Blockchain

Statistical abnormalities cast suspicion on Moscow’s first blockchain e-voting

September 13, 2019 September 15, 2019

On Sunday Sept. 8, while Moscow voters were called to renew the city parliament, a remote electronic voting procedure was made available to a fraction (6%) of them – in three city districts – as an alternative to paper ballot. The experiment was presented as “secure and honest” thanks to the use of blockchain. This technology “ensured the safety …

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Russia’s Sberbank and Singapore’s Trafigura secure oil sales transaction via blockchain

September 11, 2019 September 12, 2019

Russia’s largest bank Sberbank and Trafigura Group Pte. Ltd of Singapore made a pilot blockchain transaction as part of a West Siberian oil sales deal during Russia’s Eastern Economic Forum on September 5, Sberbank said in a press release. Sberbank purchased from Trafigura its accounts receivable of a major Turkish trader. Sberbank and Trafigura agreed on the …

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Russian prosecutors take softer stance on crypto website

May 13, 2019 May 13, 2019

A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. After prosecutors gave up their efforts to block the website – citing the upcoming Russian legislation meant to regulate Bitcoin – Bestchange.ru will be allowed to restore normal operations. This online portal …

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Russia-connected asset manager launches new crypto fund

March 19, 2019 March 22, 2019

Earlier this month ITI Funds, a buy-side intermediary, advisory and asset management company, announced the launch of a new crypto fund Dubbed ‘ITI Funds Crypto Index Fund,’ the fund focuses on index tracking, covering “30 crypto-assets with the largest market capitalization.” These include Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, ZCash, Stellar, and Ethereum Classic. “The fund assets must …

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Major state sponsor withdraws from blockchain competency center in Moscow

March 5, 2019 March 5, 2019

VEB.RF (the new name for VEB, or Vnesheconombank, a major Russian state-owned financial institution) has stopped financing a digital transformation and blockchain competency center which it had co-founded in late 2017 with Russia’s National University of Science and Technology (MISIS). The 5,000 sq. m. center involved some 20 companies including Ethereum, Bitfury, Waves, E&Y and PwC. It was engaged in …

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Top investors, entrepreneurs and officials to meet at Kazan’s Russian Venture Forum (April 11)

February 28, 2019 April 2, 2019

On April 11 Kazan, the tech-friendly capital of the Republic of Tatarstan, 800 km east of Moscow, will host an array of startup and ICO entrepreneurs as well as top VCs, cryptocurrency investors, corporations and representatives of government agencies. They will meet at the Russian Venture Forum (RVF), a high-profile annual event which has become …

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Russia’s Minister of Justice: Cryptocurrencies do not need to be legally defined yet

February 15, 2019 February 17, 2019

Alexander Konovalov, Russia’s Minister of Justice, said on February 13, during the government hour in the Federation Council, that clear legislation on cryptocurrencies would not be formalized anytime soon. According to news agency Tass, Konovalov said both the constitution and the current financial system’s legislation “categorically prohibits the use of the cryptocurrency as a means of …

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Thousands of blockchain and crypto professionals expected to meet in Singapore (April 23-24)

February 12, 2019 February 12, 2019

On April 23-24, thousands of blockchain and cryptocurrency professionals from some 70 countries are expected to meet at the Blockchain Life 2019, in its third edition, in Singapore. Among participants will be executives from major blockchain companies, venture and crypto funds, traders, businessmen, private investors, startups, developers and miners, who will discuss the current trends …

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Crypto mining could bring Russia $1 billion in taxes, report claims

February 11, 2019 February 11, 2019

Russia’s electrical surplus last year reached 20 GW. According to a study conducted by industrial mining solutions provider Bitcluster, that’s enough energy to power 14.8 million of the popular Antminer S9i ASIC devices. If Russia uses the excess electricity to mint digital coins, the state would receive 70 billion rubles (over $1 billion) just from …

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Over 50 bitcoin ATMs operate legally in Russia, study finds

February 7, 2019 February 7, 2019

The number of bitcoin ATMs around the world has doubled in a year, increasing at an average rate of six per day to reach almost 4,300 devices, according to the latest data provided by Coinatmradar. The majority of these crypto teller machines are located in North America and Europe. Russia is in the top 10 …

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Blockchain in healthcare: Innovators from Eastern Europe called to submit manuscripts and join peer-review board

February 4, 2019 February 6, 2019

Russian and CEE experts engaged in real-world application of blockchain and converging technologies in healthcare and life sciences are invited to submit original manuscripts and apply for the international Peer Review Board of the recently launched Blockchain in Healthcare Today (BHTY) journal. A first-in-category, BHTY is the only international peer-review open-access continuous no-deadline journal dedicated to publishing theoretical …

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Major Russian bank patents multi-issuer blockchain system

January 24, 2019 January 25, 2019

VTB, a major Russian bank, announced yesterday that it has obtained “a patent for a multi-issuer payment system based on blockchain technology.” The bank claims it is “the first case of a bank patenting its intellectual property” in this field. VTB aims to use this technology to “develop digital products, services and payment instruments to …

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