As global payment systems face pressure to become faster, cheaper, and less dependent on legacy intermediaries, attention is returning to blockchain-based alternatives. …
Russias
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Russia is now offering preferential treatment for data centers involved in AI development, including reduced electricity rates, state funding, and tax breaks. …
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Russia’s tax authority is now applying for the bankruptcy of a BitRiver subsidiary responsible for a massive and unsuccessful project believed to …
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In a significant move for global finance, Russia has announced a strategic pivot to deploy its central bank digital currency, the digital …
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Mining
The Architect of Russia’s Cryptocurrency Law Makes a Surprising Statement About Bitcoin’s Future! “Eventually, BTC…”
by shayaanby shayaanAnatoly Aksakov, chairman of the State Duma’s Financial Markets Committee and known as one of the architects of cryptocurrency regulation in Russia, …
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Markets
Russia’s largest bank, Sberbank, prepares to issue crypto-backed loans
by shayaanby shayaanRussia’s biggest bank said it plans to offer loans secured by cryptocurrency following a pilot deal with a mining firm, with legislation …
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The biggest Bitcoin mining facility in Russia, BitRiver, has found itself in an expanding legal and financial crisis that is currently throwing …
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MOSCOW, RUSSIA – In a significant move toward mainstream digital currency adoption, the Russian government announced plans this week to integrate its …
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Mining
Russia’s Largest Bitcoin Miner BitRiver Enters Bankruptcy Proceedings: Report
by shayaanby shayaanBitRiver, Russia’s largest Bitcoin miner, is on the verge of collapse amid mounting financial and legal problems. Courts have placed its parent …
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Russia’s communications watchdog Roskomnadzor has blocked access to the country’s largest crypto aggregator platform. The Russian telecoms watchdog Roskomnadzor has blocked access …