During three days, from Friday 11 to Sunday 13 September, voters from 83 Russian regions are being called to elect members of local parliaments and, in certain cases, regional governors as well as federal-level deputies. More than 9,000 local campaigns took place in what observers see as a key test for the country’s pro-Putin ruling …
In what could put an end to a long saga, the US Securities and Exchange Commission announced today that it “obtained court approval of settlements with Telegram and its subsidiary TON Issuer Inc.” “Without admitting or denying the allegations in the SEC’s complaint, the defendants consented to entry of a final judgment enjoining them from …
DMarket, a Ukraine-born startup that uses blockchain to build “a user-owned gaming economy,” has just attracted $6.5 million in equity funding. The round was led by Almaz Capital with participation from video game company Xsolla. No details of the deal were disclosed. Now headquartered in California, DMarket has developed a platform that “enables transparent and secure buying, selling, and …
Almaz Capital leads $6.5 million for in-game item trading platform DMarket Read More
The Russian Ministry of Economic Development has sent a letter to the State Duma, the lower house of the Federal Assembly of Russia, criticizing the bill that seeks to ban cryptocurrency in the country. Local publication Kommersant reported Wednesday that it has seen the letter. Russian officials detailed that the bill proposes a complete ban on the …
In only a year Factorin, a young technology company was able to change the trade finance market in Russia. The distributed platform automates the interaction of the customers’, suppliers’ and factors’ accounting systems, and removes all manual work in the preparation, verification, and approval of documents. Factorin reduces the overhead costs of all processes and …
How blockchain platform Factorin is transforming Russia’s trade finance market Read More
“A US court stopped TON from happening:” with this simple explanation, VK and Telegram founder Pavel Durov announced today he is giving up his widely hyped blockchain and cryptocurrency project. This is the latest, but probably not the last episode of a saga which started in early 2018 with a controversial $1.7 billion ICO. Many unforeseen developments followed, …
Pavel Durov gives up his blockchain project, shifting the blame to US authorities Read More
[Updated May 7] Last week Telegram, the messaging app founded by Russian tech guru Pavel Durov, postponed yet another time the release of its blockchain platform TON and cryptocurrency Gram. The hypothetical launch is now scheduled for April 2021 with a clawback clause for investors. Through a controversial ICO in early 2018, Telegram raised some …
Is Telegram’s blockchain project heading to legal, technical and financial failure? Read More
Russians may soon be able to use digital tokens to buy metals, book air tickets and transfer ski passes from Vladimir Potanin’s businesses after the billionaire got the go-ahead for his blockchain platform. Potanin has long signaled plans to start crypto tokens for metals, but can now expand the project to the consumer side of …
Russian billionaire Vladimir Potanin launches metals blockchain Read More
As international demand for cryptocurrency is on the rise again, Russian searches for “биткоин” (bitcoin) on both Google and Yandex have been increasing. In the past month, Russian speaking users have been asking the search engines about bitcoin’s current rates in US dollar and Russian ruble and over the past week there’s been a 350% …
At present, cryptocurrencies don’t have any legal status and are not regulated in Russia. Yet a company called Artel has managed to officially add bitcoin to its authorized equity capital. Not without giving the entity a hard time, the country’s Federal Tax Service eventually agreed to register the change in its status. According to experts …
Russian tax authority registers crypto as part of a company’s capital Read More
Earlier this month Da Vinci Capital – a major EBRD-backed and PE firm focusing on Russia and neighboring countries – announced an investment of 100 million rubles ($1.57 million at the current exchange rate) in BitRussia. BitRussia presents itself as an international blockchain-based crowdfunding platform. It aims to put together projects and investors using distributed ledgers, asset …
Late Friday, the United States Securities and Exchange Commission (SEC) announced that it is suing two offshore entities, Telegram and its wholly owned subsidiary, TON Issuer, for holding an unregistered token sale. According to the complaint filed in the federal district court in Manhattan on the same day, Telegram sold approximately 2.9 billion crypto tokens, called Grams (GRM) to 171 buyers for a …
US stock market authority halts TON launch over $1.7 billion ICO Read More
