El Salvador’s president Naybib Bukele introduced bitcoin with the promise it would boost the economy, help people without access to banking facilities and save money on remittances. Chivo has had “virtually no downloads” so far in 2022, according to a study by Fernando Alvarez, at the University of Chicago and his colleagues. New Chivo users […]
El Salvador’s move to become the first country in the world to make bitcoin legal tender on 9 June has been met with protests and bedevilled by fraud, market volatility and technical glitches. …Read the full story
Bitcoin and several other popular cryptocurrencies are created, or mined, using a concept called proof of work, which involves solving computationally difficult puzzles that consume a large amount of electricity. However, demand for one such currency, Chia, has become so high that some Asian countries, such as Vietnam, are reporting shortages of hard discs. He […]
Bitcoin and several other popular cryptocurrencies are created, or mined, using a concept called proof of work, which involves solving computationally difficult puzzles that consume a large amount of electricity. However, demand for one such currency, Chia, has become so high that some Asian countries, such as Vietnam, are reporting shortages of hard discs. He […]
Bitcoin and several other popular cryptocurrencies are created, or mined, using a concept called proof of work, which involves solving computationally difficult puzzles that consume a large amount of electricity. However, demand for one such currency, Chia, has become so high that some Asian countries, such as Vietnam, are reporting shortages of hard discs. He […]