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El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’

El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response

Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand ResponseAccording to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs. […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible

Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays PossibleThe treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable. Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture During the second week […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining FacilityOn Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

El Salvador to Mine Bitcoin With Energy From Volcanoes: ‘100% Clean, 100% Renewable, 0 Emissions’

El Salvador to Mine Bitcoin With Energy From Volcanoes: ‘100% Clean, 100% Renewable, 0 Emissions’El Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos,” he detailed. Bitcoin Mining Using Volcanoes’ Energy El Salvador President Nayib Bukele […]

US Bitcoin strategic reserve divides opinion at World Economic Forum