Ethiopia is leveraging the Grand Renaissance Dam (GERD), the largest in Africa, to boost Bitcoin mining operations. Revenue from Bitcoin mining now constitutes 18% of the Ethiopian Electric Power Company's (EEP) earnings. Over the past year, the country has invested $1 billion in mining infrastructure and partnered with 25 mining companies to attract international miners. These efforts aim to capitalize on Ethiopia's surplus electricity, offered at a low cost of approximately 3.2 cents per kWh.
👾#Crypto Data of 58,000 customers from the largest US cryptocurrency ATM network have been stolen.
Hackers breached the Byte Federal network and stole customers' names, addresses, phone numbers, ID details, social security numbers, transaction data, and photographs.
The company reset all customer accounts, updated internal passwords, and enhanced security protocols.
Byte Federal operates over 1,200 Bitcoin ATMs worldwide.
Bitmain, the world’s largest Bitcoin mining company, announced the opening of a new production line in the United States. The first batch of ANTMINER S21 Pro mining devices is set for delivery in December 2024.
#BinanceHODLerMOVE #move #Crypto Binance announced the third project on its Airdrops Portal, Movement (MOVE). The token will be listed on December 9, 2024, at 13:00 UTC, with trading pairs MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. The Seed Tag will be applied to MOVE.
Binance has introduced its On-Chain Yields financial products, with the inaugural project being Babylon BTC Staking. Through their Binance accounts, users can directly engage with the on-chain protocol and earn rewards in the form of Babylon Points.
As per Coinpost's report, Binance Japan, set to debut in August, is planning to list 34 tokens, comprising BTC, ETC, DOT, QTUM, ALGO, ETH, ADA, and others. Notably, it will also be the first time in Japan for $BNB to be listed, surpassing the offerings of major local competitors like Bitbank, GMO, and Coincheck.
The BNB Foundation has completed its 29th quarterly BNB burn, automatically burning 1,772,712.363 BNB, valued at around $1.07 billion. Moving forward, this quarter's and future burns will be conducted directly on the BNB Smart Chain (BSC), with the equivalent BNB amount sent to a designated "black hole" address for permanent removal from circulation.
Foundry, the world's largest Bitcoin mining pool, reportedly laid off nearly one-third of its workforce today, as per Blockspace. Around 20 employees were transitioned to Yuma, a newly established decentralized AI startup under DCG.
#CZ , the founder of Binance, highlighted the potential of blockchain in AI labeling and data processing. He noted that executing these tasks on-chain allows for instant payments via cryptocurrency and leverages cost-effective global labor without geographical barriers. To ensure fairness, high-quality labelers can be rewarded using a normal distribution curve, while low-quality contributors are excluded from rewards.
$BTC 🟠#BTC MicroStrategy announced the acquisition of 55,500 BTC for approximately $5.4 billion at an average purchase price of $97,862 per Bitcoin. The company reported a quarter-to-date Bitcoin return of 35.2 percent and a year-to-date return of 59.3 percent. As of November 24, 2024, MicroStrategy holds a total of 386,700 BTC, acquired at an average price of $56,761 per Bitcoin, with a cumulative acquisition cost of $21.9 billion.