A cryptocurrency platform Uphold (previously Bitreserve) has revealed it plans to improve its security by integrating to Ledger (a security and infrastructure solutions company) Wallet’s technology. Uphold co-founder J.P. Thieriot said, “It’s always been our view that security’s been the most important issue with respect to mass adoption with cryptocurrencies. The only reason people would take a risk of moving their money away from the boring old bank on the corner is if they can derive benefits taking the plunge.”
Ledger (a crypto wallet startup) tweeted on Friday, that they have detected a malware that could possibly replace the Ledger Live desktop application with a malicious one. Next, in an attempt to what seemed like restoring their users’ confidence, they added that it was only a phishing attempt tricking users to enter the 24-word recovery phrase and that neither of the users’ devices or cryptos faced any threat of being compromised.
Ledger (a Crypto Hardware Startup) has got investment from the South Korea based tech giant Samsung which of value $2.9 million. Ledger has confirmed the investments but remained silent on details, Samsung representative did not respond to a request. Éric Larchevêque, Founder and CEO said, We will always need hardware wallets, but to accompany a revolution crypto based on a personal sovereignty accessible to all, the smartphone will actually play a central role.”
Ledger has recently announced in its official Twitter account the addition of privacy-based cryptocurrency to its Ledger platform which is compatible with the latest Monero GUI wallet. The technology adopted by the Ledger wallet permits the users to isolate their private key from the internet which keeps their account safe from the hackers.
The Ledger is establishing its office in New York as part of its expansion plans in the United States. Reportedly, the New York office would be considered as the headquarters for the Ledger Vault. A former Intercontinental Exchange (ICE) executive, Demetrios Skalkotos, has been recruited to the chief the global business operations of the Ledger Vault.
The IOTA Foundation has collaborated with Ledger aimed at the integration of IOTA tokens to the Ledger hardware wallet. The co-founder and CEO at Ledger, Eric Larcheveque stated, “Providing the highest level of security and quality is a major focus at both Ledger and IOTA. We are thrilled to welcome IOTA onto the Ledger platform.”
The Ledger hardware wallet has disclosed the contingency plans for the Bitcoin Cash hard fork scheduled to happen on 15th November. The company announced through a blog post, “Ledger will suspend the Bitcoin Cash service until it is clear which of these chains will be the stable one, both technically and economically.”
The Ledger has affirmed to support transactions of Ontology on its crypto wallet platform. Ledger has tweeted its support to PoA, Icon, VeChain, WanChain, Ontology, Kowala and others. It is reported that the company has added eight more third-party applications developed on the network. However, validation processes for the applications would be put forward to ensure seamless transactions.