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Russia Gears Up For Crypto Mining Amid Sanctions: Compass Mining To Provide The Hardware
Monday, April 25, 2022 - 9:26am | 451United States cryptocurrency mining firm Compass Mining Inc. is hastily liquidating $30 million worth of Bitcoin (CRYPTO: BTC) mining hardware in Russia after Swiss rival BitRiver was struck with sanctions over its activity in Russia. What Happened: Compass Mining CEO Whit Gibbs said...
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Russia Could Mine Bitcoin To Evade Sanctions: International Monetary Fund Warns
Wednesday, April 20, 2022 - 8:42am | 291Russia could mine Bitcoin (CRYPTO: BTC) in an effort to evade the economic sanctions that were imposed on the nation after it invaded Ukraine, according to the International Monetary Fund (IMF). What Happened: In a recently released report, the IMF argues that Russia could use...
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Russian Officials Warm Up To Crypto: Legalize Mining As Soon As Possible
Monday, March 28, 2022 - 1:49pm | 304Cryptocurrencies such as Bitcoin (CRYPTO: BTC) could soon see a resurgence in Russia, considering that local officials are warming up to crypto after the country was hit by harsh sanctions following its invasion of Ukraine. What Happened: Russia's news agency TASS reported...