Solana Foundation to develop NFT and DeFi projects in Russia, and Samsung Galaxy to have a built-in crypto wallet

Solana Foundation will develop projects in Russia, Ukraine, Brazil, and India

Solana Foundation non-profit organization raised $ 60 million. Among investors were Hacken, Gate.io, Coin DCX, and BRZ. Funding will be distributed among three funds focused on expanding the ecosystem in developing countries.

We are talking about the allocation of funds to support the development of blockchain applications in the areas of NFT, DeFi and cybersecurity. The projects will receive investments directly, and their distribution will be flexible.

“In each of these regions, we saw high activity on Discord, Telegram and other social media. As a result, we decided to find local partners here, ” Anatoly Yakovenko, President of the Solana Foundation said.

Crypto wallet will be built-in in Samsung Galaxy

Cryptocurrency wallets will begin to be embedded in the software of most Samsung Galaxy series smartphones. Samsung Blockchain Wallet will support BTC, ETH, TRX, as well as ERC-20 and TRC-20 tokens.

Smartphones will be able to connect to cold storage of cryptocurrencies like Ledger Nano S, Ledger Nano X, etc. The crypto wallet will be available only on devices with Android OS 9.0 and higher.

Thanks to Knox technology, all data of device users will be additionally protected by a secure processor. Access to it will be carried out using a PIN-code, or by fingerprint.

Central Bank of India unofficially urges banks to stop cooperation with crypto projects

The central bank of India is unofficially trying to urge banks to stop cooperating with cryptocurrency projects, in particular with traders and exchanges. As stated by three anonymous sources at once, the regulator is concerned about the serious growth of the speculative market.

“The regulator has been unofficially asking us that why are we dealing in such business when it is ultra speculative. A lot of money flows overseas via this trade which the RBI is not comfortable with as it may lead to money laundering, “ said a senior executive of the bank, which the Central Bank of India had contacted.

According to Reuters, many new users are being introduced into the cryptocurrency space every day amid the active growth of the market. According to experts, there are about 10 million cryptocurrency investors in India.