El Salvador Kicks Off Volcano-Powered Bitcoin Mining – October 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $47,339

Bitcoin price has rocketed back above $47,000 once again, in a rapid short-squeeze from recent lows.

Top-20 altcoins are looking great, as Ethereum rises 9%, Cardano gains 7% and Solana leads with a 12% increase.

Top Stories for October 1, 2021 πŸ”₯

πŸ‘‰ El Salvador Kicks Off Volcano-Powered Bitcoin Mining

El Salvador president Nayib Bukele has provided an update on the country’s mining strategy, which uses geothermal power from volcanoes for mining Bitcoin.

The update paraded the first $500 worth of BTC mined by the volcano-powered hardware – a figure expected to increase dramatically as the strategy comes to fruition.

πŸ‘‰ Visa Produces Protocol Concept For CBDC Interoperability

Payments giant Visa has developed a protocol concept which is designed to provide interoperability for central bank digital currency (CBDC) payments.

The concept – called Universal Payments Channel – involved a sample smart contract which was deployed on Ethereum’s “Ropsten” testnet.

πŸ‘‰ TikTok Announces NFT Program On Immutable X

Social media platform TikTok has announced that it will be launching an NFT program on Ethereum’s Immutable X, enabling creators to be rewarded for content.

“TikTok Top Moments” will feature videos from the platform’s top content creators, with all sales going directly to the creators and artists.