FEDERAL Reserve chair Jerome Powell announced Thursday that there are no plans to ban cryptocurrency in the US, and prices soared 10 per cent.

Meanwhile, in El Salvador, the country has made its first forays into Bitcoin mining using power generated by a volcano, according to a video released by state-owned geothermal electric company, LaGeo SA de CV.

The first Bitcoin mining rigs have been installed in an energy factory there, where weeks ago, President Nayib Bukele made the cryptocurrency legal tender.

Bitcoin was up to a price of $47,974.84 on Coinbase on Saturday morning, and the overall cryptocurrency market cap jumped back above the $2 trillion mark.

Plus, Bitcoin and Ethereum are going to be traded on Wall Street and Coinbase is now allowing deposits in its accounts from users.

S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index will measure the performance of digital assets linked to them on trading floors, according to Money Control.

Meanwhile, mayor of Miami is pushing the Florida city as a “cryptocurrency innovation hub,” and Bitcoin is up today on Coinbase.

Ever since CityCoins revealed “MiamiCoin” in August, “the protocol has sent about $7.1 million to Miami,” The Washington Post reported Thursday.

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