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The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to Expand Distribution, Production, and Research and Development With New Funding Injection According to a Thursday report by Bloomberg, Ledger, the cryptocurrency hardware wallet maker, has revealed it raised €100 million ($109 million) from investors. The capital raise comes at a time when crypto companies have been going insolvent and laying off significant portions of their workers. Ledger CEO Pascal Gauthier told Bloomberg’s Anna Irrera that the company will leverage the cash injection to expand distribution, production, and research and development. Gauthier noted that in 2022, people became very aware that leaving money on centralized

Metis co-founder Elena Sinelnikova delves into the world of layer-2 blockchain technology, and its potential to transform how we interact, collaborate and build the decentralized economy of the future. In episode 13 of Cointelegraph’s  Hashing It Out podcast, Elisha Owusu Akyaw sits down with Metis co-founder Elena Sinelnikova. Metis is an Optimistic Rollup built on Ethereum to explore the world of layer-2 Blockchain technology, and its potential impact on decentralization, scalability and real-world applications. Sinelnikova shares her unique insights and experiences in the rapidly evolving Blockchain space, and gives us a glimpse into the future of decentralized autonomous organizations (DAOs) powered by Metis. The conversation begins with Sinelnikova providing a comprehensive introduction to Metis, its mission and the challenges it aims to address in the current Blockchain landscape. Next, she dives deep into the limitations of Ethereum’s layer 1, highlighting issues such as high g

Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market. Bitcoin (BTC) is up about 71% in Q1 2023, which is the first positive quarter after four consecutive quarters of negative returns in 2023, according to data from Coinglass. This shows that the sentiment has turned positive and the bulls are trying to put a bottom in Bitcoin. When the undercurrent is bullish, negative news results in shallow corrections. That is what happened after the United States Commodity Futures Trading Commission slapped a lawsuit against Binance and its CEO Changpeng Zhao for trading violations. This news pulled the markets marginally lower but did not start a strong down move. Daily cryptocurrency market performance. Source: Coin360 Another thing that happens in a bullish environment is that cryptocurrencies move up without any specific catalyst. That happened on March 29 when Bitcoin and several major altcoin

While many expressed serious sentiments, a Twitter user poked fun at the update, saying that it’s time to spend ETH on nonfungible tokens. On March 28, Ethereum core developers confirmed that Shapella will take effect at 10:27 pm UTC on April 12. According to the announcement, Ethereum Improvement Proposal (EIP) 4895 will allow withdrawals after pushing the staked Ether from the Beacon Chain into the Ethereum Virtual Machine (EVM), which is the execution layer. This will allow full and partial withdrawals with some mechanisms set in place to make sure that a flood of ETH will not disrupt the market. Many community members were happy with the new update, taking to social media to express their sentiments over the news. One community member said that they had serious doubts in the last two years. According to the Twitter user, they were unsure whether they will be able to ever unstake. However, the community member believes that the new update solidifies the importance of believing in

Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis. In spite of the economic turmoil, however, Federal Reserve chair Jerome Powell doesn’t envision the Fed cutting interest rates this year. This and more just below in the Bitcoin.com News Week in Review. Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and wealth seizure.”

The financial payments industry has seen its fair share of evolution, and is currently at an inflection point with Web3. The advent of the consumer internet in the 1990s brought unprecedented opportunities, democratizing access to information and communication, and revolutionizing digital commerce. Email revolutionized communication by facilitating instant messaging across borders. This soon led to numerous attempts at introducing digital money systems, but none were as successful as PayPal. Source: Unsplash Founded in 1998, PayPal made it easy for people to send and receive payments securely, regardless of their location or currency. PayPal stood out when it first launched because of two key features: security and simplicity. This solved the problem of online card fraud and made it easy for users to purchase products without sharing their card details with merchants. Today, information and money are transferred seamlessly via numerous online services. The protocols that power these s

BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital. Bitcoin (BTC) has a matter of days to go before beginning a new macro uptrend, the latest analysis says. In his latest Twitter activity, popular trader and analyst Rekt Capital flagged a key monthly close in the making for BTC/USD. BTC price action closely mimics past cycles Despite facing problems flipping $28,000 to support, BTC price action is firmly on the way to abandoning its bear market . That is according to Rekt Capital, who on March 26 presented an optimistic picture of how BTC/USD would likely finish the month. The pair's recent gains have put it above a macro downtrend in place since its 2021 all-time highs, but the March close would be the first potential candle to complete above that trend line on monthly timeframes. "Next Saturday, the BTC Monthly Candle will have closed above the Macro Downtrend to confirm a new Bull Market," Rekt Capita

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com. Ripple Rumble: A Gamble that Could Ripple Through the SEC The SEC’s ongoing legal battle with Ripple Labs is a high-stakes gamble with serious consequences that may soon come to an end. The case is being heard in the Southern District of New York, and if the judge decides to rule in favor of Ripple – even partially – by determining that the company did not violate securities laws, the SEC will suffer a major setback. A ruling in Ripple’s favor would not only damage the SEC’s credibility but also set a precedent for future cryptocurrency cases. It could embolden other cryptocurrency companies t

The Zcash price prediction is likely to follow the bullish movement as the coin hovers around the $37 resistance level. Zcash Prediction Statistics Data: Zcash price now – $37.8 Zcash market cap – $618.1 million Zcash circulating supply – 16.3 million Zcash total supply – 16.3 million Zcash Coinmarketcap ranking – #74 ZEC/USD Market Key Levels: Resistance levels: $48, $58, $60 Support levels: $28, $26, $24 ZECUSD – Daily Chart Based on the current prediction, ZEC/USD could hit $40 in the next positive step. According to the daily chart, Can we say that the difficult period is over for this crypto as it tries to create a new trend? The Zcash price is currently trading at $37.86, although the coin touches the daily high of $38.39 resistance level after crossing above the 9-day and 21-day moving averages, it could probably retest $35 before it rises again. Zcash Price Prediction: ZEC/USD May Follow the Upward Movement At the time of writing, the Zcash price is beginning to

A well-known cryptocurrency strategist says that Bitcoin (BTC) is unintentionally building its brand in a good way. In a new interview with David Lin, the anonymous host of InvestAnswers says that Bitcoin is “going through its best marketing campaign ever.” The analyst says that the ongoing banking crisis has made more people turn to Bitcoin as a safe place to put their money. “During this last crisis of the last 10 days, we had the most rapid acceleration of new Bitcoin wallets we’ve seen. And of course, Bitcoin has gone up 70% in the last 90 days. Extraordinary movement for an asset like that. And the question the people face, like you mentioned, it’s a brilliant question – what do you do, okay? I can’t trust the banks, I can’t trust the treasuries because the US government is printing money like crazy, so it’s going to debase like crazy. Yeah, I might get 3.5% or 4% but the purchasing power is falling by 14% in real terms. What am I going to do? Do I pu

Ethereum price is in consolidation following last week’s strong move to a seven-month high roughly at $1,850. The second-largest cryptocurrency followed closely in Bitcoin’s footsteps as the bellwether cryptocurrency strengthened its bullish outlook amid the banking crisis in the United States and Switzerland. Experts have laundered Bitcoin and Ethereum for holding steady even as the global financial system holds loosely to the very edge of a cliff. Yat Siu, the CEO of Animoca, Asia’s largest investor in blockchain said during the Hong Kong Web3 Investment Summit earlier in the week that the two top cryptos acted as a safety net. “If you take a look what happened recently with the whole development with Silicon Valley Bank, which was obviously shocking, and with Credit Suisse being taken over by UBS…actually the narrative was played out quite differently for crypto. It started to actually bifurcate as some people had predicted, which is that sort of future, let’s say, safety net,” Si

Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average. Bitcoin Difficulty Expected to Rise Following the Past Two Consecutive Increases At the time of writing, Bitcoin’s difficulty is at an all-time high of 43.55 trillion, and the network’s hashrate remains above the 300 exahash per second (EH/s) range at 319.86 EH/s. Bitcoin has risen 26.2% over the last two weeks against the U.S. dollar, which has greatly helped bitcoin miners, and BTC’s spot value is now above the cost to mine it. Bitcoin miners dealt with two consecutive difficulty increases over the last month, with the first jumping 9.95% higher on Feb. 24, 2023, and the second increasing by 1.16% on March 10. The rise hasn’t seemed to affect bitcoin miners, as block interval times (times bet

Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum. The price of Bitcoin (BTC) surpassed $28,000 on March 21, but according to two derivatives metrics, traders aren't very ecstatic after a 36% gain in eight days. Looking beyond Bitcoin’s stellar performance, there are reasons why investors are not fully confident in further price upside The recent rescue of Credit Suisse, a 167-year-old leading Swiss financial institution, is proof that the current global banking crisis might not be over. On March 19, Swiss authorities announced that UBS had agreed to acquire rival Credit Suisse in an "emergency rescue" merger in order to avoid further market-shaking turmoil in the global banking sector. The transaction could benefit from more than $280 billion in state and central bank support, which is equivalent to one-third of Switzerland's GDP. Unfortunately, th

The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum Airdrop tokens. Ethereum layer-2 scaling solution Arbitrum's upcoming "ARB" token Airdrop appears to have become a popular target for scammers, with the community warning of hundreds of Phishing Scams aimed at tricking crypto users. Announced in a March 16 post by the Arbitrum Foundation, the airdrop will send out 10 billion governance tokens via a token airdrop, allowing holders to vote on code changes. The airdrop is set for March 23. Unfortunately, the development has led to more than a few attempts from scammers to set up fake token airdrops aimed at stealing funds from victims ahead of the officially slated event. Blockchain security company Redefine in a March 19 post said it found a website impersonating an official Arbitrum airdrop website. The screenshots show a user is asked by the website to allow access to their funds, which would presumably resul

Ordinals NFTs have split the Bitcoin community in half — this layer-2 solution aims to unify it in the face of new horizons. Bitcoin (BTC) has grown from a small project to a frontrunner for a possible global currency thanks to its unrivaled market capitalization, unmatched liquidity pool and reliable infrastructure. The long-term benefits of Bitcoin have ensured its place in the balance sheets of industry giants like Tesla and MicroStrategy as well as some small nation-states, no matter the passing market conditions. It’s no wonder that all big players in the decentralized finance (DeFi) space are longing for a plunge in Bitcoin’s huge pool of liquidity. However, since DeFi protocols were built on Ethereum or other blockchains, they lack native compatibility with the Bitcoin network, making it more difficult to tap into the BTC liquidity. Several projects have come up with workarounds to access Bitcoin liquidity over the years, with the most prominent ones being wrapped versions of B