Chain News Daily Today TheBitTimes.com

Ledger and Coinbase streamline crypto purchases with Coinbase Pay integration. Users can now receive crypto purchases directly on Ledger hardware wallets. The collaboration aims to simplify the self-custody process and increase accessibility. Hardware wallet provider Ledger has joined forces with cryptocurrency exchange Coinbase to simplify the process of purchasing and transferring digital assets. The collaboration introduces Coinbase Pay into Ledger Live, offering users a seamless way to receive their crypto purchases directly on their Ledger hardware wallets, eliminating additional fees and streamlining the overall experience. Coinbase Pay integration into Ledger Live Ledger users can now benefit from a more user-friendly and efficient process, thanks to the integration of Coinbase Pay into the Ledger Live application. The integration addresses the complexities previously associated with transferring crypto assets from exchanges to self-custody wa...

Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies. The Act would ban government employees from using the underlying networks of Chinese blockchain or cryptocurrency trading platforms. Furthermore, it would explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. In addition to iFinex, the CLARITY Act would prohibit officials from conducting transactions with The Spartan Network, The Conflux Network, and Red Date Technology. In a statement on Wednesday, the lawmakers said that the legislation, if passed, would ensure the natio...

Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea. Several crypto community members, including Ledger wallet owners, have taken to social media to express their discontent following the release of Ledger's latest feature. The newly introduced retrieval solution for itshardware crypto wallet s, known as Ledger Recover, aims to offer a safeguard in case users misplace their seed phrase . Exciting update, Ledger has a new product, Ledger Recover, that’s launching soon: https://t.co/nT1VHnnSYz Here’s what Ledger Recover is and what it isn’t, explained by @P3b7_ & in the thread below. pic.twitter.com/RW1w07H6pK — Ledger (@Ledger) May 16, 2023 Ledger Recover is a subscription service that allows users to utilize an additional layer of protection for their private keys. This service employs a technique where the user's seed phrase is divided into three encrypted fragments, each sent to different external entities. Once...