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Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

Bitfinex to Donate .3 Million Worth of BTC and USDT to Communities in El SalvadorThe crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to […]

Five Alleged Scammers Federally Charged With Running Crypto Phishing Scheme by DOJ

Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El Salvador

Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El SalvadorAccording to a working study published by the U.S. National Bureau of Economic Research (NBER), most Salvadorans stopped using the Chivo wallet after getting their $30 bitcoin bonus. The report shows that the median Chivo wallet user made no deposits or withdrawals in a given month. NBER Study: Only 4 out of 10 Salvadorans Use […]

Five Alleged Scammers Federally Charged With Running Crypto Phishing Scheme by DOJ

El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet

El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin WalletOn February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.” Alphapoint to […]

Five Alleged Scammers Federally Charged With Running Crypto Phishing Scheme by DOJ

Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament

Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of ParliamentThe Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by […]

Five Alleged Scammers Federally Charged With Running Crypto Phishing Scheme by DOJ