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Russia elevates AI over Bitcoin with impending ban on data center mining

Russia elevates AI over Bitcoin with impending ban on data center mining

Anticipating growing demand for computing power to meet the needs of digitalization and artificial intelligence, Russia is now going to ban cryptoc...
Russia to Block Data Processing Centers from Mining Crypto with Cheap Power

Russia to Block Data Processing Centers from Mining Crypto with Cheap Power

The Russian government is poised to ban domestic data processing centers from mining crypto if they use subsidized power. The post Russia to Block ...
Ukraine sanctions 60 crypto companies for aiding Russia

Ukraine sanctions 60 crypto companies for aiding Russia

Ukraine has sanctioned 60 crypto companies, including 55 Russian entities, for helping Russia move funds in crypto assets.
Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks to crack down on illegal mining and boost tax...
President Putin blames energy deficits for the creeping ban on crypto mining across Russia

President Putin blames energy deficits for the creeping ban on crypto mining across Russia

President Putin of Russia has blamed growing energy deficits caused by the booming minting of digital currencies for a creeping ban on crypto minin...
Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Rostec has announced the upcoming RUBx stablecoin on the TRON blockchain with the RT-Pay system. Supported by ruble-denominated obligations and Cer...
Bank of Russia governor insists buying Bitcoin is not on its agenda

Bank of Russia governor insists buying Bitcoin is not on its agenda

The Bank of Russia is not considering investments in cryptocurrencies, its governor has indicated, despite Bitcoin reserves gaining popularity with...
Sanctioned tech behemoth Rostec launches Tron stablecoin, hopes it will be listed by major exchanges

Sanctioned tech behemoth Rostec launches Tron stablecoin, hopes it will be listed by major exchanges

Russian defense and technology conglomerate Rostec has created a digital token pegged to the ruble and developed a proprietary payment platform. Th...
Underground Crypto Mining Farm Raided in St. Petersburg as ‘Crypto Trading Scam’ Sweeps Russia

Underground Crypto Mining Farm Raided in St. Petersburg as ‘Crypto Trading Scam’ Sweeps Russia

Russian police have shut down an illegal crypto mining farm found operating in an industrial zone in St. Petersburg, as the internal affairs minist...
Russia’s digital ruble pilot hits 100,000 transaction milestone

Russia’s digital ruble pilot hits 100,000 transaction milestone

Transactions with the digital ruble have reached 100,000 since the Bank of Russia started testing its new currency almost two years ago. The stats ...