Power play: Bitcoin miners flock to Ethiopia for low-cost electricity
The East African country hopes to earn much-needed foreign exchange by providing electricity to these mining companies.
Sam Adeyemo
Core DAO launches a $5 million Africa blockchain fund
Dubbed the “Core African Innovation Fund,” the initiative seeks to support blockchain projects in Africa.
Btrust Builders kicks off inaugural fellowship for Bitcoin developers in Africa
The fellowship, Btrust Builder’s first since it acquired Qala, is expected to train African software developers on Bitcoin open-source development.
Crypto crime in 2023 exceeded $24 billion: Chainalysis
The analytics firm found that illicit transactions are carried out more with stablecoins than any other cryptocurrency.
Helicarrier shuts its professional crypto trading platform Buycoins Pro
The reasons for the closure remain obscure, but there are suspicions that thin volumes on the exchange were a factor. The registration feature on the website has also been disabled.
Four reasons Ghana is developing the eCedi CBDC
With the eCedi CBDC, the Bank of Ghana hopes to stay relevant in an increasingly digital world. The CBDC is also created for financial inclusion.
Ethiopia gets $350 million World Bank financing for its digital ID project
$50 million comes as a grant from the World Bank’s International Development Association.