# Russia News
According to a BloombergQuint report published April 17, 2019, Gerald Banks, a financier who has in past managed part of a Russian oligarch’s business venture is set to open a cryptocurrency derivative fund. Financier Launches Cryptocurrency Hedge Fund Cipher Technologies Russian business tycoons are notoriously famous for their appetite for...
A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic. Russia Tightens Grip on the Internet Internet censorship has become one of the burning social issues...
Gazprom, a leading oil and gas company run by the Russian government, has announced the completion of a blockchain pilot that would enable the firm to use the nascent technology for recording gas contract details, reports local news source, Vestifinance on April 4, 2019. Gazprom Integrate Blockchain Technology Per sources...
Vladimir Potanin, Russia’s richest man, is mulling developing several digital market offerings including possible palladium-backed cryptocurrencies, reports Bloomberg, March 27, 2019. Palladium-Backed Digital Token The concept of commodity-backed cryptocurrency has ascended into prominence in a relatively short period. U.S. dollar-backed “stable coins” such as the ones issued by Tether and...
Alexander Vinnik, a Russian national suspected of orchestrating a $4 billion bitcoin fraud has lodged an appeal with a Greek court for his extradition to Russia, this according to Greek media outlet Kathimerini, March 21, 2019. Humanitarian Reasons Vinnik is the former operator of the defunct Russian cryptocurrency exchange BTC-e....
