Crypto

Man behind the iPod launches new cryptocurrency wallet

Published

2 years ago

December 6, 2022

Man behind the iPod launches new cryptocurrency wallet

LONDON, Dec 6 (Reuters) – Tony Fadell, a widely known Silicon Valley government referred to as the daddy of the iPod, on Tuesday unveiled his newest mission – a {hardware} pockets used to retailer cryptocurrency offline.

Fadell, 53, spent nearly a decade at Apple (AAPL.O) below Steve Jobs, the place he oversaw the design of the transportable music participant, and later helped create the corporate’s best-known machine, the iPhone.

After quitting Apple in 2008, he launched Nest Labs, a sensible home-devices firm. Nest was later acquired by tech big Google for $3.2 billion.

Now Fadell has teamed up with Ledger, the French expertise agency, to design a brand new offline cryptocurrency pockets.

Buying and selling crypto requires using complicated cryptographic keys, that are used to authorise transactions. These keys are sometimes saved on-line, for instance with an internet trade, which may go away them extra inclined to hacking or theft.

The current collapse of crypto trade FTX, which has seen greater than $1 billion of buyer funds vanish, prompted an unprecedented surge in demand for offline, or “self-custody”, companies reminiscent of Ledger.

Earlier fashions launched by Ledger, such because the Nano S and Nano S, have been formed like USB reminiscence sticks. Fadell’s new design, the Ledger Stax, is a credit-card sized machine that includes a curved backbone and electronic-ink show.

“All the safe {hardware} up thus far was like all of the MP3 gamers earlier than the iPod, and it was time for an iPod,” Ian Rogers, chief expertise officer at Ledger, instructed Reuters.

Fadell had beforehand expressed scepticism of some components of “Net 3.0,” a catch-all time period encompassing a bunch of next-generation decentralised applied sciences, together with cryptocurrency and the metaverse.

The Ledger Stax will promote for $279 on-line from early 2023.

Reporting by Martin Coulter; Enhancing by Matt Scuffham and Louise Heavens

Our Requirements: The Thomson Reuters Belief Rules.

Related Topics:AMERS BACT biz CCOS CMPELC CMPNY COMS COMS08 CPROD CRYCUR CYCS CYCS08 ENT EUROP FIN FRX GB GEN MDIA MDIA08 MTPIX NAMER PHNE Phones PUB PUBL PXP RET RETE shop SHOPAL SOFW SPCRET SWIT Tech TECH08 TEEQ TEEQ08 TMT us WEU

Click to comment

Crypto

Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

Published

8 hours ago

November 22, 2024

Press Room

Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin	$0.3923	$57.6 Billion	+2.8%	+5.3%
Shiba Inu	$0.00002496	$14.7 Billion	+4.2%	+3.1%

Trader Notes: Analysts see bullish potential for the top two meme coins.

Crypto chart analyst Ali Martinez predicts a potential rally for Shiba Inu, suggesting SHIB could hit $0.00049 if it mirrors DOGE’s pattern.

Trader Javon Marks highlights SHIB’s daily chart with a possible bull pattern confirmation. A breakout target of $0.000081—216% above current levels—could see SHIB surge more than 200%.

For Dogecoin, Altcoin Sherpa notes the recent correction as not bearish, seeing opportunities for buyers with another leg up expected soon.

Crypto Amsterdam observes DOGE hovering in a mid-range phase, suggesting $1 could be on the horizon.

Meanwhile, trader Kevin forecasts a DOGE breakout by Saturday.

Statistics: IntoTheBlock Data shows:

Large transaction volume increasing for DOGE (+41.1%) and SHIB (+44.9%).
Daily active addresses rising by 34.9% for DOGE and 10.7% for SHIB.
SHIB transactions above $100,000 up from 332 to 399 in one day.

Shibarium Activity: Daily transactions climbed from 4.66 million on Nov. 20 to 4.75 million on Nov. 21.

Read Next:

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

Crypto

Bitcoin nears $100,000 as investors bet on crypto-friendly Trump policies

Published

17 hours ago

November 21, 2024

Press Room

Bitcoin nears 0,000 as investors bet on crypto-friendly Trump policies

World’s popular digital currency rises as high as $99,073 on expectations Trump will ease legal and regulatory hurdles.

Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets.

The world’s most popular digital currency rose as high as $99,073 on Thursday, extending its surge since Trump’s re-election on November 5.

The commodity has risen more than 60 percent since election day as investors anticipate Trump’s incoming administration to ease regulatory and legal hurdles to its use.

Trump, who called the asset a “scam” during his first term, accepted campaign donations in cryptocurrency, and has pledged to make the US “the crypto capital of the planet” and accumulate a national bitcoin reserve.

Trump and his three sons in September also announced the launch of their own crypto business, World Liberty Financial, which investors have taken as a promising sign of the president-elect’s belief in the sector.

In another bullish signal for the sector on Thursday, United States Securities and Exchange Commission (SEC) chair, Gary Gensler, who was widely disliked among crypto investors for his aggressive enforcement actions targeting the sector, confirmed that he would step down in January.

Trump had pledged to fire Gensler on “day one” of his administration, though the president does not have the authority to remove the SEC chair before the end of his or her term.

While viewed by supporters as a ticket to big returns and financial freedom, Bitcoin and other cryptocurrencies are known for their volatility and have faced government crackdowns in several parts of the world.

After climbing to a record high of $69,000 in late 2021, Bitcoin plunged to less than $16,000 over the following year.

The commodity burst past its previous peak in March after gaining more than 300 percent since November 2022.

Crypto

Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News

Published

1 day ago

November 21, 2024

Press Room

Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News