Ethiopia’s Bitcoin Mining Boom Just Ran Into a Water Problem
Ethiopia has cut electricity deliveries to bitcoin miners by 75%, leaving them with just 23% of contracted power after El Niño reduced reservoir inflows by roughly 20%
Nearly every major bank now expects the Fed to raise rates for the first time in three years
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Ethiopia has cut electricity deliveries to bitcoin miners by 75%, leaving them with just 23% of contracted power after El Niño reduced reservoir inflows by roughly 20%
The study highlights the urgent need for standardized methodologies in crypto data analysis to ensure accurate market assessments and regulatory compliance
A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins
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