New report deals with the numbers in Krypto after the conflict between Russia and Ukraine

• The blockchain activity took a dive after the invasion of Ukraine by Russia, but has improved since then and is almost at the level before the invasion.
• The Dappradar report also dealt with what sanctions against Russia, the third largest oil producer, mean for the energy-resolution Bitcoin mining industry.

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The fact that the geopolitical conflict between Russia and Ukraine had a major influence on crypto is very well occupied. But while most reports have focused on the price campaign, Dappradar pursued a more holistic approach and examined what effects this on blockchain activities, miners, regulations, purchasing power, trust in the centralized financial system and more.

One of the areas that is very endangered to feel the effects of the war is Bitcoin mining. On the one hand, Russia is the third largest BTC mining center, slightly behind the second-placed Kazakhstan, while the USA leads the charts. As CNF reported, miners have not yet been affected and the Haschraten from Russia has remained relatively constant, even when the invasion begins to demand its tribute from the local scene several protests .

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However,

miners could soon feel the pinch. Russia is the third largest oil producer in the world after the United States and Saudi Arabia and accounts for 11 percent of global production.

After the invasion, the crude oil price has been shot up and has the Highest for 13 years. The prices for related products such as coal, heating oil and petrol have also shot up, and it cannot take long for the Bitcoin mining workers to feel this. Those in the United States may not be so badly affected, but those in Europe where Russia exports half of its oil may have to pay a little more for the breakdown of BTC.

Blockchain activity also suffered a blow when Russia marched in in his neighbors. The data show that unique active wallets on blockchains have dropped collectively after the outbreak of the war.

And although companies like Binance, Kraken, Kucoin and Coinbase have promised to continue to support Russian users, they will most likely notice a massive decline in Russian trading volume in the not too distant future.

Russian banks have already been excommunicated by Swift, a lifeline for international money transfers. Google Pay, Apple Pay, Transfergo and others have also cut off Russia. The Russian central bank is also faced with strict measures against them, and since it holds 80 percent of its reserves outside the country, it will feel the sanctions.

All of these factors have led to the Russian ruble lost a third of its value, and the effects for normal Russians will be felt for years. Most of the purchasing power will suffer from this and most will do without risky assets such as crypto. The amount of crypto is currently in possession of Russians at $ 200 to 200 billion, depending on which survey they refer to.

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