Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology […]

Go to Source

Powered by WPeMatico

Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador

bitcoin beachEl Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades. ‘Bitcoin Beach’ to […]

Go to Source

Powered by WPeMatico

Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In

Report Says Western Union Could Lose $400M if El Salvador's Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs InThe Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]

Go to Source

Powered by WPeMatico

Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin

Report Claims Nayib Bukele's Regime May Issue a Salvadoran StablecoinAccording to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar Is Being Developed, Others Claim the Salvadoran Stablecoin Idea Was Scrapped There’s lots […]

Go to Source

Powered by WPeMatico

Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender

Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin […]

Go to Source

Powered by WPeMatico