U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.The Ac ...
Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen
Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into ...
Abu Dhabi pioneers DLT regulation for DAOs, Web3 innovations
Abu Dhabi, the second-most populous emirate in the UAE, has introduced a formal regulatory framework for Decentralized Autonomous Organizations (DAOs) and other digital ledger entities as it doubles down on its ambition to be a leader in digital asset innovation within the Middle East.The ...
Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more
Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi h ...
Komainu Secures Full Operating License from Dubai’s VARA for Crypto Services
Komainu, a joint venture between leading Nomura, and crypto firms CoinShares and Ledger, received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The United Arab Emirates (UAE) has opened its door to crypto innovations, supported by federal grants and pro-crypto r ...
PayPal Integration with Ledger Live Enables Direct Cryptocurrency Purchases
The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...
Ledger Partners with PayPal to Integrate Cryptocurrency Purchases on Ledger Live
The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...
Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets
A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their "secure" paper wallet.On July 24, a Redditor by the name /jdmcnair posted on th ...
XRP price searches for a fresh bullish catalyst to trigger a move above $1
XRP's price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains. The price surge came after Judge Analisa Torres of the United States District Court for the Southern District of New Y ...
BIS releases unified ledger proposal for cross-border, tokenized asset transactions
The Bank for International Settlements (BIS) has released a chapter of its annual report early. That chapter, on the future of the monetary system, discussed “a new type of financial market infrastructure – a unified ledger.” The chapter was published June 20, one day after the International Mone ...
Trezor Reports Surge in Hardware Wallet Sales Amidst Security Vulnerability Disclosure
Hardware wallet maker Trezor reported a 9-fold increase in sales of its devices, despite the disclosure of a vulnerability in the Model T that allows a private key to be stolen. One of the drivers of Trezor wallet sales growth was the controversially accepted key recovery ...
Trezor Cold Wallet Sales Surge Amidst Ledger’s Scandal
The company said it would never add a seed-phrase extraction feature Ledger, which also got caught lying about the firmware of its wallets, had previously been noticed in such a way This is why demand for Trezor products increased Last week sales of T ...
Ledger Delays Launch of Ledger Recover Service and Drops Controversial Key Recovery Feature
The head of the company said that Ledger is delaying the launch of the Ledger Recover access service until the open source code for the protocol is published. Pascal Gauthier issued a statement: Ledger is dropping the controversial key recovery feature following negative us ...
Ledger CEO Confirms Authorities Can Access Private Keys via New Firmware
The CEO of Ledger confirmed that because of the new firmware of Ledger Nano X hardware cryptocurrencies, authorities will be able to access private keys for the sake of investigations. Last week Ledger announced the launch of Ledger Recovery service to restore access to c ...
Controversial Message by Former CEO Raises Concerns about Customer Data Privacy
Eric Larchevec gave out a scandalous message It turns out that providers can turn over customer data by court order Ledger has drawn a lot of criticism the other day over its new Ledger Recovery service.. Instead of alleviating the situation, former CEO Eric Larc ...
Ledger Recover: Concerns Arise over Online Seed Phrase Storage
After updating, the seed phrase can go online Ledger Recover also requires KYC The Ledger company, which develops hardware cryptocurrency storage wallets, has introduced a new feature called Ledger Recover that allows you to recover the secret phrase. This upd ...