Bitcoin wallet | Crypto Profit Bot

A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

September 25, 2021

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On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. 6134 Total views 51 Total shares Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent […]

Survey finds most El Salvador citizens are skeptical of making BTC legal tender

July 9, 2021

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More than half of Salvadorans surveyed don’t seem as keen as their president to adopt Bitcoin. 1635 Total views 18 Total shares According to a newly released survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans. The survey, which polled 1,233 people across El Salvador between July 1 and […]

Salvadorans will not be forced to use the government’s Bitcoin wallet

June 29, 2021

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The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free. 1661 Total views 14 Total shares The latest announcement from El Salvador’s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet. In a tweet on June 29, El Salvador’s President Bukele stated he wanted […]

Forecasting Bitcoin price using quantitative models, Part 3

June 5, 2021

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This is Part Three of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated […]

PayPal users will be able to withdraw crypto to external wallets

May 26, 2021

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Prior to Wednesday’s decision, PayPal users weren’t allowed to move their holdings off the platform. 14562 Total views 6 Total shares PayPal’s embrace of cryptocurrencies appears to be growing after the payments provider revealed that it will allow users to withdraw their digital assets to third-party wallets. The news, which was reported by Reuters Wednesday […]

Nearly a quarter of unique Bitcoin wallets at a loss amid $15K price dump

May 19, 2021

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Bitcoin’s $15,000 price pullback over the last few days has caused the percentage of wallets underwater to exceed 23%. 16776 Total views 26 Total shares Bitcoin (BTC) is down almost 30% in the last seven days, and this dip has triggered an almost commensurate plunge in the percentage of wallets in profit. Data from crypto […]

Crypto wallets in 2021: From hot to cold, here are the options

March 14, 2021

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After another jump in the price of major cryptocurrencies at the end of 2020, crypto enthusiasts began to mine, sell and buy currencies with renewed vigor — which means that nowadays, the topic of custodying cryptocurrencies is more relevant than ever. But unlike the past bullish waves, this time many users are also concerned with […]

Secure Bitcoin self-custody: Balancing safety and ease of use

January 17, 2021

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Bitcoin’s supply is capped at 21 million, but a significant proportion of that total sum is likely lost forever. This situation is due to a variety of reasons such as lost private keys and discarded storage devices containing substantial amounts of Bitcoin (BTC). When Bitcoin owners are not being careless with their wallet passwords, they […]

It’s here: Treasury proposes rule to monitor crypto going to self-hosted wallets

December 18, 2020

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Many have called the long-rumored rules an existential threat to peer-to-peer transactions. 36254 Total views 133 Total shares The Treasury has released its long-awaited proposal to restrict money services businesses, including U.S.-registered crypto exchanges, from dealing with self-hosted wallets. In a Friday evening announcement, the Treasury’s Financial Crimes Enforcement Network, or FinCEN, announced proposed rules […]

Millionaire Bitcoin addresses go parabolic as BTC price crosses $20K

December 17, 2020

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Early BTC miners with the foresight to hodl have now become millionaires. 3262 Total views 16 Total shares Bitcoin’s (BTC) parabolic run has turned early miners into millionaires at a pace rarely seen before. Data from Glassnode shows that the number of Bitcoin addresses holding at least $1 million has skyrocketed to 66,540 this week […]

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