Russia | ForkLog

ForkLog 28 21.02.2024

CommEX Faces Temporary Issues with Ruble Gateway

On February 21, the cryptocurrency exchange CommEX reported encountering temporary difficulties in withdrawing rubles through its fiat channel. “Withdrawals to cards are operational, but the conversion rate is not very high,” platform representatives clarified in a comment to ForkLog. They also stated that the current situation is unrelated to the suspension of withdrawals at QIWI […]

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ForkLog 62 21.02.2024

Russian Central Bank Revokes License of Qiwi Bank Amid Cryptocurrency Exchange Transfers

Qiwi Bank’s license was revoked due to high-risk operations, specifically mentioning cryptocurrency exchanges. The closure of the payment system will not affect legitimate market players. The regulator’s statement in this case does not pertain to the crypto industry. On February 21, the Russian Central Bank revoked the license of Qiwi Bank for systematic violations of […]

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ForkLog 11 20.02.2024

Analysts Predict Digital Financial Assets Market Could Reach 500 Billion Rubles

Within three years, the digital financial assets (DFA) market could reach 500 billion rubles under a moderately optimistic development scenario, reports RBC, citing analysts from ACRA. Experts noted that their calculations are influenced by macroeconomic factors, including interest rates and indicators of macroeconomic stability. Analysts were uncertain whether certain types of tokens could become alternatives […]

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ForkLog 14 15.02.2024

Dagestan Leads in Electricity Theft by Miners

In 2023, the total volume of unaccounted electricity consumption by miners in the North Caucasus reached 22.5 million kWh, according to a report from the local branch of Rosseti. Company specialists halted 19 instances of energy theft, resulting in losses amounting to nearly 79.6 million rubles. Sixteen cases of unauthorized connections to power grids for […]

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ForkLog 17 13.02.2024

Russians Dominate Bybit Traffic in January

In January, Russian users led in visits to the cryptocurrency exchange Bybit, accounting for 23% of the traffic. This was reported by journalist Colin Wu. Russian activity was also noted on platforms MEXC (19% of total traffic), Bitget (11%), and HTX (10%). Data: Wu Blockchain. Alongside users from Russia, 10% of all HTX visits were […]

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ForkLog 20 09.02.2024

Mongolian Citizen Caught Smuggling Mining Equipment from Russia

Customs officers at the MAPC Kyakhta in Buryatia thwarted an attempt to illegally export two ASIC miners to Mongolia. This was reported by the Federal Customs Service of Russia (FCS). According to the agency, a Mongolian citizen attempted to transport two used Watsminer M21 miners, manufactured by MicroBT, in a taxi. The devices were not […]

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ForkLog 25 09.02.2024

WEX Administrator Appeals for Leniency and Asset Return

On February 8th, the Moscow City Court began reviewing the appeal of Alexey Bilyuchenko (Ivanov), the system administrator of the cryptocurrency exchange WEX, against his previous conviction. This was reported by journalist Irek Murtazin on his Telegram channel. Bilyuchenko is accused of embezzling 3.1 billion rubles of WEX assets. In September 2023, the court of […]

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ForkLog 11 07.02.2024

Illegal Cryptocurrency Miners Uncovered in Former Boiler House Near Novosibirsk

In the Novosibirsk region, police officers, in collaboration with energy specialists, have shut down an illegal mining farm comprising 100 devices. This was reported by AO “RES”. The equipment was located in a building that once served as a boiler house in the settlement of Chernorechensky, near Iskitim. In addition to the connected ASIC miners, […]

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ForkLog 18 04.02.2024

Sber Grants Private Investors Access to Digital Financial Assets

Sber has opened its digital financial assets (DFA) platform to all individuals. Those who have obtained the status of a qualified investor in relation to DFAs are already conducting initial transactions. “In the first month after launching DFAs on the digital square meter index for a limited group of investors on our platform, about a […]

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ForkLog 64 03.02.2024

Illegal Mining Farm with 378 Devices Discovered in Dagestan

Police in the city of Kizilyurt uncovered illegally connected cryptocurrency mining equipment within an unnamed gardening association. This was reported by the press service of the Ministry of Internal Affairs for the Republic of Dagestan. The mining farm was located in an auxiliary room. Law enforcement seized 378 devices. “The connection to the power lines […]

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ForkLog 24 02.02.2024

Russia Proposes Amendments for Stablecoin Use in Foreign Trade

A group of deputies from the Communist Party faction has submitted a bill to the State Duma introducing the concept of a secured stablecoin and permitting its use in foreign trade transactions. The document is published in the parliamentary electronic database. The amendments are proposed for the law “On Digital Financial Assets” (“On DFA”) and […]

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ForkLog 20 01.02.2024

OKX Sees Fivefold Increase in Russian Traffic in 2023

By the end of 2023, traffic from Russia to the cryptocurrency exchange OKX surged by approximately 400%—from 250,000 to nearly 1.25 million visits. This is according to data from the analytics service SimilarWeb. Russia now ranks alongside Mexico and Japan as one of the top three countries driving traffic to OKX. The main surge began […]

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