Thursday, April 25, 2024
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Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic

More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic.According to a Tuesday report from Canadian news outlet Toronto Star, when Tahini’s restaurant owners Aly and Omar Hamam and their

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Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed – Emerging Markets Bitcoin News

According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4

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How the crypto workforce changed in the pandemic – Cointelegraph Magazine

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy. But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone.Perhaps crypto, born of a crisis, is most

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Fracking Companies Pivot to Mining Bitcoin as Pandemic Woes Continue to Bite

Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs. Bitcoin Mops up Waste Gas The shale industry

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