Joe Grand, a hacker who previously hacked a hardware wallet, on the current Ledger drama. He believes that Ledger's move to encrypt and split private keys into different HSMs could be beneficial for those who are not technically inclined or unable to physically secure their hardware wallets. However, he also notes that this may negate the benefits of having a cold wallet and that there is still a risk of losing all funds if one loses access to all three parts of the encrypted key. Overall, he does not consider this to be a backdoor but thinks that Ledger did not do a good job explaining how it works.

Xumm, a prominent self-custodial XRP Ledger (XRPL) wallet, has revealed a partnership with Guardarian, a non-custodial fiat on/off-ramp provider. The collaboration aims to offer Xumm users a seamless experience when buying XRP with one of 40 fiat currencies or selling their XRP for fiat, all within the Xumm app.

Hardware wallet provider Ledger has collaborated with streetwear brand Deadfellaz to release a limited edition Deadfellaz Ledger Nano X. The wallet features iconography from the Deadfellaz collection and has a transparent green hardware. The next step in the collaboration is the opening of the Ledger x Deadfellaz redemption shop on April 24th, allowing interested parties to purchase the necessary token on the secondary market to redeem their DFZ Ledger. There will also be a Ledger x Deadfellaz Quest launching soon, allowing participants to earn a PoK NFT and gain access to a Deadfellaz Metaverse item.

Offline private-key storage company Ledger is partnering with crypto custodian Etana Custody to offer secure, regulated cryptocurrency custody for institutional clients in the U.S. The arrangement will allow customers to access the more than 1,800 tokens supported by Ledger, broadening their crypto investment options without having to maintain their own private keys, while segregating clients' funds and reducing counterparty risks. Etana is able to act as a settlement party to the counterparties in a given transaction, enabling them to trade digital assets without putting their money up to one another directly, eliminating the risk of deals falling through. The deal aims to make it easier for institutions to hold digital assets and bolster investor confidence in the market.

Polygon Labs and Ledger have jointly written an open letter urging EU lawmakers to amend Article 30 of the Data Act related to rules for smart contracts. The companies argue that the current version will inhibit innovation and economic growth in the European crypto industry as it does not account for the intricacies of permissionless smart contract systems.

Hardware wallet company Ledger is teaming up with the ApeCoin DAO to teach $Ape holders about wallet security.

Komainu, the cryptocurrency custody joint venture between Nomura, Ledger, and CoinShares, is offering institutional clients a regulated and segregated collateral management product called Komainu Connect. The offering allows clients to deploy their digital assets in collateralization scenarios while remaining in segregated custody and verifiable on chain. Komainu's head of strategy, Sebastian Widmann, said that the focus of Komainu from day one was to stay in the custodial space and not take counterparty risk offering trading or lending services. The collateral management service allows clients to have specific wallets within Komainu with visibility to third-party liquidity providers and exchanges for trading on venue, with Komainu handling the settlement. Komainu has also scaled up its staking service to coincide with the much-anticipated Ethereum Shanghai hard fork on April 12.

Do Kwon extradition sought by US and South Korea; US gov sold $216M of seized Silk Road Bitcoin this month; Denmark says Bitcoin profits are taxable; Ledger raises most of $109M round.

Ledger has raised most of a €100 million ($109 million) funding round at a €1.3 billion ($1.4 billion) valuation, the company told Bloomberg. Media outlets first reported on a potential new capital raise last August.

Ledger says scammers are posing as its employees to steal users’ XRP.