Bitcoin was created in 2009 by an anonymous person pseudonymously known as Satoshi Nakamoto, whose real identity remains a mystery to this day. Many have put forth guesses as to who Nakamoto may actually be, and the latest theory comes from Elon Musk, also theorized once as the famous inventor....
The President of El Salvador, Nayib Bukele, has announced the country's plans to build a “Bitcoin City.” Built near the Conchagua volcano in southeastern El Salvador, the city will use geothermal power to support crypto mining and include all the amenities expected from a standard metropolis. The city will not...
El Salvador has officially started mining Bitcoin using power generated from a volcano. President Nayib Bukele tweeted an image of the mining progress, and the “volcanode” has already made 0.00599179 bitcoin (about $269). He also shared a video showing the volcano-powered mining operation in action, with an industrial plant...
MiamiCoin has made the city of Miami $7.1 million since it was introduced in August of this year. The coin is the byproduct of the city’s cooperation with CityCoins, a non-profit and open-source protocol that allows people to mine, hold, and trade cryptocurrencies tied to a municipality. Powered...
In a shocking move, the People’s Bank of China (PBOC) declared all cryptocurrency-related activities illegal in the country. In a Q&A published on their website, the PBOC announced that all services offering crypto trading, order matching, or derivatives are prohibited. The announcement means that overseas cryptocurrency exchanges can...
Protests intensified in El Salvador following the passing of the Bitcoin Law. Discontent has been brewing in the nation since President Bukele first introduced the bill, but the number of protestors outside of the capital grew following the 10% drop in Bitcoin’s price immediately following the law’s enactment....
