💸In El Salvador, 474 #BTC have been mined using geothermal energy from volcanoes.
Since September 2021, El Salvador has mined 474 BTC (approximately $27.7 million) using geothermal energy from volcanoes, according to Vivek Sen, a trader and co-founder of Bitgrow Lab.
Cryptocurrency mining using alternative energy sources is a joint project between the government of El Salvador and several companies, including Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool.
El Salvador's total bitcoin reserves are valued at $333.3 million, according to Nayibtracker. The country has accumulated 5,846 BTC and continues to buy 1 BTC daily.
#MarketDownturn Dubai Court Recognizes Cryptocurrency for Salary Payments.
In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected due to the lack of clear valuation of the cryptocurrency involved. The case arose when an employee sued for unpaid wages, including 5,250 ecowatt tokens, which were not paid over six months. The 2024 ruling validated cryptocurrency as a legitimate form of remuneration, emphasizing the importance of honoring clear contractual agreements. The court relied on Article 912 of the UAE Civil Transactions Law and Federal Decree-Law No. (33) of 2021, highlighting a progressive interpretation that aligns with the evolving financial landscape. This decision sets a precedent for the broader acceptance of cryptocurrency in employment contracts in the UAE.$BTC $BTC $BTC #dubai
Toncoin (TON) is gaining attention in the crypto space, especially with its strong ties to Telegram, positioning it for widespread adoption. Built on The Open Network, TON offers unique features like lightning-fast transactions, scalability, and a robust decentralized ecosystem, making it a strong contender in the market.
Looking at the charts, TON is currently priced around $7 and could see growth towards $8 by the end of 2024. Predictions for 2025 are optimistic, with prices potentially reaching up to $13.51, driven by strategic upgrades like the TON Applications Chain and increased developer interest due to Ethereum compatibility. By 2030, some forecasts suggest it could surge as high as $82, assuming positive market trends and widespread adoption of its decentralized services.
If you're seeking a promising investment, Toncoin’s potential to thrive in the rapidly growing blockchain sector, combined with its innovative technology and strong backing from Telegram, makes it an exciting prospect【25†source】【26†source】【27†source】. $TON #BinanceLaunchpoolTON #HamsterKombat