International

New fund Viaduct Ventures aims to bridge Eastern European with Silicon Valley

August 13, 2017

In late July a Russian fund management team announced the launch of Viaduct Ventures Fund 1, “to bridge early-stage startups from Eastern Europe with Silicon Valley,” focusing on Fintech, Big Data and IoT projects. The fund aims to raise $50 million, Viaduct Ventures Managing Partner Vadim Balashov told East-West Digital News. Its offices are located in Mountain …

New fund Viaduct Ventures aims to bridge Eastern European with Silicon Valley Read More

Russian team prepares $100 million ICO to challenge China in bitcoin mining

November 24, 2017

As Russia is being hit by the ICO (initial coin offering) fever, a company co-owned by Dmitry Marinichev, the presidential Internet commissioner, plans to raise as much as $100 million in cryptocurrencies. Russian Miner Coin (RMC) aims to help Russian entrepreneurs challenge China in Bitcoin mining, reports Bloomberg. The tokens issued will have rights to 18% of the revenue …

Russian team prepares $100 million ICO to challenge China in bitcoin mining Read More

Kaspersky Lab withdraws antitrust lawsuit against Microsoft in EU & Russia

August 10, 2017

Moscow-based cybersecurity firm Kaspersky Lab stated yesterday it would end a lawsuit against Microsoft in Europe and Russia. The US company has agreed to change the way it uses its dominant position in the PC operating system market. “Microsoft has announced today that it is addressing the concerns we recently raised with select governing organizations in Russia …

Kaspersky Lab withdraws antitrust lawsuit against Microsoft in EU & Russia Read More

Russian indoor navigation startup raises $900,000 to develop across Europe and the USA

August 8, 2017

Navigine, a Russian-American startup that develops indoor navigation and tracking systems, has just raised $900,000 in funding from a pool of Russian, Finnish and US investors represented by Finnish investment firm Innovestor. Among these backers is US angel investor John Ason, who was Navigine’s mentor in a Russian accelerator program in New York last year, reports the Skolkovo …

Russian indoor navigation startup raises $900,000 to develop across Europe and the USA Read More

Legal experts warn: Russia’s ‘Big Brother law’ contradicts new EU regulation, putting at risk international data exchanges

August 7, 2017

The legislation adopted last year in Russia to strengthen state control over digital communications is not fully compatible with the new EU regulation in the field of personal data protection, believe Russian experts interviewed by the business daily Vedomosti and East-West Digital News. Such a contradiction, if confirmed, would expose Russian mobile operators to considerable …

Legal experts warn: Russia’s ‘Big Brother law’ contradicts new EU regulation, putting at risk international data exchanges Read More

Major international forum to address hot political, business and technology issues (Poland, Sept. 5-7)

August 7, 2017

The 27th edition of the Krynica Economic Forum, an important meetup for decision-makers in Central and Eastern Europe, will be held under the title “Project Europe: A Recipe for the Coming Decades” in Krynica-Zdrój, Poland in early September. Every year, this three-day event gathers together thousands of people — including prominent figures — from political, business, technology …

Major international forum to address hot political, business and technology issues (Poland, Sept. 5-7) Read More

Russian funds launch giant investment programs on the global fintech scene

August 3, 2017

As global fintech investment might reach new heights this year, Russian players are in the game with several Moscow-based firms announcing plans to invest massively in this industry. Thus two asset management companies, Fintech Capital and Da Vinci Capital, are launching a $200 million debt finance fund for fintech companies. FinTech Capital is owned by ID …

Russian funds launch giant investment programs on the global fintech scene Read More

Vladimir Malugin of PayPal Russia: Russian e-merchants are asserting themselves on the global market

August 3, 2017

The market of goods being sold from Russia to foreign customers is already significant, PayPal Russia’s Head Vladimir Malugin said in a recent interview with The Moscow Times. This market was worth about $2 billion last year, up 32% from 2015, according to a research conducted jointly by PayPal and the Data Insight agency. Digital goods …

Vladimir Malugin of PayPal Russia: Russian e-merchants are asserting themselves on the global market Read More

New crypto platform helps you launch your own tokenized investment fund

August 31, 2017

Blackmoon Financial Group, a US financial technology and investment management company with Russian roots, today announced the launch of a Blockchain-based platform for tokenized vehicles. The Blackmoon Crypto platform presents itself as “a one-stop solution for asset managers to create and manage legally compliant tokenized funds.” From technology and infrastructure to legal framework and corporate …

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Censors retreat: Russian bloggers no longer required to officially registered

August 7, 2017

After exactly three years, Russian lawmakers have abandoned the government’s so-called “bloggers’ registry,” where popular bloggers were listed and theoretically subjected to more stringent media regulations, report the Russian media. According to a law passed in 2014, Russia’s telecom regulator Roskomnadzor has added several hundred mass media accounts, online communities, and public figures to the registry, …

Censors retreat: Russian bloggers no longer required to officially registered Read More

No Telegram servers moved to Iran, says CEO Pavel Durov

July 31, 2017

Mahmoud Vaezi, the Iranian communications and information technology minister, was quoted Sunday as saying that Telegram has transferred some of its servers into the country. “As a result of meetings with Telegram managers, some of its servers have been moved to the country,” Vaezi was quoted as saying by Iran’s ISNA news agency. But Telegram …

No Telegram servers moved to Iran, says CEO Pavel Durov Read More

US indicts Russian suspected of $4 billion bitcoin laundering scheme

September 27, 2017

A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. Alexander Vinnik was arrested in a small beachside village in northern Greece on Tuesday, according to local …

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