Bitcoin News
By MikeT
1 / 15
Evidence of ‘Bitcoin Recycling’. Sani examined transactions linked to a specific Bitcoin address, 3KhF5JyMkTtViu2jnp5rffedQbVjydRYKC…
2 / 15
Why It Matters for El Salvador. If the government is indeed recycling Bitcoin instead of making net-new acquisitions, it could…
3 / 15
Meliuz Turns to Options for Bitcoin Accumulation. Meanwhile, in Brazil, cashback and digital services company Meliuz is expanding its treasury…
4 / 15
A Cautious, Low-Risk Strategy. Meliuz explained that only a small fraction of its operational cash reserves — less than 10% —…
5 / 15
Uruguay Explores Digital Currency Potential. Elsewhere in the region, Uruguay is preparing to study the potential of adopting digital currencies.
6 / 15
Latin America’s Expanding Crypto Footprint. This week’s developments highlight the different approaches Latin American countries and companies…
7 / 15
Conclusion. The past week has shown once again that Latin America is a key player in the evolving crypto…
8 / 15
El Salvador, the first country in the world to adopt Bitcoin as legal tender, is once again in the headlines.
9 / 15
However, blockchain analysts are raising questions about how these purchases are being carried out.
10 / 15
Sani examined transactions linked to a specific Bitcoin address, 3KhF5JyMkTtViu2jnp5rffedQbVjydRYKC, which has been associated with El Salvador’s purchases in the past.
11 / 15
The blockchain data revealed a pattern: the address sent Bitcoin to Binance, followed by withdrawals back to addresses tied to El Salvador.
12 / 15
Sani also highlighted activity from September 7, when President Bukele revealed that El Salvador acquired 21 BTC to celebrate Bitcoin Day.
13 / 15
If the government is indeed recycling Bitcoin instead of making net-new acquisitions, it could affect transparency around how much Bitcoin the nation truly holds.
14 / 15
Transparency is particularly critical for El Salvador, as the nation’s Bitcoin policy has been closely watched by both supporters and critics worldwide.
15 / 15
Meanwhile, in Brazil, cashback and digital services company Meliuz is expanding its treasury management approach by adopting an options-based Bitcoin strategy.
The Currency Analytics
Want the full story?