Connect with us


Ledger Live App, a companion to Ledger hardware wallet, launched

Anoushka Shrestha



Ledger Live App, a companion to Ledger hardware wallet, launched
Source: Unsplash

Ledger, a France-based hardware manufacturing company, released a new app this week called Ledger Live that essentially functions as a companion to the Ledger hardware wallet.

The aim of developing this app was to create secure management of cryptocurrency assets, which is accessible to everyone.

Ledger announcement on Twitter | Source: Twitter

Ledger announcement on Twitter | Source: Twitter

Ledger Live [LL] app is designed to be user-friendly wherein users can easily send and receive cryptocurrencies, check their balances at any time, and manage the apps on their Ledger device.

Until now, Ledger hardware wallet owners were reliant on either a third-party solution or Chrome-based management tools in order to manage their cryptocurrencies. The new LL app, however, allows users to set up new Ledger devices by means of simple onboarding, or importing existing accounts into the LL app, making the process time-efficient.

The feature-packed LL app also has a multi-account management functionality. This eliminates the need to use individual apps for different cryptocurrencies. It offers users one wallet that shows them the balances for all the cryptocurrencies they own.

However, they have reported that the first version of Ledger Live will not support features like ERC20, but it will be part of future updates. Ledger plans to add new features on a regular basis.

Kraken and Bitfinex support the app in getting historical pricing information. Users do not require their Ledger device to plug into.

Ledger, having already raised $75 million, aims to make the LL app a long-term cryptocurrency storage solution. 

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Anoushka is a full-time journalist at AMBCrypto, passionate about writing with a degree in B.A. Combined Humanities. She holds no value in cryptocurrencies currently.


SEC’s harsh crypto regulations would drive innovation away from the US to Asia, says Fred Wilson




SEC's harsh crypto regulations would drive innovation away from the US to Asia, says Fred Wilson
Source: Pixabay

Circle-acquired Poloniex, one of the leading cryptocurrency exchanges in the world, announced the geofencing of nine assets on its platform recently. The reason revealed by them was the uncertain regulatory climate in the US, leading them to take a cautionary step fearing the Securities and Exchange Commission’s [SEC] retribution.

Fred Wilson, the co-founder of Union Square Ventures, had recently voiced his opinion that the regulatory body’s ruling to delist coins in the US crypto exchanges was very damaging. He believed that hostile policies would eventually drive away innovation from Silicon Valley, which is the “global epicenter of tech” to Asian countries. He tweeted,

“In 5-10 years when we look back and consider why the next big tech sector centered itself in Asia and not in the US, it will be the SEC’s unwillingness to create new rules to regulate new assets that will be the cause”

Citing Coinbase as an example, Wilson stated that the “most trusted/compliant/secure/safe” exchanges were based in the US. So, according to him, driving trading or liquidity to Asia is “detrimental to safety and security”.

Preston Byrne attorney at Byrne & Storm, PC responded to the above tweet stating that “alleged misconduct” in Asia would be harmful to the entire crypto-space. He emphasized that the major threat to Bitcoin adoption was the “bad actors” who need to be identified and eliminated.

Calling for the need to monitor trading regions and markets, Byrne posted,

“95% of trading volume is faked. The Bitfinex/Tether saga is insane and only just getting started. If crypto is going to be adopted, we need to have more trust in our trading venues. That requires close supervision of trading venues and markets.”

Ari David Paul, the founder of BlockTower Capital, also reacted to the post,

“Hopefully we’re not headed toward a world where voluntary commerce can be stamped out globally. So for a global asset, this will always be an issue. Fortunately, you don’t need to care. $1b in CME future volume is real and traceable. Manipulation is temporary by nature.”

Responding to the above tweet, Byrne said that $3 billion of Tether [USDT] was what kept Binance and Finex “afloat” and contributed significant volumes and were currently under the heavy check by State of New York. He also added that the aforementioned platforms were a “hair’s breadth away” from an investigation regarding fraud.

Subscribe to AMBCrypto’s Newsletter

Continue Reading