ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Friday Dec 15th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Vnesheconombank Clarifies Agreement Was Not With Ethereum Foundation, But With Ethereum Russia

By

Jeremy

Nation

WriterETHNews.com

Vnesheconombank provides new details regarding a recently signed agreement.

On August 31, 2017, according to reports, Vnesheconombank (VEB) clarified a misunderstanding about a previously made statement that suggested a partnership between itself and the Ethereum Foundation.

According to VEB’s clarification, the bank’s recent agreement is not with the Ethereum Foundation, but with a newly formed entity, Ethereum Russia, created specificly for the partnership. Ethereum Russia was founded by Vitalik Buterin and Vladislav Martynov, CEO of Yota Devices, a Russia-based mobile communication and device connectivity company.

In a statement about the miscommunication, Marytnov said, "We signed, not a partnership, a kind of collaboration agreement ... where we, and when I say we, it's Ethereum Russia, the company which is founded by Vitalik and myself, we provide, we provide specific support, we took a commitment to provide specific support to the bank."

This is not the first mix-up regarding Buterin's activities with Russian officials. As recently as June of this year, a brief meeting between Buterin and Russian president Vladimir Putin was blown out of proportion by media outlets that mistakenly reported Putin as endorsing Ethereum. With respect to that misunderstanding, the Ethereum Foundation explained to ETHNews the reality was although Buterin did meet with Putin for a short time, Buterin spent a majority of his visit speaking to industry leaders and government agencies about Ethereum applications and use cases.

ETHNews will continue to provide any new updates to this story as they develop.

Jeremy Nation

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Russia, Vitalik Buterin or other Ethereum world news.