Ethiopia Signals Potential Shift on Cryptocurrency Stance

December 23, 2024 Bitcoin.com

bitcoin.com

The governor of the National Bank of Ethiopia (NBE) has indicated that the bank may issue guidelines for the use of cryptocurrency in the country, suggesting a potential shift in the country’s stance on digital currencies. While cryptocurrency is currently illegal in Ethiopia, the NBE is closely monitoring global developments in central banking and may […]

Bitcoin price probably ‘chops’ between 0K to 0K range until FOMC meeting

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

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

December 5, 2024 Coin Telegraph

500.com

BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

Crypto mining company BIT Mining said its move to mine proof-of-work coins Dogecoin and Litecoin has been more profitable than mining only Bitcoin.

BIT Mining, which previously only mined Bitcoin (BTC), said on Dec. 4 that its expansion into Dogecoin (DOGE) and Litecoin (LTC) “has proved to be nearly three times more profitable than mining BTC alone.”

The company said up until Nov. 27, it had mined 227,908,250.38 DOGE, worth $94.8 million and 84,485.42 LTC, worth $10.7 million. It didn’t say how much of the mined DOGE and LTC it had held onto, as both cryptocurrencies have surged over the past month.

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

UAE and Chinese Investment Firms Partner on Ethiopian Energy Infrastructure Project

November 7, 2024 Bitcoin.com

bitcoin.com

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) investment firm Hodler Investments has partnered with GCL Energy Investment to develop a distributed energy infrastructure project in Ethiopia. The project is expected […]

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

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

October 23, 2024 Bitcoin.com

bitcoin.com

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 from an asset-light strategy to managing a diverse portfolio of Bitcoin mining infrastructure. With this acquisition, Bitfufu’s hosting […]

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

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

October 17, 2024 Bitcoin.com

bitcoin.com

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 ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

September 24, 2024 Bitcoin.com

bitcoin.com

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 traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

September 22, 2024 Bitcoin.com

bitcoin.com

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 can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

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

September 13, 2024 Bitcoin.com

Argentina

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 updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

Russia To Permit Use of Crypto for Global Payments Amid Western Sanctions: Report

August 1, 2024 The Daily Hodl

Brazil

Russian lawmakers have reportedly passed a bill that will enable the nation to use cryptocurrency in international trade. Reuters reports that the law is expected to take effect in September. Russian Central Bank Governor Elvira Nabiullina says the first crypto transactions will likely happen within the year. The law will only allow businesses to use […]

The post Russia To Permit Use of Crypto for Global Payments Amid Western Sanctions: Report appeared first on The Daily Hodl.

Bitcoin price probably ‘chops’ between $100K to $100K range until FOMC meeting

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

July 5, 2024 Coin Telegraph

Africa

“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.

America’s first major institutional exhibition of Ethiopian art throughout the ages will conclude its year-long tour at the Toledo Museum of Art (TMA) with a grand finale featuring non-fungible tokens (NFTs).

In June, TMA announced that the blockchain-based Ethiopian art collective Yatreda will be their second digital artist in residence, following the Nigerian-based non-fungible token (NFT) star Osinachi’s residency in 2023.

This year, Yatreda will stage a special installation within TMA’s iteration of “Ethiopia at the Crossroads,” which TMA co-curated with the Walters Art Museum in Baltimore and the Peabody Essex Museum in Salem.

Ethiopia

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