CommEx Crypto Exchange to Shut Down in April
Russian cryptocurrency exchange CommEx, also known as Binance’s successor, has formally declared its closing down in April and has ceased accepting deposits. After acquiring the Russian operations of Binance in September 2023 for an undisclosed sum, CommEx is now dismantling its platform. On March 25, CommEx started its official Telegram group, which abruptly ceased all […]
Sanctioned BitRiver Launches Russia’s Largest AI Data Center
In H2 2024, BitRiver, a Bitcoin mining business under OFAC sanctions, plans to open Russia’s largest artificial intelligence (AI) data center. According to Russia’s official news agency Prime, BitRiver Group subsidiary Bitriver-B plans to create the biggest data center in Eurasia for energy-intensive computing in the second half of 2024. The Association of Industrial Mining’s […]
MTS Announces Ads Services that Target Telegram Users
MTS claims it will launch an advertising service targeting Russian Telegram users, but the social messaging application denies it has any agreements in place. MTS says it will create an advertising business that targets Telegram users in Russia, although Telegram denies such agreements are in place. On October 17, the business announced the introduction of […]
Binance Announces Exit from Russia, Sells Business to CommEX
Binance, a leading cryptocurrency exchange, has decided to pull out of the Russian crypto market completely. A new rumor claims that Binance intends to withdraw from the Russian market. Significantly, the action involves selling CommEX, a freshly launched cryptocurrency exchange, the whole Russian business section. The changeover should be simple for Russian-based Binance users. The […]
CBDCs Will Displace Private Banks – Russian Lawmaker
According to a Russian lawmaker, central bank digital currencies (CBDCs) and blockchain technology will likely displace traditional institutions. RIA reported that Anatoly Aksakov, chairman of Russia’s parliamentary financial committee and a prominent Bitcoin skeptic, has predicted that the traditional banking system will “fade away” by adopting the digital ruble. “I believe the role of banks […]