Chinese Bitcoin Miners Are Drawn to Ethiopia by Its Economical Hydropower and Growing Crypto Mining Industry

21 bitcoin miners, the majority of them are Chinese, are said to have inked power supply deals with the Ethiopian state electrical provider. It appears that the African nation’s desire for foreign cash has trumped the issues frequently brought up by proponents of climate change. Ethiopia is about to become China’s Favorite Location for Bitcoin … Read more

Report: Record Inflows Into Spot Bitcoin ETFs Drive Crypto Investment Surge

The world of cryptocurrency investment products saw a significant shift last week, with spot bitcoin exchange-traded funds (ETFs) emerging as the market leaders. These funds drew $1.1 billion in inflows, which is the largest amount of assets under management (AUM) since early 2022, according to a recent Coinshares report. Spot Bitcoin ETFs are king with … Read more