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Asia is an 'advanced player' in cryptocurrency, says Ledger CEO
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsia is an 'advanced player' in cryptocurrency, says Ledger CEOPascal Gauthier, CEO of the digital asset security and utility company, discusses the Bitcoin Asia conference in Hong Kong and the state of the cryptocurrency industry in the region.
Persons: Pascal Gauthier Organizations: Asia Locations: cryptocurrency, Asia, Hong Kong
LONDON — Crypto wallet maker Ledger says it is set to launch its much-anticipated hardware wallet Ledger Stax, which was designed by iPod inventor Tony Fadell, in May. Ledger, which makes hardware and software wallets for crypto investors, first announced Ledger Stax in 2022 after a plunge in crypto prices in the wake of the collapse of crypto exchange FTX. Speaking with CNBC at the Blockworks Digital Asset Summit in London, Ledger CEO Pascal Gauthier said that he expects the Ledger Stax will launch soon. "Stax is coming out in two months," Gauthier told CNBC onstage Tuesday at the event. The Ledger Stax has been beset by a series of shipment delays over the past year due to issues with getting its E-ink display to work smoothly.
Persons: Ledger, Tony Fadell, Stax, Pascal Gauthier, Gauthier Organizations: LONDON, CNBC, Amazon, Asset, Ledger Locations: London
"It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25," Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview. Since then, the crypto industry has been hit with a litany of issues from the collapse of coins and projects to bankruptcies and criminal trials. It began with Standard Chartered last week which reiterated an April price call that bitcoin would hit $100,000 by end of 2024. "Combined with geopolitical crosscurrents, this healthy dose of monetary support should push Bitcoin to new highs in 2024."
Persons: Chino, Bitcoin, Pascal Gauthier, Ledger, Sam Bankman, Changpeng Zhao, David Marcus, Marcus, Facebook's, Diem, Gauthier, Vijay Ayyar, Matrixport Organizations: Getty, CNBC, U.S . Department of Justice, bitcoin, Standard Chartered, Federal Reserve
Ben Mcshane | Sportsfile | Getty ImagesBinance's agreement to salvage rival cryptocurrency exchange FTX from collapse shows how no one is safe from the chill of crypto winter, according to industry experts. "It shows that no one is too big to fail," said Pascal Gauthier, CEO of crypto wallet firm Ledger. On Monday, the CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, took to Twitter in since-deleted tweets to play down concerns his crypto trading empire was at risk of collapsing. The debacle highlights how the crypto industry is becoming more centralized and straying from its decentralized roots, according to Gauthier. "FTX is a very big warning for everyone," Gauthier said in an interview on CNBC's Squawk Box Europe Wednesday.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance-FTX deal is a 'big warning for everyone,' Ledger CEO saysAnyone holding their coins on a centralized exchange should be concerned after FTX's liquidity crisis, Pascal Gauthier, CEO of Ledger, said on CNBC's "Squawk Box Europe."
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