• El Salvador's audacious volcanic Bitcoin mining has the IMF on alert

    4 days ago - By SlashGear

    El Salvador plans to use volcanic power to mine Bitcoin, the latest unexpected twist as the country makes the cryptocurrency a parallel legal tender. While El Salvador will continue to use the US dollar, as it has since 2001, it will also accept Bitcoin at the same time, a move which had frustrated environmentalists concerned about the energy requirements to...
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  • El Salvador is the first to adopt Bitcoin as real money - which is good news for the unbanked

    El Salvador is the first to adopt Bitcoin as real money - which is good news for the unbanked

    5 days ago - By The Next Web

    Around the world, bitcoin has a mixed reputation. Owning and using the cryptocurrency is legal in a majority of nations, tolerated in many others, and outlawed by a relatively small number. El Salvador has just become the first nation to formally adopt the cryptocurrency as legal tender, and a handful of other Latin American leaders have indicated that they would follow suit. This marks a sharp change in bitcoin's reputation on the global stage. Backed by a public ledger called “the blockchain”, holders of bitcoin enjoy a fast and secure way to make payments or receive funds. And El...
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