Wallet

Shibnobi: What is it?

Russian cryptocurrency scammers have developed a new scheme to trick citizens out of their money. They offer cryptocurrencies as gift options for holidays or birthdays. However, those who get involved in this "original" idea do not receive anything in return.

Beginners in the cryptocurrency industry are often afraid of the risks associated with it. Besides price volatility, the users often face the danger of their wallets being hacked, causing irreparable losses.

On January 21, the Bank of Russia received a call from an anonymous person who reported that their premises were rigged with explosives. Among other reasons, the criminal cited the possible ban on cryptocurrencies.

An unknown investor withdrew over 6 billion rubles ($83 million) in USDT from one's Binance wallet on January 20. The transaction coincided with the renewed rumors about the ban of cryptocurrencies in Russia and the news about the test of the digital ruble.

El Salvadorans seem to confirm that Bitcoin is the best solution for remittances between countries. According to President Nayib Bukele, the national Chivo wallet registered over $3 million worth of transactions in Bitcoins, most of which were sent from abroad.

Volcanoes are known for their catastrophic destructive potential. The citizens of Pompei knew this full well. However, with the advancement of mankind, even this mighty force of nature does not seem so scary anymore. Some crazies have found a way to harness it for profit. For bitcoin mining, for example.

Despite reported issues with Chivo wallet, the citizens of El Salvador actively embrace bitcoin as their second national currency. About 25% of the population shifted to cryptocurrency including Bitcoin (BTC).

It seems that the introduction of Bitcoin in El Salvador is not going as smoothly as expected. Although President Bukele publicly assured citizens that the problems with the Chivo wallet have been fixed, users are still reporting issues.