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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What security? Bitcoin enthusiast cracks known 12-word seed phrase in minutes

If the words of a 12-word seed phrase are known, it’s deceptively easy to enter the wallet and sweep the funds.

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5 best Ledger Wallet Alternatives 2023

Have you ever heard the famous quote that says, “Not your keys, not your crypto.” Well, it’s more than just a catchy phrase. Privacy and security are like bread and butter for those involved in the crypto world—they simply can’t afford to make any compromises. It’s a matter of utmost importance, and rightly so. Once […]

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Ledger CEO says ‘sharded’ wallet keys could be shared if subpoenaed

The private seed phrases of Ledger users could be shared with governments if they are ordered to, but this is “not a real concern,” says CEO Paul Gauthier.

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MyAlgo users urged to withdraw, as cause of $9.2M hack remains unknown

The Algorand wallet provider said it still hasn’t determined the cause of exploit that’s drained millions in ALGO, urging users to withdraw funds from wallets created with a seed phrase.

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What Is a Seed Phrase and Why Should You Never Share It?

A seed phrase is a security feature consisting of random words that are generated by a crypto wallet.

Continue reading What Is a Seed Phrase and Why Should You Never Share It? at DailyCoin.com.

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What Is a Seed Phrase and Why Do Crypto Investors Care?

A seed phrase is a security feature consisting of random words that are generated by a crypto wallet.

Continue reading What Is a Seed Phrase and Why Do Crypto Investors Care? at DailyCoin.com.

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New Mnemonics For Memorizing Bitcoin Seed Phrases

While you might only know seed phrases as 12 or 24 words, there are a variety of ways for humans to memorize information.

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What is a seed phrase and why is it important?

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up.

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Solana integrates Web3Auth to lower DApp barrier-to-entry

Web3Auth's technological infrastructure has already been implemented by the likes of Binance Chain, Ubisoft and Rarible across an array of Web3 projects.

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How To Use A Bitcoin Hardware Wallet

This guide to using a bitcoin hardware wallet explains everything you need to know to securely store and control your bitcoin.

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How To Protect Your Bitcoin From Emergency With The BitPlates Domino

Preserving your Bitcoin wallet recovery seed is critical to self sovereignty. Here’s how to do so with the BitPlates Domino steel backup plate.

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How To Backup Your Bitcoin Seed With RoninSteel

How to take your bitcoin self custody to the next level by backing up your wallet recovery seed on a stainless-steel, fire-proof plate.

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How To Back Up Your Bitcoin Seed With RoninSteel

How to take your bitcoin self custody to the next level by backing up your wallet recovery seed on a stainless-steel, fire-proof plate.

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Ledger co-founder clarifies "there is no backdoor" in Recover firmware update

Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service.

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Users will decide if they can still trust Ledger with their seed phrases

Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions. The user’s private keys are generated and stored within the [...]

The post Users will decide if they can still trust Ledger with their seed phrases appeared first on Crypto Breaking News.

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I run a Ledger competitor — but I support them in blow-up over keys

It’s counterintuitive for a CEO to defend a competitor, particularly when that competitor is rolling out a feature similar to one we pioneered years ago. But given the debacle around Ledger’s new “Ledger Recover” feature, it’s time to provide a balanced perspective. The company is under fire for releasing an update to its wallet firmware [...]

The post I run a Ledger competitor — but I support them in blow-up over keys appeared first on Crypto Breaking News.

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Scammers share crypto keys aiming to steal from wannabe thieves: Kaspersky

Kaspersky says scammers are targeting digital thieves, baiting them with keys to loaded-up crypto wallets and swiping any crypto added to pay fees.

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Rising crypto scams lead to $2.3 billion in total losses in 2024

Cybersecurity company Kaspersky revealed that malicious actors have devised a new scam involving seed phrases to target unsuspecting crypto users, according to a Dec. 23 blog post. This sophisticated scheme preys on individuals’ curiosity and dishonesty, leading to financial losses for unsuspecting victims. How the scam works Seed phrases, crucial for recovering access to crypto […]

The post Rising crypto scams lead to $2.3 billion in total losses in 2024 appeared first on CryptoSlate.

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Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted

The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets.

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