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Spain s cryptofever running hot in rush for virtual fortunes Being among the early adopters of cryptocurrencies, Spaniards have turned their country into a hub of blockchain technology. Now, retail giant El Corte Ingles is getting in on the buzz with a coin called Bitcor. El Corte Ingles s Bitcor coin is intended to ensure closer customer affiliation, while opening the door to the cryptoworld Daniel Santos has long dreamt of striking it rich in the cryptoworld. The young Spaniard has made a name for himself as Mr. Santos via a YouTube channel of the same name which enjoys a following of 300,000 active watchers. ....
What is a cryptocurrency? One of the first companies to build a Bitcoin mine in Iceland was Genesis Mining in 2013. Its founders include Philip Salter, who is now chief technical officer of affiliate Genesis Digital Assets and can sum up the island nation s advantages in one line. There are no political or geopolitical risks, the infrastructure is very reliable and the electricity is sustainable and incredibly cheap, he told DW. Iceland is reaching its limits Meanwhile, however, the country s generation capacity is reaching its limits: There could be very little excess energy in 2021 and 2022, Landsvirkjun CEO Hordur Arnarson told Bloomberg recently. Therefore, the cost advantage of Iceland s electricity is on the line. ....
Bitcoin explained: How it works and what it is good for The most prominent of cryptocurrencies, Bitcoin has seen wild swings in value lately, making retail investors wonder if its worth wagering their money on it. DW abstains from any advice, but explains how Bitcoin works. The cryptic token Bitcoin is thought of as a digital currency because it exists only virtually, without any physical coins or notes. It resides in a decentralized, encrypted network that is independent of commercial or central banks. This allows Bitcoin to be exchanged under the same conditions all around the globe. It s also a cryptocurrency, because it uses encryption to conceal users identities and activities. ....