Hardware wallet firm Ledger faces criticism over its “Recover” service, aimed at simplifying self-custody by allowing backup and restoration of private seed phrases. Amid security concerns, Ledger postponed the launch to focus on open-sourcing its protocol. While critics argue it goes against core ideals, some believe it may help onboard new users.
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Crypto Market Slowdown: Analyzing Causes and Emerging Bright Spots in VC Funding
The cryptocurrency market experienced a slow Q1 with a 20% decline in total deal value and a 5% drop in deal numbers. Despite the downturn, layer-2 scaling solutions like Scroll and Blockstream are still attracting significant investments, indicating potential positive developments in the market.