Cryptocurrency

El Salvador to Build First ‘Bitcoin City’ at Base of Volcano

El Salvador’s government plans to build a “Bitcoin City” at the base of Conchagua Volcano in the country’s southeast in 2022, El Salvador’s La Prensa Gráfica newspaper reported Saturday, noting the city will be designed to harness the volcano’s geothermal energy to mine cryptocurrency.

Bitcoin.

El Salvador: Opposition Protests Bitcoin Becoming Legal Tender

Thousands of people opposed to the populist government of El Salvador President Nayib Bukele staged demonstrations in the country’s capital city, San Salvador, on Sunday in which they denounced his recent legalization of Bitcoin as a national currency, the Associated Press (AP) reported Monday.

A Chivo Wallet Bitcoin ATM burns during a protest against President Nayib Bukele's policies on Independence Day in San Salvador, on September 15, 2021. - Thousands of Salvadorans demonstrated on Wednesday to demand that President Nayib Bukele respect the separation of powers and reject the introduction of bitcoin as legal …

Coinbase CEO Brian Armstrong Accuses SEC of ‘Sketchy Behavior’

The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has accused the Securities and Exchange Commission (SEC) of unfairly targeting his platform and selective rule enforcement. Armstrong posted to social media: “They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. If you don’t want this activity, then simply publish your position, in writing, and enforce it evenly across the industry.”

Coinbase CEO Brian Armstrong

Facebook Bemoans ‘Trust Deficit’ as It Prepares to Launch Digital Wallet

Tech giant Facebook has recently complained of a “trust deficit” between the social media giant and its userbase as it attempts to launch a new digital wallet. The Masters of the Universe believe they will need to “compensate” for this lack of trust to convince consumers to let Mark Zuckerberg take over their finances.

Facebook's Mark Zuckerberg askew on a TV

Hacker Who Stole $600 Million in Cryptocurrency Did It ‘for Fun’

The hacker behind the recent theft of almost $600 million in cryptocurrency from the decentralized finance platform Poly Network started that they hacked the platform “for fun.” The hacker has returned a considerable portion of the stolen crypto and the remaining balance of stolen Ethereum is being transferred back to Poly Network according to their Twitter account.

Participant hold their laptops in front of an illuminated wall at the annual Chaos Computer Club (CCC) computer hackers' congress, called 29C3, on December 28, 2012 in Hamburg, Germany. The 29th Chaos Communication Congress (29C3) attracts hundreds of participants worldwide annually to engage in workshops and lectures discussing the role …