Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.
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Ledger Delays Plans for Controversial “Recover” Service, Announces Open-Source Roadmap
Crypto hardware wallet provider Ledger will delay plans to launch its private key recovery service after receiving major backlash following its announcement last week. The controversy – which rose questions…
Crypto Biz: Tether flees from banks, Ledger’s backdoor for seed phrases and more
This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service.
Ledger co-founder clarifies “there is no backdoor” in Recover firmware update
Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new…
Users will decide if they can still trust Ledger with their seed phrases
Ledger’s decision to introduce a third party to your wallet seed phrase created an exploit that could appeal to both governments and hackers.
I run a Ledger competitor — but I support them in blow-up over keys
Ledger’s latest update — aimed at making private seed phrases on its wallets recoverable — was simply an attempt to innovate and improve user security.
Ledger Responds to Customer Fears On Wallet Safety, But Deletes “Confusing” Tweet
Online discussions continue to swirl around Ledger’s new firmware update for its crypto hardware wallet, which experts have claimed could put users’ private keys at risk. Ledger published a Twitter…
Ledger Under Fire for Allegedly Exposing User Seed Phrases
Crypto hardware wallet provider Ledger is receiving major backlash from its online user base after releasing a controversial update that many fear exposes major security flaws with the manufacturer. Ledger…
Crypto community reacts to Ledger wallet’s secret recovery phrase service
Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea.
New White House standards strategy could have implications for crypto industry KYC
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.