Spark News

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Ledger Hardware Wallet Addresses Criticism, Stands by New Wallet Recovery Service – What's Going On?

Ledger Nano X. Source: Ledger The popular hardware wallet maker Ledger has addressed some of the concerns from the community, after it introduced a new and controversial wallet recovery service. In a video posted on Tuesday, Ledger’s chief technology officer Charles Guillemet stressed that although the new wallet recovery feature may be convenient for some users, it will be completely optional to…

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A historical look at Bitcoin’s reaction to debt ceiling negotiations

Quick Take May 19, 2013: The U.S. debt ceiling was formally raised to approximately $16.699 trillion. The price was $116.3, with a percentage gain of 4.7%. October 17, 2013: The crisis ended with the passing of the Continuing Appropriations Act 2014. The price of Bitcoin was $143, with a percentage gain of 0.23%. October 7, 2021: The Senate voted to raise the debt ceiling. The price was $53,776…

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Bankrupt Crypto Lender Celsius Moved Nearly $900M of ETH Within a Week: Data

Celsius’ wallets have been quite active amid its ongoing bankruptcy and restructuring process. The beleaguered crypto lender – which remains one of the biggest firms with a staked ETH portfolio – has transferred almost $900 million worth of the crypto asset over the past week. Celsius’ Ether Movement According to data shared by the blockchain intelligence firm Arkham, Celsius has moved around $20…

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LayerZero partners with Immunefi to launch $15M bug bounty

Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program.  The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity level. According to its terms and conditions, rewards are based on Immunefi Vulnerability Severity Classification System and paid according to…

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Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets

The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion. #Fahrenheit #Consortium #Lead #Bidder #Bankruptcy #Auction #Celsius #Assets

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Ledger's New Wallet Recovery Feature Sparks Community Backlash

Ledger, the leading provider of hardware wallets, is mired in controversy over its recently-launched Ledger Recover feature. The optional service allows users to recover their seed phrase – the string of words that grants access to a crypto wallet – by verifying their identities with Ledger. Initially available to residents of the European Union, the United Kingdom, Canada, and the United States,…

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LTC could rise to 10% of BTC

Litecoin creator Charlie is bullish on the LTC price. In a Twitter thread on Tuesday, Lee said he sees the cryptocurrency as having lots of potential. He noted that Litecoin was fairly launched and has had over 11 years of zero downtime. Litecoin (LTC) creator Charlie Lee says he sees the cryptocurrency as having value even as its price remains a fraction of Bitcoin (BTC), the pioneer asset that…

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Celsius withdrawing nearly $800 million of Ether from Lido

Key Takeaways Bankrupt lender Celsius is trying to withdraw $779 million worth of ETH from Lido The ETH represents 7% of the total amount staked with Lido Celsius has $4.7 billion of debts with creditors, and sent the market into a tailspin last year after it got caught up in the Terra contagion Celsius also staked $75 million of ETH with staking provider Figment last week Celsius is the…

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can Bedrock upgrade trigger fresh optimism?

The Bedrock upgrade could be a major positive for Optimism, boosting the price of OP. Increased adoption of Optimism could see further demand for OP, helping its price. OP price was down 3% in the past 24 hours and 23% in the past two weeks as the token traded near $1.63 at the time of writing. Optimism (OP), a Layer 2 scaling solution for Ethereum, has seen the price of its native token fall by…

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