Hardware wallet firm Ledger is rolling out its cloud-based private key recovery solution despite facing significant criticism from the crypto community.

Ledger Recover, an ID-based private key recovery service for the Ledger hardware wallet, is launching on Oct. 24, the firm officially announced on X (formerly Twitter). The release comes in conjunction with Ledger finalizing the open-source code for the Ledger Recover on GitHub.

Provided by blockchain protection platform Coincover, Ledger’s seed phrase recovery solution is a paid subscription service allowing users to backup their Secret Recovery Phrase (SRP). SRP is a unique list of 24 words that backs up the private keys and gives…

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The past week’s run of green crypto candles “started off in a funny way,” says Mark Yusko. An errant post on X announcing the US Securities and Exchange Commission’s approval of a spot bitcoin ETF was definitely “not a good look” for crypto media, he says. 

But more interestingly, the market’s response since the futures melting slip-up has been to steadily rally upwards. Bitcoin buying action again surpassed the psychological barrier of $30,000 on Friday and has continued climbing. 

The subsequent run-up returns to prices briefly seen during the fake-out spike that caused around $100 million in hourly liquidations. The Morgan Creek Capital founder says the volatile…

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Old financial news headlines once bandied about descriptions of ETFs as “financial weapons of mass destruction” that threatened to annihilate the very fabric of American capitalism, Matt Hougan says.

“There were congressional hearings, literally about ETFs destroying American entrepreneurialism and ending the American dream,” the Bitwise CIO says. 

Before the advent of ETFs, Hougan explains on the Empire podcast (Spotify/Apple), people mostly invested through mutual funds, allowing them access to the market just once a day.

This created a “shared collective experience of taxation,” Hougan explains. If an individual sold their mutual funds, all the remaining investors…

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Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at providing capital to projects building security-focused infrastructure.

The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services.

Nym Technologies CEO and co-founder Harry Halpin said that privacy remains a central cog in ensuring that a decentralized internet remains resistant to censorship and avoids the pitfalls of Web2:

“This programme will ensure the health of the privacy ecosystem but it will also advance the Web3 industry as a… Read more on Cointelegraph

Gold bug Peter Schiff expressed his opinion on the current state of Bitcoin BTC/USD trading and the potential impact of the approval of a Bitcoin Exchange-Traded Fund (ETF) by the Securities and Exchange Commission (SEC). 

What Happened: Schiff noted that Bitcoin is currently trading around $34,250, with speculators betting on the SEC’s approval of the Grayscale Bitcoin Trust (GBTC) converting into an ETF.

Schiff warned that if the conversation about the ETF approval takes place, it could potentially mark the peak of the Bitcoin rally. “Bitcoin is now trading at $35K as speculators bet on SEC approval of GBTC converting into an ETF.  Such a conversation will likely mark the top of the…

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