Tag: Bitcoin

El Salvador Will Use Volcanic Energy To Mine Bitcoin : NPR

A sign at a store in El Zonte, El Salvador, advertises that it accepts bitcoins for payment.

Stanley Estrada/AFP via Getty Images


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Stanley Estrada/AFP via Getty Images


A sign at a store in El Zonte, El Salvador, advertises that it accepts bitcoins for payment.

Stanley Estrada/AFP via Getty Images

The president of El Salvador announced Wednesday that the country’s state-run geothermal energy utility would begin using power derived from volcanoes for Bitcoin mining.

The announcement on social media came just hours after the Central American nation’s congress voted to make the cryptocurrency an acceptable legal tender.

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quantum computers hacking bitcoin wallets

Intel’s 17-qubit quantum test chip.

Source: Intel

Stefan Thomas really could have used a quantum computer this year.

The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7,002 bitcoin, now worth $265 million. Quantum computers, which will be several million times faster than traditional computers, could have easily helped him crack the code.

Though quantum computing is still very much in its infancy, governments and private-sector companies such as Microsoft and Google are working to make it a reality. Within a decade, quantum computers could be powerful enough to break the cryptographic security

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Bitcoin Is ‘Digital Gold’ Because People Say It Is

In early March, the mobile software firm Meitu made headlines as the first public company to put ether (ETH) on its balance sheet along with bitcoin (BTC). Today, it announced another allocation to those two cryptocurrencies.

In its initial announcement, the firm said blockchain could disrupt finance and technology, like “mobile internet has disrupted the PC internet.” It holds a particularly high opinion of Ethereum and could imagine investing in projects or protocols, or even developing Ethereum-based applications. But it’s Meitu’s reasons for investing in bitcoin that actually bear examination.

One of several publicly traded companies to put bitcoin

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Bitcoin Could Eventually Hit $100K: Expert Explains the Boom in Crypto

Bitcoin has seen over the past year both its value and popularity explode. Hitting over $51,000 at the time of publication of this story, the cryptocurrency was once viewed as mysterious by many a decade ago. It’s now seen as largely mainstream: Major financial names like PayPal (PYPL) – Get Report and Visa (V) – Get Report today offer crypto services and increasingly more online retailers are accepting the digital currency. Even tech giant Nvidia  (NVDA) – Get Report has created a new chip made just for cryptocurrency mining. (Cryptocurrencies, which lack a

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