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Some Salvadorans claim funds are missing from their Chivo wallets

Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media. In a Dec. 16 Twitter thread started by user “the commissioner,” at least 50 Salvadorans have reported December losses totaling more than $96,000, following the setup of the Bitcoin (BTC) wallets by the government. Some of these transactions were for as little as $61, but others said they were missing thousands or more. 2- $3,921 pic.twitter.com/fvP8aLHQyP — El Comisionado (@_elcomisionado_) December 18, 2021 “There is a security flow on the wallet where money and transactions disappeared,” said Luis Guardado in a direct appeal to President Nayib Bukele. “No tech support and only useless calls, where is my money.” Bukele said in October that 3 million...

Dormant Bitcoin wallet holding 321 BTC activated after eight years

A Bitcoin wallet containing millions of dollars worth of Bitcoin (BTC) has come out of dormancy. For one reason or another, the wallet has not transacted for years despite having what is considered life-changing money.  The wallet had not been used since 2013, barely a few years after the mysterious Bitcoin creator Satoshi Nakamoto disappeared. The wallet currently contains $15 million worth of BTC, and it’s unclear who owns this account or why it was reactivated on Tuesday. The wallet has 321 BTC. After eight years, the value of this amount has increased from $6,594 to a staggering $15,103,046. By now, the funds in the wallet had appreciated almost 2,300 times. The Bitcoin community is abuzz with speculation about who owns the wallet and why it has just come out of dormancy. Some bel...

Bitcoin Core developer Samuel Dobson decides it is ‘time to go’

Developer Samuel Dobson announced via a series of tweets on Thursday night that he is stepping down as a Bitcoin Core maintainer after three years as he “can no longer dedicate the time required, as I approach the end of my Ph.D.” I am officially stepping down as a maintainer of Bitcoin Core. Serving as the wallet maintainer for the past three years has been an absolute privilege, and I want to thank my incredibly generous sponsor John Pfeffer (@jlppfeffer) for his support throughout. /1 — Samuel Dobson (@meshcollider) December 9, 2021 As a Bitcoin Core wallet maintainer, Dobson had direct access to the cryptocurrency’s code on GitHub, with permissions to approve changes and make improvements to the Bitcoin software. He was also responsible for ensuring the security of the protocol. ...

FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K

The year-long mantra that the crypto market would see a blow-off top in December has proven to be a dud thus far and for the last week, most cryptocurrencies have been under sell pressure and Bitcoin (BTC) is encountering difficulty in trading above $47,000.  That said, it’s not all bad news for cryptocurrency holders on Dec. 10 because several altcoins have managed to post double-digit gains due to new exchange listings and protocol upgrades. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER). FLUX benefits from the “Binance bump” Flux is a GPU mineable proof-of-work p...

What to Expect from the 2020 Bitcoin Halving

The Bitcoin halving is a planned reduction in rewards miners receive. Halvings happen once every four years or so. And the next one will take place in the early hours of Tuesday, 12 May 2020. What exactly is a halving and why does it happen? Bitcoin is generated by miners. They have computers performing complex calculations which validate the transactions on a public digital ledger, called the blockchain. The miners compete with each other to earn newly-issued tokens known as a block reward. A halving is a 50% reduction in the value of rewards to Bitcoin miners. There is a finite number of Bitcoin that will ever be in circulation (21 million) and there is no way of producing more. Halvings are a unique protocol which controls the supply of Bitcoin. /* custom css */ .tdi_3_98b.td-a-rec-img{...

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