Hardware wallet provider Trezor reported a 900% week-on-week growth in its sales volume, according to May 25 press statement shared with CryptoSlate. This surge comes in the wake of Ledger’s seed recovery feature that drew stiff opposition from the crypto community. According to the press statement, Trezor CEO Matěj Žák said: “In Trezor, we believe […]
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Hardware wallet provider Ledger will not launch its key recovery feature after fevered criticism from the crypto community. In a May 23 statement, CEO Pascal Gauthier said Ledger would first release the code for the new feature before it is launched while apologizing for the miscommunication surrounding the development. “Our unintentional communication mistake took everyone […]
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Pascal Gauthier, the CEO of Ledger, suggested on May 22 that wallet keys stored via Ledger Recover could be disclosed in the event of government sanctions. Subpoenas could reveal user seeds Under Ledger’s new Recover program, user wallet seeds can be “shared” and stored by three different parties. The crypto community recently raised concerns that […]
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ConsenSys, owner of the Ethereum wallet MetaMask, said on May 21 that it does not collect taxes from cryptocurrency users. Sale taxes do not apply to MetaMask users ConsenSys said on Twitter: “Let’s clarify one thing upfront: MetaMask does NOT collect taxes on crypto transactions and we have not made any changes to our terms […]
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Ledger emphasized its commitment to self-custody of funds in response to ongoing criticism from customers on May 16. Earlier, the hardware manufacturer announced a feature called Recover that allows users to restore their seed phrase. This attracted backlash due to its security risks, as the seed phrase is all that is needed to access most […]
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