Ledger

Main talking points: XRP Ledger is a blockchain developed by Ripple Labs that serves as the foundation for XRP and RLUSD.

The #blockchain is actively used for international transfers and RWA tokenization, and is popular with large organizations.
Benefits include lightning-fast settlement speeds (3-5 seconds) and low transaction costs (around 0.00001 XRP).
Blockchain has a wide range of applications, including cross-border payments, RWAs, banking and financial markets.
What is #XRP Ledger?
XRP #Ledger is the blockchain that powers XRP and the RLUSD stablecoin. It was created by Ripple Labs and launched in 2013. The purpose of the blockchain was to provide faster settlement speeds compared to Bitcoin's 10 minutes.
#Ripple did not release $BTC The #XRP Ledger has been used for a variety of purposes over the years, from an international settlement mechanism to digitizing land records and tokenizing real world assets (RWAs).
It has been widely adopted in the financial sector, especially by corporations, with leading financial institutions such as JP Morgan, American Express Bank, Standard Chartered, MoneyGram International and several other banks using it to improve the efficiency of domestic and international operations.
The reason for such a wide financial application of the XRP blockchain is its record transaction time. The blockchain requires 3 to 5 seconds for even the largest transfers of thousands of kilometers. In addition, there is a high level of security.
However, the blockchain has been criticized for its lack of support for smart contracts. Ripple Labs, the developer of the blockchain, has proposed to introduce a sidechain to implement smart contracts. Another drawback of XRPL is the degree of centralization. There are only 150 validators on the blockchain, of which only 35 are on the "trusted" list.
XRP is the native XRP Ledger token and the third largest cryptocurrency by market capitalization after Bitcoin and Ethereum.

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Хранение активов на криптобиржах связано с серьёзными рисками, которые могут привести к потере средств. Вот ключевые причины, почему этого стоит избегать:
1. Риск взлома биржи
Криптобирзы — лакомая цель для хакеров. Даже платформы с мощной защитой уязвимы:
- Примеры: Mt. Gox (2014, потеря $450 млн), Coincheck (2018, $530 млн), FTX (взлом после банкротства, $400 млн).
- Итог: Если биржа взломана, ваши активы могут исчезнуть без возможности восстановления.
2. Мошенничество и банкротство
Некоторые биржи оказываются финансовыми пирамидами или скрывают долги:
- FTX (2022): Пользователи потеряли доступ к $8 млрд из-за скрытого перекрестного залога и махинаций.
- QuadrigaCX (2019): CEO «случайно умер», забрав с собой пароли от кошельков с $190 млн.
Даже легальные биржи могут заморозить вывод средств при подозрении в неликвидности.
3. «Not your keys, not your crypto»
Пока активы на бирже — вы не владеете ими. Биржа контролирует приватные ключи, а значит:
- Может заблокировать аккаунт без объяснений (например, из-за подозрительных транзакций).
- Введёт KYC-требования, обязывающие раскрыть личные данные для вывода.
Альтератива: Холодные кошельки (Ledger, Trezor) или некастодиальные кошельки (Trust Wallet, MetaMask), где ключи только у вас.
4. Регуляторные риски
Государства часто давят на биржи:
- Блокировка аккаунтов резидентов «недружественных» стран (например, Binance в Канаде в 2023).
- Конфискация средств по решению суда (случаи с BitMEX и Bitfinex).
Даже если вы не нарушали закон, биржа может стать заложником политики.
5. Технические сбои и ошибки
- Глитчи при высокой волатильности: В 2021 Robinhood и Binance останавливали торговлю DOGE и BTC во время резких скачков.
- Ошибки в смарт-контрактах: Взлом Poly Network (2021, $600 млн) из-за уязвимости кода.
Даже временная недоступность платформы мешает зафиксировать прибыль или остановить убытки.
6. Отсутствие страховки
Большинство бирж не компенсируют потери:
- Исключения: Coinbase и Gemini страхуют только «горячие» кошельки, но не покрывают 100% средств.
- Реальность: После банкротства Celsius (2022) клиенты годами ждут частичного возврата через суды.
Как минимизировать риски?
1. Храните основную сумму в холодных кошельках.
2. Используйте биржи только для торговли, выводя крипту сразу после сделок.
3. Включайте 2FA и Whitelist адресов.
4. Проверяйте репутацию биржи (лицензии, аудиты, срок работы).
Итог: Криптобиржи — как казино. Можно зайти, чтобы сделать ставку, но оставлять там всё состояние опасно. Ваши активы в безопасности, только когда вы контролируете приватные ключи. 🔑
#Ledger #TrezorWallet

Goldman Sachs mentions cryptoassets in letter to shareholders, noting increased competition in banking due to new technology - The Daily Hodl

The financial conglomerate Goldman Sachs is informing shareholders that its rivals are now offering crypto services and products that the bank does not have.
Goldman Sachs notes in its 2024 annual report that some competitors are providing customers with products that the bank can't or won't offer, such as certain #digital assets.
Goldman Sachs says competition can help improve the customer experience.
Goldman Sachs notes that #blockchain and artificial intelligence (AI) have increased competition in the banking industry.
The rise of e-commerce and the introduction of new products and technologies, including trading and distributed #ledger technologies such as #cryptocurrencies , as well as artificial intelligence, have intensified competition.
The financial giant has also declared itself
"vulnerable" to various digital asset transactions due to the possibility of cyber incidents.
In addition, although distributed ledger technology, cryptocurrencies and similar technologies are becoming more widespread and widely used, the technology is at an early stage of development and may be vulnerable to cyber-attacks or other inherent weaknesses.
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#TokenEconomy

Trezor's Safe devices are vulnerable, a Ledger team has discovered a vulnerability in Trezor's Safe 3 and Safe 5 devices, according to a report published March 12 on

Site X. Ledger's research team, known as Donjon, discovered a flaw in the microcontroller of Trezor's Safe 3 and Safe 5 models; #Ledger found that despite Trezor's recent security improvements, cryptographic operations could be performed on the microcontroller.
You may know that @Ledger has a dedicated team, @DonjonLedger, that continually conducts open source security research.
@Ledger has a dedicated team, @DonjonLedger, that continually conducts open source security research.
BREAK Ledger Chief Technology Officer (CTO) Charles Guillemette said: We believe that making the ecosystem more secure will help everyone, and that's important as we look to increase adoption of #cryptocurrencies and #digital assets.
#Trezor has already implemented Secure Elements (SE). Secure Elements are chips designed to protect users' PINs and cryptographic secrets, and early Trezor devices could be hacked by modifying the software, allowing attackers to steal users' funds. effectively prevents low-cost hardware attacks, particularly voltage failures, and protects users' funds if the device is lost or stolen;
Trezor confirmed to X that users' funds are safe and no action needs to be taken. However, when asked if the issue could be resolved with a firmware update, the hardware wallet provider said
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#FinTechInnovations

Ledger has discovered a security flaw in the Trezor Safe 3 and Safe 5 wallets that could allow users to remotely steal funds.

Ledger has discovered a security flaw in the #Trezor Safe 3 and Safe 5 wallets that could allow users to remotely steal funds.
The microcontroller is vulnerable to power surge attacks, and hackers could modify the firmware and steal private keys.
Trezor's authentication system only checks the protected elements, not the microcontroller, so attacks on the firmware are undetectable.
the latest Trezor Safe 3 and Safe 5 hardware wallets The Safe 3 and Safe 5 hardware wallets have serious security problems, according to a #Ledger report released March 12.
According to the same report, Ledger's security research team, Donjon Donjon, despite Trezor's move to a dual-chip design that includes an EAL6-certified secure element, found numerous vulnerabilities in the wallets that could allow hackers to remotely access user funds.
The flaw occurred despite Trezor's move to a dual-chip design that includes an EAL6-certified secure element. Although the secure element protects the PIN and #private key, Ledger reports that all cryptographic operations are still performed on the microcontroller, making it vulnerable to power surge attacks.
Trezor will release Safe 3 in late 2023 and Safe 5 in mid-2024, and both wallets will be
This update also adds Infineon's Optiga Trust M security element, which is a PIN or encrypted code. This will be a special chip for storing PINs and encrypted secrets; according to research
Leisure, this security element prevents access to sensitive data until the correct PIN is entered. It also blocks hardware attacks such as voltage glitches, which have been used to extract initial phrases from models such as the Trezor One and Trezor T.
However, despite these improvements, according to research by Ledger Donjon, The microcontroller used in
Safe 3 and Safe 5 is labeled TRZ32F429, but it is actually

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#CryptoAdoption #CryptoTrends

In a shocking turn of events, David Balland @Morveus , a co-founder of the French cryptocurrency firm Ledger, was kidnapped alongside his wife in central France. The incident, which unfolded on January 21, has raised concerns about the security risks faced by individuals associated with the rapidly growing crypto industry. Here's a detailed look at the events and their implications.
Key Highlights:
David Balland and Wife Abducted: The couple was kidnapped from their home and held captive at separate locations.Ransom Paid in Cryptocurrency: A portion of the ransom demanded by the kidnappers was paid in crypto, most of which was later traced and seized.Swift Police Action: Over 90 officers, including elite tactical units, were involved in the rescue operation.
Timeline of Events
The Kidnapping
On January 21, 2025, David Balland and his wife were forcibly taken from their home in central France. The kidnappers transported them to two separate locations, holding them captive. During the ordeal, the abductors demanded a ransom in cryptocurrency, leveraging the anonymity of digital assets to cover their tracks.
The Rescue
A high-stakes rescue operation commenced on January 22, involving more than 90 officers from France's GIGN tactical police unit. Mr. Balland was freed that day, while his wife was discovered uninjured in a vehicle on January 23. The swift response underscores the efficiency of French law enforcement in handling high-risk situations.
Injury and Aftermath
While Mr. Balland sustained injuries to one of his hands and required medical attention, his wife emerged physically unharmed. The psychological toll, however, remains immeasurable.
The Role of Cryptocurrency in the Incident
Cryptocurrency played a central role in the kidnapping, with the abductors demanding a ransom in digital assets. According to the Paris prosecutor, a portion of the ransom was paid, but most of it was successfully traced, frozen, and seized by authorities. This case highlights both the strengths and vulnerabilities of cryptocurrency, particularly its traceability and misuse in illicit activities.
CZ Binance Raises Concerns
The incident caught the attention of prominent figures in the cryptocurrency community, including Binance CEO Changpeng Zhao (CZ). CZ expressed his concern on social media, emphasizing the need for heightened security measures for individuals in the crypto space. His comments reflect the growing awareness within the industry about the physical risks faced by crypto entrepreneurs and investors.

In response to the incident, @cz_binance tweeted: "Thank God they are safe now. It must have been a horrible experience. Stay SAFU!" This message resonates with the crypto community’s ongoing efforts to ensure safety and security for its members.
The Risks of Flexing Crypto Gains
This incident serves as a grim reminder of the dangers associated with flaunting wealth, particularly in the volatile world of cryptocurrency. As the saying goes, "There are many psychos in this world." High-profile individuals should exercise caution and avoid publicizing their financial gains, as it can attract unwanted attention from malicious actors.
Who is David Balland?
David Balland co-founded Ledger in 2014, a pioneering company in the crypto space specializing in hardware wallets for secure storage of digital assets. However, Ledger clarified that Balland has not been associated with the company since 2021. Ledger’s current CEO, Pascal Gauthier, expressed relief over Balland’s rescue and reiterated the company’s commitment to safeguarding user assets and privacy.
Legal Implications
As of January 23, ten suspects, many of whom were already known to law enforcement, are being interrogated. If convicted, they face life imprisonment under French law. This serves as a stern warning to criminal elements targeting the crypto sector.
Lessons for the Crypto Community
This chilling incident underscores the need for heightened security measures for individuals and companies in the cryptocurrency space. Key takeaways include:
Physical Security: High-profile individuals in the crypto industry must prioritize personal and residential security.Crypto Ransom Risks: While cryptocurrency offers traceability, its misuse in criminal activities requires robust law enforcement capabilities.Community Vigilance: Awareness and education are essential to mitigate risks in this evolving landscape.
Conclusion
The kidnapping of David Balland and his wife serves as a stark reminder of the unique risks faced by those in the cryptocurrency industry. While the swift action of French authorities ensured a successful rescue, the event highlights the growing need for security measures in a rapidly digitizing world. As the crypto community reflects on this harrowing ordeal, the focus must remain on safeguarding both digital and physical assets.
Stay informed about the latest developments in cryptocurrency and security by subscribing to our newsletter. Share your thoughts on this incident in the comments below, and let us know how the crypto industry can enhance safety measures.
#DavidBalland #HardwareWallets #Bitcoin #ledger #cryptopatel $BTC $ETH $SOL

A cryptocurrency wallet type called a “cold storage wallet” is made to keep private keys offline, adding an extra degree of protection against viruses, hacking, and other security risks. To access and control cryptocurrency holdings, one needs private keys. Cold wallets increase the difficulty of hostile actors accessing your digital assets by holding them offline.
In this article, we will discuss the various types of cold storage wallets, along with their respective pros and cons.

1. Ledger Nano X-
Many people choose the Ledger Nano X cold hardware wallet for storing different cryptocurrencies, including Bitcoin, Ethereum, and other altcoins. It comes after the Nano S as the newest model in the Nano line.
A security-certified chip and a unique operating system on the Ledger Nano X provide enhanced security by preventing hackers and other potential risks from accessing your private keys. To protect your account, it uses a PIN code and a recovery phrase. With Nano X, you can manage your cryptocurrency holdings from any internet-enabled location by connecting it to your computer or mobile device via Bluetooth or a USB cord. The Nano X has a small display screen as well, which facilitates transaction confirmation and device navigation.
Additionally, Nano X makes it simple to store, send, and receive various cryptocurrencies by enabling the use of many cryptocurrency applications. It uses a 24-word recovery seed phrase that in the event that the device is misplaced, stolen, or breaks, will enable you to get your money back. All things considered, the Ledger Nano X cold storage wallet is one of the greatest hardware wallet choices available because of its strong security, adaptable use, and easy-to-use design.

2. Keepkey-
Another excellent option for a cold storage wallet is KeepKey. Unlike Ledger, which offers a variety of shiny models, KeepKey only offers one cold wallet device, but this one-dimensional approach to the product is quickly justified when you take into account that KeepKey is an all-in-one package with support for nearly all popular cryptocurrencies worldwide and its own standalone application.
To ensure your security, it has PIN protection and a 12-, 18-, or 24-word recovery phrase, depending on your preference. Additionally, it is the most transaction-friendly cold wallet available. Its programs let you conduct transactions, and its special interface lets you plan transactions ahead of time. KeepKey is the best option if you want to purchase a single cold storage wallet that takes care of everything.
3. Coldcard-
The goal of the Bitcoin hardware wallet ColdCard is to offer the best security possible for storing Bitcoin and Bitcoin alone. For those who are ardent supporters of Bitcoin and would rather hang onto their coins for extended periods of time, ColdCard is the ideal choice. With the newest ColdCard cold storage wallet, the ColdCard mark4, you can start storing your Bitcoin safely without ever using a computer. It makes use of the Bitcoin blockchain’s inherent PSBT (BIP174) algorithm.
It features an internal tamper-proof mechanism that erases the device’s memory if it detects an attempt to hack into it, along with a PIN code system. Because ColdCard can better meet Bitcoin’s unique criteria, its concentration on the cryptocurrency allows it to offer a high degree of security.
4. Bitbox02-
BitBox02, another cold storage wallet made and maintained by Shift, focuses only on how small it is and how well it works with the USB-C connector that it comes with. But this does not imply that the wallet’s other features are at risk. For instance, Shift has made the source code of their BitBox02 wallet publicly available as proof of their capacity to maintain security. Nobody has been able to complete this challenge to date, despite numerous attempts to crack it.
5. Trezor Model T-
A refined take on the original Trezor One wallet, the Trezor Model T is designed to be as intuitive as possible. With its color touchscreen display of 240 by 240 pixels, the Model T’s menus and settings are simple to use.
The Model T is compatible with a variety of devices, including desktops, laptops, smartphones, tablets, and mobile devices that connect to it by USB or Bluetooth.
More than 1,000 cryptocurrencies are supported by the Trezor Model T, including various altcoins and ERC-20 tokens in addition to all of the major cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple.
Even for those who are unfamiliar with hardware wallets, the Model T boasts an intuitive user interface. If you have never used cold storage before, the Trezor Model T is an excellent place to start.

#Ledger #Keepkey #Bitbox #Trezor #Coldwallet

История рэпера Сила – это не только история о криминале, трэпе и сложной судьбе, но и о том, как человек, связанный с незаконными действиями, может оказать влияние на большие перемены в музыкальной индустрии. Его творчество и жизнь, несмотря на скандалы, оставили заметный след в русском рэпе, и, возможно, его опыт можно соотнести с таким же взрывным и рискованным движением в финансовом мире, как криптовалюта.

Как и многие рэперы, Сила влиял на культуру, несмотря на свою криминальную деятельность. Взрывной рост популярности криптовалют, как и популярность трэп-музыки, заставляет задуматься о возможностях, которые открываются в будущем. Пример Сила – это как иллюстрация того, что успех и влияние в любой области могут приходить с противоречиями и сложностями. Однако если говорить о новом поколении инвесторов и крипто-энтузиастов, то здесь мы видим аналогичные ситуации, где люди, работающие в серой зоне, могут использовать свои знания и ресурсы для создания чего-то нового.

Сегодня мы видим, как криптовалюта STMX (StormX) становится одним из ярких примеров на крипторынке. STMX – это токен, который объединяет возможности блокчейн-технологий и потребительских сервисов. Платформа StormX позволяет пользователям зарабатывать криптовалюту, используя различные онлайн-сервисы и делая покупки. Подобно тому, как рэперы использовали свою популярность для продвижения бизнеса, криптовалюта STMX дает возможность привлекать пользователей к новому, безопасному и удобному способу заработка.

Как это связано с Binance?
Сегодня многие криптовалюты стремятся попасть на крупнейшие платформы обмена, такие как Binance, чтобы обеспечить себе доступ к мировому рынку. Так же, как Сила использовал рэп, чтобы стать известным и востребованным, криптовалюта STMX теперь пытается сделать шаг в сторону более широкого признания, запуская свои токены на Binance. Торговля STMX на Binance может стать важным этапом для криптовалюты, предоставляя пользователям легкий доступ к торгам и инвестициям.

Как Сила оказал влияние на развитие музыки и создал целую волну, так и криптовалюты могут изменить финансовый ландшафт. За криптовалютой стоят новые возможности, как за рэпом стоят новые формы самовыражения и культурного влияния. Именно поэтому покупка криптовалюты STMX и её возможный запуск на Binance является шагом в сторону большего признания и роста, аналогично тому, как рэперы, такие как Сила, развивали и расширяли свою аудиторию, несмотря на свои противоречивые действия.

Заключение:
Так же как Сила олицетворяет успех и риск в русском рэпе, криптовалюта $STMX представляет собой шанс для инвесторов и пользователей принять участие в растущем мире блокчейна и криптовалют. Стратегия её выпуска на платформе Binance – это попытка закрепиться на финансовом рынке и добиться устойчивого роста, а также улучшить качество и доступность криптовалюты для всех пользователей, подобно тому, как Сила улучшал качество клипов в рэпе и влияния на свою аудиторию.#BTC #binance #STMX #LEDGER

The price of BTC usually drops before or immediately after a halving event. The problem lies in the time it takes for bitcoin to recover.

Bitcoin mining is the process by which transactions are verified and added to the #blockchain through computational work. Miners play a key role in maintaining the integrity, currency, and immutability of the blockchain #ledger . As a reward for their efforts, miners receive newly created bitcoins.
There have been four instances of #bitcoin being halved since its creation, the most recent of which occurred on April 19, 2024.
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#CryptoUpdates #CryptoMarketTrends

According to Cipollone, more than 60% of banks in the European Union are studying and experimenting with distributed ledger technology (DLT) and another 22% are already using it. However, while DLT makes it possible to achieve financial integration, it does not guarantee it, Cipollone said at a symposium organized by the German central bank. On the contrary.

Non-interoperable technology ecosystems in each country, shaped by different national regulatory regimes, create isolated pools of asset liquidity, further increasing fragmentation; DLTs are currently used mainly for asset #issuance , but expanding their use to negotiation, settlement and storage on a single platform This would reduce costs and enable 24/7 operations. It is not only investors who will benefit from the increased use of DLTs:
Our primary goal in this changing landscape is to ensure that central bank funds, the safest and most liquid settlement asset, remain the cornerstone of stability in the tokenized DLT-backed capital market.
A single #ledger is one in which cash and assets are held on a single platform. The concept has been endorsed by the Bank for International Settlements and central banks and has attracted the attention of many organizations, including SWIFT and JPMorgan. However, it may not be a panacea.
While European e-books will promote financial stability and integration, they also risk stifling innovation, especially in narrow application areas. For traditional finance, Cipollone says, it is better to utilize the flexibility offered by competing DLT platforms.
Read us at: Compass Investments
#TrendingTopic #TokenEconomy #MarketInsights