Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Ru...
Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russians Buy More Hardware Crypto Wallets, Market Players Say Russian crypto users have sought to purchase up to eight times more hardware wallets in March – April 2022 over previous periods, the daily Vedomosti reported, quoting representatives of the Tangem wallet developer, the retail chain....
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Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devices have almost halved, according to a report quoting leading marketplaces.
Russians’ Demand for Cold Storage Wallets Cools Down After Spike This Spring
Retailers selling hardware cryptocurrency wallets in Russia are now overstocked, market participants have told the leading Russian business daily Kommersant. That’s after earlier this year these products saw an....
Demand for bitcoin hardware wallets increases as the digital currency’s value and popularity rises. There are multiple devices on the market that keep bitcoins safe in a cold storage manner. However, if the device is lost, damaged, or stolen users need to understand how to recover their bitcoin. Today we discuss restoring a hardware wallet with a seed....
Trezor, the well-known Bitcoin hardware wallet may soon include Ethereum support, allowing people to store ether on their devices. Trezor, the hardware Bitcoin wallet from SatoshiLabs will soon allow users to store ether in it as well. The latest news snippet is making rounds on the internet communities. The claims about Trezor extending support to ether is also backed by the respective source code for the hardware wallet which is available on the device’s GitHub repository. Ethereum is probably the next best thing that ever happened to the cryptocurrency industry. As the demand for ether,....
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills.
Supply Exceeds Demand on Russian Market for Mining Chips
Mining hardware is now more often offered than sought, Russian online marketplaces have noticed. The trend began after the Central Bank of Russia (CBR) published a consultation paper this month, in which the regulator proposed a blanket ban....
KeepKey hardware wallet now includes Dash to its existing list of supported cryptocurrencies. Read more... Hardware wallets are one of the safest means to store cryptocurrencies and KeepKey features among the leading providers of such storage devices. The device, which until now was supporting Bitcoin and few other prominent altcoins has announced the inclusion of Dash support. Dash is currently the sixth largest cryptocurrency in terms of market capitalization. The digital currency with a market cap of over $121.25 million is expecting the demand to surge in the coming days as the....