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Ledger Has a New CEO: A New Product and Built-in Hardware Wallets Inside Cellphones May Be in Ledger’s Future

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Ledger, the French company that develops the famous line of hardware wallets “Ledger Nano”, recently announced a change in its directive. As of April 24, Eric Larchevêque leaves his position as CEO of the company and will be replaced by Pascal Gauthier.

Larchevêque continues to be part of Ledger as Executive Chairman. The decision, Larchevêque says, was personal and seeks to give Ledger’s co-founder more time to develop the company’s strategic vision without having to focus on routine tasks.

“I have therefore decided, with the support of the Board, to move to a new role as Executive Chairman. In this role I’ll be able to properly focus on strategy and vision, while also overseeing regulator and government outreach, partnerships, customers, broader business relationships and technology thought leadership. I’ll continue to interact with the crypto and consumer communities, and help Ledger to fulfill its mission of securing all types of critical digital assets.”

The community welcomed the news with optimism. The new CEO emphasized his commitment to the company and its users. Mr. Gauthier mentioned that for now he will focus on getting the Ledger Nano X to market, overcoming the obstacles that have impeded its mass production. He saidt hat (beyond the development of the Nano X) he expects to contribute satisfactorily to the growth of ledger at technological and financial level.

“Now as CEO, and with Eric as Executive Chairman of our Board, I will focus all of my attention and energy on growing an amazing tech company on both the retail and enterprise side.

Ledger CEO Talks About Its Future

Mr. Gauthier is a firm believer that public safety and confidence will be key to achieving the consolidation of the ecosystem and a future in which cryptocurrencies become globally accepted.

In an interview for Breaker Mag, he pointed out that after the bear trend of 2018, the growth of the industry was a challenge that hindered the progress of several startups focused on the development of these technologies, however he told that he still does not consider that we can speak with certainty that the ecosystem is living a bull market.

Gauthier also revealed that Ledger is currently working with cellphone manufacturers to provide a borader line of producs: “In the same way that our technology powers Nanos, our technology can power a phone, so you could put Ledger inside a phone.” said the new CEO adding that “it’s something that we are actually working on with several phone manufacturers.”

Mr. Gauthier’s appreciation is by no means pessimistic, he explained that regardless of the characteristics of the market, “It’s just about building the best possible product.”

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Bitcoin News

Crypto Upstart Reality Shares Files Semi Bitcoin ETF To The SEC

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Reality Shares’ Product To Have 15% BTC At Maximum 

That’s proper people, but every other contender has entered the Bitcoin exchange-traded fund (ETF) fray. This time its Reality Shares, a blockchain-centric funding products and services supplier founded in California this is headed by way of leader government Eric Ervin.

According to The Block, who broke the scoop on the subject material, the proposal, which relates to NYSE Arca, just lately filed to the U.S. Securities and Exchange Commission (SEC) isn’t like its brethren. In reality, it isn’t actually a full-Bitcoin fund, as a most of 15% of the fund’s property might be allotted to BTC, during the CBOE and CME futures to be actual, if the product is going are living.

Reality Shares is making plans for the remainder property to be allotted to sovereign debt tools denominated in fiat currencies just like the British Pound, Japanese Yen, Swiss Francs, along side cash marketplace mutual finances. Ervin defined his reasoning for this determination, which might give not unusual Joes and Jill good enough publicity to the flagship cryptocurrency, by way of declaring:

The SEC doesn’t wish to approve a complete blown crypto ETF however this boundaries publicity to 15%.

While this transfer is welcome, particularly bearing in mind the loss of U.S.-regulated, easily-accessible crypto-related funding choices, some could also be disconcerted by way of the truth that Reality Shares would possibly come to a decision to stave clear of allocating their finances to bodily BTC. This is because of the truth that CBOE’s and CME’s Bitcoin choices are recently cash-settled, thus making the California funding upstart’s attainable Bitcoin allocation paper, no longer bodily.

Bitcoin ETF Hype Continues 

The submitting of Reality Shares’ proposed car comes amid a persevered hype surrounding Bitcoin ETFs and merchandise of an identical caliber.

Interestingly, the aforementioned proposal is the second one semi-Bitcoin ETF to be filed in a month’s time.

Per MarketWatch, Wilshire Phoenix, a New York-headquartered funding control workforce, submitted an S-1 submitting with the SEC closing month. The submitting purportedly relates to a crypto-backed product, curiously named the United States Bitcoin and Treasury Investment Trust. Unlike advised cars from VanEck and its companions, Wilshire’s believe will dangle positions in no longer most effective BTC however momentary U.S. Treasury expenses and American greenbacks too.

The SEC-filed file accentuated the truth that the believe isn’t supposed to at once emulate a capital allocation against Bitcoin. Instead, Wilshire sees the tool as some way for potential traders to achieve minimum, however enough publicity to the main cryptocurrency. The American funding company added that the car’s divergent nature would lower volatility, whilst additionally minimizing the shortcomings of buying, securing, and promoting Bitcoin.

While all that is neatly and just right, strides were made within the full-Bitcoin fund scene too. As reported by way of Ethereum World News previously, San Francisco-based Bitwise Asset Management published an ETF that may observe its in-house Bitcoin Total Return Index, which purportedly “captures the full value of an investment in BTC.”

The CBOE, VanEck, and SolidX additionally resubmitted its joint proposal to the SEC after months of tumult.

And the proposals’ potentialities have begun to appear up, particularly as Hester Peirce, a commissioner on the monetary regulator, has expressed kindness and leniency against the cryptosphere. But will she be capable to persuade her fellow commissioners?

Title Image Courtesy of Bruno Van Der Kraan Via Unsplash

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Ethereum News

Hackers Focus On Inclusive Design At ETH New York

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May 20, 2019 4:07 PM

Along with holding talks aimed at introducing high school students to blockchain technology, hackers at ETH New York worked to develop dApps that tackle everything from issuing life insurance on the Ethereum blockchain to crypto wallets for the visually impaired.

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ETHNews is committed to its Editorial Policy

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Blockchain

Accept USD Coin with Coinbase Commerce

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Today we’re excited to announce that businesses can now accept USD Coin with Coinbase Commerce. USD Coin (USDC) is a US dollar-backed stablecoin brought to you by Circle and Coinbase. Accepting USD Coin gives our merchants many of the benefits of accepting cryptocurrency but at a stable price: no transaction fees, no chargebacks, and full control over funds.

Coinbase Commerce is a service launched early last year that enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Coinbase Commerce can be directly integrated into a merchant’s checkout flow or added as a payment option on all popular e-commerce platforms such as Shopify or WooCommerce. It’s easier than ever to start accepting cryptocurrency and setup takes just a few minutes.

Adding USD Coin to Coinbase Commerce enables businesses to accept payments online in the same way they’re able to accept cash in-store. Unlike accepting credit card payments, merchants can accept USD Coin without geographical limitations or the need for a traditional bank account. Merchants can accept payment in USDC from customers around the globe in minutes with zero transaction fees.

How to Get Started

If you’re new to Coinbase Commerce, simply sign up to start accepting USD Coin. If you’re an existing user, then there’s no action required.

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Blockchain

Accept USD Coin with Coinbase Commerce

Published

on

Today we’re excited to announce that businesses can now accept USD Coin with Coinbase Commerce. USD Coin (USDC) is a US dollar-backed stablecoin brought to you by Circle and Coinbase. Accepting USD Coin gives our merchants many of the benefits of accepting cryptocurrency but at a stable price: no transaction fees, no chargebacks, and full control over funds.

Coinbase Commerce is a service launched early last year that enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Coinbase Commerce can be directly integrated into a merchant’s checkout flow or added as a payment option on all popular e-commerce platforms such as Shopify or WooCommerce. It’s easier than ever to start accepting cryptocurrency and setup takes just a few minutes.

Adding USD Coin to Coinbase Commerce enables businesses to accept payments online in the same way they’re able to accept cash in-store. Unlike accepting credit card payments, merchants can accept USD Coin without geographical limitations or the need for a traditional bank account. Merchants can accept payment in USDC from customers around the globe in minutes with zero transaction fees.

How to Get Started

If you’re new to Coinbase Commerce, simply sign up to start accepting USD Coin. If you’re an existing user, then there’s no action required.

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Ethereum News

NY Judge Grants Motion To Modify Preliminary Injunction Against Bitfinex

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May 17, 2019 6:01 PM

Bitfinex is calling it a victory, but the exchange is still barred from using Tether as a line of credit.

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The media team is the collaborating entirety of the writing staff at ETHNews.

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