CryptoClan (ENG)

2022-02-23 15:08:01 EL Salvador Proposes Offering Citizenship To Foreign Investors

The Salvadoran president had promised that he intends to make El Salvador a freedom-centric country in such a time when other countries in the world have fallen into “Tyranny”. Open / Comment

2022-02-23 12:33:01 According to Glassnode, the supply of bitcoins that have been held for more than half a year has reached a record high, about 76.5%; the current supply of bitcoins that have been held for more than 10 years is about 12.6%, about 2.39 million BTC. Open / Comment

2022-02-23 10:55:33 Korea's largest bank to launch the country's first crypto investment fund

Kookmin Bank, South Korea's largest bank by net assets, plans to launch crypto investment products targeted at retail investors, according to an announcement.

The bank has formed a Digital Asset Management Committee with the aim to launch a crypto exchange-traded fund (ETF) and future products as soon as regulation in the country allows. Open / Comment

2022-02-22 17:12:01 Kazakhstan loses its leadership in Bitcoin mining

According to the data, Kazakhstan accounts for about 18% of the world's BTC hash rate. But due to the political unrest, 10 times increase of the electricity cost and other reasons, it will lead to the decrease of the hash rate.

Several major mining companies, such as BIT Mining, have already canceled their expansion plans in Kazakhstan. According to a filing with the SEC on Feb. 17. Also, 13 illegal mining farms ceased operations.

Thus, Kazakhstan and Russia will probably lose a significant portion of their hashrate. And the United States, Canada and Germany will be able to increase their numbers. At the moment Bitcoin hashrate is at its maximum values. Open / Comment

2022-02-22 12:10:21 Bank of Spain grants Bit2Me its first cryptocurrency exchange license

The Bank of Spain has registered Bit2Me as the country's first licensed virtual-to-fiat currency exchange and e-wallet storage service provider.

Bit2Me offers services to residents from more than 100 countries around the world. Recall that in November 2021, the Bank of Spain requested information from the country's leading financial institutions about plans related to cryptocurrencies. Open / Comment

2022-02-22 12:02:26 KB Bank will launch South Korea's first crypto fund

The investment fund will be the first offered by a bank in the country and is expected to include a type of crypto index and ETF.

Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors.

The firm has formed a committee to prepare for digital asset management. The entity will handle market research, investment strategy development, as well as risk assessments and compliance issues for investment funds. Open / Comment

2022-02-21 21:11:01 Kraken CEO Advices Investors to Consider Peer-to-Peer Trading Platforms

Bitcoin and other cryptocurrencies are still being used to support demonstrators in Canada. For some of the demonstrators, Prime Minister Justin Trudeau’s recent invocation of the Canada Emergencies has had dire consequences. Jesse Powell, CEO of Kraken, has urged investors to avoid centralized exchanges as the Canadian government moves to freeze the accounts of protestors in the Freedom Convoy.

Deputy Prime Minister Chrystia Freeland revealed in a video aired on True North that crypto accounts detected by the RCMP have been blocked and that more would be frozen. Jess Powell responded to the video. According to Prime Minister Justin Trudeau, accounts are being frozen in accordance with restrictions given to financial service providers. Open / Comment

2022-02-21 18:01:01 Over 4,000 ‘criminal whales’ holds over $25B worth of cryptocurrency: Chainalysis report

According to the data, over 4,068 criminal 'whales' hold over $25B in cryptocurrency from a multitude of illicit sources and represents 3.7 per cent of all cryptocurrency whales. Cryptocurrency theft grew even more, with roughly $3.2B worth of cryptocurrency stolen in 2021 - a 516 per cent increase when compared to 2020.

In November 2021 the Internal Revenue Service Criminal Investigations division of the US announced that it has seized over $3.5B worth of cryptocurrency in 2021 - all from non-tax investigations - representing 93 per cent of all funds seized by the division during that time period. Open / Comment

2022-02-21 15:12:01 Next bitcoin bull run won't happen until end 2024, says top crypto exchange co-founder

Bitcoin may not see a bull market until late 2024, when the next "halving" event is scheduled to take place, Huobi co-founder Du Jun said. Open / Comment

2022-02-21 12:38:55 Andrew Yang Wants Web3 to 'Lean In' to Lobbying With New DAO

Andrew Yang, a former candidate for U.S. president and New York City mayor, is on a barnstorming tour of… Denver.

Long an advocate of tech innovation, Yang stopped by the ETHDenver conference and hackathon to pitch his latest project: Lobby3 DAO. Speaking directly to the audience, many of whom have only recently gotten a taste of crypto, Yang urged them to get politically active. "We need you to lean in and help lead," he said. Open / Comment