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Affordable Energy Prices Drive Chinese Bitcoin Miners to Relocate to Ethiopia

Wyatt NewsonFeb 12, 20242 min read

Ethiopia: A Lucrative Destination for Bitcoin Miners Ethiopia has become an attractive location for Bitcoin miners due to its lower energy costs and favorable government policies.…

Chinese Mining Companies Drawn to Ethiopia’s Affordable Electricity, Reports Bloomberg

Theon BarrettFeb 11, 20242 min read

Chinese Crypto Mining Companies Turn to Africa for Operations Chinese crypto mining companies are increasingly looking to Africa, specifically Ethiopia, for their mining operations. While cryptocurrency…

Chinese Bitcoin Miners Embrace Ethiopia’s Affordable Energy and Favorable Weather Conditions for Mining

Owen PatterFeb 11, 20242 min read

Chinese Bitcoin Miners Turn to Ethiopia for Cheap Energy Chinese Bitcoin miners have shifted their focus to Ethiopia as they seek affordable energy and favorable climates.…

Bloomberg Report: Chinese Investors Spark Worldwide Real Estate Crisis Amid Escalating Domestic Property Issues

Ethan GloberFeb 9, 20242 min read

Distressed Chinese Asset Sales Increase Amid Real Estate Crisis There is a growing requirement for liquidity among Chinese investors, resulting in the increased sale of real…

Chinese Miners Seek Profitable Opportunities in Ethiopia’s Cool Climate, Affordable Electricity, and Crypto Migration

Bitro ConwellFeb 8, 20243 min read

Ethiopia’s Unexpected Role in Bitcoin Mining Chinese Bitcoin miners are flocking to Ethiopia due to the country’s low electricity costs and its embrace of Bitcoin mining.…

Is Ethiopia Becoming the New Haven for Chinese Bitcoin Miners Due to Affordable Electricity?

Gapster InnesFeb 8, 20242 min read

Chinese Bitcoin Miners Find a New Home in Ethiopia Chinese Bitcoin miners have recently been relocating to Ethiopia due to the country’s low electricity costs and…

The Hong Kong Chamber of Commerce Advocates for a Stablecoin Backed by the Chinese Yuan

Demian CrypterFeb 7, 20242 min read

The Hong Kong General Chamber of Commerce Proposes Yuan-Backed Stablecoin The Hong Kong General Chamber of Commerce (HKGCC) has suggested the issuance of a stablecoin backed…

Confiscation of 61,000 Bitcoins Unearthed in Major Chinese Investment Scam by UK Authorities

Benito CormiFeb 1, 20243 min read

U.K. Metropolitan Police Seize 61,000 Bitcoins According to the Financial Times, the U.K. Metropolitan Police have made a significant cryptocurrency seizure, confiscating more than 61,000 bitcoins…

Chinese Investors Find Safe Haven in Gold Amid National Stock Market Downturn

Benito CormiFeb 1, 20242 min read

Chinese Investors Turn to Gold Amid Stock Market Rout Amid the recent stock market rout in China, Chinese investors are increasingly turning to gold as an…

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