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Sberbank, the largest state-owned bank in Russia, has reportedly filed an application with the Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin.Sergey Popov, director of the transaction business at Sberbank, announced the news on Jan. 21 at a local financial event Russian news agency Interfax reports.At
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The Maps.me app is not just determined to overhaul the financial ecosystem around the travel industry, it is set to do it by paying attention to all the details of a mainstream functioning crypto ecosystem.Offline mapping service provider Maps.me has secured a fresh $50 million in a private funding round
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The move from Bakkt further complements the decision of Coinbase and other exchanges including Binance US, OKCoin which had removed XRP coin from their platforms.Bakkt, the digital asset marketplace backed by Intercontinental Exchange Inc, has revealed that it has no plans to support XRP coin, the digital asset closely associated
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MicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases. Source
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India-based investors may soon have to pay taxes on returns earned from bitcoin investments.The country’s income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter said, according to The Economic Times (ET), a
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Libra, the Facebook-linked stablecoin targeted continuously by lawmakers, might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned.According to a report by the Financial Times on Friday, the Libra stablecoin project might actually see the light of day, according to
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IDEX is betting three chains are better than one.The non-custodial cryptocurrency exchange, whose operations run on the Ethereum blockchain, announced Tuesday it plans to expand to the Binance Smart Chain and Polkadot networks. Hence, every holder of IDEX’s Ethereum tokens will get an equivalent number of IDEX tokens for each
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After running a year-long test, Digital Asset Investment Management (DAiM), a U.S.-based crypto investment advisor, has launched what it says are the first company-sponsored retirement plans supporting bitcoin. DAiM will serve as an advisor and fiduciary while helping companies create a 401(k) plan that allows a maximum allocation of up
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Mitsubishi UFJ Financial Group (MUFG), one of the largest banking institutions in Japan, is set to launch its high-speed blockchain payment network with the U.S.-based tech firm Akamai in 2021. MUFG and Akamai aim to provide cheaper and more efficient payment services via their joint venture Global Open Network (GO-NET). The
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U.S.-based asset manager, Digital Asset Investment Management (DAiM), has launched the country’s first employer-sponsored 401(k) retirement plans supporting Bitcoin.According to a Nov. 19 announcement, DAiM will serve as the advisor and fiduciary in helping companies “create a 401(k) plan that offers several recommended model portfolios of varying risk to traditional
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