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Alexander Vinnik, 38, was detained in Greece yesterday on the charges of laundering $4 billion with bitcoins. Local media reports that he might be connected to BTC-e, a cryptocurrency exchange used predominantly by the Russian-speaking community, that recently went offline.

Blockchain technology startup Tierion announced today that Fenbushi Capital has committed to participate in the upcoming Tierion Network Token sale.

Enterprise Ethereum Alliance (EEA) announced today that 34 organizations have joined the blockchain industry group since late May. This brings total membership to over 150 organizations added since the group’s launch in February of this year. EEA is now the world’s largest open-source blockchain initiative.

The Bitfury Group, a Blockchain technology company, has officially announced the launch of its open source enterprise-grade blockchain framework, Exonum, which will help businesses and governments bring their blockchain ideas and solutions to life.

Russia’s business ombudsman Boris Titov offered Elvira Nabiullina, the chairwoman of the country’s central bank, to use Japan’s experience in cryptocurrency regulation.

Alpari Group, Russia’s largest native forex broker, has joined growing list of international derivatives markets that offer cryptocurrency trading products announcing the launch of two bitcoin trading pairs, with the company now offering BTC/USD and BTC/EUR CFDs to traders.

Tuesday, July 4, 2017, Deloitte CIS and Waves Platform signed a memorandum on strategic partnership aimed at providing clients with comprehensive initial coin offering (ICO) services and customized blockchain solutions tailored for specific business tasks.

Russian parliament plans to review a bill that legalizes cryptocurrencies this September. According to Elina Sidorenko, the head of the parliament’s working group of cryptocurrencies, the bill, however, does not include provisions as to tax regulation of virtual money.