Russia

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Large Mining Farm Discovered in Abandoned Russian Factory

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A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment.    Also read: Bitmain Opens Repair Center … Read more

Bitmain Opens Repair Center in Russia

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Leading manufacturer of crypto mining equipment Bitmain has opened a service center in Russia. Miners in the country will be able to repair their ASIC rigs locally, saving both time and money. Previously, they had to send faulty equipment back to China, dealing with customs formalities and paying costly shipping.   Also read: Ant Creek: … Read more

Hackers Target 400,000 Computers with Mining Malware

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More than 400,000 personal computers have been attacked in a large-scale attempt to distribute cryptocurrency mining malware. The hackers used sophisticated trojans to infect PCs mostly in Russia, but also in Turkey, Ukraine, and other countries. The coordinated assault lasted more than 12 hours. Also read: New Monero Mining Malware Sends Proceeds to Kim Il … Read more

Russians Think Bitcoin Makes a Great Present

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Cryptocurrency is gaining popularity in Russia as a good idea for a gift. According to a new survey, more and more Russians believe cryptos, like bitcoin, would make their girlfriends and wives happy on special occasions. The 8th of March is celebrated as Women’s Day in Russia and in many other countries.   Also read: … Read more

Mt. Gox Soap Opera Continues: Karpeles Released on Bail, Shadow Companies, and Whale Dumps

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Mt. Gox Mark Karpeles’ release on bail has produced a new radio program examining the historic hack and heist, but is also raising questions about sister exchanges such as BTC-e and their role in laundering stolen bitcoin. If all that wasn’t enough, a Gox trustee decided to dump over 400 million USD in bitcoin core … Read more

Popular Social Networks in Russia to Accept Bitcoin

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Two Russian-based social networking platforms have announced they are now accepting cryptocurrency payments. Vkontakte, the most popular social media among Russian-speaking users, and Odnoklassniki, which has many subscribers in former Soviet states, will take bitcoin from advertisers. They also intend to start paying developers and partners in cryptocurrency. Also read: Russian Supreme Court to Decide … Read more

Québec Premier: We’re Not Really Interested in Bitcoin Mining

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Québec, Canada has recently been thought to be a bitcoin mining boom town, as more data centers set up there to take advantage of relatively cold climes and low cost electricity. Not everyone is happy about it, especially the local government who fail to see why decentralized, invisible, magic internet money is worth anything at … Read more

Russia Drafts Law to Criminalize the Use of Cryptocurrencies as Money

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The Russian Ministry of Finance is drafting a law to criminalize the use of cryptocurrencies as money substitutes. The Bank of Russia and the finance ministry have previously opposed the use of cryptocurrency in this way, citing that only rubles can be used for payments of goods and services in Russia. Also read: Indians Look to … Read more

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