The manufacturer of hardware cryptographic products company Ledger has announced an update to support the anonymous cryptocurrency Monero (XMR) for its device Ledger Nano S. Now their devices models Ledger Nano S are compatible with the application Monero GUI version 0.13.
“We are pleased to welcome one more of the top ten cryptocurrencies on the Ledger platform, ” said Eric Larshvek, CEO of Ledger. With the latest expansion, Ledger devices now cover 90% of the total capitalization of the cryptocurrency market. We will continue to implement support for new cryptocurrency assets in the future, both through our own developments and within the framework of Crypto Tuesdays, the monthly release of applications created by our great community. ”
We are thrilled to meet the Ledger platform with @monero . The Mono GUI wallet is now compatible with the latest version of the Monero GUI wallet.
Start securing your Monero with a Ledger Nano S!
Read more here: https://t.co/bXSURUydVO #crypto #XMR pic.twitter.com/VhQMg4XKnT
– Ledger (@LedgerHQ) November 29, 2018
Ledger Nano S users can already install the application to work with Monero through Ledger Live. At the end of October, Ledger’s intention to expand support for the steellcoins in their devices became known.
In the framework of “Crypto Tuesday” at the beginning of this month, Ledger devices received support:
- Lisk ,
- MIX Blockchain,
Like its competitors, Ledger focuses on adding as many popular cryptocurrencies as possible, while storage security is becoming an even more important factor for investors.
Earlier this week, Ledger announced the company's launch in New York as a development project for the institutional repository Ledger Vault. Ledger, who opened a preliminary access to the Ledger Vault in May, appointed former top manager of the Intercontinental Exchange (ICE) Demetrios Skalkotos (Demetrios Skalkotos) as the head of this project.
“New York is the center of the financial world, so Ledger Vault’s natural product operation is a natural desire ,” said Ledger head Pascal Gauthier.
As the trend towards serving institutional investors in cryptoindustrial is evolving, Ledger joined non-cryptocurrency operators such as ICE, setting the stage for growing demand from corporate clients.
As we already wrote, the speech of the US Securities and Exchange Commission Chairman (SEC) Jay Clayton at the CoinDesk Consensus: Invest conference was an important event for the entire cryptocurrency community. Three experts decided to clarify the key points presented by the head of the financial regulator and determine what was hidden between the lines of Clayton's statements.
Wells Fargo Banking Holding creates stablecoin pegged to US dollar
U.S. financial giant Wells Fargo is working on a cryptocurrency pegged to the dollar. The company announced this in its press release .
According to the company, the future stablecoin will be used as part of its own blockchain platform. Its main focus will be cross-border payments between the company and its partners around the world. Moreover, other companies outside the US will be able to use cryptocurrency to complete transactions between themselves.
The decision to issue cryptocurrency in the company is explained by the need to reduce the cost of payments between different countries, as well as the acceleration of this process. The current mechanisms cannot be called bad, but they are already outdated: high commissions, terms of several days per transaction – all this cryptocurrency can leave in the past.
Wells Fargo assures that their stablecoin will provide almost instant payments, and the process of their implementation will become much simpler. Next year, the company will begin a pilot project during which the cryptocurrency will be tested in test mode. Initially, only dollars will be available for transfers, but in the future it is planned to add support for many other currencies.
Wells Fargo is not the first bank that intends to launch its cryptocurrency, but it is not only one of the largest banks in the world and in the USA, but also one of the most expensive companies in the world. The arrival of such a player will show other companies that without their own digital currencies and blockchain ecosystems, they will have nothing to do in this market.
Publication date 09/19/2019
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North Korea plans to launch its own cryptocurrency
North Korea is creating a cryptocurrency with which the country will be able to avoid international sanctions.
It is assumed that the cryptocurrency development project is at an early stage. Its goal is the same as that of the Venezuelan project – last year the topic of developing the state’s national digital currency, Petro, was actively discussed. A cryptocurrency that does not yet have a name will be similar to the technology used by BTC or altoins. Currently, the team that is working on the project is studying products that could be tied to cryptocurrency. It is known that the payment instrument will not be exactly supported by the national currency of North Korea.
Experts believe that North Korea has enough opportunities and developments to present a good cryptocurrency. So, we can assume that the state will be able to improve its position in this way.
The head of the SEC said when Bitcoin will appear on large traditional exchanges
Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC. “If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure […]
Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC .
“If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure that trade is regulated correctly , ”he stressed.
We are talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.
Recall, Clayton said earlier that some progress on Bitcoin ETFs has been achieved. VanEck and SolidX have withdrawn their application.
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