1 August 2026
Bybit Plans To Recruit A Volcanologist Following El Salvador News
Just After El Salvador’s President Tweeted about using renewable resources to mine bitcoin, Bybit, unveils their plan of hiring a Volcanologist.
Today, a majority of countries are taking initiative to learn and adopt various digital assets and cryptocurrencies. The cryptocurrency-derivatives exchange, Bybit, unveils their plan of enlisting a volcanologist and R&D in their team to study how volcanic energy can be used to mine Bitcoin. As per the sources, Bybit posted this job position after retweeting the El Salvador President’s tweet. Nevertheless, it remains unclear if Bybit will be working with El Salvador on the research.
Earlier, El Salvador, the small Central American country, surprised the world by making Bitcoin a ‘legal tender,’ lately by taking to its official Twitter handle, the President disclosed their plans to explore renewable energy to power Bitcoin mining. Besides this, the President added that geothermal electric firm LaGeo would be developing the Bitcoin mining strategy.
Furthermore, he even disclosed that he would send a bill to the country’s congress to recognize Bitcoin as ‘legal tender.’ The laws regulating bitcoin as unrestricted ‘legal tender’ includes having liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out.
Nayib Bukele desires to acquire migrants in the United States using Bitcoin as a method of sending remittance payments. Thus, it is offering permanent residency to anyone who invests 3 BTC in the country. Withal, the crypto world has generously praised this move as it might influence other countries to legalize crypto as well.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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