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Russia’s Power Grid Hit by Unauthorized Crypto Mining, Losing Over 1.3 Billion Rubles

Russia’s Power Grid Hit by Unauthorized Crypto Mining, Losing Over 1.3 Billion Rubles

Leave a Comment / Power, Russia’s /

Rosseti Group, Russia’s power grid company, reported losses exceeding 1.3 billion rubles – which is worth around $14.2 million – in 2024 due to unauthorized cryptocurrency mining operations, also known as “black” mining firms. As per a report by state-owned news agency TASS, damages were widespread across the company’s electrical networks. Illegal Mining Strains Russia’s […]

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Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies

Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies

Leave a Comment / Central, Russia’s /

Last updated: January 29, 2024 21:54 EST | 1 min read The Governor of Russia’s Central Bank says she is speaking to BRICS member states about using “digital currencies” to power international trade. Per RIA Novosti and 1Prime, the bank’s long-serving Governor Elvira Nabiullina said the Central Bank was “currently holding consultations with friendly countries,

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