{Hardware} cryptocurrency pockets producer Ledger has secured 2.6 million euro ($2.9 million) from electronics large Samsung, an organization spokesperson informed Cointelegraph on April 24.

Whereas the Ledger spokesperson confirmed the funding, no additional particulars past the preliminary funding quantity had been supplied.

The information follows the appointment of Pascal Gauthier, the agency’s former president, as its new CEO. Former CEO Eric Larchevêque will now function Govt Chairman of the Ledger’s Board. He stated in a letter that “in this role I will be able to properly focus on strategy and vision, while also overseeing regulator and government outreach, partnerships, customers, broader business relationships and technology thought leadership.”

At the moment, an nameless supply informed cryptocurrency trade information outlet CoinDesk Korea that Samsung could find yourself growing a public-private blockchain full with its personal cryptocurrency token. The challenge, a part of an enterprise by the corporate’s devoted blockchain division, would see a blockchain mainnet seem primarily based on the Ethereum community, together with a brand new asset dubbed Samsung Coin.

The supply, who’s purportedly in contact with the plans, stated that “we expect Samsung Coin to come out in the market, but the direction has not yet been decided.”

As The Ledger reported on April 22, Samsung has delayed the launch of its $2,000 folding telephone dubbed Galaxy Fold following a collection of breakage points. A number of gadget reviewers reported the within screens flickering, freezing, and eventually dying on their check telephones throughout the first few days. The repor additionally state that “substances found inside the device affected the display performance.”

Final December, researchers claimed that they had been capable of hack the Trezor One, Ledger Nano S and Ledger Blue cryptocurrency wallets, nonetheless Ledger argued that uncovered vulnerabilities in its {hardware} wallets weren’t important.



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