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 …

Coinbase Wallet, an in-house wallet service offered by prominent crypto exchange Coinbase, has rolled out browser extension support for Ledger hardware wallets. The Coinbase Wallet extension, available in the Chrome Web Store, is a noncustodial wallet that allows users to store and transact cryptocurrencies and nonfungible tokens (NFT). By adding support for Ledger, Coinbase users can opt to use a physical Ledger device to store the private keys to their wallets offline. Coinbase senior product manager Adam Zadikoff highlighted the development as being a means to providing an additional layer of security and greater peace of mind for users. He …

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 …

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 …

Cryptocurrency wallet and infrastructure provider Ledger has debuted a new debit card that enables users to buy goods and services with their digital assets, potentially opening the door to wider adoption of crypto payment services. The Crypto Life card, also known as “CL,” was introduced at Ledger’s biannual Op3n conference on Thursday. The debit card is linked to Ledger Live, a desktop and mobile application that enables Ledger users to buy, swap and stake cryptocurrencies. The CL card supports several cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and stablecoins USD Coin (USDC) and Tether (USDT). Cardholders have the option of instantly …

Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full controlover their assets. The partnership will be rolled out in phases, starting in the first quarter of 2022. Further down the track, …

Popular cryptocurrency exchange Coinbase recently amassed a panoply of customer service complaints regarding account locking, hacking and even lost funds. A recent tweet by crypto analyst Kaleo garnered hundreds of user comments on their unfavorable experiences with the exchange. This isn’t the first time the firm has experienced a backlash over its customer service practices. Back in March, the New York Times published the story of a customer who lost over $100,000 on the platform and went on to sue the company. Coinbase users have reportedly filed over 11,000 complaints against the platform with the Federal Trade Commission and Consumer …

In a recent blog post, popular cryptocurrency hardware wallet Ledger announced a new partnership with Ethereum 2.0 (Eth2) staking solution Lido Finance in a move that claims greater accessibility and liquidity for independent stakers in the market. Staking is a niche method of investing within the cryptocurrency ecosystem that allows users to independently or collectively stake their crypto assets while collecting passive income in return, as well as actively contributing to the sustainability of the blockchain network. Users attempting to stake their Ether (ETH) in the past have been met with daunting economic hurdles. The current cost to become an …

The consequences of Ledger’s major data breach continue to be felt almost a year later. One contributor to the r/Ledgerwallet forum on Reddit, writing under the tag u/jjrand and self-identified as one of those affected by the breach, has posted images of what appears to be a fake Ledger Nano X wallet received in the mail. Wrapped in seemingly authentic packaging, the device nonetheless included several tell-tale signs that sparked the contributor’s suspicion. Most jarringly, the package came together with a poorly written letter claiming to be signed by Ledger CEO Pascal Gauthier, telling its recipient: “For security purposes we …

Following a dramatic increase in its revenues in the first quarter, the cryptocurrency security and infrastructure company Ledger completed a new fundraising round led by 10T Holdings. Known for its Ledger Nano S and Nano X hardware wallets, Ledger announced the completion of a $380-million Series C fundraising round, which gave the company a valuation of $1.5 billion. Ledger’s Series B round investors Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG and Wicklow Capital attended the new fundraising. Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financiere Agache (Groupe Arnault) and iAngels Technologies were the new investors. Ledger CEO Pascal …

Ledger, a leading cryptocurrency security and infrastructure company, reported a dramatic increase in first-quarter sales, underscoring the strength of the bull market through the first three months of 2021. Revenues surged over 500% between January and March, the company reported Wednesday. Ledger said it was profitable during the quarter, but didn’t disclose actual figures. Ledger is the company behind the Ledger Nano S and Nano X hardware wallets, which allow users to self-custody digital assets such as Bitcoin (BTC). It competes for market share with Trezor and several other lesser-known wallets. “The entire industry is in hyper-growth, and we are …

Any top tips for storing cryptocurrencies safely? Always double-check the transaction before confirming and take precautions. Of course, there are a few safety tips that you should follow. Be vigilant for phishing scams, and make sure that you’re using the official Ledger Live app. Never share your recovery phrase, or store it in a computer or smartphone — and only trust the details that you see on the screen of your hardware wallet. Learn more about Changelly Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we …