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Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options

PYMNTS

The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax. Meanwhile, Nebraska Sen. Mike Flood introduced two bill drafts to allow Nebraska’s banks to provide digital asset custodial services, Cointelegraph reported.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Nebraska State Bank. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. Less than $300 million. The Philadelphia Trust Company. Philadelphia. Brazos National Bank. First Federal Bank, A FSB.

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The Blockchain Wave Isn’t Always Smooth Sailing

PYMNTS

Some policymakers are beginning to step into the space, including in the state of Nebraska, in which a lawmaker has submitted three bills focused on distributed ledger and cryptocurrency technology. Securities and Exchange Commission (SEC) has reportedly blocked trading for UBI Blockchain stock, based in Hong Kong.

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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. 19 report on Consumer Credit) translating to ~$70 more in interest per $10,000 in debt.

Trends 52
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Fintech Fundings: 113 Companies Raised $1.7 Billion in May

Fintech Labs Insights

HQ: Omaha, Nebraska. Password management & secure digital wallet. Online tax preparation. Online investment platform for secured loans. Tags: SMB, credit cards, expense management, bookkeeping, controls, security. Total raised: $35 million. Source: Crunchbase. Latest round: $22.5 million Series C. Invest.com.

Company 17
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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Canopy Tax (formerly Beanstalk). Tax & accounting practice management. HQ: Omaha, Nebraska. Tags: Security, fraud, payments, ecommerce, Finovate alum. Source: FT Partners. HQ: Salt Lake City, Utah. Latest round: $8 million. Total raised: $10 million. Source: Crunchbase. Fraud detection. Fraud detection.

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 million), mobile security provider Tyfone ($6.6 VAT tax refund solution . Total raised: $58.3