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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/30\/crypto-wallet-company-ledger-raises-another-108-million\/<\/a><\/br> French startup Ledger<\/a> has added more money to its Series C funding round. The company designs and manufactures so-called hardware wallets to secure crypto assets. In 2021, the company raised<\/a> \u20ac356 million ($385 million at today\u2019s exchange rate). And the company is adding another \u20ac100 million ($108 million) in new funding.<\/p>\n This is an extension round as the valuation of the company isn\u2019t changing \u2014 \u20ac1.3 billion ($1.41 billion at today\u2019s exchange rate). In the current funding environment, raising at the same valuation is already quite impressive.<\/p>\n Once again, the company has managed to line up a long list of investors. New investors in the company include True Global Ventures, Digital Finance Group and VaynerFund. Some existing investors are also investing in Ledger once again, such as 10T, Cite\u0301 Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital and Molten Ventures.<\/p>\n Ledger\u2019s main products are hardware crypto wallets that offer a high level of security. The company\u2019s current devices are shaped like USB keys and feature a tiny screen to confirm transactions on the device.<\/p>\n Hardware wallets are secure by design because the private key of the crypto wallet never leaves the device \u2014 it is stored in a certified secure chip. When you want to send some crypto tokens, you have to use another device like a computer or a smartphone. When you enter the public address of the recipient in the Ledger Live app, you have to validate the transaction with the private key. That\u2019s why you need to turn on your Ledger wallet and confirm the transaction.<\/p>\n When you first boot up your Ledger device, the company asks you to write down a 24-word recovery phrase on a piece of paper. You should then store this recovery phrase in a safe place as it allows you (or someone else) to recover your wallet in case you lose your Ledger wallet.<\/p>\n And it\u2019s true that having a secure wallet doesn\u2019t prevent scams. In July 2020<\/a>, Ledger discovered a data breach of personal information stored in an e-commerce and marketing database. It led to phishing campaigns with scammers trying to obtain recovery phrases.<\/p>\n To be fair, other wallets have been targeted by similar phishing campaigns. For instance, MetaMask users should never share their wallet seed phrase for the same reason. Some companies are moving away from this single point of failure by switching to other recovery methods, such as Argent<\/a> and ZenGo<\/a>.<\/p>\n Ledger\u2019s flagship product is the Ledger Nano S Plus<\/a>. It\u2019s the most recent iteration of the Ledger Nano S. It has a small black-and-white display, two buttons and a USB-C port to plug the device to your computer and turn it on. It costs $79.<\/p>\n
\nCrypto wallet company Ledger raises another $108 million<\/br>
\n2023-03-30 21:51:28<\/br><\/p>\n