Russia's Sberbank to Release Own Crypto Token

Sberbank, a state-owned largest Russian bank, is planning to launch a new blockchain-based trading platform with native token, 'Sbercoin'.

This was reported by Herman Gref, the CEO and chairman of Sberbank on Monday during the Investor Day. The bank is planning to svitch to


#Banks, #CryptocurrencyRegulations, #Russia, #Sberbank, #Stablecoin

Electricity Producers Сut Power to Crypto Miners in Yunnan Province

Authorities of Baoshan’s city in Yunnan province in China have ordered to local electricity producers to cut power to the crypto miners.

Several miners had informed about the issue local crypto journalist Colin Wu, sharing scanned copies of official order given to power p


#China, #Cryptocurrencies, #Mining

Facebook's Libra Rebrands to Diem

The Libra Association announced this morning that it has a new name — the Diem Association — and made some key hires ahead of its launch.

The new name is an attempt to distance the group from Facebook, and from its earlier controversies, according to statement of Stuart Lev


#CryptocurrencyRegulation, #Facebook, #Libra, #Stablecoin

Facebook’s Libra to Be Launched in January 2021

Facebook's Libra stablecoin could finally see the light of day as soon as January 2021, according to the recent Financial Times report. The exact launch date of Libra is still not known.

Citing three insiders, the Financial Times reported that the Libra Association plans to


#Cryptocurrencies, #Facebook, #Libra, #Stablecoins

Facebook Fined $6.1M by South Korean Information Watchdog

The Personal Information Protection Commission (PIPC) of South Korea has imposed a $6.1 million fine on Facebook for sharing personal information of millions of users without consent.

The fine was awarded by the PIPC after the probe revealed that the company shared


#Facebook, #Privacy, #SouthKorea

Russia May Recognize Bitcoin as Property

Russia's Prime Minister Mikhail Mishustin has unveiled the government's plans to amend the current laws for recognizing cryptocurrency as property.

Mikhail Mishustin has shared plans for cryptocurrency regulation in a recent government meeting. There have been discussions


#Bitcoin, #Cryptocurrencies, #CryptocurrencyRegulations, #Russia

Pizza Hut Venezuela Now Accepts Crypto

Pizza Hut Venezuela, one of the oldest restaurant chain, is now accepting bitcoin and other cryptocurrencies as payment.

Accepting сrypto has been possible thanks to a partnership with Cryptobuyer crypto exchange. Customers can pat for orders with bitcoin, dash and XPT, a


#Bitcoin, #Cryptocurrencies, #Venezuela