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Join Our Telegram channel to stay up to date on breaking news coverage According to the latest reports, Ripple, the world’s sixth-largest cryptocurrency firm, has acquired Switzerland-based crypto custodian firm Metaco. Ripple has reportedly closed the acquisition at a whopping $250 million cash-equity deal. With this, Ripple has now become the sole shareholder in Metaco. However, the latter will continue to operate as an independent brand led by its founder and CEO, Adrien Treccani. As a part of this deal, Metaco will also have access to Ripple’s entire customer base, valuable resources to serve a host of its institutional clients, and additional capital to fund growing market demand, if any.  Commenting on the acquisition, Brad Garlinghouse, CEO of Ripple, said, “Metaco is a proven leader in institutional digital asset custody with an exceptional executive bench and a truly unmatched customer track record. Through the strength of our balance sheet and ...

Hardware wallet maker Ledger has moved to reassure concerned users following the announcement of a new firmware update that some say will make their funds “less safe than on MetaMask.” The company claims that its subscription-based ‘ Ledger Recover’ service will give users extra peace of mind in the event they lose or forget their all-important seed phrase. However, critics say that it will expose their details to “the internet” and break the number-one rule of keeping your coins safe – that you should never type your seed phrase into a connected device. Ledger, however, has moved to dispel these fears. According to the company’s CTO Charles Guillemet, there is no “back door,” neither Ledger nor its “trusted providers” will have access to any complete seed phrases , and the service will be completely “risk-free.” He even goes as far as to say that there will be no access even for a very “gifted hacker.” Exciting update, Ledger has a new product, Ledger Recover, that’s launch...

Convicted buyers have bought up cheap Bitcoin as prices fell over the course of last year. The number of Bitcoin (BTC) wallet addresses holding one whole BTC or more has surpassed the one million mark.  The one million wholecoiner milestone was reach ed on May 13, according to data from Glassnode. Number of Bitcoin wallets holding more than 1 Bitcoin since inception. Source: Glassnode . As the price of Bitcoin fell more than 65% over the course of last year, the number of wallet addresses holding one Bitcoin or more spiked, with the most notable surges occurring during an acute market crash in June and from November 11, the date that FTX collapsed and subsequently filed for bankruptcy. In total, a whopping 190,000 or so wholecoiners were added from early-February, 2022 as the price of Bitcoin fell from its November 2021 highs.  Glassnode cofounder @Negentropic informed his 54,000 Twitter followers that the best time to buy Bitcoin is when there’s “blood in the streets.” His commen...