Search This Blog

Showing posts with label Tech News. Show all posts

Co-founder of Qiwi Solonin provided Durov a loan of $17 million

Sergey Solonin, one of the founders of the Russian payment service Qiwi Group, decided to re-loan his investment in the blockchain project of Pavel Durov, the founder of Telegram and Vk, Telegram Open Network (TON), giving him a loan. In 2018, he invested $17 million in this project.

Recall that in 2018, the co-founder of Qiwi invested $17 million in TON. At that time, 175 investors participated in the project, who invested a total of $1.7 billion. The founder of the blockchain project stated that any project based on TON developments or using this name will not be related to Telegram.

On May 12, Durov announced the closure of the TON blockchain platform project and the Gram cryptocurrency blaming the American court. The TON blockchain platform was supposed to start working in October 2019, but then the U.S. Securities and Exchange Commission (SEC) initiated legal proceedings, demanding to recognize that the Gram cryptocurrency is securities, and therefore could not be registered in a simplified form, according to American law. Due to litigation, the launch of TON was postponed several times.

Before closing the project, Durov offered investors based outside the United States two options for choosing: to withdraw 72% of the funds invested in TON and Gram or to receive 110% of the originally invested amount by April 30, 2021. Only one option was offered to US residents - to return 72% of investments.

"Most of the investors with whom I spoke will take 72% of the initial investment," said Durov.
"I decided to re-loan his investment. Pavel has a smart team, I hope they will come up with something," said Mr. Solonin.

Solonin expects that the Telegram founder will be able to find new sources of income or a way to finance the company further within a year.

The Russian State Duma adopted a law on remote voting

The State Duma adopted in the second and third readings amendments of deputies of United Russia that simplify the organization of elections in the context of a pandemic. Both postal voting and remote electronic voting will now be possible for all levels of elections.

Recall that the beginning of the pandemic of coronavirus infection served as a kind of trigger for the introduction of remote voting. This was stated by the political party United Russia. For this purpose, an electronic voting system based on blockchain technology has been developed.

First Deputy Chairman of the State Duma Committee on state construction and legislation Vyacheslav Lysakov stated that the bill adopted by the State Duma is due to technological progress and digitalization of many areas of life.

"Taking into account modern realities, it is extremely important to modernize and promote processes, including voting. I think this is an absolutely normal step. We are moving towards reducing the paper document flow," explained the parliamentarian.

However, experts say that it is difficult to control voting in such an election.

"This is a very dangerous initiative in the conditions of general distrust of our electoral system. It is simply impossible to check that everything went correctly. Civil Control over this form of voting is reduced to a minimum," said Grigory Melkonyants, co-chair of the movement Voice for the protection rights of voters.

The expert added that it is impossible to verify that the voter votes personally, that the secrecy of the vote is respected. In addition, you cannot be sure that all votes will be correctly considered.
Earlier, E Hacking News reported that electronic voting in Russia is safe.