{"id":116199,"date":"2021-06-10T10:13:30","date_gmt":"2021-06-10T10:13:30","guid":{"rendered":"https:\/\/fin2me.com\/?p=116199"},"modified":"2021-06-10T10:13:30","modified_gmt":"2021-06-10T10:13:30","slug":"bitcoin-miner-ceo-industry-is-moving-toward-carbon-neutral","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/bitcoin-miner-ceo-industry-is-moving-toward-carbon-neutral\/","title":{"rendered":"Bitcoin miner CEO: Industry is moving toward carbon neutral"},"content":{"rendered":"<p><cite>Hong Kong (CNN Business)<\/cite>Bitcoin&#8217;s value shot up after El Salvador became the world&#8217;s first country to accept it as legal tender.<\/p>\n<p>As of 3:30 a.m. ET on Thursday, the virtual currency was trading at $36,849 per coin, jumping about 7.9% over the last 24 hours, according to CoinDesk.<br \/>\nSalvadorian lawmakers made history on Wednesday by approving a proposal from President Nayib Bukele that would allow <span>bitcoin<\/span> <span>(<span>XBT<\/span>)<\/span> to be used as a form of legal tender in the country, alongside the US dollar.<\/p>\n<ul><\/ul>\n<p>The law states that &#8220;all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service.&#8221; It also says that tax payments can now be made in bitcoin.<\/p>\n<ul><\/ul>\n<p>The move delivers another win for cryptocurrency bulls as digital coins become more widely accepted around the world. <\/p>\n<p><noscript><img decoding=\"async\" alt=\"El Salvador is the first country to adopt bitcoin as legal tender \" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/210609064857-restricted-nayib-bukele-may-25-2021-large-169.jpg\"><\/noscript><br \/>\nPrior to the vote in El Salvador, Bukele had said in a tweet that using bitcoin as legal tender would promote financial inclusion, tourism, innovation and economic development.<br \/>\nEl Salvador is the smallest country in Central America, and while it was quick to contain the coronavirus pandemic, its economy was hit hard last year, according to the World Bank.<br \/>\nCryptocurrencies don&#8217;t require a bank account; they&#8217;re held in digital wallets. That could help people in poorer communities \u2014 such as many in El Salvador but also in minority communities in the United States \u2014 gain increased access to their finances.<br \/>\nBitcoin has been on a roller coaster ride lately. It crashed by almost 40% over the last month after rocketing to a record high of above $60,000 earlier this year.<br \/>\nOne of the major triggers for the recent unpredictability has been Elon Musk. The <span>Tesla<\/span> <span>(<span>TSLA<\/span>)<\/span> CEO frequently causes a stir among investors with his views on cryptocurrencies.<br \/>\n<img decoding=\"async\" alt=\"Crypto investors to Elon Musk: Please stop tweeting!\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/210521145603-10-elon-musk-0309-restricted-large-169.jpg\"><br \/>\nLast month, for example, bitcoin fell after Musk appeared to suggest that his automaker may have dumped its holdings of the virtual currency. He later clarified that Tesla had not sold any bitcoin, helping its price rebound within minutes. <\/p>\n<ul><\/ul>\n<p>China has also shaken the market by signaling further plans to curb the industry. In May, Vice Premier Liu He told finance officials that the government would &#8220;clamp down on bitcoin mining and trading activity,&#8221; rattling investors.<br \/>\n<em>\u2014 Charles Riley, Mitchell McCluskey and David Goldman contributed to this report.<\/em><br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2021\/06\/10\/investing\/bitcoin-price-el-salvador-intl-hnk\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong (CNN Business)Bitcoin&#8217;s value shot up after El Salvador became the world&#8217;s first country to accept it as legal tender. As of 3:30 a.m. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":116198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin miner CEO: Industry is moving toward carbon neutral - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/bitcoin-miner-ceo-industry-is-moving-toward-carbon-neutral\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin miner CEO: Industry is moving toward carbon neutral - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Hong Kong (CNN Business)Bitcoin&#8217;s value shot up after El Salvador became the world&#8217;s first country to accept it as legal tender. 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