• CONTACT
  • Privacy Policy
  • Blog
  • Terms & Conditions
  • About Us
Crypto Tag News
  • Home
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
Reading: Africa Crypto Week in Review: Ethiopia A Leader In Bitcoin Mining As Nigeria Turns To Supportive Laws, Will Blockchain Make The World More Sustainable?
Share
  • bitcoinBitcoin(BTC)$107,090.00
  • ethereumEthereum(ETH)$2,477.00
  • tetherTether(USDT)$1.00
  • rippleXRP(XRP)$2.23
  • binancecoinBNB(BNB)$654.10
  • solanaSolana(SOL)$152.91
  • usd-coinUSDC(USDC)$1.00
  • tronTRON(TRX)$0.279681
  • dogecoinDogecoin(DOGE)$0.164158
  • staked-etherLido Staked Ether(STETH)$2,475.70
Crypto Tag NewsCrypto Tag News
Aa
  • Home
  • Blockchain
  • Crypto
  • Market
Search
  • Home
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
Have an existing account? Sign In
Follow US
© Crypto Tag NEWS. All Rights Reserved.
Crypto Tag News > Blog > Market > Binance > Africa Crypto Week in Review: Ethiopia A Leader In Bitcoin Mining As Nigeria Turns To Supportive Laws, Will Blockchain Make The World More Sustainable?
Binance

Africa Crypto Week in Review: Ethiopia A Leader In Bitcoin Mining As Nigeria Turns To Supportive Laws, Will Blockchain Make The World More Sustainable?

snifferius
Last updated: 2025/01/11 at 9:08 PM
snifferius Published January 11, 2025
Share


Contents
Ethiopia Crypto News: Dominating Crypto MiningNigeria Crypto News: Spearheading Crypto RegulationsTanzania and Kenya Crypto Africa News: Blockchain In Environmental Conservation 

The Africa crypto industry is thriving. Ethiopia Bitcoin industry is now the largest crypto Africa mining hub, while Nigeria’s crypto is focused on policy, and crypto recycling is sweeping the continent.

2024 was a massive year for crypto. Bitcoin

.cwp-coin-chart svg path {
stroke: ;
stroke-width: ;

}





btc-bitcoin icon












btc-bitcoin icon




Price









Trading volume in 24h



<!–
?
–>


Last 7d price movement


broke $100,000 for the first time, drawing even more investors and enthusiasts. While traders were fixated on prices and whether top altcoins would moon, something else was happening in Africa.

Ethiopia is cementing its place in global Bitcoin mining, using renewable energy to reap huge profits. Meanwhile, Nigeria is at the forefront in crypto regulations, increasingly warming up to the tech and its vast use cases.

In Kenya and Tanzania, innovators demonstrate that crypto is not just about launching meme coins. Instead, blockchain can be utilized to tackle environmental challenges and create a more sustainable world.

This review will highlight all the pivotal events in the past week that helped further refine Africa’s crypto narrative, showing that the continent is a key player in the global digital economy.

Ethiopia Crypto News: Dominating Crypto Mining

According to reports in 2024, Ethiopia became the first country in Africa to operate large-scale, government-backed crypto mining. As a result, it reportedly generated over $1 billion in Bitcoin mining profits, which translates to around 18% of the country’s national income.

Its success is all thanks to the Grand Ethiopian Renaissance Dam (GERD), one of the world’s largest hydro power plants. GERD provides cheap energy, some of which are utilized by crypto miners. A portion of the revenue from Bitcoin mining goes back into maintaining the GERD infrastructure.

Nigeria Crypto News: Spearheading Crypto Regulations

While Ethiopia excels in crypto mining, Nigeria aims to be the beacon of crypto regulations on the continent.

The country’s chief regulator, the Securities and Exchange Commission (SEC), is warming up to crypto. Despite its challenges with Binance, the SEC wants to create a new progressive framework that balances innovation with oversight.

In this regime, all crypto exchanges must be licensed and required to incubate before launching. During this time, they will learn to align with the regulator’s new crypto standards before securing an operating license.

So far, Busha and Quidax are the two crypto exchanges licensed to operate. Yellow Card Nigeria also seeks to apply for a license.

Tanzania and Kenya Crypto Africa News: Blockchain In Environmental Conservation 

While blockchain is known more for meme coins and DeFi, fresh efforts are being made to demonstrate how the tech can address one of Africa’s environmental challenges: restoration.

Chatafisha and Aquapurge, operating from Tanzania and Kenya, are turning efforts to preserve the environment into a profitable venture for participants. Through their regenerative finance efforts, they have launched programs that incentivize waste collection and recycling. Those who actively participate receive tokens that can be swapped for cash.

ReFi projects crushing it in Africa: Aquapurge + Chatafisha paying locals w/ tokens to clean trash 🌍

5.4k kg waste cleared thru PURGE tokens + Dar es Salaam collectors earning from recycling. blockchain verifies every kg = real impact

win-win: ESG creds for protocols, income… pic.twitter.com/f2QZSpZuDX

— AlphaChatX (@AlphaChatX) January 9, 2025

The clean-up activities are now along the Kenyan and Tanzanian coastlines. So far, over 23 cleanup events have been conducted, and participants earned USDC rewards.

EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Africa Crypto Week in Review: Ethiopia A Leader In Bitcoin Mining As Nigeria Turns To Supportive Laws, Will Blockchain Make The World More Sustainable? appeared first on 99Bitcoins.

You Might Also Like

Europol Busts $540 Million Crypto Fraud Network That Scammed 5,000 Victims Globally

TradFi Could Eye Blockchain Due To Banking Frustration

71% of Koreans Want to Buy More Crypto: Survey

The New Crypto Sensation or a Downright Scam?

Bitcoin Rainbow Chart: The Next 4 Months For BTC Could Change Everything: Is History Repeating?

TAGGED: Africa, Bitcoin, Blockchain, Crypto, Ethiopia, laws, Leader, Mining, Nigeria, Review, Supportive, sustainable, Turns, Week, World

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article Co-leader of Germany’s far-right AfD calls for mass deportations
Next Article Litecoin X account briefly hacked to promote a fake token
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
Europol Busts $540 Million Crypto Fraud Network That Scammed 5,000 Victims Globally
Understanding Bitcoin: A Beginner’s Guide to the World of Cryptocurrency
Exploring the Impact of Cryptocurrency Regulations on Global Finance

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Crypto Tag News

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image

© Crypto Tag NEWS. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?