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Crypto Insight
03-06-2025
- Business
- Crypto Insight
Russia's largest bank Sber offers up Bitcoin-linked bonds
Russia's largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency's change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as Sberbank said in a statement on May 30. The listing will ensure transparency, liquidity and convenience for a wide range of qualified investors, Sber added. Sber said the structural bond could allow holders to earn income from the change in dollar value in Bitcoin and the strengthening of the dollar against the Russian ruble. 🇷🇺 LATEST: Russia's largest bank Sberbank launches structured bonds tied to Bitcoin and USD/RUB, with $BTC futures set to list on Moscow Exchange June 4. — Cointelegraph (@Cointelegraph) June 2, 2025 The bank said that all transactions are carried out in rubles within Russia's regulatory framework, so investors don't need to rely on crypto wallets or unregulated platforms. Sber said it would also offer exchange-traded products providing exposure to crypto on its SberInvestments platform, starting with a Bitcoin futures product, which the bank said should be listed on June 4 once the Moscow Exchange officially launches the product. Russia's top bank gives the green light to crypto products Sber's move comes as Russia's central bank permitted financial institutions to offer certain crypto financial instruments to accredited investors on May 28. However, a key stipulation of the Bank of Russia's announcement was that financial institutions could not offer cryptocurrencies directly. The Moscow-based T-Bank, formerly Tinkoff Bank, rolled out an investment product tied to Bitcoin's price on the same day, referring to the product as a 'smart asset' that is issued through the Russian state-backed tokenization platform Atomyze. The central bank reported that Russian residents hold around 827 billion rubles ($9.2 billion) worth of crypto on centralized exchanges in its review of the first quarter of 2025. Inflows into Russian crypto platforms also rose 51% to 7.3 trillion rubles ($81.5 billion) over the same timeframe, the same report found. Bitcoin holds a 62% share on Russian crypto exchanges, followed by Ether at 22% and stablecoins like Tether and USDC. Source:
Yahoo
06-05-2025
- Health
- Yahoo
Sidewalk Talk in downtown Kansas City brings attention to mental health
KANSAS CITY, Mo. — In your life, do you feel heard? That's the question a nonprofit spent Monday afternoon asking people in downtown Kansas City. The group called Sidewalk Talk launched in San Francisco 10 years ago. The event on Monday aimed to bring attention to mental health. Kansas City Royals honor fallen firefighter-paramedic Graham Hoffman May is Mental Health Awareness Month and Kansas City was the first stop on the nonprofit's tour. Organizers set out some chairs and had trained listeners hear people talk about whatever they want. The impact of it all can't be put into words. Therapist Traci Ruble has spent the last 10 years making mental health awareness a community project. 'I truly believe that we are responsible for one another's mental health by how we show up,' Ruble said. So she founded Sidewalk Talk and created an army of trained listeners around the country to help people feel not alone in their personal battles. 'That's the miracle of this listening project, is that once someone has been listened to they come up with the solutions for their life its really amazing,' she added. Ruble said the nonprofit that was born in San Francisco is now touring the entire country. All it takes, a couple of lawn chairs, some friendly faces, and just like that, people who are strangers to one another show up and talk. 'They want to see somebody they can trust or they can talk to and listen and care,' Ahmad Alirani said. Alirani said he pulled up a seat and had a conversation. 'It's too many people around here who don't have anyone to talk to,' he added. That's what Ruble hopes to change. Something everyone can be a part of. She said they're not a mental health crisis intervention team, they're listeners. —You Matter: Find mental health resources and stories on you are thinking of hurting or killing yourself: Call or text 988 or chat at . Please get help immediately. If you want to support this project, Ruble said you take a . You can donate as much money as you want to take it. Their next stop is St. Louis. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
