He tried, then, to open his account but a notification said his DUI had already been registered. Like Sosa, Santacruz approached a Chivo help center, and after recovering his account, he realized that it had been used to receive money from five hacked accounts, he said. (Attempts to reach Santacruz for comment were unsuccessful.) Source link … [Read more...] about Identity Thieves Exploit El Salvador’s Chivo Bitcoin Wallet’s Setup Process
Process
EY aims to simplify cross-border withholding tax process with blockchain
Global professional services firm Ernst & Young (EY) continues exploring the potential of blockchain technology to improve taxation processes with a new initiative.The company announced Wednesday that EY completed a blockchain-based project to address complexities and inefficiencies in the cross-border withholding tax (WHT) process, generally a paper-based process where … [Read more...] about EY aims to simplify cross-border withholding tax process with blockchain
Algorand could soon process upto $800 million in healthcare costs in Bermuda
MAPay, a global healthcare technology firm with a focus on decentralized payment networks, will use Algorand to issue a stablecoin for facilitating over $800 million worth of healthcare-related costs in Bermuda, as per a development this past week.The firm boasts healthcare partnerships in the US and beyond, and will use Algorand’s blockchain as the backbone for its forthcoming … [Read more...] about Algorand could soon process upto $800 million in healthcare costs in Bermuda
Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments
Hermez Network has announced on Wednesday the launch of its zk-rollup mainnet release. This means that the network is now open for users, who can benefit from the rollup’s much lower transaction costs than Ethereum.Zk-rollups use zero knowledge proofs to verify the correctness of a large batch of transactions. An outside ecosystem executes these transactions and generates … [Read more...] about Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments