THE HASH | Ledger Delays Key-Recovery Service After Uproar; Bitcoin-Based NFTs Popularity Increases

The most valuable crypto stories for Tuesday, May 23, 2023.

This episode is sponsored by Ciphertrace.

“The Hash” hosts discuss the biggest stories shaping the crypto industry today, including hardware wallet provider Ledger delaying the release of a key recovery feature. Meanwhile, Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam. Separately, new items on FTX CEO John Ray III’s billing report suggest there is work underway for a reboot of the exchange. And, LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round.

See also:

Crypto Wallet Provider Ledger Delays Key-Recovery Service After Uproar

In NFT Sales, Bitcoin Jumps to No. 2 Spot in a Matter of Months

FTX CEO’s Legal Billings Continue to Hint at ‘2.0 Reboot’

LabDAO Raises $3.6M to Decentralize Drug Discovery

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Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.

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This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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