Archive May 2023

On May 17, a now-deleted tweet revealed intriguing information about Ledger, sparking controversy. It suggested that Ledger could develop firmware to extract users' private keys without their knowledge. The following day, Charles Guillemet, the Chief Technology Officer of the cryptocurrency wallet provider, posted a thread to clarify how Ledger's firmware works, aiming to reassure users. Here's what it entails.

In January 2023, our statistical analysis of Bitcoin (BTC) opened up the possibility of a strong bullish recovery in its price.

Several analysts had predicted that the conversational AI, ChatGPT, could have a positive impact on the crypto industry. The tool has been put to the test to predict the possibilities of price growth in cryptocurrencies. Here is its forecast.

Soon, Game Boy owners will have the opportunity to turn their devices into hardware wallets to hold their crypto. The project, known as Game Wallet, has been made public by Joseph Schiarizzi, a developer at Keyp. This Web3 startup aims to use a physical cartridge to harness the power of Nintendo Game Boy and transform it into a secure cold storage wallet for cryptographic assets.

In a recent interview, Jeremy Allaire, CEO of Circle, emphasizes the urgency of taking the threat of de-dollarization seriously. As more nations take steps to reduce their dependence on the US dollar, Allaire warns of the potential consequences of this growing trend.

As the United States faces the risk of defaulting on its debt, urgent actions are needed. One of them is to raise the debt ceiling. Some politicians, particularly Republicans, would like negotiations in this regard to take into account the interests of crypto firms. But for President Biden, that's a no-go!

In a recent article, Vitalik Buterin warns against the excessive use of Ethereum's consensus. While Ethereum is considered one of the most secure crypto protocols, its misuse can lead to systemic risks. Buterin explains why certain techniques, such as using Ethereum validators for other protocols, should be discouraged and combated.

Currently, Bitcoin (BTC) seems to be facing difficulties, struggling to gain momentum. Indeed, the price of the flagship cryptocurrency is having a hard time surpassing the $27,000 mark. This situation is causing a lot of concern within the Bitcoin community. There are now many uncertainties regarding the future trajectory of the crypto's price. However, some analysts are already predicting a bleak future for the queen of cryptos. One of them, renowned strategist Michael J. Kramer, recently expressed particularly pessimistic views on the future price of BTC.