The latest example comes from Ledger, the Paris-based crypto hardware wallet company, which, following a public-relations firestorm last week, announced Tuesday that it would delay plans to release a controversial new wallet-recovery feature called Ledger Recover. Original
Guillemet also said that ultimately, even with the open sourced code, users have to trust the wallet manufacturer – Ledger or else – with the safety of their crypto. Otherwise, users would have to build their devices from scratch, including all the physical parts, the code and the compilers turning that code into working apps, Guillemet said, and that’s obviously not an option for the “millions of users” Ledger wants to onboard in the coming years. Source
A portfolio with 3% weight in BTC, 58.5% in stocks and 38.5% in bonds has outperformed the classic 60% equities, 40% bonds investment over the years. Even when it’s measured from January 2018, near when cryptocurrency prices rose topped out and entered a grueling bear market, the portfolio that included BTC would have outperformed by 6.9%, according to K33. Original
CryptoX – Cryptocurrency Analysis and News Portal Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial. Source The post Montenegro High Court Says No Bail for Terra's Do Kwon in Fake Passport Case: Bloomberg appeared first on CryptoX. CryptoX Portal
NFTs can also be used by hosts to “configure avatars, assign moderator permissions, and more.” When combined with Brave’s browser-native Brave Wallet, the tools “create the first-ever fully integrated Web3 live event platform, combining browser, wallet and video,” the company wrote in a blog post. Source
The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week. Original
The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex. American multinational investment banking giant Citigroup Inc (NYSE: C) has revealed its plans to pursue an Initial Public Offering (IPO) for its Mexico business, Banamex. The bank intends to separate Banamex from its operations and offer shares of Banamex to the public for the first time. According to the announcement, Banamex, as a separate entity from Citigroup, will retain various business lines and services. These include…
Crypto exchanges have order books just like the NYSE, but the digital asset realm also offers something very different known as automated market makers (AMMs). Source
Fundamental factors have long played a crucial role in assessing traditional equity markets, where investors analyze a company’s financial health, industry position and overall economic climate to determine its intrinsic value. Key metrics such as earnings, revenue and debt-to-equity ratios provide a clear picture of a company’s performance, enabling investors to make buy/sell decisions. However, such metrics are not available yet in the rapidly evolving world of cryptocurrencies. Source
Japan will implement stricter rules for exchanges, including the implementation of the FATF travel rule, to combat money laundering and ensure transparency in cryptocurrency transactions. On May 23, Japan announced that it will implement stricter measures against money laundering (AML) in cryptocurrency transactions starting from June 1, in order to comply with global regulations. According to Kyodo News, the decision to strengthen the regulations was made after a review of relevant laws in December, when it was determined that the existing measures were insufficient, according to the Financial Action Task…