Russia | ForkLog

ForkLog 47 24.01.2024

LocalCoinSwap Withdraws from Russian and Venezuelan Markets

On January 22, clients of the P2P platform LocalCoinSwap in Russia and Venezuela received letters announcing the company’s withdrawal from these jurisdictions. The information was confirmed in the official Telegram chat. The exchange attributed its decision to “recent changes in the regulatory sphere” in these regions. Source: Screenshot of the letter. LocalCoinSwap announced a complete […]

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ForkLog 19 24.01.2024

Russian Economists Propose Disconnecting Miners During Energy Shortages

The Higher School of Economics (HSE) has proposed forcibly disconnecting large-scale miners from electricity to address energy shortages in certain Russian regions, according to Izvestia. The initiative suggests categorizing cryptocurrency mining data centers as a separate group of consumers, which could be restricted from electricity supply for up to 500 hours annually (approximately 21 days). […]

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ForkLog 25 18.01.2024

Cryptoruble Developers Announce Listing on Exchange

The developers of the cryptoruble have secured their first listing agreement on the new cryptocurrency exchange, ABCex.io. This was announced by Indefibank CEO Sergey Mendeleev. The platform is currently in beta testing, and the asset will be added within a couple of weeks. Upon completion of the testing period, cryptoruble users will participate in an […]

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ForkLog 63 17.01.2024

Tether Seeks Trademark Registration in Russia

On January 12, cryptocurrency firm Tether filed applications for the registration of four trademarks in Russia. The relevant documents were published in the bulletin of the Federal Service for Intellectual Property on January 15. Source: Rospatent. The issuer of USDT is registering the following trademarks: Alloy by Tether (application 2024701810); AUSDT (2024701812); Tether Alloy (2024701813); […]

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ForkLog 18 16.01.2024

Illegal Mining Farm Overloads Power Grid in Makhachkala

Energy officials in Dagestan, in collaboration with law enforcement, have uncovered an illegal mining farm in the Kirovsky district of Makhachkala, according to a report by the branch of “Rosseti North Caucasus” — “Dagenergo.” Experts observed a significant overload on the power line extending from the “Polygon ‘Solntse'” substation, which is equipped with two transformers, […]

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ForkLog 21 15.01.2024

Bank of Russia Identifies ‘Slovopacana’ as a Pyramid Scheme

On January 12, the Bank of Russia expanded its list of companies exhibiting signs of illegal activity in the financial market. The regulator has classified the cryptocurrency project ‘Slovopacana’ as a financial pyramid. The project’s organizers offer the purchase of a native token called Boiler (BLR), which purportedly increases in value daily by 1% to […]

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ForkLog 15 15.01.2024

Dagestan Bitcoin Miners Urged to Shut Down During Cold Spell

Owners of mining farms in Dagestan have been asked to shut down their equipment due to electrical grid overloads during the cold season. This request was issued by the Dagenergo branch of Rosseti North Caucasus. Experts assert that cryptocurrency mining is causing technological disruptions. “The dynamics of network load, which sharply increases over short periods, […]

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ForkLog 17 11.01.2024

Russian Tax Authority and Sber Seek Cryptocurrency Experts

The Russian Federal Tax Service and Sber are in search of specialists knowledgeable in the cryptocurrency market. Both job openings were posted on the hh.ru website in December 2023, but media attention has only recently been drawn to them. The fiscal service has opened a position for an advisor in the international cooperation department, focusing […]

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ForkLog 49 10.01.2024

Bybit Remains Most Visited Cryptocurrency Exchange by Russians in December

In December 2023, users from Russia ranked first in visits to the cryptocurrency exchanges Bybit, HTX, and MEXC, according to journalist Colin Wu. Russian clients accounted for 19% of Bybit’s total visits, 12% for MEXC, and 11% for HTX. The latter platform is also popular among citizens of Ukraine and Kazakhstan, each contributing 7% of […]

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ForkLog 51 10.01.2024

Russian Police Detail Bitcoin Seizure Practices in Drug Trafficking Cases

The Russian police have gained experience in seizing cryptocurrencies from individuals accused in criminal cases related to the illegal drug trade. This was revealed by Stanislav Makarov, an investigator for particularly important cases in the department for investigating organized criminal activities in the sphere of illegal drug trafficking of the Investigative Department of the Ministry […]

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ForkLog 27 10.01.2024

Russia to Pilot Digital Ruble for State Purchases in Chuvashia

In 2024, Russian authorities plan to test the digital ruble in specific areas of budgetary spending, according to Anatoly Aksakov, head of the State Duma’s Financial Market Committee, in an interview with Rossiyskaya Gazeta. He stated that the new asset will be used for social payments to citizens and state purchases. This could include funding […]

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ForkLog 10 29.12.2023

Binance Comments on Message About Closing Positions

Some Binance users received letters about the need to migrate their accounts and withdraw funds. The exchange team confirmed the mailing to a portion of clients.

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