Ricardo Navarro, one of El Salvador’s leading ecologists, has dire warnings for President Nayib Bukele’s plan to tap into geothermal energy to power Bitcoin mining operations saying the plan will “end in environmental disaster.”
Category Archives: Bitcoin
Badger DAO Hack Clears Over $120M Worth Of Bitcoin And Ethereum From Customer Wallets
Badger DAO, a decentralized finance project focused on Bitcoin built on the Ethereum blockchain network that allows users to earn. Passive crypto income, is the latest to be victimized by a hack with $120.3 million worth of Bitcoin and Ethereum stolen during a particularly nasty front-end attack.
MicroStrategy Buys The Dip, Shows Weak-Handed Wall Street How Whales Eat, Purchases 7002 Additional Bitcoins
In regulatory filings disclosed Monday morning, MicroStrategy, the cloud-based data analytics firm founded by Michael Saylor, disclosed yet another large purchase of Bitcoin continuing its show of support for the world’s preeminent digital currency.
Crypto Cyber Monday Is Live! Voyager Is Now Giving Away $40 in Bitcoin During Limited 48-Hour Sign-Up Promo
Starting Monday, November 29th 2021 thru Tuesday November 30th 2021, Voyager will offer new customers an additional $15 in Bitcoin on top of their regular $25 Bitcoin sign-up reward, giving $40 total in Bitcoin just for joining the popular and high-reward crypto exchange. This makes their sign-up incentive one of the largest in the industry, and does not even take the 12% interest that customers earn on their crypto into account.
Global Financial Markets Rocked By Omicron Covid Variant B.1.1.529
Financial markets around the world are quickly reacting to the news that a new coronavirus variant called B.1.1.529, which has the potential to be vaccine-resistant, was detected in Hong Kong, South Africa, and Botswana.
Bitcoin And Shiba Inu Drop As India Plans To Ban Cryptocurrencies Including Fines For Holders And Potential Jail Time
Cryptocurrencies were facing a wide market retreat Wednesday as India moves forward with plans to introduce a digital currency regulated and attached to its central bank and subsequently make most other digital assets illegal.
El Salvador’s President Nayib Bukele Announces Plans For A Bitcoin City Powered By Geothermal Energy
El Salvador President Nayib Bukele closed out a week-long promotion of Bitcoin by unveiling his plans to construct an oceanside “Bitcoin City”, funded initially by Bitcoin backed bonds, built by the Conchagua volcano to harness geothermal energy for both the city’s power grid and for Bitcoin mining.
Crypto Mining Firm Bitdeer Technologies Agrees To Merger With Blank-Check Firm Blue Safari Group Acquisition Corp With Four Billion Dollar Valuation
In a press release issued Thursday, Bitdeer Technologies announced it has agreed to a future merger with blank-check firm Blue Safari Group Acquisition Corp to become a publicly traded company on the United States stock market.
Bitcoin Drops Below $60,000 In Overnight Trading As New Regulations In The US and China Stoke Fears
For the first time since November 1st, Bitcoin’s valuation dropped below $60,000 in overnight trading as the passing of the US infrastructure bill and a continued crackdown on cryptocurrency mining in China pulled the market down for the most popular digital coins.
A Bitcoin Explosion: El Salvador Now Has More Digital Wallets Than Traditional Bank Accounts
During September 2021 El Salvator formally started accepting Bitcoin as legal tender and continues to be on the forefront of the move to mass crypto adoption. Today, President Nayib Bukele announced that Bitcoins presence in his country is so prolific that the number of citizens using digital wallets has outgrown those that have traditional bank accounts.