Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud

Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on FraudA major Russian mining firm is facing legal troubles in St. Petersburg, as three individuals are accusing the company of fraud. Cryptouniverse will now face a trial after a city court issued a criminal case order during the week. A District Court Rejected to Launch a Criminal Case Against the Firm in 2020 According to […]

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Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a ‘Preferred Hotspot’

Russian Crypto Mining Companies Are Expanding Their Capacity as the Country Becomes a 'Preferred Hotspot' for Foreign MinersCrypto mining operations have been witnessing some changes within the industry in terms of locations. A recent interview with the CEO of the mining giant Bitriver, revealed that Russia is becoming a preferred hotspot for crypto miners. Russian Mining Giant to Build Two Additional Facilities to Cope With the High Demand According to Igor Runets, […]

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Massive 70 MW Bitcoin Mining Rig Shipped to Russia

Massive 70 MW-Rig Shipped to Russia Could Power Three Months of Crypto Mining Operations to Entire CountryBig moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country. Delivery Took Place at the End of 2020 According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total power […]

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Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies

Expert Warns on Hackers Targeting Russian Government's IT Infrastructure to Mine CryptocurrenciesA state-affiliate cybersecurity expert warned about hackers exploiting the Russian government’s IT facilities to mine cryptocurrencies. The deputy director of the National Coordination Center for Computer Incidents believes such threat actors have been very active in recent times. Global Cybersecurity Landscape Remains ‘Tense’ According to TASS, Nikolai Murashov pointed out that hackers managed to inject […]

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Russia Proposes New Rules and Penalties for Cryptocurrency Owners

Russia Proposes New Rules and Penalties for Cryptocurrency OwnersThe Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation Russia’s Ministry of Finance has proposed new amendments to the country’s law on digital financial […]

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