The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Ethereum

El Salvador’s Bitcoin wallet Chivo is set to remove its trade profiting feature

by Miki 10/27/2021
by Miki 10/27/2021 0 comment
Deposit and Earn Up to $3000 Bonus

Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night.

“Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase.

Chivo took to Twitter to announce that the digital wallet will no longer provide the facility of scalping on their app as it promotes a sense of fraud in crypto trading “Unfortunately, many of our users used it for scalping, which is legal but without the option of having a frozen price.” Chivo said on Twitter.

Hemos tenido que deshabilitar temporalmente la opción de ver el precio del Bitcoin congelado durante un minuto.

Lamentablemente, muchos de nuestros usuarios lo utilizaban para hacer “scalping”, que es legal, pero sin tener la opción de una tasa congelada.

🧵 Hilo:

— chivo (@chivowallet) October 18, 2021

Update causes frenzy among its users

With the recent app update, the wallet has now started restricting trades to one every three minutes to limit scalping. Users are also complaining that the price at which they sell Bitcoin is not the price they receive once the transaction has been processed.

Chivo has not yet provided any evidence that proves whether the price differentiation that the users are facing is caused by price swings during the three-minute delay or not. Some are also accrediting the price differentiation as a fee charged by Chivo to let users access its wallet to make crypto trades.

These changes are the latest addition to the app, which has been long plagued by numerous bugs and app issues before. Users have been complaining that the app has been malfunctioning and displaying the wrong user data.

Critosal, a human rights organization in El Salvador, has received 700 complaints against Chivo that states that the app has been showing buggy identities to users. Chivo requires an El Salvadorian ID to open an account, many users have complained alleging that their IDs were already in use when they tried to open an account on the app.

Tracoda, another watchdog group, has also asserted that they have received 2000 cases involving the issue of stolen identities through the Chivo app.

Posted In: Bitcoin, Ethereum, El Salvador, Banking, Exchanges, Investments, Legal, Opinion, People, Regulation, Technology, Trading, Wallets
Deposit and Earn Up to $3000 Bonus



Source link

Views: 5
BitcoinChivoFeatureprofitingRemoveSalvadorsSettradeWallet
Share
0
FacebookTwitterPinterestEmail
previous post
Coinbase CEO Armstrong Stirs Hope Of Relisting XRP After Throwing His Weight Behind Ripple ⋆ TCNW
next post
ChangeNOW Announces the Release of Its NOW Wallet

Related Posts

Bitcoin, Ethereum beat gold in 2021, big time

12/28/2021

Bullish Signal? Ethereum Market Dominance Sitting Above 20%

12/28/2021

Ethereum Foundation announces the launch of the Kintsugi...

12/26/2021

Crypto Research Analyst Puts Ethereum At $9,000 In...

12/23/2021

Snoop Dogg Joins The Bored Ape Yacht Club...

12/23/2021

How Ethereum 2.0 One-Year Stats Stack Up

12/22/2021

Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage

12/22/2021

Ethereum splinternet, are scaling solutions breaking up the...

12/21/2021

Ethereum Exchange Withdrawals Reaches One-Year Low. Why This...

12/21/2021

Do Senator Lummis & Toomey’s Bitcoin Holdings Pose...

12/20/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • “Elon Is A Vacationer In Crypto”

  • SEC Delays Decision on Valkyrie Bitcoin ETF

  • Litecoin repeating history will have this effect on its price action

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,236.000.69%
  • ethereumEthereum(ETH)$2,059.212.16%
  • tetherTether(USDT)$1.000.34%
  • binancecoinBNB(BNB)$334.295.04%
  • usd-coinUSD Coin(USDC)$1.000.20%
  • rippleXRP(XRP)$0.4245171.32%
  • cardanoCardano(ADA)$0.552.65%
  • Binance USDBinance USD(BUSD)$1.000.13%
  • SolanaSolana(SOL)$53.453.04%
  • polkadotPolkadot(DOT)$10.584.57%
  • dogecoinDogecoin(DOGE)$0.0872441.22%
  • AvalancheAvalanche(AVAX)$32.111.81%
  • Lido Staked EtherLido Staked Ether(STETH)$2,018.632.70%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,238.000.91%
  • tronTRON(TRX)$0.0795424.10%
  • Shiba InuShiba Inu(SHIB)$0.0000123.47%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.010.32%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$73.052.41%
  • CronosCronos(CRO)$0.1983172.68%
  • matic-networkPolygon(MATIC)$0.694.19%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.910.51%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.352.98%
  • FTX TokenFTX Token(FTT)$30.710.68%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$201.431.81%
  • RareRare(RARE)$0.0461220.00%
  • moneroMonero(XMR)$196.568.43%