anton …
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Finance
Russian State Duma Profiles Digital Ruble as a Sanctions-Sidestepping Tool
by shayaanby shayaanThe Russian State Duma is considering using the digital ruble to maintain transparency in public spending and to sidestep sanctions. Deputy Chairman …
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Mining
Russian Grid Operator Rosseti Eyes Crypto Mining to Power Up Underused Plants
by shayaanby shayaanRosseti, Russia’s electric grid operator, is exploring crypto mining to utilize electricity from power plants with low consumption. This could involve building …
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Key Takeaways Rosseti Group is exploring cryptocurrency mining opportunities at underutilized power centers. The company aims to coordinate mining infrastructure deployment and …
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Regulation
Russian Sentenced to Seven Years in Prison for Sending Crypto Assets to Ukrainian Military: Report
by shayaanby shayaanAn employee of a diamond mining company in Russia was reportedly sentenced to seven years in prison for providing financial assistance to …
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Regulation
Russian man sentenced to 7 years in prison for sending crypto to Ukrainian armed forces
by shayaanby shayaanA Russian citizen from Yakutia has been sentenced to seven years of prison for funding the Ukrainian Armed Forces by sending cryptocurrencies …
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Regulation
Russian Founders Indicted for Operating Crypto Mixers Linked to Money Laundering
by shayaanby shayaanA federal grand jury has indicted three Russian individuals for running Blender.io and Sinbad.io, two crypto-mixing services reportedly used for money laundering. …