Global cryptocurrency exchange Binance has restored access to its platform for users in Ethiopia through state-owned telecom provider Ethio telecom, following what the company described as successful regulatory engagements with local authorities. The update was communicated directly to users on Tuesday through an official notice, which read: “Hi Binancian, Thank you for your patience and
Telegram’s built-in crypto platform, Wallet, has announced that it will discontinue peer-to-peer (P2P) cryptocurrency trading services involving the Ethiopian Birr (ETB) starting June 2, 2026, citing regulatory requirements in Ethiopia. In a notice shared with users, Wallet stated that all active ETB-denominated P2P advertisements will be removed from the platform after the effective date, while
Global cryptocurrency exchange Binance has announced it will disable all trading involving the Ethiopian Birr (ETB) starting May 15, 2026, marking a significant development for crypto users in Ethiopia. In a statement shared by Binance Africa, the company said the decision is part of efforts to align with evolving regulatory requirements in the country. “We’re
Global financial markets are poised for sharp volatility at the start of the week after the United States and Israel launched coordinated military strikes across Iran, dramatically escalating tensions in the Middle East and raising fears of supply disruptions in one of the world’s most critical energy corridors. President Donald Trump confirmed that U.S. forces
The National Bank of Ethiopia (NBE) has issued a public notice stating that peer-to-peer (P2P) cryptocurrency transactions denominated in Ethiopian Birr are prohibited unless expressly authorized by the Bank. In its statement released on Thursday, the central bank clarified that the use of Birr-paired P2P arrangements on trading platforms, exchanges, or similar services is not
In recent years, Ethiopia has positioned itself as an attractive hub for Bitcoin mining, drawing global attention due to its exceptionally low electricity costs—reportedly as low as 3.2 cents per kilowatt-hour. This affordability, largely powered by the country’s vast hydropower resources, including the Grand Ethiopian Renaissance Dam (GERD), has led to an influx of foreign
December 4, 2024, Bitcoin achieved a landmark, crossing the $100,000 threshold for the first time in its history. The Journey to $100K Bitcoin was introduced to the world in 2009 by an anonymous figure or group known as Satoshi Nakamoto. Its early days were marked by obscurity, with one of the first known commercial transactions
The evolution of technology has transformed capital markets, from the advent of the telegraph to today’s algorithm-driven, high-frequency trading. These innovations have made financial systems faster, more efficient, and accessible to a broader range of participants. This article explores key technological tools that have shaped capital markets, detailing their impact on trading efficiency, market accessibility,
On October 3, 2024, Coopbank announced a significant partnership with InFTF, a global leader in inclusive finance, to introduce Ethiopia’s first blockchain-powered remittance service. This innovative service aims to transform cross-border money transfers by offering a solution that is not only faster but also more secure and affordable. This new remittance service allows members of
₿itcoin halving is a significant event within the Bitcoin network designed to reduce the creation rate of new bitcoins by halving the miners’ rewards. Bitcoin halving affects the scarcity and potential value of Bitcoin and also catalyzes advancements in mining technology by pushing miners to optimize their operations and energy usage. As of the latest
BRICS will work to create an independent payment system based on digital currencies and blockchain, Kremlin aide Yury Ushakov said in an interview with TASS. “We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The
Ethiopian Investment Holdings (EIH) has sparked public curiosity with its recent announcement of a Memorandum of Understanding (MoU) with a prominent data mining company. While specific details regarding investment amounts and shareholder particulars remain undisclosed at this time, the focus of this collaboration is centered on the establishment of a cutting-edge data center equipped with
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