Cryptocurruncy

25 Dec

Russian BTC to Build Bitcoin Mining hub in Ethiopia

ethionegari@gmail.com0 CommentsBusiness, News, TechnologyAddisAbaba, BitCluster, Bitcoin, BTC, Cryptocurruncy, EthioNegari, Ethiopia, Ethiopianews, Russia

The Russian bitcoin company, BitCluster (BTC), has officially announced plans to establish a Bitcoin mining data center in Addis Ababa, Ethiopia. As reported by Russia Today, BTC has designated January 2024 for the launch of its mining center African headquarters in the Ethiopian capital. The forthcoming Bitcoin mining center, spanning an impressive 30 thousand square meters, is set to commence construction in January. An interesting facet of this initiative is that the center's power supply will be exclusively derived from the Grand Ethiopia Renaissance Dam (GERD). Once operational, this mining center is poised to position Ethiopia as one of the…

11 Apr

Crypto billionaires lost $110 billion last year

ethionegari@gmail.com0 CommentsBusiness, News, TechnologyAddisAbaba, Cryptocurruncy, digitalcurruncy, EthioNegari, Ethiopia

There are now only 9 crypto billionaires with a total value of less than $30 billion, compared to 19 crypto billionaires worth $140 billion last year, according to Forbes' 2023 World’s Billionaires List. The top 3 crypto billionaires still include Binance CEO Changpeng Zhao. He is still the richest man in the industry, though his fortune has fallen to $10.5 billion from $65 billion a year ago. Second place went to Ripple co-founder Jed McCaleb, whose net worth was $2.4 billion after selling his XRP, per the terms of a separation agreement with Ripple. Rounding out the top 3 is…