(FILES) A picture taken on 6 February 2018 shows a person holding a visual representation of the digital crypto-currency Bitcoin, at the "Bitcoin Change" shop in the Israeli city of Tel Aviv.
Photo courtesy of AFP
Tinio: Billions funneled into lump-sum aid programs
Before politics, the pressures of public life, and the Presidential Palace, Ferdinand “Bongbong” Marcos Jr. remembers a…
When a Tennessee woman was sentenced to death in 1996 for murdering a 19-year-old student the year before, she remained…
Records from the Anti-Money Laundering Council (AMLC) showed that Cale88 Foods Corp., a firm linked to Vice President…
El Salvador, the first nation globally to adopt Bitcoin as legal tender, announced plans on Friday to enhance the security of its cryptocurrency holdings by redistributing its reserves from a single wallet to multiple new addresses. According to the National Bitcoin Office, each new address will hold up to 500 BTC — equivalent to roughly USD 54 million based on current valuations — and the total balance across all wallets will be publicly visible via a real-time dashboard, reinforcing transparency.
This strategic move aims to bolster protection against cybersecurity threats and reduce risks associated with address reuse. As of the announcement, El Salvador holds approximately USD 682 million worth of Bitcoin in its reserves.
