International

Telegram plans multi-billion dollar ICO for chat cryptocurrency

January 12, 2018

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. The …

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French ambassador visits Skolkovo amid week of Russian-French cooperation

December 26, 2017

Skolkovo, the international tech hub under completion on the outskirts of Moscow, took its cooperation with France to a new level last week, with the visit of ambassador Sylvie Bermann to the innovation city and the signing of a memorandum of understanding with two French business organisations. The visit took place on Wednesday last week, one …

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Belarus liberalizes high tech activities: How foreign investors and neighboring countries could be affected

December 27, 2017

December 22, 2017 could go down as a turning point in the history of the Belarusian economy. That day, the country’s president Alexander Lukashenko signed a law “On the Development of a Digital Economy” which introduces thorough changes in the legislation, aiming to liberalize the high tech sector in the country. A variety of activities …

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Russian IT service company IBS considers IPO in 2018

December 21, 2017

Russian IT service provider IBS is considering holding an initial public offering in 2018, two financial market sources and a source familiar with the company’s plans told Reuters this Wednesday. The company has yet to decide on the size of the offering and hire banks to handle the deal, the sources said. IBS declined to comment on specific plans; …

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Hackers linked to Russians target banks from Moscow to Utah

December 20, 2017

A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. The MoneyTaker group broke into 20 systems, which includes 15 U.S. lenders, targeting ATMs with “mules” …

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Presidential Internet ombudsman Dmitry Marinichev: “In the totally new tech world that is emerging, the state’s capacity to intervene will decline”

September 26, 2021

A successful tech entrepreneur since the late 1990s, Dmitry Marinichev was apppointed Internet Ombudsman by President Putin in 2014. He is also a member of the Expert Committee of the Agency for Strategic Initiatives and a member of the General Council of the Delovaya Rossia business association. In this exchange with EWDN Chief Editor Adrien …

Presidential Internet ombudsman Dmitry Marinichev: “In the totally new tech world that is emerging, the state’s capacity to intervene will decline” Read More

Telegram vs. FSB: Durov appeals to the UN

August 17, 2019

Telegram, which staunchly refuses to surrender encryption keys for all user exchanges, has appealed to the United Nations for support in their dispute with Russia’s Federal Security Service (FSB). The instant messenger is represented by lawyers from Agora, a Russian human rights group, reports Meduza, a Russian and English language online publication based in Latvia. In a letter to David …

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AddVenture invests in Greek and Spanish online services

December 17, 2017

AddVenture, a major Russian venture fund, has invested $500,000 into the Spanish same-day laundry and dry-cleaning online service MrJeff in exchange for a 10% stake in the company. The news was reported by the Russian online publication Firrma.ru earlier this week. Touted as “the laundry revolution,” this subscription-based service claims to have over 15,000 clients in …

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Black Friday 2017: Key facts and numbers from a leading ad network

December 12, 2017

This year, Black Friday began on Thursday, November 23, with retailers launching their offers and special proposals at 4:00pm GMT. A number of e-merchants opened the clearance sales even earlier (some of them starting the operation on November 20) and continued these until December 1. admitad, a major international ad network, has reviewed its in-house …

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Russian cloud gaming startup Playkey raises nearly $11 million in ICO, targets Asian and American markets

December 7, 2017

Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, raised more than $10.5 million in its ICO which ended on Dec. 1. This amount comes in addition to some $4 million raised during a pre-ICO sale in October. In the course of the ICO, no less than …

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Russian sovereign fund RDIF to invest more in technology, eyes deals with Alibaba and Yandex.Taxi

December 6, 2017

The Russian Direct Investment Fund (RDIF) has established a new vehicle to invest in technology, ‘RDIF Technologies,’ the sovereign fund’s CEO Kirill Dmitriev told President Putin on Tuesday. “We have chosen leading partners from China, Japan, Singapore, Europe, and the United Arab Emirates (UAE). They will invest together with us in technology projects based on [the presidential] digital …

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