Blockchain

Bitcoin mining revenue in Russia grew 18 times in 4 years before “worst quarter”

October 26, 2022

The revenue from bitcoin mining in Russia has increased 18 times between 2017 and 2021, according to a new report by computing hardware distributer Intelion Data Systems, quoted by RBC Crypto. During the period, the total grew from 7 billion rubles in first studied year (below $114 million, at current exchange rates) to 128 billion …

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Russia’s Rostec develops blockchain system as “real alternative” to SWIFT

June 21, 2022

Earlier this month Rostec, a state corporation that comprises more than 700 enterprises in the fields of defense and technology, announced they have developed a blockchain platform to provide a “real alternative to SWIFT in international settlements.” Russian banks were excluded from the SWIFT system last February as part of the sanctions imposed by Western countries in response …

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Russia and WEF to launch ‘Centre for the Fourth Industrial Revolution’ in Moscow

October 18, 2021

Last week the Russian government and the World Economic Forum announced Russia is joining the WEF’s Centre for the Fourth Industrial Revolution (CFIR) Network. The agreement was inked in Moscow by WEF President Børge Brende and Russian Deputy Prime Minister Dmitry Chernyshenko.  CFIR Russia will be hosted by Digital Economy, a Moscow-based non-profit created by national technology leaders to facilitate …

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Russia’s Hermitage experiments with NFTs, “an aesthetic of possession”

September 10, 2021

Russia’s Hermitage Museum, one of the world’s largest art collection, has sold digital copies of several masterpieces in the form of non-fungible tokens (NFT). The auction, in partnership with cryptocurrency exchange Binance, took place from August 31 to September 7. A limited series of NFTs were brought out, featuring digital reproductions of Leonardo da Vinci’s Madonna Litta,  Giorgione’s Judith, Vincent van Gogh’s Lilac …

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Sber plans to register digital asset issuance platform in September

September 6, 2021

Sber, Russia’s state-controlled financial and digital giant, continues progressing with the development of its blockchain-based platform for issuing digital assets. Anatoly Popov, deputy chairman of the executive board at Sber, said his organization is planning to have registered its digital asset issuance platform with the Bank of Russia — the country’s central bank — by …

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Russian mobile major MTS acquires blockchain trade finance platform

August 3, 2021

MTS, a leading mobile operator and provider of digital services and content, has acquired a 51% stake in blockchain-based trade finance platform Factorin.  The two year-old company touts itself as “the biggest factoring platform in Russia andone of the leading B2B blockchain systems for trade finance in the world.”  Founded by Andrei Maklin with support from venture builder Digital Horizon — …

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Zerion secures $8.2 million to make decentralized finance accessible to all

July 14, 2021

Last week Zerion, a Californian decentralized finance (DeFi) startup with Russian and Ukrainian founders, announced the completion of a $8.2 million round. Led by Mosaic Ventures, the deal also involved Placeholder, DCG, Lightspeed, Blockchain.com Ventures and other organizations — as well as a dozen of individual investors from the crypto community.  Zerion touts its investing app as “the simplest way to track and manage …

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Sber could issue blockchain-based digital currency as early as this year

April 28, 2021

Sber, the state-controlled financial and tech giant, could issue its own digital financial asset, ‘Sbercoin,’ as early as this year. The registration of an in-house blockchain platform, developed for this purpose, is pending final approvals from the regulator. Sber’s blockchain platform will be made available not only to the bank, but also to other companies …

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From fintech, to transport, to medtech, blockchain practice takes off in Russia

March 24, 2021

ICT Moscow, an internationally-oriented resource on technology development in Russia and Moscow, has released a dedicated section to feature blockchain practice in the country. Fifty-two practices are featured, involving such companies as Kaspersky Lab, M.Video, Megafon, Norilsk Nickel, Rostelecom, Russian Railways, Sber, S7 Airlines, as well as the Federal Tax Service of Russia and the …

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Thousands of blockchain and cryptocurrency aficionados expected to meet in Moscow (April 21-22)

March 9, 2021

Blockchain Life 2021, a major live forum on blockchain, cryptocurrencies and mining, will hold its 6th edition on 21-22 April in Moscow’s Music Media Dome. Thousands of participants are expected to come. This year, attendees will hear Artem Kalikhov (Waves), Murodjon Khamraev (Bitmain), Rauan Khassan (TradingView), Sergey Khitrov (Listing.Help), Anatoly Radchenko and others. The program will cover such …

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NorNickel adopts blockchain for a more responsible supply chain management

February 3, 2021

As more and more global companies adopt corporate blockchain solutions, Norilsk Nickel (NorNickel), the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has announced it is joining the Responsible Sourcing Blockchain Network (RSBN), a network aimed at supporting responsible sourcing and production practices from mine to market. According to NorNickel, the move …

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AI, Blockchain, quantum: Online event series to highlight “next-wave technologies” (Dec. 1, 10, 22)

November 25, 2020

GenerationS and Sequence Ventures announce #GENSTechTalks a new series of talks (in English language) to explore the Russian tech landscape with the leading industry experts.  The series is scheduled as follows: December 1: Quantum technologies with Maria Lepskaya of Runa Capital; December 10: Blockchain with Eldar Khamitov of G1 Ventures; December 22: Artificial Intelligence with Alexey Fomin of Botkin.AI. …

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