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A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as … Read more
The world’s largest producer of palladium and high-grade nickel is joining a multi-stakeholder initiative that uses blockchain technology. Go to Source Powered by WPeMatico
Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method. Go to Source Powered by WPeMatico
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. Go to Source Powered by WPeMatico
Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble. Go to Source Powered by WPeMatico
The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at the oil field. … Read more
With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble. Go to Source Powered by WPeMatico
The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System, Even Replace It According to Olga Skorobogatova, the development … Read more
Lowering CO2 emissions and lessening carbon-intensive approaches are the essential goals in global efforts to fight climate change. Go to Source Powered by WPeMatico
One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore. Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to the announcement, Norilsk Nickel (known as Nornickel) said the issuance of the digital coins involves metal contracts, … Read more