Cointime

Cointime

Download App
iOS & Android

Russian Giant Sber Has Added Support for Ethereum and MetaMask

Sber, Russia’s largest bank, now supports the MetaMask cryptocurrency wallet. With the announcement of blockchain technology integration, the bank has taken a step forward into DeFi and Web3.

The announcement was made by the bank that used to be called Sberbank. The data indicated fresh possibilities for its internal blockchain.

This announcement fits very well with the it’s previous initiatives using digital assets. According to the source, this new blockchain will “include compatibility with smart contracts and applications on the Ethereum network.”

With this advancement, developers can now move smart contracts as well as the whole projects from Sber’s blockchain to public networks, as described in the blog post. This newest upgrade also includes support for the bitcoin wallet MetaMask.

Alexander Nam, who heads up the blockchain lab, commented on the new turn of events. He said:

“Sber Blockchain Lab works closely with external developers and partner companies, and I am glad that our community will be able to run DeFi applications on Sber’s infrastructure.”

Nam further highlighted that the new integration will help Sber bring together the development community and financial institutions.

Sber Has Adopted Blockchain Tech

Sber, the largest bank in Russia, conducted its first transaction involving digital assets on its platform in July this year. Recently, Sberbank has been in the forefront of Russian blockchain projects. Therefore, the bank has applied to introduce its stablecoin in 2021, the stablecoin will be called Sbercoin.

A DFA Transaction was introduced by Sber as recently as June, when the company’s application was approved. Next on that path is connecting Sber with the MetaMask cryptocurrency wallet.

Meanwhile, Russian banking giants are actively embracing digital financial innovation because of sanctions. Additionally, Vladimir Putin recently spoke about the benefits of developing a global payment system based on blockchain technology at the Artificial Intelligence Journey 2022 international AI and machine learning conference.

Comments

All Comments

Recommended for you

  • Strategy CEO: Company to Continue Adding More Bitcoin This Year

    On August 11, Strategy CEO Phong Le said in an interview with Fox News that the company will continue to accumulate more Bitcoin within this year.

  • BTC Falls Below $64,000

    Market data shows BTC has fallen below $64,000, currently trading at $63,998, with a 24-hour decline of 1.25%. Market volatility is significant; please exercise risk control.

  • Nvidia reportedly developing trillion-parameter open-source AI model Nemotron 4

    On August 11, Nvidia is developing a new generation of open-source artificial intelligence model, Nemotron 4, with an expected parameter scale of at least 1 trillion, aiming to compete with the world's leading open-source large models. Nvidia hopes to expand the application scope of AI through an open model ecosystem and further drive market demand for its GPU computing power. Nvidia has previously launched the Nemotron series of open-source models, including the Nemotron-4 340B series with 340 billion parameters, primarily used for large language model training data generation, model development, and enterprise AI applications.

  • Crypto-Friendly Bank Erebor Seeks $1.5B Funding with a16z Participation

    On August 11, Erebor Bank, a crypto-friendly bank co-founded by Oculus and Anduril founder Palmer Luckey and Palantir co-founder Joe Lonsdale, is seeking $1.5 billion in funding, with a pre-money valuation target of $8 billion. This valuation is nearly double the $435 million valuation the company had when it completed a $350 million funding round in December 2025. Erebor has already received support from investment institutions such as 8VC and Haun Ventures, and the new funding round is expected to attract participation from Lux Capital, Andreessen Horowitz (a16z), Human Capital, Valor Equity Partners, and SV Angel, among others. As AI infrastructure investment enters a phase of rapid expansion, Erebor is targeting the financing needs of AI companies. AI companies require substantial capital to purchase GPUs, build data centers, and secure energy supplies, while traditional financial institutions are gradually exploring financing models for AI infrastructure assets. However, whether Erebor can maintain rapid growth after the AI and crypto industry cycles cool down remains a key focus for the market. The funding round has not yet been finalized and is expected to be completed within the coming weeks.

  • Russia's Central Bank Adds Bitcoin, Ethereum, and USDT to Publicly Tradable Cryptocurrency List

    On August 11, the Central Bank of Russia included Bitcoin, Ethereum, and Tether (USDT) in the list of cryptocurrencies that can be publicly traded on domestic exchanges.

  • BTC Breaks Above $64,000

    Market data shows BTC has broken through $64,000 and is currently reported at $64,000.33, with a 24-hour decline of 1.53%. Market volatility is high, so please exercise caution and manage risks accordingly.

  • BTC Falls Below $64,000

    Market data shows BTC has fallen below $64,000, currently at $63,999.77, with a 24-hour decline of 1.89%. Market volatility is significant; please exercise risk control.

  • Vitalik Updates Ethereum Roadmap: Privacy, Post-Quantum Scaling, and Native Rollups Become New Priorities

    On August 10, Vitalik Buterin stated that he had compared the 2023 Ethereum roadmap with the current Strawmap. The overall direction still overlaps considerably, but some priorities and technical paths have been clearly adjusted, including raising the priority of quantum safety, downweighting VDF and some EVM improvements, and replacing old designs with solutions such as a unified binary tree, PBT, and new state types. He noted that the most notable change in the current Strawmap is the emergence of several new topics not included in the 2023 roadmap, reflecting a shift in Ethereum's R&D focus. These new priorities include: stronger native privacy support, aggressive scaling in a post-quantum context, specification streamlining for formal verification, Blob and Gas futures, native Rollups, and a more open design space for the future shape of the EVM. Vitalik also emphasized that Ethereum's scaling approach is shifting from 'expanding all activities comprehensively' to 'designing more scalable dedicated mechanisms for specific high-load scenarios,' and he regards STARK proofs and AI-accelerated formal verification as important foundations for the protocol's future. Overall, this update shows that the Ethereum roadmap is evolving toward quantum safety, privacy-first, censorship resistance, high performance, and simpler protocol design.

  • ETH Falls Below $1900

    Market数据显示，ETH has fallen below $1900, currently reported at $1899.19, with a 24-hour decline of 1.28%. The market is highly volatile. Please exercise risk control.

  • Microsoft Plans to Release Next-Gen MAIA 300 AI Chip in September

    On August 10, according to reports, Microsoft plans to release its next-generation MAIA 300 AI chip in September.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company