Crypto News
How Ethiopia’s Low Energy Costs Allow BIT Mining to Recycle its Bitcoin Machines
Landlocked between six different neighbors in the Horn of Africa, Ethiopia has approximately 120 million inhabitants, making it the second most populous nation on the continent, and a GDP of $163 billion, which puts it in the same economic league as Ukraine, Morocco, Slovakia or Kuwait.However, the country has also suffered from a bloody civil war, with several regions still under the control of anti-government forces, like the ethno-nationalist Amhara militia Fano.But that hasn’t prevented Chinese bitcoin (BTC) mining company BIT Mining (BTCM) from expanding its operations — until now confined to Akron, Ohio — into Ethiopia by signing a $14 million deal to acquire facilities worth 51 megawatts (MW) and almost 18,000 bitcoin mining rigs in the country.In fact,...
Enron Unveils First Nuclear Micro Reactor Amid Controversy Over LARP and Possible Token
Enron, the company involved in one of the largest frauds in U.S. corporate history, has announced a breakthrough project: The Enron Egg, touted by the company as “the first micro nuclear reactor.” Enron Announces Enron Egg Micro Nuclear Reactor, Token Might Still Under Wraps Enron, the former Texas-based energy company, has announced an allegedly revolutionarySource link
CoinDesk 20 Performance Update: POL and LINK Each Fall 3.1% as Index Declines
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3701.1, down 1.1% (-39.29) since 4 p.m. ET on Monday.Four of 20 assets are trading higher.Leaders: APT (+4.6%) and ADA (+2.2%).Laggards: POL (-3.1%) and LINK (-3.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Arthur Hayes: Crypto Market will Peak ‘In Mid to Late March’
The BitMex co-founder believes a so-called "Trump dump" just took place during the back half of December.Source link
Ripple Aims to Boost RLUSD Stablecoin’s DeFi Utility with Chainlink Standard
Ripple, an enterprise-focused blockchain service closely related to the XRP Ledger (XRP), said Tuesday that it will use data provider Chainlink's (LINK) services to better integrate its RLUSD stablecoin with decentralized finance (DeFi) applications.This feature, which went live today on the Ethereum blockchain, allows developers to incorporate RLUSD into DeFi protocols for trading, lending and other activities. The company rolled out its U.S. dollar-pegged RLUSD stablecoin to the broader public on Ethereum and the XRP Ledger networks last month. Currently, the token has a $72 million market capitalization, according to CoinGecko data.By adopting the Chainlink standard, Ripple aims to accelerate RLUSD adoption across decentralized finance (DeFi) and boost its appeal for secure, low-cost cross-border payments. DeFi applications often require reliable...