El Salvador has taken a major step forward in its ambition to use renewable energy sources for cryptocurrency mining by launching its first local Bitcoin mining pool, “Lava Pool”. Spearheaded by Volcano Energy in conjunction with Luxor Technologies, the project will make use of Luxor’s Hashrate Forward Marketplace to automate risk management techniques. The project […]
El Salvador is launching Lava Pool, the nation’s first Bitcoin mining pool powered by renewable geothermal energy. The venture is a collaboration between energy company Volcano Energy and tech corporation Luxor Technology. The pool will be maintained by Volcano Energy, with 23% of its net income going to the Salvadoran government. Luxor’s Hashrate Forward Marketplace […]
The Brazilian government is calling for a redistribution of IMF funding quotas to better represent the interests of developing countries. Brazil is pushing for this change during the upcoming IMF meeting, citing the launch of financial institutions like the New Development Bank by the BRICS Group as evidence of the need for economic independence. Brazil […]
El Salvador is pioneering a novel approach to Bitcoin mining with the launch of “Lavapool”, a mining pool powered by renewable energy. The ambitious project, spearheaded by Volcano Energy, seeks to establish a nationwide mining industry by leveraging the country’s abundant geothermal potential.Volcano Energy is constructing a 241-Megawatt renewable energy park in Metapán, as well […]
El Salvador has officially launched its first local Bitcoin mining pool, the Volcano Energy project, in partnership with Luxor Technology. The $1 billion renewable energy project, which has attracted investments from Tether, will generate electricity from renewable sources in El Salvador to power Bitcoin mining operations. Volcano Energy is tapping into Luxor’s experience in providing […]
BTG Pactual, a major Brazilian investment bank, has signed an agreement to acquire 100% of Orama DTVM’s shares for 500 million Brazilian reais ($98.7 million). This acquisition is part of BTG Pactual’s digital expansion strategy and will provide Orama customers with access to the complete BTG platform. Founded in 2011, Orama has nearly 18 billion […]
Cuba is the focus of the latest Cointelegraph documentary, “The Truth Behind Cuba’s Bitcoin Revolution”, which explores the impact of Bitcoin in one of the world’s last Communist states. Journalist and Bitcoin enthusiast Joe Hall and Paco de la India, a regular Cointelegraph contributor, traveled to Cuba to witness and capture the “Bitcoin Revolution” that […]
El Salvador has taken a bold step in its adoption of Bitcoin, making it a legal form of currency in the country. President Nayib Bukele had high hopes for the cryptocurrency, believing it could offer more accessible banking solutions and streamline the flow of remittances. Despite some skepticism from international organizations, Bukele has remained committed […]
Canaan, a Nasdaq-listed Bitcoin mining firm, reported a total revenue of $73.9 million in Q2 2023, a quarter-on-quarter climb from $55.2 million. This figure was comprised of $57.9 million in product revenue and $15.9 million in revenue generated from Bitcoin mining operations. The growth in revenue was attributed to the company’s expansion into new mining […]
Ivan Bianco, a popular Brazilian crypto streamer known as Fraternidade Crypto, recently experienced a devastating loss of over $60,000 during a live-stream session. He inadvertently disclosed his private keys to the public, causing ripples of astonishment within the digital currency community. In a frantic bid to salvage his cryptocurrency holdings, he swiftly ended the stream […]
