18.5 C
Amsterdam
12 June 2021
PumpMoonshot
Image default
News

Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger


Telecom giant Samsung has invested 2.6 million euros ($2.9 million) into crypto wallet manufacturer Ledger, the French financial publication Capital reports. The investment gives the France-based startup a nearly $290 million valuation, per the report.

The news came shortly after CoinDesk Korea reported that Samsung is developing a blockchain platform and native digital asset of its own. The project, which is being conducted by the South Korean tech giant’s blockchain division, is reportedly based on Ethereum’s network and the resulting cryptocurrency is dubbed “Samsung Coin.”

CoinDesk Korea cited an anonymous source who said, “We expect Samsung Coin to come out in the market, but the direction has not yet been decided.”

Related posts

Uniswap price can plummet as the network prepares for a colossal airdrop

PumpMoonshot

Ripple: Over 72% of all investors believe that XRP will reach $100

PumpMoonshot

First Mover: Huobi Takes On OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry

PumpMoonshot

Leave a Comment