Major Russian Bank Sberbank Files Application to Launch Its Own Stablecoin — Possibly Pegged to the Fiat Ruble

Russian Major Bank Sberbank Files Application to Launch Its Own Stablecoin — Possibly Pegged to the Fiat RubleA major Russian bank revealed an upcoming digital asset launch, which complements another of its latest crypto-related moves. Sberbank applied to register a platform to issue a token named “Sbercoin.” Bank Expects the Stablecoin Could Launch in the Spring of 2021 During an interview with 1prime, Anatoly Popov, Sberbank’s deputy chairman, said the bank made […]

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has seen a much larger transaction count all […]

Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network

Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its NetworkThe proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack. Firo Team Clarified the Attack Cannot Be Attributed to a ‘Coding Error’ According to a series of tweets published by […]

Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese Regulators

Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese RegulatorsEnjin coin became the first gaming cryptocurrency approved in Japan after clearing out the well-known tough country regulator’s requirements. The green light is possible through a partnership with Hashport. ENJ Is Set to Be Listed in Coincheck on January 26 According to the announcement, enjin coin (ENJ) was granted legal status by the Japan Virtual […]

Ethereum Could Touch $10,500 After Crypto Rises to Record High: Fundstrat Global

Ethereum Could Touch $10,500 After Crypto Rises to Record High: Fundstrat GlobalFundstrat Global Advisors strategist David Grider predicts that the price of ethereum could rally to $10,500 per unit after the cryptocurrency set a new all-time high on Tuesday. The estimate implies a near 700% upside on the current ether price hanging above the $1,300 range. According to Grider, ether (ETH) – the second largest digital […]

Analyst Lyn Alden Says Ethereum Is Still an ‘Unfinished Project’

A bitcoin (BTC) strategist and investor remain skeptical towards the Ethereum protocol, considering it an “unfinished product.” Lyn Alden, an advisor for the dollar cost averaging BTC investing app Swan Bitcoin, believes the network lacks a concrete model, “other than just speculation.” Alden Prefers Bitcoin’s Modular Design From an Engineering Perspective In a blog post […]

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a WeekDot, the native token of the Polkadot network, has flipped XRP to become the fourth-ranked token after its price rallied by more than 40% in just 24 hours. Since January 11, the token has now gone up by more than 100% to set a new all-time high (ATH) of $18.06 on January 16. With its […]

Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of PetroThe Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar During an annual speech at the National […]