Bitcoin’s supply is capped at 21 million, but a significant proportion of that total sum is likely lost forever. This situation is due to a variety of reasons such as lost private keys and discarded storage devices containing substantial amounts of Bitcoin (BTC). When Bitcoin owners are not being careless with their wallet passwords, they can sometimes be targeted by hackers looking to steal their precious crypto. Those who utilize third-party custodial solutions place their Bitcoin fortune at the mercy of the security protocols adopted by such services. Indeed, several attack vectors are constantly being utilized to try and gain …
Leading hardware wallet producer Ledger announced that its official wallet software now supports Tron (TRX). According to an announcement, Ledger Live — the official wallet software for Ledger’s hardware wallets — now allows its users to manage their Tron addresses. Furthermore, Ledger hardware wallet owners can also stake their TRX directly from the software. The announcement reads: “You can now manage your Tron (TRX) into Ledger Live and stake them, which means getting rewards without doing anything!” Ledger also announced that — to celebrate the added Tron support — the firm is holding a contest. Among the users who participate, …
Major cryptocurrency hardware wallet supplier Ledger has warned its users about another phishing attack trying to steal their crypto — this one using a Google Chrome extension. In a March 5 tweet, the French crypto company specified that there is a fake extension on Google Chrome browser that attempts to steal users’ crypto by asking them to enter their 24-word recovery phrase to access their wallet. Ledger Live gets removed from the Chrome Web Store The phishing attack was reported by Catalin Cimpanu, a cybersecurity reporter at business technology news website ZDNet on March 4. According to Cimpanu, the malicious …
French hardware wallet producer Ledger will provide its asset management system to Estonia-based crypto exchange Rokkex. Cybersecurity-focused exchange Built by Lithuanian cybersecurity and fintech professionals, Rokkex will integrate its trading platform with Ledger’s enterprise wallet management solution Ledger Vault to secure its crypto assets, according to a news release shared with Cointelegraph on Aug. 20. Lukas Krikstaponis, Rokkex’s co-founder and CEO, said that the platform has successfully tested Ledger’s technology on its platform to date. Demetrios Skalkotos, global head of Ledger Vault, explained: “Rokkex’s customers expect full transparency and protection from crypto hacks. [...] By leveraging Ledger Vault, Rokkex will …
As cryptocurrency staking is growing increasingly popular, one may wonder about staking opportunities of not only crypto exchanges or software wallets but also hardware wallets. By definition, staking allows investors to earn crypto without selling their holdings but rather by delegating crypto to a staking validator to support a blockchain. Originating from the word “stake,” the staking process refers to gaining profits and an associated passive income from crypto through a consensus mechanism known as proof-of-stake (PoS), as opposed to the mining-based proof-of-work (PoW) mechanism of Bitcoin (BTC). Amid the growing popularity of PoS, staking has been growing quite popular …