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🌋🔥El Salvador Government Has Been Mining 15 Bitcoins (BTC) Per Month Using Volcano Energy Since 2021 According to current official records, the Bitcoin bull country of #ElSalvador has extracted 474 Bitcoins from the country's pollution-free Bitcoin mining firm. El Salvador is a popular country in the world due to the high propensity for Bitcoin. in early 2021, this country showed its Bitcoin bull intent and finally introduced Bitcoin as a legal currency in September 2021 under the leadership of the country's president Nayib Bukele. As we know, in 2021, the government of El Salvador decided to use the country's abundant free volcano energy in Bitcoin mining operations in order to produce new Bitcoins for the country's treasury fund. The report stated that the country has so far produced 474 #BTC worth about $29.6 million at current prices using the geothermal power plant fed by the Tecapa volcano in the east central region of the country. The Tecapa Volcano in the country can produce a relatively small amount of energy, but this energy is enough for 300 Bitcoin mining processors. The country uses 1.5 megawatts (MW) of the 102 MW generated by the volcano power plant for Bitcoin mining. Alternatively, we can say that 0.75% of the electricity plant is used for Bitcoin mining to power the Bitcoin blockchain network and provide Bitcoin revenue to the country. Since 2021, the country has purchased 5,750 Bitcoins, which, in addition to mining 474 Bitcoins, is worth about $ 354 million at the current commercial price of Bitcoin. Also, the government of El Salvador recently supported the Bitcoin Office and shared that various crypto mining groups such as Foundry USA, Antpool, ViaBTC, F2Pool and Binance Pool are working together to earn Bitcoin rewards by participating in Bitcoin mining operations using a geothermal power plant. in the last three years. El Salvador Bitcoin Website A week ago, we reported that El Salvador had opened its official bitcoin-focused website to provide full real-time information about the country's Bitcoin assets. #binance

🌋🔥El Salvador Government Has Been Mining 15 Bitcoins (BTC) Per Month Using Volcano Energy Since 2021

According to current official records, the Bitcoin bull country of #ElSalvador has extracted 474 Bitcoins from the country's pollution-free Bitcoin mining firm.

El Salvador is a popular country in the world due to the high propensity for Bitcoin. in early 2021, this country showed its Bitcoin bull intent and finally introduced Bitcoin as a legal currency in September 2021 under the leadership of the country's president Nayib Bukele.

As we know, in 2021, the government of El Salvador decided to use the country's abundant free volcano energy in Bitcoin mining operations in order to produce new Bitcoins for the country's treasury fund.

The report stated that the country has so far produced 474 #BTC worth about $29.6 million at current prices using the geothermal power plant fed by the Tecapa volcano in the east central region of the country.

The Tecapa Volcano in the country can produce a relatively small amount of energy, but this energy is enough for 300 Bitcoin mining processors.

The country uses 1.5 megawatts (MW) of the 102 MW generated by the volcano power plant for Bitcoin mining. Alternatively, we can say that 0.75% of the electricity plant is used for Bitcoin mining to power the Bitcoin blockchain network and provide Bitcoin revenue to the country.

Since 2021, the country has purchased 5,750 Bitcoins, which, in addition to mining 474 Bitcoins, is worth about $ 354 million at the current commercial price of Bitcoin.

Also, the government of El Salvador recently supported the Bitcoin Office and shared that various crypto mining groups such as Foundry USA, Antpool, ViaBTC, F2Pool and Binance Pool are working together to earn Bitcoin rewards by participating in Bitcoin mining operations using a geothermal power plant. in the last three years.

El Salvador Bitcoin Website

A week ago, we reported that El Salvador had opened its official bitcoin-focused website to provide full real-time information about the country's Bitcoin assets.

#binance

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😱🚀🚀$10 million Whale account on Binance choose 4 Altcoins The approval of Ether spot ETFs by the SEC has enabled the cryptocurrency industry to turn to Ethereum ecosystem tokens as well. While a whale made a loaded purchase of $ 10 million from Binance this morning, it seems that the investor prefers the altcoins that have attracted interest of the recent period. While the first half of 2024 was recorded as a historic period for cryptocurrencies, first with the approval of Bitcoin spot ETFs and then Ether spot ETFs by the SEC, recent developments have increased investors' interest in Ethereum ecosystem tokens. Especially after the Ether ETF approval, cryptocurrency investors are investing in the decentralized finance area of the Ethereum ecosystem. A whale account, on the other hand, made purchases from the Binance exchange with an amount as high as $ 10 million during these sbaa hours. According to the information provided by Lookonchain, the whale received ETH, $LDO , $PENDLE and $SHIB . It did not escape attention that all these tokens belong to the Ethereum ecosystem, and #PENDLE and LDO are also DeFi domain tokens. The purchases made by the whale are as follows; 500 pieces of ETH for $1.9 million 5.6 million pieces of #LDO worth $2.43 million 58 billion pieces of #SHIB for $ 1.62 million 637 thousand units of PENDLE for $ 103 thousand Recently, some big whale accounts have also made multi-million dollar purchases and bought well-known and large tokens of the Ethereum ecosystem such as AAVE, UNI, LDO, ENS, LINK. #binance #SHIB
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😱🫨Biden administration contacted the crypto industry: Big change in 2 weeks The Biden administration, which does not want to lose the presidential race to Trump, also seems to understand the value of cryptocurrencies. It has been noted that teams affiliated with #JoeBiden have held meetings with important players of the crypto industry in recent days. “There is a big change” According to the news from The #US media that The Block keeps its sources confidential; The Biden administration has completely changed its perspective on cryptocurrencies in the last two weeks and has held meetings with major players of the industry in this sense. Sources have stated that there has been a big change in the Biden administration's attitude to crypto, and negotiations are still ongoing. "Crypto-related problem may cost the presidency” It was stated that Biden and his team understand better the importance of restoring the trust of this world considering that some of the problems related to cryptocurrencies may bring loss of votes in the election, and considering that the race to be entered with Trump will go to the “extreme end”. After the SAB 121 veto… In fact, the Biden government has been taking a negative attitude towards cryptocurrencies recently. In fact, even though a bill that disabled the SEC's rules called SAB 121 had passed through Congress, Biden had hit his wall again. Biden had indicated he would veto the bill. However, this step faced intense backlash from the crypto industry, and the White House had to announce that it would not veto another bill called FIT21. Trump's positive statements on cryptocurrencies have also activated the Biden administration, which thinks that the election race will be a benchmark. The news from the US, especially in the last 2 weeks, is that the Biden administration has held positive talks with the industry's players and has also received their ideas for the laws that will be passed on cryptocurrencies… #BTC #binance
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🚨🚨🚨Breaking News: The US presidential delegation will attend the inauguration ceremony of El Salvador President Nayib Bukele this Saturday! Is Joe Biden rethinking his anti-#Bitcoin stance? 👀 #BTC #NayibBukele #binance
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😱🚀🚀Dogwifhat and Floki May Be Preparing to Aim for a 10X Return Dog-themed cryptocurrencies like Dogwifhat ($WIF ), #Floki ($FLOKI ) are gaining significant attention. These meme coins have demonstrated strong growth potential, with many targeting impressive 10X returns. These cryptocurrencies have experienced surges in popularity and value, making them noteworthy investments. 1. Dogwifhat (#WIF ) Dogwifhat (WIF), a cryptocurrency on the Solana blockchain, has seen a remarkable surge in its market value. Since its launch, WIF has skyrocketed by 2,162%, establishing it as one of Solana’s most successful altcoins this year. This meteoric rise has allowed investors to significantly multiply their investments, with the potential for 10X returns. WIF’s bullish trend has also sparked interest in other meme cryptocurrencies such as PEPE, BONK, FLOKI, DOGE, and SHIB. Despite broader market corrections, these coins have benefited from WIF’s positive momentum. WIF is trading at $3.83, with a 24-hour increase of more than 3%. It holds the 28th position on CoinMarketCap, with a market cap of $3.7 billion. 2. Floki (FLOKI) Floki (FLOKI), initially a meme coin, has made significant progress in Web3. By incorporating aspects of the Metaverse, decentralized finance (DeFi), and non-fungible tokens (NFTs), it has earned the nickname “The People’s Crypto.” Floki’s meme appeal and real-world utility set it apart in cryptocurrency. Recent major listings and exchange integrations have sparked optimism within the FLOKI community, suggesting a potential continued rise. Currently, Floki is priced at $0.0002777, showing a 5% decrease in the last 24 hours. Despite this drop, it saw a 23% increase over the past week. Over the past year, the Floki price surged by 720%, with a monthly increase of 65%, making it a prominent dog-themed cryptocurrency targeting 10X returns. #memecoins #binance
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🔥💥Is Dogecoin (DOGE) Price Preparing for a Massive Move: Will a 20% Rise be Materliased With the Next Move? While the broader market sentiments are stuck within the bullish and bearish pressures, the majority of the tokens are failing to sustain above the gains. Among them is the popular memecoin #Dogecoin , which is preparing for a major move. The $DOGE price is trading within a minor range with fewer price variations due to a restrictive influx of buying volume. In such a case, can the #DOGE price trigger a 20% upswing to mark a rise above the bearish influence? Gone are the days when the DOGE price rally was the main focus of the crypto markets, which had overweighted other cryptos, including Bitcoin. After the infamous bearish attack initiated by the DOGE price plunge in 2021, the memecoin has lost most of its traction. Further, the emergence of the primitive memecoins has plucked attention towards them and away from the very first one. Now that the token is closely following the other tokens, similar to the other altcoins, a steep rise appears to be a tedious but possible expedition. As suggested in the above figure, the DOGE price is trading within an ascending range but within a rising wedge. This pattern usually results in a minor pullback, demonstrating a minor loss of bullish strength. The DMI flipped to a neutral phase and the Ichimoku cloud displayed some possibility of a reversal but to undergo a bullish crossover, more squeeze is expected. However, the ongoing phase shows more pressure being piled up over the token, which could result in a breakout, probably towards the north. In such a case, the Dogecoin price might rise by 8% to 10% initially and reach one of the important resistance levels at $0.18. If the bulls display their strength at this point, a rise above $0.2 may occur, which may further push the prices beyond the current yearly highs. This trading setup displays a minor possibility of a retracement but if the bears manifest their strength, a plunge below $0.15 may be imminent.
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