Ethereum Foundation Launches Clear Signing to Fight Wallet Hacks

After a year that saw major crypto-related listings reach US public exchanges—including Circle (CRCL) and others such as Bullish (BLH)—hardware wallet maker Ledger and Ethereum-focused software company Consensys announced they are delaying their respective plans for a US initial public offering (IPO).  Ledger Reassesses NYSE IPO Bid For Ledger, the decision reflects a broader reassessment […]

The post Ledger shelves IPO plans, cites poor market condition reasons appeared on BitcoinEthereumNews.com. Ledger has officially paused its previously planned IPO and U.S. stock market listing today, citing unfavorable market conditions, according to people familiar with the IPO process. The hardware wallet producer has engaged with banking and financial institutions since the year began to advise on the possibility of launching an initial public offering that could value the company at about $4 billion. These financial institutions included Goldman Sachs, Jefferies, and Barclays. A confidential S-1 filing with the SEC is usually the first formal step towards a U.S. stock listing, and none has been filed by Ledger till now. Ledger is now weighing alternatives, which include raising capital through private funding. What is Ledger? Ledger designs hardware devices that let crypto holders securely store their tokens offline by securing their private keys which control access to the crypto

Ledger has put its Ledger IPO plans on hold, citing difficult market conditions and weak investor appetite for crypto listings. Ledger, the French crypto hardware wallet maker, has paused its plans for a US initial public offering, according to two…

The French-based hardware issuer was last reported as pursuing a $4B NYSE IPO in January.

Ledger's IPO delay highlights the challenges crypto firms face in volatile markets, potentially shifting focus to private funding strategies. The post Ledger shelves US IPO plans, weighs private fundraising: Report appeared first on Crypto Briefing.

Ethereum launches Clear Signing to make wallet approvals readable, with Ledger, Trezor and MetaMask backing ERC-7730 after Bybit hack risks.

The post Ethereum Foundation and Major Wallets Launch “Clear Signing” Standard to End Blind Transaction Approvals appeared on BitcoinEthereumNews.com. The last few years have shown that the biggest vulnerability in crypto wallets today is blind signing. This is the practice of approving raw hex strings without knowing what they actually do. However, on Tuesday, the Ethereum Foundation officially announced that this standard is going to be phased out and replaced with clear signing alongside some of the leading wallets and hardware infrastructure that actually run Ethereum for most users. This includes names like Ledger, Trezor, MetaMask, WalletConnect, Fireblocks and Cyfrin. In practice, this means users will be able to see a plain, human readable summary of what a signature authorizes.  0/ Clear signing is now live. An open standard to end blind signing, making human-readable transactions default. This effort brings a major UX and Security upgrade to transaction signing on Ethereum. p

The leadership change in Ethereum's Protocol cluster could impact the network's scalability and upgrade timelines, influencing future innovations. The post Ethereum Foundation names new co-leads for Protocol cluster appeared first on Crypto Briefing.