Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi

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Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi

The post Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi appeared first on Coinpedia Fintech News

Panama City could be on track to become Central America’s next Bitcoin hotspot after Mayor Mayer Mizrachi teased the creation of a city-level Bitcoin reserve. His cryptic hint came right after a high-profile meeting with El Salvador’s leading crypto strategists.

A Cryptic Clue Sparks Excitement

Mayor Mizrachi posted the words “Bitcoin Reserve” on X shortly after meeting with El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. The post, just 11 days ahead of his scheduled speech at Bitcoin 2025 in Las Vegas, has stirred speculation across the crypto community.

While no official details have been disclosed, the timing and tone hint at major developments—perhaps even Panama City mirroring El Salvador’s national Bitcoin reserve, which now holds 6,179 BTC worth nearly $640 million.

Crypto Payments Pave the Way

Panama City is already moving toward crypto adoption. A recently approved measure may soon allow Bitcoin, Ethereum, Tether (USDT), and USDC to be used for public payments—including taxes and municipal fees—pending the implementation of crypto-to-fiat conversion systems.

Although establishing a city-level reserve is possible, a federal-level Bitcoin reserve would require legislation by the National Assembly, which Mizrachi has not yet formally initiated.

Sustainable Bitcoin Mining & Crypto Education Ahead

As per Max Keiser’s post, they discussed using Panama’s hydroelectric energy for sustainable Bitcoin mining—similar to how El Salvador leverages geothermal power. This could help Panama position itself as a green crypto-mining hub.

In a notable educational initiative, Herbert confirmed that Panama City will adopt El Salvador’s “What is Money?” financial literacy textbook in its online library—marking a deeper collaboration between the two nations.

Conclusion

Mayor Mizrachi appears bullish on the idea of a Bitcoin reserve, but more clarity is expected once he consults with national lawmakers. With El Salvador recently facing IMF tensions over its Bitcoin policy, Panama may tread cautiously.However, with the Bitcoin 2025 Conference just around the corner and Mizrachi set to speak, the crypto world is watching closely

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Ripple CTO Flags Possible Breach on Pro-Crypto Lawyer John Deaton’s X Account

Ripple CTO Flags Possible Breach on John Deaton X Account

A suspicious post from John Deaton’s X account has raised concerns of a possible hack. This prompted Ripple Labs’ Chief Technology Officer to issue a public warning, advising followers to refrain from engaging with the account. He placed the embargo until John Deaton could confirm that the account was compromised.

Suspected Post from John Deaton

In a recent development, well-respected crypto lawyer John Deaton, taking to the X platform shared a message promoting Arch Public, a cryptocurrency-related platform. 

As detailed, the post also tagged notable names like crypto exchange Gemini, making it appear like an endorsement. However, long-time followers of Deaton found it strange.

As his previous social media post shows, John Deaton is widely known for defending XRP holders and supporting regulatory clarity in crypto. He recently advocated for releasing Hinman documents in a crypto case for more clarity 

His usual posts focus on legal battles, industry policy, and crypto rights. However, the Arch Public post stood out. Some market participants mentioned that it lacked any background, explanation, or context that normally comes with his advocacy updates. 

The Ripple CTO Flag and Community Reaction

It is worth noting that the gap in tone and content is what made Ripple CTO David Schwartz step in. Commenting on the post, he warned John Deaton’s followers and the community not to trust the message until Deaton confirmed it was real. 

According to the CTO, the post looked wrong in many ways, and he urged the lawyer’s 354,000 followers to remain cautious.

His concern sparked reactions from other users. Many began questioning whether Deaton’s account had been taken over, especially with the unusually long silence. Others shared screenshots of the post, highlighting the red flags in its writing. 

Meanwhile, in his recent X post, Deaton appreciated the community’s concern but pointed out some misinformation. He promised to go live on X at 3 PM EST on April 16, 2025, to address any questions.

Crypto Hacks Soar in the Industry

This incident comes amid a wave of recent hacks in the crypto space. According to reports earlier this week, KiloEx, a decentralized exchange, lost $7.5 million.

According to the update, hackers exploited weaknesses in the platform’s pricing mechanism. This hack ultimately led to a sharp drop of nearly 32% in the value of its native token, KILO.  

The attack targeted BNB Smart Chain, Base, and Taiko, three core blockchains supporting KiloEx’s multi-chain operations. 

As reported by CoinGape, on April 15, zkSync suffered a breach as well. Hackers got into an airdrop admin account and minted 111 million ZK tokens, which caused the price of the token to drop by 12%.

The post Ripple CTO Flags Possible Breach on Pro-Crypto Lawyer John Deaton’s X Account appeared first on CoinGape.

A $245 Million Bitcoin Thief Pleads Guilty in the US

Veer Chetal, one of three men who stole $245 million in Bitcoin last year, just pleaded guilty to fraud and money laundering charges. He agreed to testify against his co-conspirators as part of the deal.

Chetal now faces 19 to 24 years in prison, and his parents may be deported from the US. Although he ran a competent scam, his subsequent actions repeatedly damaged his fortunes.

Bitcoin Thief Who Once Said “I Win It All”

The crypto community has seen a lot of scams over the last few years, but some truly bizarre incidents are coming into the spotlight.

Last year, Veer Chetal, a teenager from Connecticut, stole $245 million in Bitcoin with the help of two accomplices. Shortly after, kidnappers abducted his parents in an attempt to steal these ill-gotten gains.

Now that Chetal has pleaded guilty to the Bitcoin theft, several relevant court documents have been unsealed. This is making more of the full picture come to light.

It seems that the six kidnappers had nothing to do with the initial theft, either as accomplices or perpetrators. The kidnappers assaulted Chetal’s parents, but the extortion proved unsuccessful.

ZachXBT, the prominent crypto sleuth, initially spearheaded the investigation of Chetal’s Bitcoin theft. He referred to the theft as a “highly sophisticated social engineering attack.”

However, he also noted that poor operational security allowed him to find the culprits’ identities. Now that Chetal is practically guaranteed to see prison time, the sleuth indulged in a little gloating:

According to the unsealed documents, Chetal participated in around 50 similar crimes before his big Bitcoin theft, which netted him around $3 million.

His current plea deal will likely include over a decade in prison after he tried to participate in another scam while out on bail. Chetal’s Indian-born parents also face deportation from the US, as his father lost his job following the kidnapping.

All that is to say, there may be a lot of social engineering scams in crypto right now, but many of their perpetrators are objectively incompetent.

The post A $245 Million Bitcoin Thief Pleads Guilty in the US appeared first on BeInCrypto.

Making Sense of Web3: How Homnifi Opens the Door for Everyone

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The post Making Sense of Web3: How Homnifi Opens the Door for Everyone appeared first on Coinpedia Fintech News

For many people, the idea of Web3 feels like stepping into a world built for someone else—one filled with unfamiliar terms, complex tools, and confusing steps. hile the vision behind Web3 is exciting, the experience of getting started has too often left people feeling lost, left out, or unsure where to begin.

Homnifi believes it doesn’t have to be that way.

Instead of adding to the complexity, Homnifi is focused on making Web3 understandable, approachable, and empowering—no matter someone’s background, technical knowledge, or location. It’s a platform where everyday people can feel confident joining the future of the internet and contributing to it, all in their own way.

A Simpler Starting Point

The first step is often the hardest—and in Web3, it can feel like a mountain.

That’s why Homnifi is designed around the idea of simplicity. From the moment someone arrives, they’re guided through a clear, user-friendly experience. There’s no need to know the jargon. No need to have prior experience with decentralized apps. Everything is designed to make sense intuitively.

Even actions like connecting a device or exploring how participation works are broken down into natural, easy-to-follow steps—removing the pressure and making the entire process feel more like curiosity than commitment.

No Expertise Required

On many platforms, users are expected to understand complex systems or take on technical tasks just to get started. That creates a gap—one that leaves out the very people Web3 was meant to empower.

Homnifi turns that on its head.

Whether someone is exploring Web3 for the first time or coming back after feeling overwhelmed, Homnifi offers an environment where anyone can participate meaningfully without needing a manual.

By focusing on practical, everyday use cases and offering clear guidance, the platform meets people where they are—and helps them move forward at their own pace.

Building a Space Where Everyone Belongs

At the heart of Homnifi’s mission is the belief that digital ecosystems should be open and welcoming—not gated or exclusive. That means designing a space where every user feels valued, and where their participation—no matter how small—has an impact.

Homnifi invites people to connect through the devices they already use, contribute in ways that feel natural, and be part of a global community that’s built on mutual respect, shared access, and meaningful digital inclusion.

It’s not about fitting into someone else’s version of Web3. It’s about shaping it together.

Small Steps, Real Progress

One of the most empowering parts of Homnifi is that users don’t need to make big moves to get involved. Simply staying connected, participating in platform activities, or exploring the network helps strengthen the entire system.

And in return, users are recognized and rewarded—reminding them that even small actions have value.

This creates a natural, positive feedback loop: people feel encouraged, they stay engaged, and the ecosystem grows stronger as a result.

A Future That Welcomes Everyone

Homnifi isn’t just a gateway to Web3. It’s a reimagining of what entry should look like—open, smooth, and made for everyone.

By breaking down barriers and building up confidence, the platform is proving that decentralized spaces don’t have to be difficult or intimidating. They can be inclusive, intuitive, and deeply rewarding.

And when participation feels easy and natural, more people are inspired to step through the door—not just to observe the future of the internet, but to shape it.

About Homnifi

Homnifi is a dynamic and secure digital platform that enables a 360-degree experience of the world of web3. It provides easy access to the evolving digital space through its wide spectrum of solutions, simplifying the user journey and making web3 available to everyone.

Discover Homnifi’s full suite of hardware and software solutions by visiting their website at Homnifi.com. You can also follow them on social media to keep up with their latest product and news updates.

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The post Making Sense of Web3: How Homnifi Opens the Door for Everyone appeared first on Coinpedia Fintech News
For many people, the idea of Web3 feels like stepping into a world built for someone else—one filled with unfamiliar terms, complex tools, and confusing steps. hile the vision behind Web3 is exciting, the experience of getting started has too often left people feeling lost, left out, or unsure where to begin. Homnifi believes it …