CryptoClan (ENG)

2022-02-12 16:14:01 Algorand Foundation Appoints JPMorgan, Nasdaq Alum Staci Warden as CEO -- Coin Desk

The Algorand Foundation, the Singapore-based entity behind the Algorand protocol, has appointed Staci Warden as CEO with immediate effect.

Warden has served on the foundation's board since September 2021, the foundation said in a statement today. Prior to Algorand she was an executive director at JPMorgan, running multilateral institution relationships in Europe, Africa, Russia and central Asia, according to her Linkedin profile. Open / Comment

2022-02-12 12:26:10 Samsung Introduces Crypto Wallet and Storage on New S22 Smartphone

Samsung has introduced the latest smartphone S22 with crypto wallet and storage.

The latest smartphone S22 is designed to provide crypto users with a more convenient and faster way to process transactions between digital assets by transferring funds from cold storage wallets to the Samsung blockchain. The press release by Samsung reports that the new smartphone S22 users to store digital credit and debit cards. Open / Comment

2022-02-12 11:27:54 Digital euro bill set to come in early 2023

While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year. Open / Comment

2022-02-11 21:11:01 All Stablecoins Exchanges Reserve hits an all-time-high by $27.2B Open / Comment

2022-02-11 18:46:01 Samsung unveils crypto wallet & storage in new S22 smartphone

The tech giant announced the Samsung Wallet at its “Unpacked 2022” virtual event which also saw the unveiling of its new Galaxy S22 Ultra smartphone. Open / Comment

2022-02-11 16:46:01 Russia Prepares To Regulate (Legalize) Bitcoin As Currency On February 18

HODLers in Russia have a reason to smile as holding cryptocurrencies in the country could soon be legalized. After previously proposing to ban cryptocurrencies, the Bank of Russia has now reached a consensus with the country's government on how to regulate cryptocurrencies.

The move signals the country's softening stance towards cryptocurrencies, and once adopted, these rules would likely further cement Russia's status as one of the world's leading bitcoin mining hubs. Open / Comment

2022-02-11 12:32:32 We've had a complete retail obliteration.

Simply put: all the supply is now held by LTH, no sell pressure, but also - nothing more to be taken. Job's done. This means blue skies ahead. Open / Comment

2022-02-10 20:33:02 Tesla made $627 million on bitcoin investments

In 2021, world-renowned electric car maker Tesla earned $627 million from its bitcoin investments.

According to the company's financial report for the last year, the company spent $1.5 billion buying bitcoins. Tesla sold $128 million worth of coins during 2021, and as of December 1, the value of coins on the company's balance sheet reached $1.99 billion.

Thus, the investment in the digital asset generated a profit of $627 million, while the profit of $499 million remained unrealized.

"We will continue to follow our investment strategy to meet our liquidity and risk reduction objectives. It includes purchases of U.S. Treasury securities, equities and digital assets."

"We believe in the long-term potential of cryptocurrencies as an investment vehicle and a liquid alternative to cash," Tesla said in the report. Open / Comment

2022-02-10 17:31:02 A UK lad makes $2million from a $50 investment by day trading crypto

Hanad Hassan made an investment of $50 in a cryptocurrency last year and within three months it was worth $1m.He then dropped out of university to focus on trading in the field, becoming a multi-millionaire.

Mr Hassan now wants to use his wealth to help people. "It's an eye-opening experience, seeing first hand what people are going through," Mr Hassan said. Open / Comment

2022-02-10 16:12:01 Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion

The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates. Open / Comment