Značka: Ledger

Retail is pushing the Bitcoin price up, says Ledger CEO

As crypto prices recover after a slump last week, Pascal Gauthier, CEO of crypto wallet firm Ledger, addressed questions relating to the state of the crypto market. In an interview taken by CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, Gauthier said the situation panning out with Bitcoin (BTC) comes as no surprise. The retail trend is prominent and it’s “always the same.” He explained: “The number of addresses with the minimum number of BTC is actually growing compared to the number of whales. There is a profound retail trend everywhere in the world; they trust Bitcoin more and more. It’s the people that will push the price up.” Recent data from on-chain market intelligence provider Glassnode supports the claim. The number of BTC addresses with a non-zero balance is at all-time highs, topping out just short of 40 million. Source: TwitterAn insightful metric, the non-zero balance number offers a situation report of Bitcoin adoption. More addresses infer more users are entering the Bitcoin network, a telltale sign that retail is on the march.Related: Bitcoin wallet addresses created in November inched toward 1 millionOn altcoins, Gauthier supplied a note of consternation about projects that have recently outperformed Bitcoin. He suggested that this year could be a year of consolidation for some cryptocurrencies:“Last year they (cryptocurrencies) were projects coming into the light; this year, they have to deliver in terms of applications running on top of these protocols.”Gauthier said that Solana (SOL) has a good value proposition for nonfungible tokens and is in a good place to compete with Ether (ETH). While some of the top 10 protocols enjoyed wild price speculation and price increases in 2021, the market anticipates “good things from these protocols.”He concluded with a steadfast rule for blockchains: “The token of a blockchain is the security of that blockchain. The more expensive the token, the more secure the blockchain.” Ledger hardware wallet currently supports over 50 different protocols. France’s first crypto unicorn, Ledger will launch a crypto debit card over the next three months. It will undoubtedly tap into its crypto experience in order to compete with the likes of Mastercard, which is also introducing crypto-linked cards.

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Sequoia China leads $25M equity round for DeFi wallet DeBank

DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China.The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million.Apart from Sequoia China, the funding round featured major crypto investment firms like Dragonfly, Hash Global and Youbi.The raise also included strategic funding from Coinbase Ventures, Crypto.com exchange, stablecoin provider Circle and hardware wallet maker Ledger.DeBank is a cryptocurrency wallet designed to track DeFi data, including decentralized applications or exchanges (DEX) and DeFi interest rates. It also lets users navigate and manage various DeFi assets and projects. The platform includes analytics for decentralized lending protocols, stablecoins, margin trading platforms and others.At the time of writing, DeBank allows users to track 798 protocols across 17 chains like Ethereum, the Binance Smart Chain, Polygon, Fantom, Avalanche and others, according to its website.DeBank was co-founded in 2018 by Chinese research and development expert Tang Hongbo. According to his LinkedIn profile, the exec is based in Shanghai’s Jing’an district of China.The firm did not immediately respond to Cointelegraph’s request for comment.Related: Interlay raises $6.5M to accelerate Bitcoin DeFi interoperabilityThe concept of decentralization and DeFi has apparently been growing increasingly popular in China amid new restrictions in the country. As previously reported by Cointelegraph, many Chinese crypto users have apparently been moving their crypto holdings to DEXes after China enforced a new major ban on crypto in September.

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Wallet provider Ledger launches crypto debit card

Cryptocurrency wallet and infrastructure provider Ledger has debuted a new debit card that enables users to buy goods and services with their digital assets, potentially opening the door to wider adoption of crypto payment services. The Crypto Life card, also known as “CL,” was introduced at Ledger’s biannual Op3n conference on Thursday. The debit card is linked to Ledger Live, a desktop and mobile application that enables Ledger users to buy, swap and stake cryptocurrencies. The CL card supports several cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and stablecoins USD Coin (USDC) and Tether (USDT).Cardholders have the option of instantly converting their crypto into fiat for the purpose of spending as well as obtaining a line of credit using their digital assets as collateral. The latter option gives cardholders the ability to use their debit card without having to sell their crypto. Users can also deposit their paychecks and select which percentage of their income they want to convert into BTC and ETH. The CL card is set for launch in the first quarter of 2022 for users in the United Kingdom, France and Germany followed by a second-quarter rollout in the United States.Ledger’s foray into the debit card market follows a strategic pivot into the decentralized finance, or DeFi, market. The company, which is known for its Ledger Nano S and Nano X hardware wallets, concluded a $380 million private financing round in June of this year, bringing its total valuation to $1.5 billion. Related: Building a path to sustainable finance and blockchain adoption starts with paymentsOnline electronics retailer @Newegg continues diving into crypto payments, officially accepting @Shibtoken for payments. https://t.co/VCxRoYW3yy— Cointelegraph (@Cointelegraph) December 1, 2021Payments are a highly touted but underutilized use case of the crypto economy. However, that appears to be slowly changing now that major players such as Mastercard have entered the crypto payments landscape. Meanwhile, crypto payments provider BitPay recently entered into a partnership with browser and wallet extension MetaMask to provide a payment gateway to tens of millions of new users.

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Coinbase announces support for hardware wallets, starting with Ledger

Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full controlover their assets. The partnership will be rolled out in phases, starting in the first quarter of 2022. Further down the track, the Coinbase mobile app will also support Ledger hardware wallets. Max Branzburg, VP of Product at Coinbase said: “we’re excited to share more announcements on how we’re making Coinbase Wallet the safest and most secure way to participate in Web3 over the coming months.”Coinbase stores 12% of all cryptoMeanwhile, Coinbase CFO Alesia Haas made some big statements in her testimony to the U.S. House Committee on Financial Services on Dec 8. She claimed that Coinbase stores about 12% of all crypto across more than 150 asset types and said crypto was moving beyond simple coin swaps. “Nearly 50% of our transacting customers are doing something other than buying and selling crypto, which indicates to us that crypto is moving beyond its initial investment phase into the long expected utility phase,” she said.Related: Why hardware wallets might not offer as much protection as you think, explainedCoinbase claims to have over 73 million customers globally, including 10,000 institutions and 185,000 application developers.

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