Bitcoin Mining Machines Moving to Russia Due to Saturation in US, Despite Sanctions

Russia's Bitcoin mining market is booming, and hardware providers Bitmain and MicroBT are positioned to profit from the expansion.

• 2023-07-31
• Bitcoin Mining Russia mining industry

First Mover Asia: Bitcoin Climbs Back to $29.4K; Crypto's Correlation With Tech May Return

An exploit of stablecoin exchange Curve Sunday could jeopardize more than $100 million in cryptocurrency. PLUS: What's behind Russia's mining boom?

• 2023-07-31
• bitcoin mining Russia CoinDesk Gene Hoffman Vyper programming language Asia

He Got Arrested in Russia for a Bitcoin Bribe. Now the Coins Are Moving to Exchanges

A criminal investigator in Moscow extorted thousands of bitcoin from the crypto hackers he arrested. Now, these coins are moving onto exchanges, Crystal Blockchain found.

• 2023-07-07
• Marat Tambiev Investigative Committee Russia Infraud Organization law enforcement Konstantin Bergman Crystal Blockchain

Russians Sought Crypto During Brief Wagner Rebellion

Russians exchanged their rubles for a dollar-pegged cryptocurrency this weekend as paramilitary group Wagner [rebelled against the military leadership in Moscow](https://www.wsj.com/articles/questions-swirl-on-russia-truce-as-putin-prigozhin-stay-silent-b8a44500).

• 2023-06-26
• paramilitary group Russia cryptocurrency

Russia's Rosbank to Use Crypto for Cross-Border Transactions

Rosbank, one of Russia's largest banks, is reportedly venturing into the world of cryptocurrencies to facilitate cross-border payments.

• 2023-06-05
• Rosbank Russia Cross-Border Transactions Vladimir Olegovich Potanin U.S. Treasury Department

Russia Scraps Plan for National Crypto Exchange

Russia has scrapped its plans to launch a national cryptocurrency exchange and instead aims to regulate multiple crypto trading platforms.

• 2023-05-30
• Moscow Exchange Anatoly Aksakov State Duma cryptocurrency exchange National Crypto Exchange Russia

Russia Drops Plans for State-Run Crypto Exchange

After sending mixed signals, the government may be more willing to work with the cryptocurrency industry.

• 2023-05-30
• Russian lawmakers Wu Blockchain Russia cryptocurrency private crypto

U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday.

• 2023-05-20
• John Desmond Hanafin OFAC industrial companies Russia cryptocurrency wallet

Crypto Exchange Binance Is Back in Russia, Lifts Restrictions on Russian Users: Report

Users in Russia report they once again can use locally issued Mastercard and Visa cards to deposit money on the crypto exchange more than a year following a wartime prohibition on such transactions.

• 2023-04-25
• Russian citizens Russian rubles Russia European Union Russian bank Mastercard cards Binance

Russia is 2nd biggest Bitcoin miner after U.S.: report

Russia is now the second largest Bitcoin miner after the U.S., according to a report by Russian media Kommersant.

• 2023-04-24
• Bitcoin miner Bitcoin mining crypto mining Russia