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3232Uganda and Eight Other Nations Join BRICS as Partners in January
https://www.digit.info/uganda-and-eight-other-nations-join-brics-as-partners-in-january/
Fri, 27 Dec 2024 12:30:19 +0000https://www.digit.info/uganda-and-eight-other-nations-join-brics-as-partners-in-january/Read more]]>Russia has confirmed that Uganda will become a BRICS partner on Jan. 1, 2025, along with eight other countries: Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, and Uzbekistan. These nations will join the BRICS alliance as partner countries, but won’t have the same rights as official members, such as voting power and unrestricted participation in […]
]]>Ethiopia Signals Potential Shift on Cryptocurrency Stance
https://www.digit.info/ethiopia-signals-potential-shift-on-cryptocurrency-stance/
Mon, 23 Dec 2024 12:30:25 +0000https://www.digit.info/ethiopia-signals-potential-shift-on-cryptocurrency-stance/Read more]]>The governor of the National Bank of Ethiopia (NBE) has indicated that the bank may issue guidelines for the use of cryptocurrency in the country, suggesting a potential shift in the country’s stance on digital currencies. While cryptocurrency is currently illegal in Ethiopia, the NBE is closely monitoring global developments in central banking and may […]
]]>Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand
https://www.digit.info/facebook-wins-reprieve-as-court-restrains-nigerian-regulators-38-55-million-demand/
Thu, 19 Dec 2024 09:30:25 +0000https://www.digit.info/facebook-wins-reprieve-as-court-restrains-nigerian-regulators-38-55-million-demand/Read more]]>The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024, following a motion ex parte filed by Facebook. Facebook sought two […]
]]>Aethir Launches $100M Ecosystem Fund With Blockchain Center Abu Dhabi
https://www.digit.info/aethir-launches-100m-ecosystem-fund-with-blockchain-center-abu-dhabi/
Sat, 14 Dec 2024 23:30:57 +0000https://www.digit.info/aethir-launches-100m-ecosystem-fund-with-blockchain-center-abu-dhabi/Read more]]>Aethir has partnered with the Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. They will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes graphics processing unit (GPU) subsidies and token grants for eligible ventures. Aethir’s decentralized GPU cloud infrastructure provides high-performance computing solutions, […]
]]>Kenya National Fire Brigades Association Adopts Bitcoin
https://www.digit.info/kenya-national-fire-brigades-association-adopts-bitcoin/
Thu, 12 Dec 2024 15:48:12 +0000https://www.digit.info/kenya-national-fire-brigades-association-adopts-bitcoin/Read more]]>The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union’s efforts to improve working conditions and emergency response capabilities for firefighters in Kenya. By integrating bitcoin into their balance sheet, KENFIBA seeks to enhance its […]
]]>Trump’s Tariff Threat Prompts China to Consider Yuan Devaluation
https://www.digit.info/trumps-tariff-threat-prompts-china-to-consider-yuan-devaluation/
Thu, 12 Dec 2024 05:30:36 +0000https://www.digit.info/trumps-tariff-threat-prompts-china-to-consider-yuan-devaluation/Read more]]>China’s top leaders are considering allowing the yuan to weaken in 2025 to counter potential U.S. trade tariffs under Donald Trump’s presidency. Trump plans to impose a 10% universal import tariff and a 60% tariff on Chinese imports. A weaker yuan could make Chinese exports cheaper, mitigating the tariff impact, and creating looser monetary settings […]
]]>Bitoasis Secures Full VASP License From Dubai’s VARA
https://www.digit.info/bitoasis-secures-full-vasp-license-from-dubais-vara/
Tue, 10 Dec 2024 00:24:30 +0000https://www.digit.info/bitoasis-secures-full-vasp-license-from-dubais-vara/Read more]]>Bitoasis, a leading virtual asset platform in the Middle East and North Africa (MENA) region, has received a full virtual asset service providers (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Securing the full VASP License marks the final step in VARA’s licensing process. This milestone allows Bitoasis to expand its services to retail, […]
]]>BIT Mining Acquires Ethiopian Data Centers and Mining Machines
https://www.digit.info/bit-mining-acquires-ethiopian-data-centers-and-mining-machines/
Thu, 05 Dec 2024 00:05:04 +0000https://www.digit.info/bit-mining-acquires-ethiopian-data-centers-and-mining-machines/Read more]]>BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate […]
]]>Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services
https://www.digit.info/nigerian-crypto-exchange-bitmama-halts-virtual-mastercard-services/
Mon, 02 Dec 2024 20:34:54 +0000https://www.digit.info/nigerian-crypto-exchange-bitmama-halts-virtual-mastercard-services/Read more]]>Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […]
]]>Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar
https://www.digit.info/phantom-money-counterfeit-dollar-bills-haunt-istanbul-bazaar/
Fri, 29 Nov 2024 03:30:55 +0000https://www.digit.info/phantom-money-counterfeit-dollar-bills-haunt-istanbul-bazaar/Read more]]>Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of the problem, with some traders blaming banks for clogging the system by not accepting old dollar […]
Russia has confirmed that Uganda will become a BRICS partner on Jan. 1, 2025, along with eight other countries: Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, and Uzbekistan. These nations will join the BRICS alliance as partner countries, but won’t have the same rights as official members, such as voting power and unrestricted participation in […]
]]>
The governor of the National Bank of Ethiopia (NBE) has indicated that the bank may issue guidelines for the use of cryptocurrency in the country, suggesting a potential shift in the country’s stance on digital currencies. While cryptocurrency is currently illegal in Ethiopia, the NBE is closely monitoring global developments in central banking and may […]
]]>
The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024, following a motion ex parte filed by Facebook. Facebook sought two […]
]]>
Aethir has partnered with the Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. They will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes graphics processing unit (GPU) subsidies and token grants for eligible ventures. Aethir’s decentralized GPU cloud infrastructure provides high-performance computing solutions, […]
]]>
The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union’s efforts to improve working conditions and emergency response capabilities for firefighters in Kenya. By integrating bitcoin into their balance sheet, KENFIBA seeks to enhance its […]
]]>
China’s top leaders are considering allowing the yuan to weaken in 2025 to counter potential U.S. trade tariffs under Donald Trump’s presidency. Trump plans to impose a 10% universal import tariff and a 60% tariff on Chinese imports. A weaker yuan could make Chinese exports cheaper, mitigating the tariff impact, and creating looser monetary settings […]
]]>
Bitoasis, a leading virtual asset platform in the Middle East and North Africa (MENA) region, has received a full virtual asset service providers (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Securing the full VASP License marks the final step in VARA’s licensing process. This milestone allows Bitoasis to expand its services to retail, […]
]]>
BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate […]
]]>
Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […]
]]>
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of the problem, with some traders blaming banks for clogging the system by not accepting old dollar […]
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