The post Bitcoin Mining Flourishes in Ethiopia as Plus Wallet Streamlines Token Listings; Phantom Wallet Secures Assets appeared on BitcoinEthereumNews.com.

Reports highlight that Ethiopia is now responsible for 2.5% of the global Bitcoin mining hash rate, fueled by renewable energy and heightened investment. This development is a testament to the growing importance of cryptocurrency and the opportunities it presents to investors, developers, and startups. In this competitive sector, having the right tools is crucial. Plus Wallet meets this challenge with its ultra-fast 15-minute token listing process. Acknowledged as one of the top crypto wallet apps, Plus Wallet combines speed, security, and simplicity, making it a favorite for business efficiency. Meanwhile, Phantom Wallet, which operates similarly, recently verified its resilience against a Solana supply chain attack involving the Web3.js library, underscoring its commitment to user security. Bitcoin Mining in Ethiopia Ethiopia is swiftly becoming a significant player in the Bitcoin mining industry, accounting for 2.5% of the global hash rate. The expectation is that local mining operations will double this year, drawing worldwide interest. This expansion is in part due to China’s 2021 mining ban, which led many miners to relocate to Ethiopia. Companies like Bitmain and BIT Mining have made substantial investments, attracted by Ethiopia’s vast hydropower and renewable resources. The Ethiopian government is keenly promoting the country as a mining hub, significantly boosting its economy and establishing Ethiopia as a central player in global Bitcoin mining. Phantom Wallet Unscathed by Solana Attack Phantom Wallet confirmed it was unaffected by the recent Solana supply chain attack that compromised the Web3.js library on December 2, which threatened to expose users’ private keys. Fortunately, Phantom did not use the affected versions and reported no breaches. The incident caused under $200K in losses and was quickly resolved. While the exposure was limited, it raised concerns among some Solana app users, affecting only a minor segment. Rapid Token Listings: Plus Wallet’s Accelerated Approach In…

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Filed under: News - @ December 7, 2024 10:29 pm