1 / 1 Relevant items tagged with #Ethiopia

Posts

BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin

[Dec 5 5:16 AM] BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

UAE and Chinese Investment Firms Partner on Ethiopian Energy Infrastructure Project

[Nov 7 9:30 AM] Hodler Investments and GCL Energy Investment have partnered to develop a distributed energy infrastructure project in Ethiopia to power next-generation data centers. Boosting Ethiopia’s Data Center Market The United Arab Emirates (UAE)…

Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia

[Oct 23 2:10 PM] Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant shift for the company as it transitions…

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

[Oct 17 1:30 AM] Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum…

Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis

[Oct 2 12:00 PM] Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption. 

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

[Sep 24 12:30 AM] Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on…

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

[Sep 22 8:30 PM] The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that…

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

[Sep 13 3:30 AM] Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing…

NFTs and blockchain bridge Ethiopia’s past and present in new art exhibition

[Jul 5 7:30 AM] “Ethiopia at the Crossroads” is getting a special blockchain boost for its final stint at the Toledo Museum of Art as part of the Ethiopian family art collective’s residency with the museum.

Ethiopia takes first step toward CBDC in economic reform

[Jun 17 3:24 PM] The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”

5 Ways Bitcoin Mining Benefits Ethiopia

[Mar 6 11:30 AM] Ethiopia is emerging as Africa's most promising bitcoin mining hub, poised to claim a significant share of the global hashrate as the hum of miners reverberates across the globe.- Jaran Mellerud & Kal KassaRecent attention from a Bloomberg article…

Chinese Partnership to Bring Large-Scale Bitcoin Mining to Ethiopia

[Feb 19 7:30 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…

US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness

[Jan 22 5:30 PM] Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the…

Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

[May 11, 2023 3:15 PM] The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.

Recounting Ethiopia’s Bitcoin Developments In 2022

[Dec 23, 2022 7:00 AM] Reviewing select developments emerging from Ethiopia this past year makes it clear that the stage is set for Bitcoin.This is an opinion editorial by Kal Kassa, an Ethiopian Bitcoiner.2022 was an exciting year for the global Bitcoin community, and…