‘Russia’s Ethereum’ Rejects Roots While Token Goes Parabolic (1)

The founder of a Russia-rooted blockchain project has revealed his Ukrainian background, after the price of his project’s token went parabolic -- partly thanks to its association with Russia.

In a volatile crypto market whipsawed by geopolitical tension, Waves, the native token of the Waves blockchain, has jumped by more than 170% in the past two weeks. Valued at more than $2.7 billion, the token is now the 51th largest cryptocurrency by market value, according to data on CoinGecko. Waves is best known as a public blockchain with strong links to Russian entities such as state-owned manufacturing giant Rostec ...