Electricity Consumption Soars in Russia’s Bitcoin Mining Hotspots

February 19, 2025

Catenaa, Tuesday, February 18 – Russia’s Bitcoin mining regions are seeing unprecedented increases in energy consumption, according to a recent study by ACRA Ratings. The study revealed a sharp rise in the demand for electricity tied to the country’s growing crypto sector.  The Republic of Ingushetia in the North Caucasus region led the charge, with […]

European shares rose to record highs on defence stock surge

February 18, 2025

Catenaa, Monday, February 17, 2025 – European shares led by defence stocks rose to record highs on Monday, as the top political leaders of the region called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security. The pan-European STOXX 600 index  jumped as high as 0.4%, as a […]

Russia Iran Use Crypto to Bypass Sanctions Report

February 18, 2025

Catenaa, Tuesday, February 18, 2025 – Russia and Iran are increasingly using cryptocurrency to bypass Western financial sanctions, with sanctioned entities receiving $15.8 billion in crypto in 2024, according to a new report from blockchain analytics firm Chainalysis.  The report, shared with Cryptonews, found that sanctioned jurisdictions accounted for nearly 60% of crypto-related sanctions activity […]

Russia’s Rosseti to Enter Crypto Mining Industry

January 29, 2025

Catenaa, Wednesday, January 29, 2025 – Rosseti, Russia’s largest energy provider, announced plans to launch cryptocurrency mining operations, aiming to repurpose underutilized power supply centers to support Bitcoin mining. The move marks a significant shift for the state-owned firm, which previously targeted illegal mining activities. According to TASS, Rosseti seeks government approval to coordinate crypto […]

Russian Governor Pushes for Year-Round Crypto Mining Ban

February 10, 2025

Catenaa, Sunday, February 09, 2025 – Irkutsk Governor Igor Kobzev has called for a permanent ban on cryptocurrency/crypto mining in the energy-strained Russian region, escalating restrictions initially imposed for the winter season. Speaking at a Legislative Assembly meeting, Kobzev urged Moscow to extend the mining suspension through 2031, citing ongoing energy shortages. The region, a […]