Friday, May 8

Economy

In the dynamic world of cryptocurrencies, the Bitcoin halving event stands out as a pivotal moment, drawing attention from enthusiasts and investors alike. Scheduled to occur in April this year, this event is expected to halve the block rewards for miners, significantly impacting Bitcoin’s valuation and its role in the broader digital asset landscape.

Iraq on Friday reopened its North Refinery in Baiji that was shut for a decade during the violence and chaos that followed the US-led invasion in 2003 which made it nearly impossible to run one of the country’s most vital energy complexes.

South Africa’s government will draw down 150 billion rand ($7.93 billion) over the next three years from a central bank-administered contingency account to limit borrowing, the National Treasury said on Wednesday.

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