Russia | ForkLog

ForkLog 20 28.01.2025

Russia Tests Digital Ruble in Budget Operations

The Bank of Russia, the Ministry of Finance, and the Treasury conducted tests of specific operations with the digital ruble within the budgetary process at the end of 2024, as reported by RBC. Details remain undisclosed, but the Ministry of Finance indicated that the parties are exploring this application of CBDC. However, the ministry emphasized […]

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ForkLog 28 27.01.2025

Russia’s ‘Grey’ Miners Cause Annual Losses of 10 Billion Rubles

Russian illegal miners steal electricity worth billions of rubles annually. MTS combats underground farms through a special energy consumption analysis system. The Ministry of Energy considers it prudent to ban cryptocurrency mining in certain regions until additional generating capacities are established. Billions in Losses The total damage from electricity theft for cryptocurrency mining in Russia […]

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ForkLog 66 22.01.2025

Russian Innovator Develops Crypto Boiler Using Antminer Devices

A forum user on “Habr” known as teamtimteam integrated a bitcoin miner into a home heating system, earning a net monthly income of 23,000 rubles. The project took a year to complete. Since 2023, the enthusiast, alongside an engineer colleague, studied hydrodynamics literature, consulted with plumbers, and created 3D models of the future installation. In […]

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ForkLog 72 21.01.2025

Hamster Kombat Partner Ordered to Pay 2.5 Million Rubles in Business Dispute

The Arbitration Court of St. Petersburg and Leningrad Region has ordered the alleged co-founder of the Telegram clicker Hamster Kombat, Eduard Gurinovich, to pay 2.5 million rubles following a lawsuit by a Tyumen entrepreneur. The case was reviewed by the first instance in December 2024. According to the ruling, in April 2023, the plaintiff, Viktor […]

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ForkLog 16 17.01.2025

Irkutsk courts confirm 650 million rubles in damages from crypto mining

Over the past five years, Irkutskenergosbyt won 1,348 court cases against miners who illegally used electricity, for a total of nearly 650 million rubles. The rulings have taken effect and the defendants were ordered to pay damages. 104 claims were paid before judgments were handed down. In all, the utility filed 2,113 lawsuits against “grey” […]

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ForkLog 39 15.01.2025

Bitmama faces up to 10 years in prison

Law-enforcement authorities have charged Valeria Fedyakina, known as Bitmama, with fraud in a case involving the theft of cryptocurrencies and fiat totaling at least 2.2bn rubles, TASS reported. Investigators say she solicited investments in digital assets, promising high returns, after which the funds disappeared. In one episode, losses amounted to about 800m rubles. A court […]

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ForkLog 12 14.01.2025

Russia opens case over illicit crypto exchange via Rapidpay

Officers of Russia’s Interior Ministry detained four people accused of organising the illegal movement of funds via the Rapidpay payment system, the ministry’s spokeswoman Irina Volk said. According to investigators, the illegal service catered to cryptocurrency exchange outlets, betting shops, online casinos and fraudulent call centres. To keep payments anonymous, Rapidpay’s creators used e-wallets and […]

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ForkLog 24 14.01.2025

Makhachkala unplugs 408-device bitcoin farm

Dagestan’s power utility uncovered a large cryptocurrency-mining farm in Makhachkala that was illegally connected to the grid, according to acting director of Dagenergo, Arsen Gadzhiev. He said the facility hosted 408 ASIC miners. The amount of stolen electricity exceeded 27m kWh. Damages were estimated at more than 180m rubles. Case materials have been handed over […]

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ForkLog 48 09.01.2025

Russia to seize record bitcoin bribe of 1bn rubles for state coffers

As part of enforcement proceedings, bailiffs have begun transferring 1,032.1 BTC—valued at more than 1bn rubles at the time of the offence—seized from convicted former investigator Marat Tambiev in a record-bribe case to the state, TASS reported. The funds will be moved from a Ledger Nano X hardware wallet to a government account. At the […]

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ForkLog 19 30.12.2024

Chechnya Threatens to Classify Illegal Miners as Terrorists

Illegal cryptocurrency mining in Chechnya may be equated with terrorist activities, according to Grozny Inform, citing State Duma deputy and advisor to the head of the republic, Adam Delimkhanov. He noted that the region continues to uncover instances of “grey” mining, often involving employees of various structures. “If such cases are identified, which also lead […]

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ForkLog 42 26.12.2024

Russia Unveils Prototype of 50-Qubit Quantum Computer

Scientists from Moscow University and the Russian Quantum Center have developed the country’s first prototype of a 50-qubit quantum computer. It was tested on December 19, according to the MSU website. The prototype is based on single neutral rubidium atoms, which are captured by optical tweezers—focused laser beams. A qubit is encoded in the internal […]

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ForkLog 10 26.12.2024

El Salvador’s President to Discuss Bitcoin with Russian Authorities

El Salvador’s President, Nayib Bukele, is planning a visit to Russia in 2025. One of the key topics for discussion could be cryptocurrencies, reports CCN, citing sources. According to these sources, the dialogue is in its early stages, and its outcome depends on the United States’ stance towards Russia following Donald Trump’s inauguration. Although El […]

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