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Ledger's PR Struggle Reveals Uncomfortable Trade-Offs for Crypto Storage
After a week of controversy around its new seed-recovery service, French wallet-maker Ledger has been on a PR offensive, including a Twitter Spaces event with Ledger CEO Pascal Gauthier on Tuesday afternoon and appearance by the same executive on CoinDesk TV Wednesday morning. The message? Ledger has listened to its critics and is prepared to make changes to its approach. “Everybody is very sad at Ledger when you yell at us. But it's okay because we get better and we will always strive to be good servants of the community,” Ledger CEO Pascal Gauthier said during a Twitter Spaces session on Tuesday afternoon. The ... (full story)
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Bitcoin is threatening to break the narrow range to the downside. The cryptocurrency markets seem to be taking cues from the United States equities markets, which are down for two ...
The manager turned first to a review of developments in financial markets. Asset prices were less volatile and financial market conditions eased somewhat over the intermeeting period as investor sentiment around the banking system stabilized. On net, nominal Treasury yields declined, equities appreciated, credit spreads tightened, and the trade-weighted value of the dollar depreciated. Measures of implied volatility declined across markets. Policy-sensitive rates, however, fluctuated a fair amount over the period, particularly in response to economic data but also because of market perceptions of risk and liquidity conditions. Treasury market liquidity improved somewhat over the period but remained challenged. Treasury cash and futures markets continued to function in an orderly manner despite the lower-than-normal liquidity. Regarding developments late in the intermeeting period, the closure and acquisition of First Republic Bank were seen as orderly, though investors remained focused on stresses in the banking sector. In addition, the U.S. Treasury Department announced it may not be able to fully satisfy the federal governme post at 2:00pm: *Fed Minutes Show Officials Split on Support for More Hikes *Fed: Officials Saw Timely Debt Limit Increase as Essential *Almost All Officials Saw Upside Risks to Inflation Outlook *Fed Officials Stress Data-Dependent Approach, Cuts Unlikely post at 2:00pm: FED MINUTES: PARTICIPANTS AGREED THAT INFLATION WAS UNACCEPTABLY HIGH, AND ARE DECLINING SLOWER THAN THEY HAD EXPECTED. post at 2:01pm: FED MINUTES: MANY PARTICIPANTS FOCUSED ON NEED TO RETAIN OPTIONALITY AFTER MAY MEETING.Fed officials less confident on the need for more rate hikes, minutes show Federal Reserve officials were divided at their last meeting over where to go with interest rates, with some members seeing the need for more increases while others expected a slowdown in growth to remove the need to tighten further, minutes released Wednesday showed. Though the decision to increase the Fed’s benchmark rate by a quarter percentage point was unanimous, the meeting summary reflected disagreement over what the next move should be, with a tilt toward less aggressive policy. At the end, the rate-setting Federal Open Market Committee voted to remove a key phrase from their post-meeting statement that had indicated “additional policy firming may be appropriate.”
Event to mark the ECB's 25th anniversary, Frankfurt am Main, Germany.
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Microsoft warned on Wednesday that Chinese state-sponsored hackers had compromised “critical” U.S. cyber infrastructure across numerous industries, with a focus on gathering ...
post at 4:05pm: *McCarthy: We Are in Room Right Now Negotiating post at 4:06pm: McCarthy on Debt Ceiling Talks: Things Are Going a Little Better post at 4:08pm: HOUSE REP. SPEAKER MCCARTHY: THE ONLY STUMBLING BLOCK IS SPENDING, I WILL NOT PUT A BILL ON THE FLOOR THAT SPENDS MORE MONEY THIS YEAR THAN LAST YEAR. post at 4:12pm: DEBT NEGOTIATORS HAVE ENDED THEIR AFTERNOON MEETING post at 4:15pm: HOUSE REP. SPEAKER MCCARTHY: THERE SHOULD NOT BE ANY FEAR IN THE MARKETS.
Hong Kong, which is preparing to introduce a new regime for trading digital assets, is responding to concerns raised by industry players about the shortage of a crucial type of ...
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- Posted: May 24, 2023 3:38pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 261