Ethiopia’s $1B Bitcoin

Ethiopia’s $1B Bitcoin Boom with Hydropower

4 weeks ago

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Bitcoin has retraced to the $94,000 mark, while VERUM and PHALA have revealed double-digit advances in price. The worldwide cryptocurrency market cap has taken a beating, falling 2.11 percent in the past day. All of the major cryptocurrencies are exhibiting signs of bearish market circumstances; for example, Bitcoin (BTC), Ethereum (ETH), and Solana (sol4.08%) have all experienced price drops in the past day. Despite the market situation, the value of Verum Coin (VERUM) has increased by more than 88%, rising from $1,120.20, its 24-hour low, to $2,182 as of Saturday's final check. Verum made the announcement on social media last week that the coin was now available on the Halo Wallet. The project had already verified its availability on the Binance Web3 Wallet before to then. One possible explanation for the coin's success is the 2024 release of the game Verum Runner. You can earn V Coins in-game and then trade them for Verum Coins, thanks to the game's cryptocurrency integration. Behind Verum Coin is an unnamed development team. The Phala In the past day, the price of Phala (PHA) has increased by 45 percent. Between $0.3716 and $0.5893, the price of the coin skyrocketed, and it has since recovered to its present level of $0.5406. It is possible that the price rise was caused by the recent introduction of Phala 2.0 by the PHALA team. Nevertheless, the announcement of a new partnership between Phala Network and ai16z to test out AI could be a major factor in the spike. Third place goes to aixCB by Virtuals, which saw a nearly 50% surge in value from $0.0357 to $0.6697 in the past day. With the use of artificial intelligence, a community-driven venture capital platform has amassed over 140,000 members, 23 active grants, and $5 million in incentives. Additionally, the project has achieved $20 million in staking rewards in just two weeks, which could have contributed to driving up the price.

Mining Ethiopia’s $1B Bitcoin brought in $1 billion for Ethiopia, 18% of their electricity earnings. Minimizing environmental impact, Bitcoin mining…