🔐 What's the latest with Ledger's key recovery service?

Last week, when Ledger announced they're introducing a new feature - key recovery - it was met with uproar online.

Although the feature is opt-in, because it would allow users to retrieve their private seed phrase, it could also provide a backdoor for their seed phrase to be removed from the device.

After sweeping criticism from the crypto community, Ledger announced they would make the code open-source.

#cryptocurrency #wallet #crypto2023 #crypto

✅ Top crypto news stories ✅

$BTC DROPS

✴️ Bitcoin touched $28.3 last week but now recedes to retest $27K

✴️ And overall price is still down approx 5% for the month

CRYPTO WHALES PUMP $RNDR

✴️ Whale activity propelled Render's $RNDR to over $2.85

✴️ That makes RNDR's Year to Date (YTD) gains a colossal 575%

✴️ Render's market capitilization is now over $950 million

HONG KONG IS CRYPTO FRIENDLY, AGAIN...

✴️ Hong Kong's Financial Secretary announced they will allow retail trading, follow regulatory guidelines and support Web3 innovation

✴️ They will also be launching a Central Bank Digital Currency (CBDC)

#crypto2023 #cryptocurrency #crypto #BTC #bitcoin

INJ is an altcoin gem with huge potential:

💎 Layer 1 blockchain for enterprise DeFi.

💎 Interoperable, decentralized and scalable.

💎 The future of finance powered by a global network of developers, validators and builders.

I'm hoping INJ finds solid support at $7/7.2 before bouncing off it to head back up into the purple box of destiny. That's the take profit trigger.

#cryptotrading #trading #gems #altseason #dyor

⚡ Is Litecoin moving through that first support of $88 like we talked about last week? Hoping it continues to drop into that box over the next few days, that's the area of interest to me 🟪

#cryptotrading #LTC #trading

💯 Best skill to develop to be a successful trader? Patience.

⛔ Never chase trades.

🧘‍♂️ If you missed a trade, chill, there will always be more.

🤓 Take the time to research, plan and prepare for your next move.

#cryptotrading " data-hashtag="#cryptotrading" class="tag">#cryptotrading #crypto #trading #cryptocurrency #dyor

📊 How to use the fear and greed index to improve your trading:

🟢 Buy when people are fearful - this is when dips occur and can provide low entry points.

🔴 Sell when people are greedy - it's near impossible to time the top, so decide your exit point beforehand.

🌡️ The crypto fear and greed index uses social signals and market trends to determine the overall sentiment of the crypto market, based on bitcoin and other large cryptocurrencies.

#bitcoin #crypto2023 #cryptotrading #dyor #trading

🔥 Biggest stories in crypto today 🔥

➡️ Bitcoin Ordinals will bridge Ethereum NFTs with the launch of BRC-721E standard

➡️ Hong Kong opens up to crypto with bullish new web3 whitepaper

➡️ US debt ceiling deal will drop the proposed 30% crypto mining tax

#news #crypto #crypto2023 #bitcoin #NFTs

🧐 You can find potential buying opportunities in the biggest losers on crypto aggregators.

🔎 Check both 24-hour and 7-day timeframes.

🤓 Research each project's fundamentals and review the price action to identify entry points.

🧘‍♂️ And keep in mind, patience is often the key to success.

🔻The Sandbox $SAND -4.09%

🔻Lido DAO $LDO -3.91%

🔻Flare $FLR -3.48%

🔻Neo $NEO -3.46%

🔻Kava $KAVA -3.08%

#cryptotrading #trading #altseason #dyor #crypto2023

📶 VRA's descending triangle has Verasity looking like it's ready for a breakout. I'm DCAing these dips and filling up my bags 🛍️

#trading #cryptotrading " data-hashtag="#cryptotrading" class="tag">#cryptotrading #crypto #dyor #technicalanalysis

📈 I reckon Injective will find support at $7.3 before bouncing off it to climb into that $7.6 - $8.0 area it ranged in at the beginning of the month. That's the area where I'll close my position and exit $INJ for now 👍

#trading #technicalanalysis #cryptotrading #dyor #altseason

⚡$LTC looking strong with the Litecoin halving only a couple of months away now. I'm hoping it retraces back down to $88 or even that lower support of $84 for my entry, before climbing again and reaching a yearly ATH in anticipation of the halving in August.

#litecoin #trading #cryptotrading #crypto2023 #dyor

📊 Another descending wedge in the charts 🧀

Radix's $XRD token is a gem with 100x potential next bull run, and imo getting in at this low entry could mint millionaires in a couple years 🚀

#cryptotrading #trading #gems #crypto2023 #technicalanalysis

💪 Looking at the 1-day candle closure, Ethereum's found solid support at $1.8K. We could be about to see a breakout either way, depends if the bears or bulls dominate as we enter June. And with Bitcoin's dominance decreasing, Ethereum will continue to do its own thing more and more 📊

#Ethereum #ETH #technicalanalysis #cryptotrading #trading

🔻 Bitcoin's lost the $26.7K support level over the last few days, seeming to confirm a downtrend following the descending triangle. I think we'll see more blood from here and move towards new support at $25.1K soon 🩸

#BTC #bitcoin #cryptotrading #trading #crypto

⚡BREAKING NEWS⚡

Crypto wallet provider Ledger will delay the launch of their key-recovery service after backlash. Following criticism from almost the entire crypto community, the company promised to open-source the code for Ledger Recover before releasing the highly controversial update.

#crypto2023 #cryptocurrency #DeFi #crypto #Web3

⬆️ The Week's Biggest Crypto Stories ⬆️

🚨 OVR soars 40% amid Apple VR/AR headset hype. The tech giant leads with hardware that could link mixed reality with the metaverse, helping OVR's price skyrocket.

🚨 EU Council approves MiCA giving clear crypto regulation for Europe. The European Union gives green light to the Markets in Crypto-Assets (MiCA) framework.

🚨 The Bitcoin-Ether correlation is the weakest since 2021. The world's two leading cryptocurrencies moved in tandem for most of 2022, but the relationship has weakened this year, likely down to Ethereum's move from PoW to PoS

🚨 BlockFi liquidates their lending platform. The bankrupt lender announced plans to liquidate citing that a sale of the company wouldn't provide enough capital for its creditors.

#crypto2023 #cryptonews #BTC #bitcoin #ETH

⛔ What is the U.S. debt ceiling? This is a spending limit set by Congress which dictates how much money the government can borrow.

⛔ Failure to raise it past the current cap of $31 trillion would see them defaulting on their debt. The government could not borrow more money or meet existing debt obligations.

⛔ A U.S. government default would be disastrous for both the country's economy and the global financial system. Stock markets could crash, unemployment would skyrocket by 8 million, and many other economies would fall into recession.

⛔ Bitcoin and Altcoin prices might then plummet. With U.S. making up about 10% of worldwide crypto users, the country’s problems present a real threat as crypto users who lose their job may have to sell their holdings prematurely.

#crypto2023 #cryptocurrency #bearish #crypto #dyor

Top 5️⃣ biggest GAINERS over the last 7 days:

✅ Over OVR ^166.7%

✅ Render RNDR ^40.55%

✅ Kava KAVA ^20.61%

✅ Synthetix SNX ^16.50%

✅ Neo NEO ^10.95%

Do you hold any of these winners in your crypto portfolio?

#crypto2023 #cryptotrading #trading #Bullish #marketupdate

⚡ What are BRC-20 tokens?

🐸 $PEPE is an ERC-20 token built on the Ethereum blockchain. Its crazy popularity caused some serious on-chain congestion for Ethereum, resulting in high fees and slow transaction times.

➡️ This gave rise to BRC-20 tokens, which have taken over Bitcoin recently. BRC-20 is a new token standard that allows for the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain.

💥 Since memecoins exploded over the last few weeks, a lot of these new coins are now being minted using the BRC-20 standard.

📊 Remember, memecoins are volatile and although it's proving popular, the BRC-20 token standard is still new and experimental, so traders should invest with caution and practise risk management.

#BRC20 #bitcoin #ordinals #memecoin #crypto2023