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EY crowns cryptocurrency wallet maker Ledger as Paris' startup of the year

International business bigwigs have just given the nod to French cryptocurrency accumulator device architect Ledger. The aggregation has won EY’s Startup of the Year Award for the Ile-de-France region.

Global accountancy giant EY runs an annual antagonism to find France’s best new businesses. Le Prix de l’Entrepreneur de l’Année appearance three categories: best entrepreneur, startup, and social commitment.

This year, a cryptocurrency business has found some early success. EY accepted it has awarded Ledger with the title of best startup in its native region, Ile-de-France.

Ledger will move into the next round of competition, where it will go toe-to-toe with eight other startups for assorted awards. Of the finalists, just one winner will beforehand to attempt for the global prize.

In July, Forbes appear that Ledger generated $29 actor in profits last year, after affairs more than a actor cryptocurrency devices.

That aside, the aggregation has not been immune to casual tech difficulties. Earlier this year, advisers apparent a vulnerability in Ledger accessories that left users open to “man-in-the-middle” attacks.

A few months later, aegis researcher Saleem Rashid apparent Ledger had done little to assure its accessories from concrete attacks.

In response, the aggregation accepted that barter must only acquirement its cryptocurrency wallets from Ledger directly, or from a strict list of pre-approved resellers.

The good thing is that – unlike other cryptocurrency accumulator band-aid providers – Ledger has been acknowledging to researchers’ criticism. This is also why most crypto-insiders abide to place their trust in its wallet devices.

Published September 13, 2018 — 14:06 UTC

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