El Salvador Crypto News

The crypto industry royally screwed up privacy

Privacy is a complicated topic. Few would argue that privacy is not important. It’s generally more interesting to talk about things that are disputable. So, the limited arguments against privacy actually make it somewhat boring to discuss and easy to take for granted. As Edward Snowden famously said: “Arguing that you don’t care about privacy

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Environmentalists see Bitcoin mining power plant as climate threat – National

An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant. Greenidge Generation runs a once-mothballed plant near the

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A 60% growth in crypto ATMs by 2030, but here’s the caveat

El Salvador leading the charge… again What’s more, the report valued the global ATM market at $35.80 million in 2020. Now, the same is projected to hit $3.55 billion by 2030. Just like online transactions, crypto-ATMs also require users to go through KYC verifications. Additionally, an auto-generated receipt will include the user’s public and private

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A 60% growth in crypto-ATMs by 2030, but here’s the caveat

The Covid-19 pandemic seems to have given a push to the global crypto-ATM market. On the back of greater adoption, the size of the crypto-ATM market is estimated to increase by around 60% through 2030, according to a report by Allied Market Research. The aforementioned report also predicted that the trend seen in 2020 is

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Bitcoin Mining to Provide Heat in Vancouver, Canada

North Vancouver, part of the Canadian district of British Columbia, is on a path to become the first city that employs bitcoin mining for heating residential and commercial buildings. The initiative should be available from 2022 after a partnership between the cryptocurrency miner – MintGreen – and the Lonsdale Energy Corporation (LEC). BTC Mining as

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4 Crypto Influencers Share Their Top Utility Coin and Explain Why

Altcoins that spiked by more than a million percent two years ago are almost unheard of today.  Whether that experience will repeat itself remains to be seen.  Regardless of the uncertainty, crypto influencers each have a favorite pick that they believe in. Investing in cryptocurrencies isn’t like investing in stocks. There aren’t many analysts from

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Australia’s fifth largest pension fund to consider investing in crypto

Pension fund platforms, of late, have portrayed their interest in crypto tokens. This certainly is a significant achievement for cryptocurrencies, especially its viability as an investment tool for the long term. This is mainly due to the fact that, these “conservative” platforms have a lot of rules, regulations, and procedures that they need to follow.

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The first municipality in the world to be heated by crypto mining is in Canada

MintGreen, a Canadian company specializing in clean bitcoin mining technologies, established an agreement with an energy company from North Vancouver (British Columbia, Canada) for the supply of heating to more than one hundred buildings, both commercial and residential, using a low carbon impact technology. The city and municipal company Lonsdale Energy Corporation, focused on reducing

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El Salvador explores bitcoin mining powered by volcanoes

BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency bitcoin. The pilot project has inspired a rash of volcano emojis from President Nayib Bukele, who made bitcoin legal tender

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El Salvador sees greener crypto-currency mining in its future

SAN SALVADOR, Oct 15 (Reuters) – El Salvador’s unfolding experiment as a first-adopter of the crytocurrency bitcoin could be increasingly powered by new streams of renewable energy, the chief of the country’s hydroelectric commission told reporters on Friday. Energy-intensive cryptocurrency “mining” is done by computers, and has come under criticism from environmentalists as a big

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Fraud Reports Mar El Salvador’s Bitcoin Journey

In a week that saw bitcoin rocket to near previous highs, El Salvador’s own grand experiment with embracing the crypto as legal tender seems to be getting some pushback. At this writing, bitcoin is trading at more than $61,000, well within highs of roughly $64,000. But the mechanics of getting bitcoin more firmly entrenched into El

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MicroStrategy’s Bitcoin Bet Doubles to $6 Billion as Price Soars

(Bloomberg) — MicroStrategy Inc. appears to be one of the bigger beneficiaries from the euphoria surrounding the likely launch of Bitcoin ETFs, with the overall value of the company’s holding of the cryptocurrency doubling. Most Read from Bloomberg The enterprise software firm held approximately 114,042 Bitcoin as of Sept. 12, acquired at an aggregate purchase

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El Salvador’s bold bitcoin experiment yet to convince banks

El Salvador’s adoption of bitcoin as legal tender on September 7 was met with protests in the capital city San Salvador. The country implemented a law in just 90 days to allow the cryptocurrency to be used to settle transactions. Its government, led by president Nayib Bukele, argues that the move will support development and attract

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Crypto firms Tether, Bitfinex to pay $42.5 million to settle U.S. CFTC charges

By Chris Prentice (Reuters) -Cryptocurrency Tether and crypto exchange Bitfinex will pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly making misleading statements and making illegal transactions. Firms doing business as Tether agreed to pay $41 million to resolve CFTC charges they made misleading claims about Tether’s

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Bitcoin tops $60,000, nears record high

When bitcoin became legal tender in El Salvador last month, the digital currency got some mainstream credentials. As it hit $60,000 for the first time in six months on Friday (October 15), the anticipation of a different move was getting investors excited. Traders are growing confident that U.S. regulators will approve the launch of an

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Why Bitcoin-Related And Ethereum-Related Stocks Are Rising Today

Cryptocurrency-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The cryptocurrency markets are rallying ahead of Bitcoin futures ETF application rulings that are expected to come as

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Crypto landmark: SEC poised to greenlight Bitcoin futures ETFs | Crypto News

US regulators are set to allow the first US Bitcoin futures exchange-traded fund to start trading, sources tell Bloomberg News, in a landmark moment for the crypto industry. By Katie Greifeld and Vildana Hajric and Ben BainBloomberg The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a

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3 Cryptocurrency Comeback Stocks to Buy Now

After taking a major downturn in the summer, cryptocurrencies have been bouncing back in a big way throughout October and proving that investors still have an appetite for these high-flying and volatile digital assets. With dozens of firms filing for SEC approval of bitcoin-based ETFs and Federal Reserve chair Jerome Powell stating that he has

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Analysis: Cryptocurrencies won’t become part of the modern monetary system

The views and opinions expressed in this article are those of the author. E-money and cryptocurrencies, especially Bitcoin, have come back into focus. Bitcoin was recently legalised in Ukraine and introduced as legal tender in El Salvador. The question is, are cryptocurrencies currencies or “money” at all? The question is not a technological one but

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Hashtag Trending Oct. 15 – No more LinkedIn in China; Windows 11 patch slows AMD processors; U.S. now biggest bitcoin mining hub

With files from Tom Li Microsoft ends LinkedIn in China, Windows 11’s new patch further slows AMD processors, and the U.S. is now the world’s largest bitcoin mining hub. It’s all the tech news that’s trending right now, welcome to Hashtag Trending! It’s Friday, October 15, and I’m your host, Jori Negin-Shecter. Microsoft to shut

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Mexico’s President evades calls to incorporate Bitcoin as legal tender

El Salvador‘s decision to adopt Bitcoin as legal tender has set off a wave of political excitement across Latin America. However, according to Mexico’s President, the country will be rejecting any ideas associated with integrating Bitcoin into its financial system. Que predomine el interés general; a un lado lo individual. Conferencia de prensa matutina, desde

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Fantom (FTM) Spikes 13% (Market Watch)

Following several days of impressive price surges and consecutive multi-month highs, bitcoin has calmed slightly but still stands above $60,000. Most altcoins are also untypically

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