bitcofun: FOUNDATION

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Wednesday, May 18, 2022

The Luna Foundation Guard Allegedly Sent 52k Bitcoin to Gemini and 28k to Binance to Try Stabilize UST's Peg

Summary:

The crypto neighborhood has actually started examining the circulation of the Luna Foundation Guard's Bitcoin reserves throughout USTs depegging occasion
According to one analysis, 52 k Bitcoin was sent out to Gemini and another 28 k to Binance, however it is unclear if the properties were offered
Another analysis by CryptoQuant states that 37 k BTC moved from the LFG wallet to Gemini, however there was no considerable increment in trade volume

Bitcoin reserves held by the Luna Foundation Guard (LFG) have actually been the topic of speculation regarding where all that BTC went throughout the depegging of UST.

According to crypto-twitter neighborhood member Luke Martin, the Luna Foundation Guard moved 52 k Bitcoin to Gemini and another 28 k BTC to Binance throughout a duration of a couple of hours. Mr. Martin was reacting to an earlier Tweet by CZ questioning what took place to all the Bitcoin that the Luna Foundation Guard owned and whether it was utilized as planned as a reserve for UST.

Apparently 52 k $ btc was sent out to Gemini and the rest (28 k btc) was sent out to Binance at 1am in a single deal. https://t.co/FFv9WKpTR6 pic.twitter.com/Wuf0GEDzeT
-- Luke Martin (@VentureCoinist) May 14, 2022

It is Not Clear Whether the Luna Foundation Guard Sold the Bitcoin

Mr. Martin was pricing quote an analysis done by the group at Elliptic.co, which highlighted that the transfers of Bitcoin by the LFG began on the early morning of May 9th. The very first deal by the LFG deserved 22,189 BTC and was sent out to a brand-new address. Later, another 30 k BTC was sent out from other LFG wallets to the exact same address. Within hours, 52,189 BTC was sent out to a single account at Gemini. On May 10 th, a different 28,205 BTC was sent out to Binance

The infographic listed below additional provides an in-depth circulation of the funds.

The Luna Foundation Guard Allegedly Sent 52k Bitcoin to Gemini and 28k to Binance to Try Stabilize UST's Peg 14 — Movement of LFG's Bitcoin. Source, Elliptic.co

The report even more clarified that it was 'not possible to trace the possessions even more or determine whether they were offered to support the UST cost.'

37 k Bitcoin had actually Been Loaned to Market Makers on May 9th

Similarly, the group at CryptoQuant had actually examined the motion of the LFG's Bitcoin and concluded that 37 k Bitcoin moved into Gemini on May 9th.

However a day previously, a comparable quantity had actually left Gemini to other exchanges. The deposit on May 9th on Gemini did not trigger a considerable increment in trade volume on Gemini, however it went on to escalate in other exchanges.

The 37 k Bitcoin pointed out above had actually been lent to market makers to try to support USTs peg. The Luna Foundation Guard had actually proceeded and signaled the crypto neighborhood on the motion of the 37 k Bitcoin through the following tweet.

Below is the brand-new LFG $ BTC wallet address: https://t.co/9t0NX3VEMI
Last clip withdrawn by the LFG was ~37 K BTC. Comparable to the last release, it has actually been lent to MMs.

Very little of the current clip has actually been invested however is presently being utilized to purchase $ UST
Updates coming.
-- LFG|Luna Foundation Guard (@LFG_org) May 9, 2022

Do Kwon Had Indicated that Terra Will Release Documentation on the Movement of LFG's Bitcoin

As earlier discussed, the motion of the LFG's Bitcoin reserves has actually been the topic of speculation for the last couple of days. Do Kwon had actually asked for persistence in recording the motion of the funds throughout this attempting duration for the group at Terra. He stated:

We are presently dealing with recording making use of the LFG BTC reserves throughout the depegging occasion. Please be client with us as our groups are handling numerous jobs at the very same time.

Saturday, May 14, 2022

Bitcoin Can Be The Foundation Of Human Rights

Article 14 of the Universal Declaration of Human Rights:

Everyone has the right to lookfor and to takepleasurein in other nations asylum from persecution.

60 years ago, it was not Syrians, Afghans, Iranians and individuals from numerous African states who had to leave their houses and lookedfor haven.

It was Kazakhs, Ukrainians, Jews, Poles, Russians and Germans who required a brand-new house priorto, throughout and after World War II. Displaced by an inhabiting power, by the judgment federalgovernment and by appetite and war.

Many had to leave their hometowns and were not able to take much with them, let alone transfer cash throughout nationwide borders. This is what tookplace to lotsof Jews. Refugees were denied of their staying belongings in Germany. In a perfidious method, the war and the extermination of the Jews were therefore co-financed.

Within experiences of these and other inhuman acts, the Universal Human Rights haveactually been specified. A commission led by Eleanor Roosevelt worked out 30 shortarticles under the auspices of the United Nations in1948

Reading these 30 posts, it endsupbeing clear that the possible bad man is frequently seen on the side of the state or federalgovernment.

The example of Russian opposition leader Alexei Navalny presently reveals how this works in practice. His structure is categorized by the state as “extremist” in order to validate turning off his gainaccessto to banking. Unpopular opposition can be included through financial policy.

Nasrin Sotoudeh, Nahid Taghavi, the Uyghurs in the Xinjiang area, Malcolm Bidali and so numerous more have likewise been denied of their standard rights by their own state power like this or through other methods.

The brave in a neighborhood, the businessowners, the stars who need modification and desertion of familiar structures oughtto be safeguarded by human rights.

The call for modification is constantly accompanied by the awakening of worries. In their view, in specific the rulers within a neighborhood can just lose in the face of modification and forthatreason usage cash and financial policy as possibly the most effective weapon to breach human rights.

The state‘s fiat cash is a appropriate instrument duetothefactthat it avoids independent control even in a democratic society. Richard Cantillon (1680s – 1734) found that cash production basically just advantages its developers. And cash production in its present kind is a digital journal at a bank. Not anylonger!

At this point, the intriguing buzzwords interest rates, loaning, redistribution, inflation, financialinvestment and development obsession oughtto be discussed.

The simple and previously innovative quality of cash, to be a universal things of exchange for other items or services, still uses, however this residentialorcommercialproperty has likewise led to individuals abusing it.

The bad men can make or develop a lot of cash and hence maintain their power.

Crazy World

Bitcoin separates cash from authorities. Bitcoin cannot be guided, developed, damaged or regulated in anybody's favor. Bitcoin is independent, antifragile, democratic and safeandsecure.

Proof-of-work makes Bitcoin the just independent cryptocurrency. And just Bitcoin is big today and therefore safe sufficient to withstand total guideline by states. It exists duetothefactthat we usage it.

Article 23 of the Declaration of Universal Human Rights:

1. Everyone has the right to work, to complimentary option of work, to reasonable and beneficial conditions of work and to defense from joblessness.

2. Anyone, without any difference, has the right to be similarly paid for equivalent work.

3. Everyone who works has the reasonable best to simply and beneficial reimbursement makingsure himself, herself or other and his household an presence deserving of human self-respect, and supplemented, if required, by other implies of social security.

Transferring cash for circumstances from the U.S. to El Salvador is technically easy, however there are often 10% or greater costs to the service serviceprovider. They take these horrendous charges duetothefactthat they can. This is one of the factors why El Salvador hasactually presented bitcoin as a legal tender.

Bitcoin has attributes that make me dream that globalization, and by that I mean shared success, works in such a method that everybody can getinvolved on an equivalent footing. Even as a "small" businessowner, I can getinvolved in worldwide payment deals without any difficulties. At the minute, according to researchstudy, 2.2 billion individuals are unbanked or underserved economically.

Bitcoin Can Fix This

Article 25 of the Declaration of Universal Human Rights:

1. Everyone has the right to a requirement of living appropriate for the health and wellness of themself and of their household, consistingof food, clothes, realestate and medical care and required social services, as well as the right to security in the occasion of joblessness, illness, specialneeds, widowhood, old age or other absence of income in situations beyond their control.

So where does cash discover its location in the Universal Declaration of Human Rights?

Without the word cash or currency being pointedout in any of the 30 posts, it is a aspect in nearly all of the specified rights. It is odd that little is stated about this and that the connections inbetween cash and human rights are not talkedabout more frequently.

Let us now thinkof including the following 31st post of universal human rights:

Article 31 of the Declaration of Universal Human Rights:

Everyone has the right to easily gainaccessto a healthy global currency!

This right would make it much mucheasier to impose other human rights.

Article 17 of the Declaration of Universal Human Rights:

1. Everyone has the right to own home alone as well as in association with others.

2. No one will be arbitrarily denied of his residentialorcommercialproperty.

The refugees of World War II, representing all the disenfranchised under National Socialism and Stalinism, would have had it mucheasier with Bitcoin, and the bad people would have had a much harder time.

Bitcoin is the satisfaction of the desire for noise cash. It exists. Compared to all other posts of the Universal Declaration of Human Rights, there is practically no requirement to battle for this . It is unstoppable!

This is a visitor post by Gregor Herbort. Opinions revealed are totally their own and do not always show those of BTC Inc or Bitcoin Magazine.

Monday, May 2, 2022

Ethereum Foundation Report Reveals $1.6B Treasury Holdings

The report marks the veryfirst time the Foundation has openly detailed its holdings.

The Ethereum Foundation hasactually released its veryfirst report. In addition to assisting the Foundation interact its vision to the neighborhood, the report likewise breaks down its $1.6 billion treasury holdings.

Ethereum Foundation Details Holdings

Ethereum’s biggest non-profit has exposed how much ETH it owns.

The Ethereum Foundation published a brand-new report Monday as part of its efforts to boost openness and interact its vision to the Ethereum neighborhood. The 28-page report exposed that the non-profit’s treasury holdings amountedto $1.6 billion as of Mar. 31, 2022.

Of the $1.6 billion, 80.5% is held in ETH, accounting for 0.297% of the overall ETH supply. The staying 19.5% of the Foundation’s portfolio is made up of non-crypto possessions and financialinvestments, and other cryptocurrencies.

The report likewise laidout how the Foundation handles its portfolio so that it can continue to supply financing to Ethereum community jobs. “The EF follows a conservative treasury management policy that guarantees we have adequate resources to fund the EF’s core goals even in the case of a multi-year market decline,” the report mentioned.

Additionally, the Ethereum Foundation likewise clarified its position on selling its ETH holdings to boost its non-crypto costsavings. The Foundation described that it actively offers parts of its ETH reserves in reaction to increasing costs to supply a higher security margin for its core budgetplan.

Previous times the Ethereum Foundation has cashed out consistof selling 70,000 ETH at the height of the 2017 bull market, 35,000 soon after the May 2021 peak, and another 20,000 the day after Ethereum hit its present all-time high of $4,878 on Nov.10 The exceptional timing of the Foundation’s ETH sales has led numerous in the crypto neighborhood to appearance out for its portfolio rebalances as a indication that Ethereum might have strike brief to medium-term highs.

The Ethereum Foundation is the biggest non-profit company supporting the Ethereum community. In 2021, the Foundation invested roughly $48 million on numerous efforts, consistingof Layer 2 researchstudy and advancement, zero-knowledge rollup applications, and neighborhood advancement.

Disclosure: At the time of composing this piece, the author owned ETH and anumberof other cryptocurrencies.

The details on or accessed through this site is acquired from independent sources we think to be precise and dependable, however Decentral Media, Inc. makes no representation or servicewarranty as to the timeliness, efficiency, or precision of any details on or accessed through this site. Decentral Media, Inc. is not an financialinvestment consultant. We do not provide individualized financialinvestment suggestions or other monetary guidance. The info on this site is topic to modification without notification. Some or all of the info on this site might endupbeing out-of-date, or it might be or endedupbeing insufficient or unreliable. We might, however are not bound to, upgrade any obsoleted, insufficient, or incorrect details.

You needto neverever make an financialinvestment choice on an ICO, IEO, or other financialinvestment based on the info on this site, and you oughtto neverever analyze or otherwise rely on any of the info on this site as financialinvestment suggestions. We highly suggest that you seekadvicefrom a certified financialinvestment consultant or other competent monetary expert if you are lookingfor financialinvestment guidance on an ICO, IEO, or other financialinvestment. We do not accept payment in any kind for studying or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or products.

See full terms and conditions.

“It Won’t Be in June”: Ethereum Foundation Member Hints at Merge...

Ethereum Foundation member Tim Beiko has exposed that Ethereum’s Merge to Proof-of-Stake will mostlikely be postponed. Ethereum Merge Faces More Delays Ethereum lovers might have to wait a coupleof months...

Ethereum and the Merge to Proof-of-Stake With Trent Van Epps

2022 is set to be Ethereum’s most crucial year . Though the date is still unidentified, the world’s most utilized blockchain is preparing to total “the Merge” from a Proof-of-Work...

Opinion: 2022 Is Ethereum’s Biggest Year Yet

With the Merge to Proof-of-Stake on the horizon, 2022 is a essential year for Ethereum. Ethereum Prepares for the Merge This time last year, as the huge bull run was...

Saturday, April 16, 2022

Avalanche Foundation, OP3N Launch $100M Web3 Culture Fund

Musical artist Grimes will put forward one of the veryfirst tasks under the brand-new effort, a "metaverse" kids's book.

Key Takeaways

Culture Catalyst hasactually released in collaboration with OP3N and the Avalanche Foundation in a $100 million effort.
Grimes and Ava Max will be launching material on OP3N as early factors.
The Avalanche Foundation revealed another nine-figure advancement effort earlier this month.

NFT launchpad platform OP3N has partnered with the Avalanche Foundation to launch Culture Catalyst, a $100 million effort indicated to shape Web3 homeentertainment organization designs. Specifically, Culture Catalyst looksfor to cultivate arts and homeentertainment tasks within the Avalanche community.

Culture Catalyst Launches

Avalanche is the recipient of a significant financialinvestment effort called Culture Catalyst, a $100 million financialinvestment effort developed to impact the instructions of arts and homeentertainment within Web3.

Culture Catalyst hasactually introduced in cooperation with OP3N, a non-fungible token platform for neighborhood structure, and the Avalanche Foundation, with the aid of a $100 million fund.

The Culture Catalyst application’s initially significant task comes from the musical artist Grimes, who revealed prepares to launch an “intergalactic kids’s metaverse book” on the Avalanche blockchain. Grimes keptinmind,

“When I veryfirst got into Web3, this was the kind of job I was hoping to see. OP3N represents the future of art financing, and Avalanche is offering the services we’ve all been requiring and desiring from the crypto neighborhood.”

Another artist, Ava Max, likewise partnered with Culture Catalyst on her next significant task—a brand-new music video, done togetherwith director Joseph Kanh.

OP3N justrecently got $10 million in seed financing from financiers such as Warner Music Group as well as people included in tasks and business consistingof The Sandbox, Axie Infinity, Yield Guild Games, and Twitch.

John Wu, Ava Labs’ president, stated:

“The Avalanche Foundation’s Culture Catalyst Initiative with OP3N marks a watershed minute for homeentertainment and pop culture applications on Avalanche. Users can anticipate the currently robust Avalanche NFT scene to grow into brand-new locations and be part of a fresh chapter in the history of culture on Web3.”

Earlier this month, the Avalanche Foundation launched its $290 million reward program for Avalanche Multiverse.

Disclosure: At the time of composing, the author of this piece owned BTC, ETH, and anumberof other cryptocurrencies.

The info on or accessed through this site is gotten from independent sources we think to be precise and trustworthy, however Decentral Media, Inc. makes no representation or servicewarranty as to the timeliness, efficiency, or precision of any info on or accessed through this site. Decentral Media, Inc. is not an financialinvestment consultant. We do not provide customized financialinvestment suggestions or other monetary recommendations. The info on this site is topic to modification without notification. Some or all of the details on this site might endupbeing out-of-date, or it might be or endedupbeing insufficient or unreliable. We might, however are not bound to, upgrade any dated, insufficient, or unreliable info.

You needto neverever make an financialinvestment choice on an ICO, IEO, or other financialinvestment based on the details on this site, and you needto neverever translate or otherwise rely on any of the details on this site as financialinvestment suggestions. We highly suggest that you speakwith a certified financialinvestment consultant or other competent monetary expert if you are lookingfor financialinvestment recommendations on an ICO, IEO, or other financialinvestment. We do not accept payment in any type for studying or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or products.

See full terms and conditions.

What is a Crypto Airdrop: Why Projects Airdrop Crypto

Crypto airdrops happen when brand-new tokens are easily dispersed to various wallets in order to drive preliminary development and develop a neighborhood. They represent a popular marketing technique that brand-new jobs usage to spread...

Avalanche Foundation Announces $290M for “Multiverse” Prog...

News Mar. 8, 2022

The Avalanche Foundation hasactually released a $290 million reward program called Multiverse to promote its brand-new “Subnet” performance. The Subnets’ planned energy is to motivate the advancement of a lively...

1inch Heads to Avalanche and Gnosis Chain

The decentralized exchange aggregator 1inch hasactually released on Avalanche and Gnosis Chain. 1inch Grows Multi-Chain Presence 1inch Network has revealed another growth. The decentralized exchange aggregator hasactually released its agreements...

Aave V3 Heads to Ethereum Layer 2, Fantom, Avalanche

Aave hasactually released its V3 upgrade. The upgrade will atfirst be released on Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony with Ethereum to follow in the future. Aave Unveils V3...

Thursday, March 3, 2022

EOS Foundation vs. Block.one, Crypto M&A Value Up 4,846%, Sport Deals With Tezos and Terra + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

__________

Legal news

The EOS Network Foundation, the organization set up to support the development of the EOS (EOS) ecosystem, is considering legal action against estranged parent Block.one, seeking USD 4.1bn in damages. CEO Yves La Rose tweeted that the foundation is taking steps to hold Block.one "accountable for its past actions and broken promises."
The couple charged with trying to launder billions of dollars worth of bitcoin stolen from the Bitfinex cryptocurrency exchange in a 2016 hack asked a Washington judge to reinstate a decision releasing them on bail, per Bloomberg. Ilya Lichtenstein and Heather Morgan have already shown they’ll participate in the case by staying put even after finding out months ago that they were under investigation and despite allegedly having access to a stash of hundreds of millions of dollars in BTC, their lawyer said in a filing challenging a US Justice Department request to keep them locked up.

Investments news

The total value of crypto mergers and acquisitions (M&A) in 2021 increased by 4,846%, while the average deal size has also increased threefold from USD 52.7m to USD 179.7m, driven by some mega USD >1bn SPAC deals, according to a new PwC report. 51% of all deals occurred in the Americas, but in terms of deal value, Europe, the Middle East, and Africa (EMEA) slightly edge it out with USD 25.5bn in this region.
The world's largest known cut diamond, a rare 555.55-carat black diamond, was bought by Richard Heart, founder of the Hex.com exchange, at an auction for GBP 3.16m (USD 4.28m). Heart is renaming the diamond from “The Enigma” to the “Hex.com diamond”.
The Philippine Digital Asset Exchange (PDAX) announced that it has raised more than USD 50m in funding led by Tiger Global, according to local outlet Fintech Philippines. The exchange, which is licensed by the Philippine central bank, Bangko Sentral ng Pilipinas, said that the funds will go towards building a safe and accessible infrastructure for the digital asset economy.
Ethernity, an Ethereum (ETH) non-fungible token (NFT) marketplace focused on drops from celebrities and athletes, announced that it has raised USD 20m in seed funding and established Ethernal Labs, a new umbrella company that will see Ethernity expand out its team to help celebrities and brands enter the NFT space, as well as expand into play-to-earn gaming and metaverse initiatives.
Bitcoin (BTC) payment provider OpenNode has closed a USD 20m Series A funding round led by UK firm Kingsway at a USD 220m valuation to fuel its global expansion. The company said its systems for businesses and platforms include payment buttons, hosted checkouts, e-commerce plug-ins, and optimized application programming interfaces (APIs).
XYO, a tech startup creating location-data software and devices, announced a strategic co-investment with Outliers Fund, a collective of joint research initiatives and venture funds with blockchain ecosystems, to develop and accelerate projects building in XYO Network. Both partners will invest up to USD 10m in equities and tokens building around the XYO ecosystem, totaling up to USD 20m.
Web 3 building platform Kyro Digital closed a USD 10m in Series A and SaaS revenue from several blockchain companies and native crypto venture funds. Kyro works with multiple chains, marketplaces and individual IP owners to make it easier to mint, launch and scale storefronts, marketplaces and DAOs, as well as to create on-chain value through Kyro’s applications for genesis and secondary sales of all crypto assets.
Ratings agency Fitch Ratings downgraded El Salvador deeper into junk, citing risks from its adoption of bitcoin (BTC) as legal tender last year, per Bloomberg. Fitch also said that “heightened financing risks stemming from increased reliance on short-term debt” ahead of a USD 800m global bond payment due next January also influenced its decision to cut the nation’s rating to CCC from B-.

Sport news

Football giant Manchester United has announced they’ve signed a multiyear partnership with blockchain platform Tezos (XTZ), confirming a previous report that said the same. Tezos-branded training kit will be worn by the first-team squad for the first time prior to this weekend’s match against Southampton.
The Washington Nationals baseball team said it will “explore” in-stadium payments of the TerraUSD (UST) stablecoin as part of a nearly USD 40m sponsorship with Terra. Additionally, for the next five years, the ballpark’s home plate VIP lounge will be called “The Terra Club” and feature crypto branding prominently.

Banking news

Wyoming, USA-based crypto bank Avanti now has a routing number issued by the American Bankers Association (ABA) and is one step closer to potentially acquiring a master account with the Federal Reserve (Fed), the US central bank. Routing numbers are used to identify banks for checks and other transactional purposes and are only issued to federal or state-chartered financial institutions that are also eligible to have a Fed account.

CBDCs news

Zambia is exploring a potential central bank digital currency (CBDC) and expects to complete its research later this year, Bloomberg reported. They add that the Bank of Zambia aims to cut transaction costs and increase citizens' participation in the formal financial system.
Kenya's central bank has invited the public for views on the potential introduction of a digital currency, per Reuters. A digital currency could curb the effectiveness of monetary policy and increase risks of money laundering, the bank said, but added that it could also offer some benefits, especially in reducing cross-border payments costs.

NFT news

The World Wide Fund for Nature (WWF), an international non-governmental organization, has quietly withdrawn a series of NFTs that it planned to sell to raise money for its environmental conservation work, reported The Independent. The decision follows backlash over the environmental impacts of the technology, it said.
Luxury brand Gucci announced it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox (SAND). Gucci will create themed experiences on The Sandbox inspired by its “Gucci Vault” platform, which lists items like Gucci-themed NFTs and vintage bags.

Mining news

Crypto miner Iris Energy reported mining BTC 364 in its fiscal second quarter (ended December 31), up 51% from three months earlier. Their revenue of USD 20m was up about 93% from the previous quarter, and adjusted earnings before interest, taxes, and depreciation (EBITDA) of USD 14.3m was up more than 156%.
Bitcoin miner CleanSpark is considering strategic alternatives for its legacy energy business, aiming to focus solely on its bitcoin mining segment, adding that they have 20,900 machines in operation with a total hashrate exceeding 2.1 EH/s and producing approximately BTC 10 per day. The company had USD 14.5m of net income and USD 24.1m of Adjusted EBITDA, which represents net margins of approximately 35% and 58%, respectively, in the first quarter of the financial year.

Exchanges news

Binance announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership with decentralized gaming company Netmarble F&C to build a global Play to Earn (P2E) Ecosystem and NFT offering. The two teams will develop and contribute to the infrastructure of the Binance Smart Chain (BSC) through BSC Application Side Chain (BAS).
Crypto.com has signed a nine-year deal to become the official title partner of the Miami Grand Prix, the newest race in the Formula 1 calendar. Crypto.com's logo will feature on the podium and winners' trophies, and will also see the exchange's brand displayed on the Crypto.com Terrace, with views over the track and an exclusive observation deck at the race's fourth turn.
Trading app Robinhood is turning its attention to international expansion, a strategy that will also see the San Francisco-based company shift much of its focus on cryptoassets, Steve Quirk, the company’s chief brokerage officer, told CNBC. Quirk said that “the path for [Robinhood] to go global and have the most traction is probably through crypto.”

Career news

Financial app Revolut is hiring senior engineers to lead the development of blockchain technology at the startup, specifying that candidates should be familiar with Solidity, the programming language for writing smart contracts.
Layer-1 blockchain Concordium announced the onboarding of Kåre Kjelstrøm in a newly established position as Group CTO and CPO with the holistic responsibility for the Product and Technology. The company has also listed its native CCD token on crypto exchanges Bitfinex and BitGlobal.
The Algorand Foundation, the organization behind Algorand (ALGO) announced the appointment of Staci Warden as its Chief Executive Officer. Warden has led global teams at the Milken Institute, JPMorgan, the Nasdaq stock exchange, and the US Treasury Department, said the press release. “Having spent over 18 critical months in the role of CEO, Sean Lee has decided to begin the new year exploring career opportunities outside of the Algorand Foundation,” it added.

Regulation news

Chris Sununu, the governor of New Hampshire, USA, has announced a new state commission focused on the study of cryptoassets, their impact, and the types of legislation the state may pursue. Per the executive order, among other points, the commission will "[m]ake findings and determinations regarding the role and effectiveness of current state laws and regulations governing cryptocurrencies and other digital assets and the reasons why modifications and improvements to such laws and regulations are necessary."