<h2>A large Russian financial institution is a cryptocurrency enthusiast.</h2>Russia is a country full of contrasts also when it comes to the approach to cryptocurrencies. In January 2022, the Russian central bank wanted to ban cryptocurrencies, and currently one of the largest Russian banks, Sber - previously known as Sberbank, is developing its blockchain platform more and more dynamically and strives for integration with the Ethereum blockchain.<h3>Russia will accept cryptocurrencies</h3>On November 30, the Russian bank Sber announced plans for its proprietary blockchain platform. The bank's idea is to be compatible with smart contracts and a number of decentralized applications on the Ethereum network.Sber also plans to integrate with ConsenSys' MetaMask wallet, which, after the change of regulations, was criticized by the cryptocurrency community for its decision to track users' IP. However, this does not discourage the Russian institution, which has a very loose approach to privacy protection, similarly to other financial institutions from this country.The integration itself means that Sber users and developers will be able to issue their own tokens and create smart contracts, which they will then transfer to the Ethereum blockchain.In addition, integration with the bank's IT systems will make it possible to make payments in smart contracts in Russian rubles.The company's actions may be related to the statement of Russian President Vladimir Putin, who in late November called for the creation of an open billing network based on blockchain.

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<h2>Duża rosyjska instytucja finansowa jest entuzjastą kryptowalut.</h2>Rosja to kraj pełen kontrastów, także jeśli chodzi o podejście do kryptowalut. W styczniu 2022 r. rosyjski bank centralny chciał zakazać kryptowalut, a obecnie jeden z największych rosyjskich banków, Sber - wcześniej znany jako Sberbank, coraz dynamiczniej rozwija swoją platformę blockchain i dąży do integracji z blockchainem Ethereum.<h3>Rosja zaakceptuje kryptowaluty</h3>30 listopada rosyjski bank Sber ogłosił plany dotyczące własnej platformy blockchain. Ideą banku jest kompatybilność z inteligentnymi kontraktami i szeregiem zdecentralizowanych aplikacji w sieci Ethereum.Sber planuje również integrację z portfelem MetaMask firmy ConsenSys, który po zmianie przepisów został skrytykowany przez społeczność kryptowalutową za decyzję o śledzeniu IP użytkowników. Nie zraża to jednak rosyjskiej instytucji, która ma bardzo luźne podejście do ochrony prywatności, podobnie jak inne instytucje finansowe z tego kraju.Sama integracja oznacza, że użytkownicy i deweloperzy Sber będą mogli wydawać własne tokeny i tworzyć inteligentne kontrakty, które następnie przeniosą na blockchain Ethereum.Ponadto integracja z systemami informatycznymi banku umożliwi dokonywanie płatności w smart kontraktach w rublach rosyjskich.Działania firmy mogą być związane z wypowiedzią prezydenta Rosji Władimira Putina, który pod koniec listopada wezwał do stworzenia otwartej sieci rozliczeniowej opartej na blockchainie.

Rosyjski bank Sber zamierza zintegrować się z blockchainem Ethereum

<h2>Крупный российский финансовый институт - энтузиаст криптовалют.</h2>Россия - страна, полная контрастов, в том числе и в отношении к криптовалютам. В январе 2022 года российский центральный банк хотел запретить криптовалюты, а в настоящее время один из крупнейших российских банков, Сбер - ранее известный как Сбербанк, все более динамично развивает свою блокчейн-платформу и стремится к интеграции с блокчейном Ethereum.<h3>В России будут принимать криптовалюты</h3>30 ноября российский банк "Сбер" объявил о планах по созданию собственной блокчейн-платформы. По замыслу банка, она должна быть совместима со смарт-контрактами и рядом децентрализованных приложений в сети Ethereum.Сбер также планирует интегрироваться с кошельком MetaMask от ConsenSys, который после изменения правил был раскритикован криптовалютным сообществом за решение отслеживать IP-адреса пользователей. Однако это не обескураживает российское учреждение, которое имеет очень свободный подход к защите конфиденциальности, как и другие финансовые учреждения этой страны.Сама интеграция означает, что пользователи и разработчики "Сбера" смогут выпускать собственные токены и создавать смарт-контракты, которые они затем перенесут на блокчейн Ethereum.Кроме того, интеграция с IT-системами банка позволит проводить платежи в смарт-контрактах в российских рублях.Действия компании могут быть связаны с заявлением президента России Владимира Путина, который в конце ноября призвал к созданию открытой биллинговой сети на основе блокчейна.

Российский банк "Сбер" намерен интегрироваться с блокчейном Ethereum

<h2>Ein großes russisches Finanzinstitut ist ein Liebhaber von Kryptowährungen.</h2>Russland ist ein Land voller Gegensätze, auch wenn es um den Umgang mit Kryptowährungen geht. Im Januar 2022 wollte die russische Zentralbank Kryptowährungen verbieten, und derzeit entwickelt eine der größten russischen Banken, Sber - früher bekannt als Sberbank - ihre Blockchain-Plattform immer dynamischer und strebt eine Integration mit der Ethereum-Blockchain an.<h3>Russland wird Kryptowährungen akzeptieren</h3>Am 30. November gab die russische Bank Sber Pläne für ihre eigene Blockchain-Plattform bekannt. Die Idee der Bank ist es, mit Smart Contracts und einer Reihe von dezentralen Anwendungen im Ethereum-Netzwerk kompatibel zu sein.Sber plant auch eine Integration mit der MetaMask-Wallet von ConsenSys, die nach der Änderung der Vorschriften von der Kryptowährungsgemeinschaft für ihre Entscheidung, die IP der Nutzer zu verfolgen, kritisiert wurde. Dies entmutigt jedoch nicht die russische Institution, die einen sehr lockeren Ansatz zum Schutz der Privatsphäre hat, ähnlich wie andere Finanzinstitute aus diesem Land.Die Integration selbst bedeutet, dass Sber-Nutzer und -Entwickler in der Lage sein werden, ihre eigenen Token auszugeben und intelligente Verträge zu erstellen, die sie dann auf die Ethereum-Blockchain übertragen werden.Darüber hinaus wird die Integration mit den IT-Systemen der Bank es ermöglichen, Zahlungen in Smart Contracts in russischen Rubeln vorzunehmen.Das Vorgehen des Unternehmens könnte mit der Erklärung des russischen Präsidenten Wladimir Putin zusammenhängen, der Ende November die Schaffung eines offenen, auf der Blockchain basierenden Abrechnungsnetzwerks forderte.

Die russische Bank Sber will sich in die Ethereum-Blockchain integrieren

Russian bank Sber aims to integrate with the Ethereum blockchain

<h2>Considerable interest in non-fungible token technology has led to significant changes in the cryptocurrency sector.</h2>The broadly understood NFT market has been sending us subtle signals for some time that it is periodically trying to recover from the impact of the strong bear market that inevitably reached this sector. It is not difficult to quickly come to the conclusion that the prices of top tokens from key collections are still significantly away from the levels of the glory days, which ended around the first quarter of 2022. Despite this pessimistic fact, a certain change in the balance of power in this innovative sphere can be noticed. It is worth adding that so far, the Ethereum blockchain has been the network where non-fungible tokens were traded most frequently. In the end, however, Ethereum had to hand over the leadership position to its long-time competitor, Bitcoin.<h3>NFT trade is booming, but on a different blockchain</h3>Built, among others, by the popular programmer Vitalik Buterin, the Ethereum blockchain has for a long time been associated primarily with the fact that it is the cyberspace where by far the most non-fungible tokens (NFTs) are minted and where the highest trade rate in terms of turnover volume takes place.Recently, however, a revolutionary change took place, which led to BTC taking first place in terms of volume in the last 7 days.<h4>Latest data from the NFT market</h4>The latest data from the platform analyzing turnover volumes in the NFT sector shows that during the week Ethereum decreased by 3.72%, while tokens minted using the Ordinals protocol in the BTC network contributed to an increase by as much as 22.47 %, which led to this network ranking in first place.Finally, it is worth adding that the weekly volume here reached USD 101.3 million. In the case of the Ethereum protocol, it is USD 95.1 million. In third place, without any surprise, was Solana, which recorded a strong jump of 55% over the last week, and the trading volume of non-fungible tokens amounted to USD 66 million.

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Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

<h2>A financial company draws a positive forecast for one of the largest cryptocurrency projects</h2>The recent BTC price rally has sparked new enthusiasm in the world of digital currencies, and with it, increased interest in other cryptocurrencies. According to the forecasts of a widely recognized asset management company - VanEck - Solana (SOL) has a good chance of achieving noticeably better results than Ethereum (ETH) by 2024.<h3>Can Solana beat Ethereum?</h3>The spectacular increase in value by as much as 212% in just the last 60 days has resulted in Solana's share on the cryptocurrency market significantly increasing. Digital currency analysts also expect Solana's price oracle platform, Pyth, to likely overtake Chainlink in terms of total value secured (TVS) soon. It is worth adding here that despite Chainlink's current market dominance, analysts deeply believe that the innovative system architecture will make Pyth ultimately defeat its most serious rival.It is worth noting that Solana is currently trading at an average price of $73 per coin, and its price has increased by over 11% in just the last 24 hours. Moreover, there was also an additional increase in 24-hour trading volume to levels exceeding even USD 4.1 billion.Financial firm VanEck additionally forecasts that Ethereum will likely not reach a higher market capitalization than Bitcoin (BTC) until 2024. While Ethereum is likely to outperform other major tech stocks, Bitcoin's regulatory transparency and scale of energy efficiency are widely expected to attract interest from state-owned entities in Asia, Latin America, and the Middle East.Despite Ethereum's very decent results, according to the most common forecasts, it will probably lose market share to other smart contract platforms, such as Solana, whose main competitive advantage is that it can boast a much more reliable scalability schedule. Finally, it is impossible not to mention that Argentina is expected to join the countries sponsoring BTC mining at the state level. This would mean that Argentina would follow in the footsteps of countries such as the United Arab Emirates, El Salvador, Bhutan and Oman.

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Solana will beat Ethereum in some respects by 2024, according to VanEck

<h2>Cryptocurrency investors who expect the sector to decline suffer significant losses.</h2>According to data provided by the popular firm S3 Partners, short-term investors who focus on companies related to the oldest cryptocurrency suffered significant financial losses exceeding $6 billion in total by trying to short BTC in 2023. These losses were caused by a sudden but consistent reversal of the bearish trend on the Bitcoin chart , as well as the oldest cryptocurrency regaining key price levels.<h3>Traders have lost a fortune shorting Bitcoin-related companies</h3>Based on a report published by the analytical company S3 Partners, traders who at the beginning of 2023 adopted a bearish stance towards listed cryptocurrency companies such as Coinbase, Marathon Digital and MicroStrategy recorded losses of $6.05 billion.Due to the long-term increasing value of digital currencies, many investors taking short positions on shares of companies related to the crypto industry have made significant losses.In just the first three quarters of 2023, some short-term investors reduced their exposure to cryptocurrencies as the sector apparently rebounded. However, since Bitcoin's last low of $25.1K in September 2023, there has been a sustained and sharp increase in short selling totaling approximately $697 million as traders dramatically increased their exposure to what they perceived as an "overbought market." .In a sudden turnaround in the stock market, BTC experienced a significant increase in value and reached a new yearly high of over $44,300 on December 5 this year. This unexpected upward rally resulted in approximately $2.65 billion in losses for short-term investors.<h4>Strong increases in the value of BTC-related enterprises</h4>Undoubtedly, this year's increases in share prices of companies such as Coinbase and MicroStrategy may have been a challenge for many traders who were betting on shorting these shares. For the Brian Armstrong-led company, this year's 290% stock rally has resulted in losses estimated at about $3.5 billion for short-term traders. It is worth adding that this currently constitutes more than half of the total losses incurred in this way throughout 2023.Additionally, MicroStrategy's over 300% growth this year contributed to roughly $1.4 billion in losses for cryptocurrency traders. Despite the current strong growth in the market for digital currencies and related companies, some investors still decide to take short positions, most likely hoping that the upward rally will lose momentum at some point.

Russian bank Sber aims to integrate with the Ethereum blockchain

A large Russian financial institution is a cryptocurrency enthusiast.

Russia will accept cryptocurrencies

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall

Russian bank Sber aims to integrate with the Ethereum blockchain

A large Russian financial institution is a cryptocurrency enthusiast.

Russia will accept cryptocurrencies

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Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall