Tag: Key

2 key security practices for Web3 startups from Israel Crypto Conference

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Security remains one of the Web3 industry’s most important and relevant issues as decentralized finance (DeFi) protocols and enterprises continue to face exploits. At the Israel Crypto Conference, Cointelegraph talked to Shahar Madar, the head of security products at Fireblocks, about the necessary steps Web3 startups should take to secure their platforms and users. Madar told Cointelegraph that, in his experience, many new startups usually delay developing a security protocol to focus on growth. However, Web2 models for enterprise security don’t work in a Web3 world with such an emphasis…

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

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Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase. Due to concerns expressed about the security elements of Ledger Recover, the hardware wallet manufacturer decided to postpone the launch of its service. On May 23, Charles Guillemet, chief technology officer of Ledger, explained in a Twitter thread that Ledger will “accelerate our open-sourcing roadmap to bring more verifiability to everything we…

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, citing concerns over potential security vulnerabilities and the need for more transparency. Hardware wallet company Ledger has decided to delay the release of its private key recovery service following a week of intense backlash from the crypto community. The company took to Twitter to address the concerns and announced plans to hold a town hall discussion on the matter. Ledger’s chief technology officer, Charles Guillemet, stated on Twitter that…

Bitcoin Price (BTC) Jumps to Key Price Resistance as Hong Kong Opens Crypto Trading For Retail Investors

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“This looks like a non-macro-related spot-based move, and the timing coincides with the news that Hong Kong will allow retail trading of BTC and ETH on licensed digital asset platforms as of June 1,” Noelle Acheson, author of the Crypto Is Macro Now newsletter, said in Tuesday’s edition. “This is not a total surprise – the ruling and the timing were largely expected. But confirmation matters more in a lacklustre market with headwinds coming from other vectors,” Acheson added. Original

JPMorgan Hikes 2023 Key Revenue Target to $84B Following Its First Republic Acquisition

Banking powerhouse JPMorgan recently increased its 2023 revenue target by $3 billion on improved operational prospects.  JPMorgan Chase (NYSE: JPM) has increased its 2023 key revenue target to $84 billion following its acquisition of First Republic earlier this month. The New York-based banking giant revealed the projected performance at an investor presentation Monday which should last throughout the day. Details of JPMorgan Revenue Target Development The new JPMorgan revenue target is $3 billion higher than the guidance given in April following the bank’s commendable Q1 2023 results. At the time,…

BitDAO passes key proposal, to merge with Ethereum layer-2 protocol, Mantle

A proposal to combine the world’s largest decentralized autonomous organization, BitDAO, with the Ethereum-based layer-2 scaling protocol, Mantle, has been approved. The approval on May 19 sets the stage for BitDAO’s existing products, ecosystem, and native token, BIT, to change its branding to Mantle (MNT). A majority of the BitDAO community approved the measure as part of its BitDAO improvement proposal (BIP)-21. It intends to combine the broader BitDAO ecosystem under the principle of “one brand, one token.” Per the wording of a BIP-21 snapshot shared on Twitter by BitDAO,…

Bitcoin price retests key support as Fed rate hike fears steal $27K

Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Inflation specter haunts crypto markets Data from Cryptox Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp. A modest recovery then took the pair to a range familiar from several days prior, this still in focus prior to the week’s final Wall Street open. Downside overnight came courtesy of increasing market expectations of an interest rate hike by the United States Federal Reserve…

Bitcoin self-custody advocate explains why on-ramps are key to adoption

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Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the preeminent cryptocurrency. The co-founder of Casahodl, who’s a prominent figure in the Bitcoin and wider cryptocurrency space, spoke of the challenges in building self-custody solutions in an exclusive interview with Cointelegraph journalist Joseph Hall ahead of Miami Bitcoin Week. Related: The Bitcoin transition: How hodlers can become changemakers and drive adoption Lopp has a wealth of experience as a developer building a…