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El Salvador Mines Bitcoin Using Volcanic Energy

El Salvador has announced plans to mine the cryptocurrency using geothermal energy generated from volcanic activity. This innovative approach not only highlights El Salvador’s unique geographical advantage but also marks a significant step forward in harnessing renewable energy sources for cryptocurrency mining.

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El Salvador has announced plans to mine the cryptocurrency using geothermal energy generated from volcanic activity. This innovative approach not only highlights El Salvador’s unique geographical advantage but also marks a significant step forward in harnessing renewable energy sources for cryptocurrency mining.

The announcement comes shortly after El Salvador became the first country in the world to adopt Bitcoin as legal tender, a move that garnered widespread attention and sparked debates about the future of digital currencies. By leveraging its abundant geothermal resources, El Salvador aims to capitalize on clean and sustainable energy sources to power its Bitcoin mining operations.

Geothermal energy, derived from the heat generated within the Earth’s crust, offers a renewable and environmentally friendly alternative to traditional energy sources like fossil fuels. By tapping into the volcanic energy that permeates its landscape, El Salvador can reduce its carbon footprint and mitigate the environmental impact of cryptocurrency mining.

The decision to mine Bitcoin using volcanic energy reflects El Salvador’s forward-thinking approach to technology and sustainability. By embracing innovative solutions like geothermal-powered mining, the country not only promotes economic development but also demonstrates its commitment to combating climate change and promoting green energy initiatives.

The use of volcanic energy for Bitcoin mining also highlights the potential for renewable energy sources to drive innovation and growth in the cryptocurrency industry. As concerns about the environmental impact of mining continue to grow, initiatives like El Salvador’s could pave the way for a more sustainable and eco-friendly approach to cryptocurrency production.

El Salvador’s embrace of Bitcoin mining powered by volcanic energy is likely to attract attention from both cryptocurrency enthusiasts and environmental advocates alike. It represents a bold experiment that could set a precedent for other countries seeking to harness renewable energy sources for cryptocurrency mining and promote sustainable development in the digital age.

As El Salvador moves forward with its plans to mine Bitcoin using volcanic energy, stakeholders will be closely watching to see how the initiative unfolds and whether it delivers on its promise of economic prosperity and environmental sustainability. In the meantime, the country’s pioneering efforts serve as a reminder of the transformative potential of cryptocurrencies and renewable energy technologies in shaping the future of finance and energy.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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