Latam Insights: Salvadoran Government Introduces Bitcoin Banking Bill, Bitcoin to Compete With Other Currencies in Argentina

June 24, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran government pushes a bitcoin banking bill, president Milei states bitcoin will compete with other currencies in Argentina, and the Wasabi Wallet lead dev declares that bitcoin developers “have failed” El Salvador. […]

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Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’

June 18, 2024 Bitcoin.com

Adam Ficsor

Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation of Bitcoin as a means of exchange, even with the […]

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Snowden Issues ‘Final Warning’ to Bitcoin Developers on Privacy Enhancements

May 4, 2024 Bitcoin.com

bitcoin.com

In the wake of the U.S. intensifying its clampdown on privacy-oriented software and Zksnacks closing its coordinated coinjoin service, Edward Snowden, the NSA whistleblower and former contractor, has issued a stern warning to Bitcoin developers. Snowden emphasizes that time is running out for enhancing privacy and insists it must be integrated at the protocol level. […]

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Zksnacks to Cease Coinjoin Transactions, Affecting Wasabi, Trezor and Btcpay

May 2, 2024 Bitcoin.com

bitcoin.com

On Thursday, Zksnacks, the developer behind Wasabi Wallet, announced its decision to cease its coinjoin services following regulatory measures in the U.S. The company stated that the wallet will now operate as a standard non-custodial bitcoin wallet without the coinjoin feature. Zksnacks Withdraws Coinjoin Feature from Wasabi Wallet Following intensified regulatory scrutiny in the U.S., […]

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Phoenix and Wasabi Leave US Market As Authorities Clamp Down on Self-Custody Wallets

April 29, 2024 The Daily Hodl

Daily Hodl

The developers of Bitcoin (BTC) wallets Phoenix Wallet and Wasabi Wallet have announced that they will stop providing services to US consumers. In a statement, Wasabi Wallet maker zkSNACKs says it is now blocking US citizens and residents from visiting its websites, downloading its wallet and using related products and services such as API (application […]

The post Phoenix and Wasabi Leave US Market As Authorities Clamp Down on Self-Custody Wallets appeared first on The Daily Hodl.

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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

April 28, 2024 Coin Telegraph

Acinq

Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States.

ACINQ's Bitcoin wallet, Phoenix Wallet, and zkSNACKs’ Wasabi Wallet are both discontinuing services for United States customers in response to the recent crackdown on two major self-custodial cryptocurrency wallet providers.

Both ACINQ and zkSNACKs raised concerns about whether self-custodial wallet providers can be seen as legitimate money service businesses following the recent action taken by the U.S. regulatory agencies against Metamask creator Consensys and crypto mixer Samourai Wallet.

“In light of recent announcements by U.S. authorities, zkSNACKs is now strictly prohibiting U.S. users from using its services,” zkSNACKs wrote in an April 27 statement.

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Zksnacks Bars US Users from Wasabi Wallet in Wake of Samourai Indictment

April 27, 2024 Bitcoin.com

bitcoin.com

In a decisive move, Zksnacks announced on Saturday that it will block all U.S. residents and citizens from accessing its bitcoin mixer, Wasabi Wallet. This policy change comes as U.S. authorities intensify their crackdown on unregulated crypto activities, spotlighting the recent indictment of Samourai Wallet founders. Wasabi Wallet Withdraws from U.S. Market to Avoid Regulatory […]

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Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants

February 28, 2023 Bitcoin.com

Anonymity

On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy enhancement. By activating the newly launched plugin, all the funds that merchants receive and send will be coinjoined, or mixed together with […]

John Carvalho Wants to Get Rid of ‘Sats’

Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation

January 5, 2023 Bitcoin.com

'legit legs'

According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of the transactions took place on Dec. 28, there was some recent activity in the first […]

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ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract

April 16, 2022 Bitcoin.com

Adam Ficsor

According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Persons list (SDN). The decision follows the recent OFAC update, that lists the Ronin exploiter’s ethereum address, […]

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