Ethereum Foundation Strikes Crypto Gambling Deal with Russian Development Bank

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The non-profit dedicated to supporting development of the ethereum protocol has signed a partnership with Russian state-owned development bank Vnesheconombank (VEB).

Announced in a joint statement yesterday, the Ethereum Foundation will work together with the VEB to support its new blockchain research center, providing specialist training for distributed ledger technology and the ethereum platform.

 

The partnership hopes to help foster a community of ethereum experts within Russia and to assist the formation projects based on ethereum and other blockchain.

 

Ethereum founder Vitalik Buterin said in statements:

 

“COOPERATION BETWEEN ETHEREUM AND VEB GIVES A UNIQUE OPPORTUNITY TO ENGAGE IN RESEARCH AND DEVELOPMENT ON THE USE OF BLOCKCHAIN TECHNOLOGY FOR PUBLIC ADMINISTRATION AND ACCELERATE THE ADAPTATION OF THIS TECHNOLOGY TO GOVERNMENT ORGANIZATIONS IN THE RUSSIAN FEDERATION,”

 

The official partnership signing took place at a blockchain event in Tatarstan this weekend called “Blockchain: The New Oil of Russia.” Senior officials from VEB are in attendance, as well as Buterin, who spoke at the event.

 

The partnership is part of a series of steps that Russia are taking towards blockchain implementation nationwide.

 

WOW FREE OMG tokens to be given to all Ethereum holders

 

OmiseGO, an Ethereum blockchain-based payment solution company, announced that it would issue 5 percent of the total OMG tokens it has set aside for Ethereum holders in the near future via an Crypto Gambling Airdrop or massive disbursement to blockchain wallet addresses.

 

According to OmiseGO, constraints such as time, opportunity, and technical prowess bar entry for many who wish to participate in token offerings. In a perhaps-good-natured move, OmiseGO wants to distribute wealth back into the ecosystem. Specifically, OmiseGO said, “Every address on the Ethereum blockchain that held a balance over a minimum threshold of 0.1 ETH at a recent past block height (TBA soon) will receive a share of this 5% that is proportionate to their share of ETH.”

 

OmiseGO expressed a simultaneous commitment to generosity and conservatism, and hopes to distinguish itself from typical token offerings by giving something back to the community from which it sprung. By OmiseGO’s account, “Introducing to a few hundred thousand account holders the possibility of being PoS validators will ultimately make the network stronger.”

 

As more details emerge surrounding the OMG distribution, ETHNews will provide additional coverage.

 

 

 

Mary Farris