🎩 Tether invests in Uraguay Bitcoin Mining

🐦 Twitter | 📰 Past Editions

GM.

Welcome back to the wild world of Bitcoin, where we turn hodling into a hobby and make cryptic jokes that only bitcoin enthusiasts will appreciate!

In today's news:
♻ Tether invests in Uraguay Bitcoin mining and renewables
😱 European Central Bank CBDC Research
🤝 Saifedean joins forces with El Salvador

Was this email forwarded to you? Sign up here.

Tether Invests in Energy Production and Sustainable Bitcoin Mining in Uruguay

Tether, the world's leading stablecoin, is expanding into the energy sector by investing in energy production and sustainable Bitcoin mining operations in Uruguay.

The company aims to become a global tech leader and is demonstrating its commitment to energy innovation and the future of cryptocurrency through this initiative.

Tether plans to utilize renewable energy sources to support environmentally friendly Bitcoin mining, contributing to the security and integrity of the Bitcoin network while minimizing ecological impact.

Uruguay's renewable energy capabilities, with 94% electricity generation from renewable sources, make it an ideal location for Tether's sustainable mining operations.

📰 Read the Full Article Here

European Central Bank Releases CBDC Research

The Eurosystem developed a centralised settlement engine called N€XT for the back-end prototype of the digital euro.

This system is based on the unspent transaction output (UTXO) data model commonly used for digital currency transactions and proved to be fast and efficient in validating transactions while protecting user privacy.

Market participants successfully implemented and tested various payment scenarios, including offline payments that don't require network connectivity or third-party involvement.

However, questions remain about whether the existing technology can meet the Eurosystem's requirements for a secure offline solution in the short to medium term.

The prototypes developed during this exercise were used for research purposes and won't directly influence future payment solutions or specific design choices for the digital euro.

📰 Read the Full Article Here

Saifedean Joins El Salvador’s National Bitcoin Office as Economic Advisor

Dr. Saifedean Ammous, economist and author of "The Bitcoin Standard," has been appointed as an Economic Advisor to El Salvador's Bitcoin Office.

El Salvador made history by adopting bitcoin as legal tender in September 2021.

Ammous's expertise in Bitcoin and monetary economics will provide valuable guidance as the Bitcoin Office implements and integrates bitcoin into the country's economy.

His appointment reflects El Salvador's commitment to incorporating expert opinions and maximizing the benefits of embracing a decentralized digital currency.

📰 Read the Full Article Here

Badger Bits 📰

• Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners

• Texas Anti Bitcoin Mining Bill Failed To Become Law While Miners Got A New Tax Incentive

• Paxful Announces Appointment Of Interim CEO Roshan Dharia

• Biden's 30% Tax on Bitcoin Mining Appears Dead Under Debt Ceiling Deal.

Money Memes 🤏

Enjoy the Badger? Share it with a friend! 🧡

copy and paste this link to others https://moneybadger.beehiiv.com/subscribe

If this email forwarded to you, Sign up here