Salcido Enterprises CEO to speak at global conference

For immediate release: June 1, 2022

For more information, please contact:
Jennifer Korfiatis, communications@salcidoenterprises.tech

Salcido Enterprises CEO to speak at global conference

Wenatchee, Washington- Malachi Salcido, CEO of the Salcido Groups of Companies, is an invited presenter at the Leading Entrepreneurs of the World conference. The virtual event is scheduled for June 6-10, 2022.

Salcido’s topic, “Plain Speak: A Cryptocurrency Base Case and Trends Overview in Language You Can Actually Understand” is scheduled for June 10 from 8:30-9:00am PST, the closing day of the event, as part of the Deep Technology, Robotics, and Infrastructure track. Leading Entrepreneurs of the World is one of the most comprehensive entrepreneurial platforms and events in the world and features entrepreneurs, founders and business leaders presenting on cutting-edge topics and the latest industry developments. This annual event focuses on the power of entrepreneurship and leadership and features five days of virtual business presentations, digital interviews, discussions, and roundtables with the world's leading entrepreneurs and business leaders. The 2022 event is expected to draw 10,000 attendees.

“I’m honored to join such a prestigious line-up of presenters. As a strong advocate of entrepreneurship I’m grateful for the opportunity to share the positive economic impact that cryptocurrency can have on businesses,” explained Salcido.

Those interested in attending can learn more and register at: https://1businessworld.com/leading-entrepreneurs-of-the-world/leading-entrepreneurs-of-the-world-conference/

The Salcido Group of Companies includes the Salcido Connection, a 20-year company with expertise to design, install, and maintain building systems, and Salcido Enterprises, LLC which brings expertise in large-scale high-tech site development, mechanical/electrical engineering and manufacturing, facilities management, and cryptocurrency to high-power data centers across the Pacific Northwest. Learn more at https://thesalcidogroup.com/

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Salcido Enterprises had some visitors – check

“As the Bitcoin industry grows, CNN’s Nick Watt visits a Washington state county where a quarter of all electricity generated is powering Bitcoin mining.”

— CNN Business

Bitcoin-to-cash, across an ocean, into Ukraine, in less than 3 minutes

Mackenzie Sigalos writes of her experience sending BTC to a contact in Ukraine, who then converted it to cash, for CNBC. International transfers of cash, powered by bitcoin’s Lightning Network on apps which have implemented the BOLT specification. Once transferred, the BTC value can be cashed out at a bitcoin ATM.

Read the full article / watch the video here.

Bitcoin Price Surges on Biden’s Crypto Executive Order

Bitcoin value rose nearly 9% following Biden’s Executive Order, The Wall Street Journal reports.

The order directs agencies to research and assess crypto, and to consider new regulations. While BTC’s value rose, reactions were mixed. Some saw the order as governmental embrace of the industry. Some were hoping for more specific direction that would encourage broader adoption and investment.

For more on the development, read the full article:

What might bitcoin mining look like in 2022?

“CoinDesk’s first ever year-end survey of crypto miners reveals a competitive but mature business with potential for merger activity to accelerate.”

With chip shortages, China’s crackdowns, consolidation, increasing hashrates, immersion cooling, and more … there are a lot of variables at play with the potential to significantly impact the industry.

CoinDesk dives in to explore these factors and how they could shape the field in the year to come.

El Salvador moves to make bitcoin legal tender

El Salvador is making steps to set up bitcoin as legal tender, announced President Nayib Bukele. With numerous potential benefits for its citizens, including ease of money transfer, eliminating exchange fees, and more, the impact on the small country could be significant, leading to a higher economic output for the country.

But what would the impact of one small country’s decision be on the global economy? As the ramifications of taxation, international currency, investment opportunities and more compound, it becomes apparent the overall results could be huge for the rest of the world.

Avik Roy of Forbes reports with more detail.

Investor claims bitcoin "is at the start of going mainstream"

Investor Bill Miller writes about bitcoin for CNBC in regards to its recent gains, volatility and performance. Fundamentally, demand is exceeding supply. With larger organizations choosing to invest heavily in it, its value soars. Comparing it to gold, Miller says, “it’s easily transportable and can be sent anywhere in the world if you have a smart phone so it’s a much better version, as a store of value, than gold.”

Bitcoin prices soar; Central Washington utilities prepare

As bitcoin value topped $41,000 Friday,¹ public utility districts in Central Washington make plans for increased power inquiries, The Seattle Times reports. Depending on the equipment, a single server can pull 1,800 watts; it can take nearly 7,000 servers to mine one bitcoin in a day – meaning each bitcoin mined can use over 300,000kwh (roughly 3,000X the energy the average US household uses per month). Clearly using that much power gets expensive – and with power costs in Central Washington roughly 1/6 the national average, Central Washington is an attractive area to set up a mine. But using that much power can upset the balance of a utility’s power supply, and tax the infrastructure. So engaging in business at this scale must be approached carefully. This Seattle Times article covers more of the details.

Cryptocurrency mining to help boost a growth

In Cashmere, WA, a bitcoin mine will help boost productivity and decrease costs for sustainable farming. The massive power consumption in bitcoin mining produces significant heat. This heat will be directed to a neighboring startup mealworm farm, which need a warm, humid environment for healthy growth. This mealworm farm, Beta Hatch, will then provide worms for nearby agricultural use.

“The mealworms are dried and sold as a sustainable food source for poultry, fish and other livestock.”

— Reilly Kneedler, The Wenatchee World

For the full story, check out The Wenatchee World’s full article here.

Federal Reserve and MIT to partner on hypothetical digital currency

In a major step forward, The Federal Reserve is actively investigating digital currencies, their function, and impacts around the world. Federal Reserve Governor Lael Brainard said the central bank is partnering with Massachusetts Institute of Technology researchers to build and test a digital currency. For more on this development, read the full article here.