Top Russian bank Sberbank plans to launch its stablecoin by spring 2021

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 “Digital transformation and prospects for regulating the digital economy,” Popov said that Sberbank applied with the central bank in early January, explaining that the registration procedure usually takes no longer than 45 days. As such, the bank may…

Bluzelle’a February Mainnet Launch Will Make Room for Polkadot

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CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange

Digital asset manager CoinShares is launching a Bitcoin exchange-traded product, or ETP, on the SIX Swiss Exchange. According to a report from Bloomberg today, the Bitcoin ETP will go live on Switzerland’s principal stock exchange tomorrow under the ticker symbol BITC. Each ETP will be physically backed by 0.001 Bitcoin (BTC) — worth roughly $36 at the time of publication. The custodian behind the ETP will be Komainu, the custodian established by CoinShares in partnership with Japanese bank Nomura Holdings and hardware wallet manufacturer Ledger during June 2020. “A lot…

Legendary Soccer Club AC Milan to Launch Fan Token

Key Takeaways AC Milan is launching a fan token via the social platform Socios.com. Holders of the token will gain access to key voting decisions, as well as special rewards and experiences. Other notable soccer clubs on Socios include FC Barcelona, Juventus and Paris Saint-Germain. Share this article AC Milan is launching a fan token. Owners of ACM will be able to vote in key club decisions and benefit from rewards.    AC Milan Moves On-Chain  AC Milan is moving onto the blockchain.  The legendary soccer club has partnered with the…

Stacks’ big week sees major partnerships follow mainnet launch

Stacks, an open-source network for building smart-contract and DeFi bridges to Bitcoin (BTC), has secured several major partnerships in the wake of its mainnet launch — sending a strong signal that industry players are keen to back new use cases for BTC. The Stacks 2.0 mainnet officially launched on Thursday, bringing the promise of new use cases for Bitcoin based on the Clarity smart contract language. As Cointelegraph reported, Stacks 2.0 is attempting to broaden Bitcoin’s utility beyond the digital-gold narrative to include decentralized finance and smart contracts. That includes…

Stacks announces major partnerships following mainnet launch

Stacks, an open-source network for building smart-contract and DeFi bridges to Bitcoin (BTC), has secured several major partnerships in the wake of its mainnet launch — sending a strong signal that industry players are keen to back new use cases for BTC. The Stacks 2.0 mainnet officially launched on Thursday, bringing the promise of new use cases for Bitcoin based on the Clarity smart contract language. As Cointelegraph reported, Stacks 2.0 is attempting to broaden Bitcoin’s utility beyond the digital-gold narrative to include decentralized finance and smart contracts. That includes…

Stacks mainnet launch brings smart contracts and DeFi to Bitcoin

Stacks, formerly Blockstack — an open-source network for building decentralized applications — has an ambitious vision to bring smart contracts and decentralized finance to the Bitcoin (BTC) network.  On Thursday, the developer community celebrated the launch of Stacks 2.0, a bridging toolkit that allows developers to build on Bitcoin. Stacks 2.0 is described as a layer-one blockchain with a native bridge to Bitcoin. The toolkit is underpinned by the Clarity smart contract language, a joint open-source protocol supported by Blockstack and Algorand. From an industry perspective, the launch of Stacks…

Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch

The Cream Finance project, a lending protocol that recently merged into the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the once-popular TV show Game Of Thrones. Cream’s Iron Bank is an attempt to create a decentralized finance equivalent of corporate debt. The announcement, released on Thursday, explains how the market for peer-to-peer lending in traditional finance, worth $70 billion, pales in comparison with the world of corporate credit, with $10 trillion in loans outstanding. To create a similar industry in DeFi, Cream…

Gemini exchange to launch credit card with 3% cashback rewards paid in Bitcoin

Users of the Gemini exchange can now sign up for a cryptocurrency rewards credit card that lets them earn up to 3% back in Bitcoin (BTC). The Winklevoss-led exchange and custodian announced Thursday that the waitlist for the Gemini Credit Card is now open. According to an announcement shared with Cointelegraph, the new card will be launched later this year. Gemini disclosed that it has acquired Blockrize, a crypto payments startup headed by product developers formerly of American Express, JPMorgan Chase, Google and BitMEX. Blockrize has a waitlist of 10,000…

DeFi Project StaFi to Launch Synthetic Ethereum, Polkadot Tokens

Key Takeaways StaFi released an update with details about the launch of rTokens which function as synthetic representations of staked assets. The project’s founder said that rTokens for ETH and FIS are already under audit. Integration with Polkadot is still under development, and more PoS assets will be included. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Staking protocol StaFi has updated users with its 2021 roadmap after falling behind on a few key milestones.  StaFi Announces Product-Packed First Quarter Users…