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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. Popov also noted Sberbank has completed internal testing of the technology and is “ready to work with such a fiat currency,” the report stated. Meanwhile, Nebraska Sen.

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DC Bar: Lawyers Allowed To Take Digital Currency As Payment

PYMNTS

” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. This decision comes on the heels of other bars, including New York City, Nebraska and North Carolina, also deciding recently to allow virtual currency as payment, according to Bloomberg Law.

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The Blockchain Wave Isn’t Always Smooth Sailing

PYMNTS

Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. The publication said recent financial reports from the firm say it has $429,000 in available cash; bitcoin mining technology could cost millions.

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The top-performing community banks of 2021

Independent Banker

Whether it’s products and services, technology strategies or employee benefits, independent community banks decide on their own terms what’s best for their business and their customers. 3-yr average pre-tax ROA. Nebraska State Bank. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. Philadelphia.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

At the age of 26, Nebraska stockbroker and school teacher named Warren Buffett took his “retirement fund” of $174,000 and decided to start his own investment business. In the early 70s, See’s was able to produce about $2M a year (after tax) on just $8M in net tangible assets (including all accounts receivable.)

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Fintech Fundings: 113 Companies Raised $1.7 Billion in May

Fintech Labs Insights

HQ: Omaha, Nebraska. United Mobile Technology. Online tax preparation. Tags: Consumer, taxes, personal finance, tax prep. Source: Finovate. Carson Group. Wealth management platform. Latest round: $35 million. Total raised: $35 million. Source: Crunchbase. Password management & secure digital wallet.

Company 17
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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 Artificial intelligence technology. VAT tax refund solution . HQ: Omaha, Nebraska.