Ledger Unveils New White Paper, 100% Secure Recovery Service For Crypto Investors

Ledger, the company behind popular cryptocurrency hardware wallets, has taken another step towards transparency and open-sourcing its development by publishing the Ledger Recover White Paper.  The White Paper details the technical specifications of Ledger Recover, a service that will allow users to back up and restore their Ledger device’s Secret Recovery Phrase. Related Reading: Canada […]

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Ledger releases white paper for hardware wallet seed recovery tool

Despite facing notable criticism over the Ledger seed recovery tool, the hardware crypto wallet firm expects to launch the Ledger Recover tool in Q4 2023.

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Ledger CEO says crypto key recovery service makes self-custody easier

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.

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Trezor Wallet Sees Astounding 1000% Surge in Sales as Ledger Faces Major Setback

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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 release of private key recovery service

Ledger has decided to postpone the launch of its private key recovery service after facing strong criticism from the crypto community.

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Ledger backpedals on controversial key recovery feature following community backlash

Hardware wallet provider Ledger will not launch its key recovery feature after fevered criticism from the crypto community. In a May 23 statement, CEO Pascal Gauthier said Ledger would first release the code for the new feature before it is launched while apologizing for the miscommunication surrounding the development.

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Ledger to delay controversial key recovery feature, CEO says

Ledger has decided to delay its recovery feature as it open-sources the code, CEO Pascal Gauthier said in a letter. The Ledger Recover feature won’t be rolled out until the open sourcing is complete, he noted.

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Бывший глава Ledger: У властей есть доступ к seed-фразам клиентов

На днях Ledger вызвали массу критики из-за новой услуги Ledger Recovery. Вместо того, чтобы смягчить ситуацию, бывший CEO компании Эрик Ларчевек выдал новый неоднозначный месседж. Бизнесмен подтвердил, что правительства могут через суд заставить провайдеров, которые хранят ключи, передать эти ключи и seed-фразы.

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Ledger CEO says ‘sharded’ recovery seeds could be disclosed on subpoenaes

Pascal Gauthier, the CEO of Ledger, suggested on May 22 that wallet keys stored via Ledger Recover could be disclosed in the event of government sanctions. Subpoenas could reveal user seeds Under Ledger’s new Recover program, user wallet seeds can be “shared” and stored by three different parties.

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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.

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This Week In Crypto: Ledger Wallet Faux Pas, XRP Prospects Bearish, and SHIB AI Predictions

In the news this week: Ledger defends seed phrase recovery option, Ripple sentiments still bearish despite overseas expansion, and Andrew Tate in hot water for promoting pump-and-dump scheme. The post This Week In Crypto: Ledger Wallet Faux Pas, XRP Prospects Bearish, and SHIB AI Predictions appeared first on BeInCrypto.

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Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts

Ledger believes the service will help attract customers turned off by crypto's unforgiving self-custody ethos. But critics wonder whether the concept is compatible with a real hardware wallet.

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Ledger Continues to Defend Recovery System, Says It's Always 'Technically' Possible to Extract Users' Keys

"Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not," Ledger said on Twitter.

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Ledger calls itself a “self-custody maxi,” says recovery service is optional

Ledger emphasized its commitment to self-custody of funds in response to ongoing criticism from customers on May 16. Earlier, the hardware manufacturer announced a feature called Recover that allows users to restore their seed phrase.

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Ledger Bats Back Criticism of New Wallet Recovery Service

“You’re saying this is not what customers want. Actually, this is what future customers want,” said Ledeger CEO Pascal Gauthier.

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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.

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Ledger: Новая прошивка криптокошельков не скомпрометирует сид-фразы пользователей

В Ledger заявили, что подписка на сервис  Ledger Recovery добровольна, а компания лишена любых возможностей удаленного управления и обновления устройств.

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Ledger users express concerns over new phrase recovery feature

Hardware wallet manufacturer Ledger has recently faced backlash from its users following the introduction of a controversial feature known as "Ledger Recover."

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Ledger напугала владельцев криптокошельков обновлением с функцией хранения части сид-фразы

В сервисе Ledger Recovery представлена новая функция восстановления, которая позволяет компании-разработчику передавать и хранить резервные копии исходных фраз.

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Ledger’s new phrase recovery feature has users spooked

Ledger has introduced a new feature, sparking concerns among its users. Ledger Recover is an ID-based subscription service enabling the retrieval of the secret recovery phrase. It applies to Ledger Nano X hardware wallets and will roll out under firmware release 2.

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1inch Network unveils its hardware wallet

Just as the general crypto market stages a recovery after a long bear market, the 1inch Network (1INCH/USD) has unveiled its hardware wallet joining the other hardware crypto wallet providers of Ledger.

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Protect Your Assets: Order Your ‘Merge Pack’ With 20% Discount

Things to know: – That’s it. The Merge is now live. And it also is the right opportunity to properly secure your precious digital assets. – To celebrate the Merge, we’re launching an exclusive Ledger Nano X + Billfodl pack for ETH owners, giving you unparalleled security for your assets and recovery phrase with a […]

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What happens if you lose or break your hardware crypto wallet?

The safety of the recovery phrase is way more important than keeping the hardware wallet safe, according to executives at Ledger and Trezor.

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GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

GateHub, the multicurrency wallet provider, has today launched Wallet Protect, a new service for XRP ledger wallets that provides back-up key creation, secure key storage, fund recovery, and theft cover.

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China’s Tencent Partners with ShareRing for Blockchain ID Management

Chinese conglomerate Tencent is working with blockchain startup ShareRing to develop a decentralized ledger technology (DLT) base layer for more efficient identity management systems. The move is part of efforts to use the technology to bootstrap a recovery in the travel and tourism sector, which has been one of the hardest-hit industries by the coronavirus […] The post China’s Tencent Partners with ShareRing for Blockchain ID Management appeared first on BeInCrypto.

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Ledger Wallet Warns of Fake Google Chrome Extension Stealing Crypto

Ledger warns users about a fake Chrome extension attempting to steal users’ crypto by asking them to enter their 24-word recovery phrase

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This New Crypto Malware Infects Windows PCs Asking For Ledger Recovery Phrase

Hardware wallet manufacturer, Ledger, has warned its users that a new malware affecting Windows users is attempting to obtain… The post This New Crypto Malware Infects Windows PCs Asking For Ledger Recovery Phrase appeared first on Invest In Blockchain.

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Ledger Detects a Phishing Malware, Warns Users Not To Enter 24-Word Recovery Phrase

French-based cryptocurrency wallet service provider, Ledger warned its users that malware had been detected that replaces the Ledger Live desktop app. The malware tricks the victims into entering their 24-word recovery phase.

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Cryptotag: Pure Titanium Crypto Recovery Seed And Private Keys

What Is Cryptotag? Cryptotag is your crypto recovery seed and private keys stored in pure Titanium. The pack is compatible with Ledger, Trezor, KeepKey, Jaxx, Exodus, and more. The space grade Titanium provides maximum protection for your private keys and recovery seed, with a guaranteed safe moon landing.

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XRP’s Return Seems To Be Slowing Down

Yesterday, October 11th 2018, you may have heard of a little bit of a crash that occurred in the markets, seeing Bitcoin significantly dropping below the $6,500 mark. The third biggest digital currency saw a big change too as it moved from $0.

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PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

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Разработчики Ledger представили два новых приложения для кошелька Nano S

Команда популярного аппаратного кошелька Ledger представила два новых приложения для устройства Nano S — HODL и Recovery Check. Ledger releases 2 new apps to further reinforce users’ security.

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Ledger выпустил два новых приложения для Nano S

Производитель аппаратных кошельков Ledger выпустил два новых приложения для устройств Nano S – HODL и Recovery Check. Целью их запуска является дальнейшее повышение безопасности пользователей. Ledger releases 2 new apps to further reinforce users’ security.

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Ledger Crypto Wallet Adds Hodl And RecoveryCheck For Improved Security

Two new ledger apps designed to enhance security were announced in a Twitter tweet today. The first of which is HODL, the second is Recovery Check 2, both help crypto holders keep their currency safe from online theft.

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