El Salvador has mined 474 bitcoin since 2021 using geothermal power fueled by the Tecapa volcano.
The mined coins bring the country’s total bitcoin holdings to 5,750, worth about $380 million at current prices, Reuters reports.
Nayib Bukele, El Salvador’s pro-Bitcoin president, who won a second term in February 2024, implemented 300 new processors powered by volcanic geothermal energy. However, 1.5 megawatts, or 1.47%, of the government-run power plant’s 102 megawatts go to bitcoin mining.
In June 2021, El Salvador became the first country in the world to accept bitcoin as legal tender. Despite a push from its government, however, everyday cryptocy usage remained low the following year.
Coinbase has confirmed that customer contact information and limited transaction data were exposed following a…
Utah Attorney General Derek Brown has filed 14 criminal charges against prediction market platform Kalshi…
Polygon Labs and the Solana Foundation have announced a major partnership to connect Solana's rapidly…
South Korean cryptocy exchange Bithumb has confirmed a cybersecurity breach that exposed sensitive personal information…
Georgia Secretary of State Brad Raffensperger has confirmed that an artificial intelligence agent developed by…
Google Cloud has introduced Google Multi-Party Compute (MPC), a new cryptocy custody security platform designed…