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CBDC Launch ‘May Cost Russian Banks $684m a Year’


Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed. The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants...

While NEO Price Explodes, These 3 Altcoins May 10x This Year


NEO, the cryptocurrency that powers the smart-contract-enabled Neo blockchain, hs been surging in 2023, and the rally isn’t showing any signs of stopping just yet. NEO/USD was last changing hands slightly to the north of $9.0 per token, up around 47% year-to-date, though the cryptocurrency has...

Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report


Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may face extradition to France. Another Co-Founder...

Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum


A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi...

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