Ledger
Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Industry experts are confident in DeFi and believe the sector would continue to see adoption despite its security flaws, primarily due to the mammoth failure of centralized exchanges. Despite the continued growth, however, the decentralized exchanges have lost $30 million on liquidity provider incentives. Popular hardware crypto wallet Ledger introduced a new DeFi tracking feature that pairs with its hardware wallets to monitor performance analytics of over 1,000 protocols. The Lodestar Finance protocol that was exploited for over $5 million on Dec. 10 had a Mango Markets connection, wherein the exploiter copied t...
‘Father of the iPod’ helps Ledger create new cold crypto wallet
Hardware wallet provider Ledger, known for its cold-storage devices, announced its seventh crypto wallet in collaboration with the creator of the original iPod. Tony Fadell, the inventor of the iconic iPod Classic model, has partnered with Ledger to help the company design its latest wallet device known as Ledger Stax. The company broke the news on Dec. 6 at Ledger’s bi-annual Web3 developer event, Ledger Op3n, in Paris. Ledger’s upcoming new hardware wallet is a credit card-size device that features a large E Ink display, capacitive touch, Bluetooth support, wireless charging and more. For the first time in Ledger’s product line, Stax contains a curved E Ink display which can be used to show the holder’s name or other wallet information, just like a book spine. The device is a...
Hardware wallets to take similar approach to potential Ethereum hard fork
Ethereum’s blockchain Merge is expected to take place around 5:05 am UTC on Sept. 15. It is a milestone that marks a full transition toward proof-of-stake for Ethereum and eliminates the need for energy-intensive mining by a projected 99.9% when compared to Proof of Work (PoW). Some miners are also getting ready for a hard fork that would allow them to continue using PoW consensus. Forked coins have proven to be lucrative in the past. The holders of Ether (ETH), for example, came to possess an equivalent amount of Ethereum Classic (ETC) when it forked in 2016. In the event of a new hard fork, in which the Ethereum blockchain would split into two different networks, users holding ETH on-chain would have an equal balance of ETHPoW (ETHW) on the forked chain. This would be an addit...
Ledger reportedly seeking additional $100 million in funding
Having raised a mammoth $380 million funding at a $1.5 billion valuation in June, French cryptocurrency hardware wallet maker Ledger is looking to raise an extra $100 million, according to a Monday report from Bloomberg. In June, Ledger raised $380 million in a funding round led by 10T Holdings. Now, according to reports, the company is seeking an additional $100 million to help it continue its rapid expansion. Business is said to be thriving as investors seek cold storage for their cryptocurrency, according to sources quoted by Bloomberg. Hardware storage wallets from Ledger are a type of offline storage that isn’t connected to the internet, making them more secure against hacking than online wallets. This allows users to manage their own cryptocurrency without worrying about their ...
Ledger launches NFT-focused hardware wallet Nano S Plus
Ledger, a major supplier of hardware wallets designed for secure storage of cryptocurrencies like Bitcoin (BTC), is launching a brand new wallet specializing in nonfungible tokens (NFTs). The new product, called Ledger Nano S Plus, is the next generation to the original Nano iteration released in 2016, and is designed with NFT collectors’ needs in mind, Ledger announced to Cointelegraph on Tuesday. The new Ledger Nano S Plus is the sixth hardware wallet produced by Ledger since the company introduced its first wallet HW1 back in 2015, the company’s chief experience officer Ian Rogers told Cointelegraph. The product is also the first hardware wallet that Ledger has released since the debut of the Ledger Nano X in 2019. The Nano S Plus combined with the recent support of “clear signing...
Did rapper YG just flex a $30M BTC stack in his new music video?
Keenon Dequan Ray Jackson, the rapper who goes by the name YG, appears to show off a fat $30 million stack of Bitcoin (BTC) in his latest music video. The reveal appears to either be an eye-watering — but possibly fake — flex, or a crafty bit of product placement, as a cold storage device from crypto wallet provider Ledger is featured prominently in the video. The social team from Ledger was on it immediately too: We see you! @YG knows how to secure those bags of #bitcoin … not your keys, no your coins. — Ledger (@Ledger) February 11, 2022 In one of the scenes of the music video for the song titled “Scared Money” featuring J. Cole and Moneybagg Yo, YG is seen holding a Ledger wallet close to a smartphone which has a screen bearing a wallet application with more than $30.6 million of BTC in...
Ledger CEO claims that with increasing relevance Bitcoin could offer good exchange value
The Ledger chief says that Bitcoin has shown utility in situations of war beyond just Ukraine He insists the crypto utility that the Ukraine situation has shown is nothing new Ledger CEO Pascal Gauthier recently appeared on CNBC’s Squawk on the Street in an exchange that dwelt on several matters crypto and where the industry is headed. The impact of geopolitics The ongoing war resulting from the Kremlin’s incursion of Ukraine has been sort of a revelation for crypto in terms of sanction evasion and the cross-border utility of the assets. Perhaps the best illustration of this is the massive crypto donations that have been either made or pledged so far. The Ledger boss noted that even beyond Ukraine, places like Lebanon have often seen the rising utility of crypto since war often...
Ledger CTO warns crypto users about the dangers of ‘blind signing’
With the recent attack on OpenSea highlighting blockchain vulnerabilities, Charles Guillemet, the CTO of Ledger warns users about “blind signing” which he defines as “consenting a transaction to be signed blindly, without understanding what it means.” In an interview with Cointelegraph, Guillemet broke down the problems and highlighted issues with blind signing. The Ledger CTO notes that consenting to transactions requires signing a message to be sent to the blockchain. A user is the only one capable of signing transactions with the private key, while others can verify if it’s correct. “The issue is that this message is not intelligible by default. It’s a digital payload,” says Guillemet. Guillemet also explained that when a coin transfer is signed, it’s normally su...
Coinbase Wallet now supports Ledger Hardware Wallets as it aims for additional security
The launch also comes with co-branded Nano X Coinbase Edition wallets available for a limited period The partnership is part of Ledger’s push to evolve into a software-focused firm Crypto exchanges have been ramping up security efforts against the threat of losses, and Coinbase, the largest crypto exchange in the US, is the latest name to take action in this regard. The crypto exchange confirmed yesterday that it had added support for the Ledger Hardware Wallets onto its Coinbase Wallet browser extension. Coinbase and Ledger have shown an insistence to enhance security as users can benefit greatly from an additional layer of protection. Hardware wallets such as Ledger’s enable self-custody as they are cold crypto wallets that store user private keys. These wallets can only be accessed offl...
Retail is pushing the Bitcoin price up, says Ledger CEO
As crypto prices recover after a slump last week, Pascal Gauthier, CEO of crypto wallet firm Ledger, addressed questions relating to the state of the crypto market. In an interview taken by CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, Gauthier said the situation panning out with Bitcoin (BTC) comes as no surprise. The retail trend is prominent and it’s “always the same.” He explained: “The number of addresses with the minimum number of BTC is actually growing compared to the number of whales. There is a profound retail trend everywhere in the world; they trust Bitcoin more and more. It’s the people that will push the price up.” Recent data from on-chain market intelligence provider Glassnode supports the claim. The number of BTC addresses with...
Baanx approved by UK regulator to operate crypto assets
The global infrastructure provider recently announced the launch of the Crypto Life (CL) debit card in collaboration with Ledger Cryptocurrency technology provider Baanx has now joined the list of the first few entities in the UK to receive approval from the Financial Conduct Authority (FCA). The firm can now legally operate as a crypto asset business as required by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. “In order to obtain this registration, we have worked closely with the FCA following the highest possible standards, to ensure that our top tier clients’ users will have the assurance needed for the compliance of their assets,” Mark Evans, the Chief Compliance Officer at Baanx, explained. Thanks to the FCA licence, Baanx...
Sequoia China leads $25M equity round for DeFi wallet DeBank
DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China. The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million. Apart from Sequoia China, the funding round featured major crypto investment firms like Dragonfly, Hash Global and Youbi. The raise also included strategic funding from Coinbase Ventures, Crypto.com exchange, stablecoin provider Circle and hardware wallet maker Ledger. DeBank is a cryptocurrency wallet designed to track DeFi data, including decentralized applications or exchanges (DEX) and DeFi interest rates. It also lets users navigate and manage various DeFi assets and projects. The platform includes analytics for decen...
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