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Illicit Bitcoin mining farm sealed in Paraguay; El Salvador debate on BTC
3.6.2024
The authorities took action against a Bitcoin mining farm that hosted 2,738 Bitcoin miners and five electric transformers, which were confiscated by the authorities. Supervisory and control systems and AI-backed software helped detect these illegal Bitcoin mining farms. According to the report...
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
3.6.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched...
Pro-Bitcoin President Bukele Begins Second Term in El Salvador
2.6.2024
The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains robust. His administration’s notable...
El Salvador's pro-Bitcoin president Nayib Bukele sworn in for a second term
2.6.2024
El Salvador's pro-Bitcoin President Nayib Bukele began a new five-year term, with the crypto industry applauding his leadership as he positions the country as a "world leader."
Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador
30.5.2024
Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador
Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador
30.5.2024
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,”...
Ark CEO Cathie Wood Talks Bitcoin With El Salvador’s President — Applauds His Vision for BTC Hub
30.5.2024
Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into a...
El Salvador’s Bitcoin and AI Adoption Plans Could 10x GDP by 2029
29.5.2024
ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years.
The post El Salvador’s Bitcoin and AI Adoption Plans Could 10x GDP by 2029 appeared first on Cryptonews
El Salvador and Cathie Wood talk about Bitcoin-powered economic growth
29.5.2024
El Salvador’s President, Nayib Bukele, has joined hands with Cathie Wood, the Chief Executive Officer of Ark Invest. The idea is to explore the potential unique qualities of Bitcoin and blockchain technology to boost the country’s economy. The impact of their collaborative efforts is expected...
El Salvador’s Bitcoin, AI plans could boost GDP tenfold by 2029: Cathie Wood
29.5.2024
The ARK Invest CEO praised the Central American country for being an “oasis” for Bitcoin and AI adoption
Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation
27.5.2024
Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints...
El Salvador authorities discuss Bitcoin with Argentinian regulators
27.5.2024
El Salvador authorities are in talks with Argentinian regulators about Bitcoin adoption. The news was confirmed by the CNV (National Securities Commission of Argentina). According to an official notice, the CNV confirmed that top officials from both parties had a meeting recently. The parties...
Argentina aims to learn from El Salvador's Bitcoin success
27.5.2024
Argentina wants to learn from El Salvador’s experience of Bitcoin adoption and other cryptocurrency activities
Argentinian Regulators Talk Bitcoin with El Salvador Authorities
27.5.2024
Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend.
The post Argentinian Regulators Talk Bitcoin with El Salvador Authorities appeared first on Cryptonews
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
20.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched...
El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy
16.5.2024
El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5...
El Salvador Announces Tokenized Investment Offerings On Bitcoin Sidechain
15.5.2024
El Salvador's National Bitcoin Office launches tokenized investment offerings on the Liquid network, leveraging blockchain technology for new opportunities. Discover how to invest in El Salvador Bitcoin and benefit from its growing ecosystem.
The post El Salvador Announces Tokenized Investment...
El Salvador mined over 474 Bitcoins, expanding its crypto stash
15.5.2024
According to a recent report by El Salvador’s official government organization, its coffers presently contain 5,750 Bitcoins. El Salvador has mined nearly 474 Bitcoins for the past three years, and the credit goes to its geothermal powerhouse, which uses volcanoes as fuel. Touted as a green...
El Salvador mines 474 Bitcoin using geothermal volcanic energy
15.5.2024
El Salvador currently holds 5,750 BTC worth $354 million which it has accumulated over three years
El Salvador Mined 474 BTCs Since 2021, Government Now Holds 5,750 BTCs
15.5.2024
El Salvador, which became the first nation to use Bitcoin (BTC) as legal tender, could easily hold 5,750 Bitcoins, per “Bitcoin Office” report.
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