Bitcoin News Recap

Last week of May — first week of June

Panama’s Towerbank just declared itself Bitcoin-friendly

Towerbank, a top 30 banking institution in Panama, just declared itself bitcoin-friendly in an announcement on Twitter from Cristobal Pereira, the executive director of the Latam Blockchain Summit, the meetup where Towerbank made the announcement.

Sultanate of Oman backs Bitcoin mining firm to cut gas flaring

Crusoe Energy, a U.S. firm that specializes in using excess natural gas for bitcoin mining, will begin deploying generators and mining equipment to capture flared gas in Muscat, Oman as the Middle East looks to cut its emissions.

Robert Whaley, creator of Cboe Volatility Index, backs BTC spot ETF proposal

Robert Whaley, the man who created Wall Street’s favorite fear gauge, is throwing his support behind Grayscale Investments LLC’s bid to turn the world’s biggest Bitcoin fund into an exchange-traded product.

Kenya’s largest power provider to offer geothermal energy to Bitcoin miners

KenGen (Kenya Electricity Generating Company PLC), the leading supplier of electricity in Kenya, wants to provide excess geothermal power to bitcoin mining companies.

Kenya is the top producer of geothermal energy in Africa delivering over 14,000 megawatts (MW) of power with the equipment capacity of only 863 MW. Along the Rift Valley circuit alone, an estimated 10,000 MW of geothermal energy lies largely dormant.

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