Sergey Solonin, co-founder of the Qiwi group, and TON investor to the tune of $17 million has decided to reissue his investment as a loan to Telegram, according to a report by Forbes Russia, May 16. Telegram Open Network troubles Following Telegram’s well-documented court battle with the U.S. Securities and Exchange Commission (SEC), the company missed its April 30 deadline to launch the TON network and was prohibited from distributing its Gram tokens. Investors were given until the end of Friday, May 15 to decide whether to accept an immediate refund of 72% of their initial investment, or provide the …

Qiwi Blockchain Teсhnologies (QBT) has launched a crypto investment dubbed “HASH,” local news outlet Kommersant reports June 29. QBT is a subsidiary of Russia’s leading payment service provider Qiwi. HASH, built on a “classic investment banking model” according to Kommersant, will provide a platform for initial coins offerings (ICO). Yakov Barinsky, QBT’s Chief Financial Officer (CFO), explained that HASH would “assist companies to go through the fundraising stage.” As per Kommersant, HASH plans to cooperate international funds that specialize in crypto asset investing. According to Barinsky, the company already works with ten such funds with the largest one having a …

Last weekend, leading experts of the Blockchain industry got together at Coinsbank networking event on the Turkish Riviera to discuss current issues in the sector. Speaking to Cointelegraph, Ronny Boesing, CEO of Coinsbank, described the event as a platform which was designed to connect people with the aim of changing the world with the Blockchain. The theme for this year’s Blockchain Party was “by connecting people bringing Blockchain tech to mainstream adoption.” Attendees from the US, UK, Finland, Germany, India, Latvia, Ukraine, Argentina, Russia, Serbia and Turkey were trying to answer one very tricky question: “What are the ways to …