Ethereum Name Service founder reflects as 2 million registration mark nears
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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. 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 do.” Ledger’s mission is, and will always be, to provide our users with the right tools to own their digital value securely. We have decided to accelerate our open-sourcing roadmap to bring more verifiability to everything we do. A thread pic.twitter....
Celo Foundation and Google Cloud partner to support sustainable Web3 startups
The collaboration is set to allow founders building on Celo to access credits for Google Cloud and Google’s mobile development platform, Firebase. The Celo Foundation has partnered with Google Cloud to support mission-aligned projects in Celo's blockchain ecosystem and advance the early adoption of Google Cloud services. The collaboration is set to allow founders building on Celo to access credits for Google Cloud and Firebase usage, thereby enhancing Celo's mobile-first infrastructure and decentralized applications (Dapps). Firebase is a mobile and web application development platform developed by Google that provides developers with various tools and services for building apps, including authentication, real-time databases, cloud storage, and messaging. According to the announcement, the Google Cloud team will also provide mentorship and guidance to the Celo Foundation's Founders in Residence program and participate in the virtual Celo Camp accelerator program, which su...
Bitcoin dominates as primary focus for digital asset investors: Report
According to CoinShares, digital asset investment products saw inflows totaling $76 million last week On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows. The report indicates a change in investor sentiment for the start of 2023, with year-to-date inflows now at $230 million. This growth has led to an increase in total asset s under management (AUM), which now stands at $30.3 billion — the highest since mid-August 2022. Investors are primarily focusing on Bitcoin (BTC), with weekly inflows of $69 million, accounting for 90% of total flows for the week. This investment growth primarily comes from the United States, Canada and Germany, with weekly inflows of $38 million, $25 million and $24 million, respectively. However, opinions are divide...
LG Electronics' latest partnership seeks to bring interoperable metaverse platforms to TVs
The partnership hopes to bring the Metaverse directly into the living rooms of viewers. South Korean tech giant LG Electronics announced that it has teamed up with Oorbit, a cloud-based technology platform and PIXELYNX, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse directly into the living rooms of viewers. Announced just in time for #CES2023, we’re excited to announce that we have partnered with @LGElectronics to bring interoperable gaming and social experiences directly to your LG Smart TVs. READ: https://t.co/nppJZe650B — Oorbit (@OorbitOnline) January 4, 2023 The collaboration is set to allow viewers to be able to explore interconnected virtual worlds, concerts, and AI multiplayer games through their LG TVs, making it easier for consumers to interact in the Metaverse. According to the Jan 4. press release sent to Cointelegraph, users will be able to access “super high fidelity interconnected virtual worlds” and experiences incl...
BitKeep CEO says some users’ private keys remain at risk after exploit
The blockchain executive urged users who downloaded the BitKeep 7.2.9. APK malware to transfer their assets immediately. According to a letter posted on Chinese block Chain news publisher Odaily.com on Dec. 27, Kevin Como, the anonymous CEO of BitKeep, warned that users’ private keys are still at risk after a security incident on Dec. 26 led to over $13 million in losses at the time of publication. BitKeep is one of the more popular noncustodial, decentralized finance multichain wallets with over 6 million users . Specifically, Como wrote: “This was a large and atrocious hacker attack incident. The BitKeep APK 7.2.9 (Android Package Kit) installation package was hijacked and swapped by the hacker, and as a result, some users already installed the APKs that were planted malware by the hackers, leading to a leak of users’ private keys.” Como urged users who had already downloaded the Android APK 7.2.9. to transfer their digital assets to a new wallet. “It is probable that [these wa...