Yesterday a court in Moscow upheld the house arrest of Baring Vostok founder Michael Calvey on fraud charges despite the revelation that he has a malignant tumor. The US businessman faces embezzlement charges that he says are being used to pressure him in a business dispute. A Moscow court had ruled last month to extend the house …
US investor Michael Calvey kept under house arrest despite cancer revelation Read More
Roskomnadzor, the Russian Internet and telecom authority, announced today that it is lifting restrictions on access to Telegram. The regulator cited “Telegram’s readiness to combat terrorism and extremism” and referred to an agreement with the federal prosecutors. Earlier this month, as reported by Meduza, Telegram’s founder Pavel Durov urged the authorities to unblock Telegram and let its …
After failing to enforce ban, Russia unblocks Telegram Read More
Late last week the head of Russian Venture Company (RVC), Alexander Povalko, was arrested then placed by a Moscow court under house arrest for 45 days. The FSB (Federal Security Service) and police officers ransacked his home. It is the latest high-profile legal case to have rocked the Russian investment world — and market players have been …
RVC head under house arrest: Russian investment world rocked by yet another criminal case 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
Last week several court decisions brought new developments to the Baring Vostok case, which started one year ago with the arrest of the firm’s executive team. On Monday, Feb. 10, a Moscow court ruled to keep US citizen Michael Calvey and French Philippe Delpal under house arrest until May 13. The two expats had been …
One year after Michael Calvey’s arrest, the Baring Vostok case could soon come to an end Read More
Yesterday a Russian court fined Twitter and Facebook 4 million rubles ($62,845) each for their failure to comply with Russia’s personal data storage law. According to the Russian media, the court session was attended neither by the representatives of the two companies nor by those of Roskomadzor, the Internet and telecom regulator, which filed the …
Twitter and Facebook fined over Russian personal data storage law Read More
Facebook and Twitter have not provided yet the required information about the storage location of the Russian personal data they process, the authorities stated Friday. Roskomnadzor, the Internet and telecom regulator, said Friday the two companies could be forced to pay a fine ranging from 1 million rubles (approximately $16,000) and 6 million rubles ($94,000). …
Facebook, Twitter threatened with fines over data localization law Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends in Eastern Europe. Since January 2019, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from this region. This full-year 2019 review lists the most important investment and …
Yesterday a Moscow court prolonged the house arrest of US citizen Michael Calvey, French Philippe Delpal and other Baring Vostok executives for another month, until February 13. As reported by the TASS news agency, the investigation into the case is completed. All the defendants are charged with “embezzlement committed by an organized group or on …
Russian court extends house arrest of Michael Calvey and other Baring Vostok executives Read More
Although many of them are still wary about legalizing decentralized digital money, governments around the world are nevertheless tempted to tap into incomes from the cryptoconomy or feel obliged to prevent illicit uses of cryptocurrencies. With each step authorities take to achieve their goals in either of these directions, however, they inevitably add another layer …
Russia’s Supreme Court recognizes tokens as assets like money and property Read More
Rambler Group has withdrawn its claim against Twitch, a streaming service controlled by Amazon, over alleged piracy broadcasting of English Premier League games. No financial compensation has been sought or paid after Twitch withdrew the litigious content, as reported by Reuters. “We are glad that we reached the common understanding and closed the trial proceedings, and …
Rambler Group drops suit against Twitch over litigious sports content Read More
