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Ledger Hardware Wallet Sales Saw 50% Decline In 2018

On a recent episode of Laura Shin’s Unchained podcast, Ledger co-founder and CEO Eric Larcheveque revealed his company sold half as many hardware wallets in 2018 as they did in 2017. Ledger’s sales have declined with the market, as bitcoin prices are still down over 80% from their all-time highs, which were made in December 2017. Ledger Sales Decline with the Crypto Asset Market According to Larcheveque, Ledger sold around a million hardware wallets in 2017 and roughly half a million hardware wallets in 2018. “And we sold a lot of the devices in the first quarter of 2018,” added...

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Maybe Bitcoin Hardware Wallets Aren’t the Best Idea After All

When it comes to secure storage of bitcoin, hardware wallets are one the first solutions that usually come to mind. Although the idea that people would pay money for an extra device to store their bitcoin seemed crazy in the early days, Ledger was able to sell over one million of their hardware wallets back in 2017 alone. A hardware wallet is a little computer that allows users to keep their crypto asset private keys offline — meaning they aren’t exposed to hackers who may get into a device that is often connected to the internet. Ledger and Trezor are...

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Abra’s Big Bitcoin Giveaway

Multi-use cryptocurrency platform Abra have announced a new Bitcoin giveaway that promises to put $25.00 worth of Bitcoin into the hands of investors who purchase Abra’s brand new BIT10 platform. What is BIT10? BIT10 is a new platform designed and developed by Abra as a futuristic new crypto index. The index allows for simple and accessible exchange, giving investors the opportunity to invest within 80% of the total market capital, by purchasing just one asset. In essence, investors can invest in the top ten cryptocurrencies, all through one swift investment in the BIT10 platform. It’s a low fee index with...

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Popular BitPay Wallet Hacked, Your Private Keys Might Be Exposed

The popular cryptocurrency wallet from BitPay has been compromised, meaning those who store their assets in ‘Copay’ might now be at risk. The firm has warned users of Copay that its open-source wallet has been infected with malware which is designed to steal private keys from people who use the wallet. This means that anyone who is running infected versions of the app “should assume that private keys on affected wallets may have been compromised.” BitPay has said that the malware code was integrated with versions 5.0.2 and 5.1.0 but it is still unclear as to how widely the flaw...

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Ethereum Vulnerability Could Have Ruined Many Wallets

The Ethereum based GasToken could have seen many malicious individuals take advantage of it to drain cryptocurrency exchanges’ hot wallet or even mint new tokens in order to make a profit. According to a recently published disclosure, the bug affects mainly digital currency exchanges that don’t set gas usage capacity on withdrawing currency. Exchanges could pay massively in gas fees to drain it wallets after someone has withdrawn tokens. In the disclosure it states: “In the simplest exploit scenario, Alice runs an exchange, which Bob wants to harm. Bob can initiate withdrawals to a contract address he controls with a...

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