El Salvador’s Bitcoin Launch: Chivo wallet reportedly fixed after bumpy rollout
Following reports of various faults with the application, the Chivo Bitcoin wallet was forced to shut down for five hours for scheduled maintenance. El Salvador’s Bitcoin (BTC) adoption effort has hit a snag after citizens experienced difficulties downloading and using the government-sponsored Chivo wallet . While the wallet was pulled down shortly after it went […]
UK’s Financial Conduct Authority (FCA) criticizes Kim Kardashian’s Crypto Ad
The FCA chairman has warned the public to steer clear of unregulated or uninsured speculative tokens, as adverts pertaining to these could be a “pump and dump” scheme in wait to rob investors of their money. The chairman of the Financial Conduct Authority in the United Kingdom, Charles Randall, has spoken out against Kim Kardashian’s […]
FDIC sets to hire Anchorage crypto custodian to manage assets of failed banks
The FDIC is now on the verge of employing a cryptocurrency custodian to assist it to store and sell digital assets like crypto when a bank fails. According to sources familiar with the matter, the federal government is planning to hire Anchorage, a San Francisco-based firm, to assist it in storing and selling any Bitcoin […]
El Salvador’s Bitcoin journey starts with a price crash and technical difficulties
The government’s official Chivo Wallet have experienced some technical issues following it debut and Bitcoin has seen a 10% price crash since becoming a legal tender in El Salvador. The difficulties of Bitcoin becoming legal tender in El Salvador have been excruciating . There have been protests in the streets, critics imprisoned without charge by […]
Kraken Australia’s CEO gives August market report and also his take on BTC price dip
CEO Jonathan Miller of Kraken Australia mentioned that the buzz surrounding the implementation of El Salvador’s Bitcoin Law may be seen as one of the “heady causes” driving Bitcoin’s recent advances. According to Kraken’s August report, Ether supply on centralized exchanges fell to a three-year low of 12.8 percent at the beginning of the month, […]