Bitrue Bulletin| 28.1.2023 -5.2.2023 | | by Bitrue | Feb, 2023

From the Bitrue blog.

| 28.1.2023 -5.2.2023 |

Sberbank of Russia intends to introduce the DeFi platform on Ethereum — Sberbank, the largest bank in Russia, is moving ahead with the launch of its decentralised finance (DeFi) platform and is getting ready to test the offering in the next months. According to Konstantin Klimenko, the product head of Sberbank’s Blockchain Lab, the DeFi platform will begin open trials by May 2023, local news outlet Interfax reported on February 3.

DoJ is looking into Silvergate’s connections with FTX and Alameda — According to reports, the US Department of Justice’s fraud unit is looking into the cryptocurrency bank Silvergate because of its connections to the insolvent FTX exchange and its affiliates. According to a Feb. 3 story by Bloomberg, which cited “people familiar with the matter,” the investigation focuses on Silvergate’s hosting of accounts connected to the businesses of former FTX CEO Sam Bankman-Fried.

Ray Dalio: Bitcoin is not the answer — Dalio recently discussed his thoughts on Bitcoin as a potential remedy for the issues with fiat currency in an appearance on CNBC’s Squawk. The billionaire claimed it would be ineffective as a medium of exchange and a wealth store. Stablecoins, according to Dalio, are a carbon copy of state-backed currencies and would not function as a reliable medium of exchange. Bitcoin supporters were quick to react to the interview and point out that Dalio’s ideal of what money should be already applies to bitcoin.

This article came directly from the Bitrue blog, found on——2

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