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Bybit Seeks Volcanologist Following El Salvador Volcano Bitcoin Mining Project
MediaCrypto exchange Bybit has announced it is hiring a volcanologist to study how volcanic energy can be used to mine Bitcoin.  Bybit made the announcement shortly after El Salvador’s President, Nayib Bukele, on Wednesday said he wanted to explore using renewable energy from the country’s volcanoes to mine Bitcoin.  El Salvador’s President sent shockwaves through the crypto world when he declared last weekend that he wanted to make Bitcoin legal tender in the small Central American country. Now the President is supposedly exploring all options to mine Bitcoin.  Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos 🌋Starting to design a full #Bitcoin mining hub around it.What you see coming out of the well is pure water vapor 🇸🇻 pic.twitter.com/SVph4BEW1L — Nayib Bukele 🇸🇻 (@nayibbukele) June 9, 2021 Bybit, one of the biggest crypto derivatives exchanges, said it would hire a geologist to “research the processes of volcanic eruptions” and “study how volcanic energy can be harnessed for Bitcoin mining.” We are seeking a Volcanologist and R&D in Igneous Processes to join our team 🌋🌋🌋 #BTC https://t.co/v7T6AvUQdD pic.twitter.com/KchNUy2cBf — Bybit (@Bybit_Official) June 10, 2021 The firm’s job application was posted on Twitter Thursday and retweeted President Bukele’s volcano announcement. It isn’t clear whether Bybit will be working closely with El Salvador on the research.  President Bukele has said that the country’s “engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” The President added that geothermal electric firm LaGeo will be developing the Bitcoin mining strategy.  El Salvador’s President said last Saturday in a pre-recorded video at the Bitcoin 2021 conference in Miami that he would send a bill to the country's congress to recognize Bitcoin as legal tender.  El Salvador’s Legislative Assembly passed a bill just days later.  The idea has been criticized by banks, economics and even the IMF—but the crypto world has largely praised the move.  El Salvador, the smallest country in Central America, is one of the most equal countries in Latin America.  Many Salvadorenos flee the country north to the US in search of better economic opportunities and to escape the high levels of gang violence in the country.  Those living in the US often send remittance payments back home. Last year, El Salvador received $6 billion in remittances from Salvadorans living abroad last year—about 16% of the country’s gross domestic product. Part of Bukele’s plan is to get migrants in the US using Bitcoin as a method of sending remittance payments, which he says will cut costs.  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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June 13, 2021 at 05:26AM

FOREX TRADING FORTUNES
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Forex trading, short for foreign exchange trading, involves the buying and selling of currencies in the foreign exchange market with the aim of making a profit. While it is true that some traders have experienced financial success in forex trading, it's important to approach it with caution and a realistic mindset. Here are some key points to consider:Education and Knowledge:Before diving into forex trading, it's crucial to educate yourself about the basics of the market, understanding currency pairs, reading charts, and analyzing market trends. Continuous learning is essential to stay updated on market conditions.Risk Management:Forex trading involves a high level of risk. It's crucial to implement effective risk management strategies to protect your capital. This includes setting stop-loss orders, not risking more than a certain percentage of your capital on a single trade, and diversifying your trading portfolio.Discipline and Emotional Control:Emotional control is vital in forex trading. Successful traders are disciplined and stick to their trading plans. Emotional decision-making, such as trading based on fear or greed, can lead to significant losses.Market Analysis:Traders use various analysis methods, including fundamental analysis (examining economic indicators, news, and geopolitical events) and technical analysis (studying charts and patterns). A combination of both approaches can provide a more comprehensive understanding of the market.Leverage:Leverage allows traders to control a large position with a relatively small amount of capital. While it can amplify profits, it also increases the risk of significant losses. It's crucial to use leverage cautiously and be aware of its potential impact on your trading account.Continuous Monitoring:The forex market operates 24 hours a day, five days a week. Successful traders often monitor the market regularly, staying informed about global events that may impact currency values.Broker Selection:Choose a reputable and regulated forex broker. Research and read reviews to ensure the broker has a good reputation and offers the trading features you need.Start Small and Scale Up:Begin with a small investment and gradually scale up as you gain experience and confidence. This approach helps you learn without risking significant amounts of money early on.Legal and Tax Considerations:Understand the legal and tax implications of forex trading in your country. Some countries have specific regulations regarding forex trading, and it's important to comply with them.Remember that forex trading is not a guaranteed way to make fortunes, and there are inherent risks involved. It's advisable to start with a demo account to practice your strategies and gain experience before risking real capital. Additionally, seeking advice from experienced traders and financial professionals can be beneficial in building a successful trading career.


 FOREX TRADING FORTUNES PDF  
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January 15, 2024 at 12:34PM

Blocking Binance P2P Not The Answer To FX Issues- Crypto Community - YouTube
Blocking Binance P2P Not The Answer To FX Issues- Crypto Community. 700 ... Did CBN really shut down all crypto websites? Techpoint Africa New 121 ...

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