WAO ART #365

Chinese Bitcoin miners, who were once dominant in the global mining industry, are now turning to Ethiopia for its cheap electricity and favorable regulations. After being ousted from China due to strict regulations in 2021, these miners have found refuge in Ethiopia.

Switzerland-based Crypto Finance has obtained four licences from the German Federal Financial Supervisory Authority (BaFin) for its subsidiary, Crypto Finance (Deutschland) GmbH. These licences authorize regulated digital asset trading, settlement, and custody services in Germany.

Binance founder Changpeng Zhao's sentencing has been postponed to late April as he faces charges related to money laundering regulations. Zhao, currently on a $175 million bond in the US, had pleaded guilty to not implementing an adequate anti-money laundering program at the cryptocurrency exchange.

The American University of Sharjah (AUS) and Sui have partnered to launch the AUS-Sui Blockchain Academy, aiming to provide cutting-edge blockchain education and support innovation in the technology. The academy will operate under the Center of Entrepreneurship and Innovation.

Education New Zealand has launched the New Zealand-India Education Connect program to promote collaboration between the two countries. The program aims to foster bilateral dialogue on research, innovation, cultural exchange, and cooperation in the context of international education.

Digital Currency Group (DCG), the parent company of Grayscale Investments, has reported a surge in revenue and profitability in Q4 2023, largely driven by the Bitcoin rally. The company's Q4 revenue increased by 59% to $210 million, with EBITDA reaching $99 million.

A new banking trojan called Coyote has been used to attack 61 banks in Brazil. The trojan is delivered through a malicious installer and then executes various malicious activities, such as capturing screenshots, logging keystrokes, and shutting down machines.