Financial Industry News
The Russian government is considering a proposed project to mine crypto using Associated Petroleum Gas (APG). Local oil and gas companies in Russia want to operate crypto mining farms on their oil rigs using APG to generate power. Deputy head of Russia’s Ministry of Industry and Trade, Vasiliy Shpak, presented the proposal to the Ministry […]
Continue ReadingDifficulty in Bitcoin mining jumps the second time following the mid-July dip as the ecosystem recovers continuously. The Bitcoin mining ecosystem witnesses a mining difficulty that increased after China reported a crackdown facing the mining operations. The peak of the crackdown resulted in a global hash rate of up to three-quarters. BTC.com’s latest data reveals […]
Continue ReadingA crypto industry association in Russia has launched a project with the target of attracting Bitcoin miners to the nation. Russian Crypto Industry Association Aims To Attract Miners As China’s crackdowns on crypto mining continue, miners have been migrating out of the nation in hordes. They have been on the search for other more favorable […]
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Continue ReadingAs massive protests sweep across the nation, activists fear Russia has been deploying facial recognition technology to clamp down on dissent. Following nationwide protest rallies on Jan. 31, several people reported on social media they were detained by the police after subway and street surveillance cameras recognized them as protesters. Countries all over the world […]
Continue ReadingThe standoff between Russia President Vladimir Putin and his main opponent, Alexey Navalny, rose to a new level last week – and so did bitcoin donations to the dissident. Navalny, a Russian politician and vocal critic of Putin, is also a successful bitcoin fundraiser in Russia, receiving 657 BTC in donations over the past five […]
Continue ReadingRussia’s Ministry of Labor has informed officials of federal and local government bodies that they are prohibited from owning cryptocurrency and must dispose of any holdings. A document, published on the Ministry’s website and dated December 16, 2020, indicates the directive is aimed at preventing corruption. The news was first reported by Russian crypto news […]
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