The advent of Bitcoin and other cryptocurrencies has ushered in a transformative era in the global financial landscape. Initially conceived as a decentralized digital currency, Bitcoin has grown to influence a wide array of sectors, including finance, technology, and regulation. This article explores how Bitcoin is reshaping global financial regulation, the challenges it presents, and…
Namibia’s first Bitcoin ATM is now available at the Crypto Kiosk in Windhoek’s Maerua Mall. The Crypto Kiosk operates in full compliance with the Namibian Financial Intelligence Centre and all applicable Namibian and international legislation (NFIC). Bitcoin ATMs are similar to traditional ATMs, but instead of connecting to a bank account, they connect directly to…
The Central African Republic, a landlocked country roughly in the middle of Africa, has become the first African government to recognize Bitcoin as legal cash. The Central African Republic’s Ministry of Finance and Budget, as well as the Ministry of Digital Economy, Postal Services, and Telecommunications, have presented a joint document that recognizes Bitcoin as…
VALR.com, a South African cryptocurrency exchange, said today that it has raised $50 million (about R750 million) in Africa’s largest-ever cryptocurrency fundraising round. The company is now worth $240 million. Pantera Capital led VALR’s oversubscribed Series B equity funding round, which included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon…
“Binance,” one of the world’s largest cryptocurrency exchanges,” is reportedly investing $200 million in the company as it prepares to go public via a special purpose acquisition company, according to Forbes (SPAC). Binance’s investment will replace half of the $400 million in private placement commitments made by Forbes and Magnum Opus Acquisition Limited, the world’s…
Bitcoin has been on a steady bull run since February 4, but there appears to be a price ceiling for now, as bears were able to lower the price of Bitcoin further down, around $43,500, after reaching a weekly high of $45,500 early on February 8. The price of the world’s most valuable cryptocurrency has…
According to the latest Cryptocurrency Adoption Index from Finder.com, cryptocurrency adoption is increasing in South Africa. In the December study, 11 percent of South African adult internet users, or an estimated 4.5 million people, claimed they owned cryptocurrencies, up from 10 percent in October – a one percentage point rise. Bitcoin remains the most popular…
According to the CEO of a game-changing global financial giant, Bitcoin will be legal tender in three more countries by 2022. Nigel Green of deVere Group, one of the world’s largest independent financial advisory, asset management, and fintech organizations, doubled down on a prediction made by El Salvador’s President on Sunday. Nayib Bukele tweeted a…
As we get closer to Christmas, the crypto market appears to be on its way to a quick recovery following days of constant dips. Bitcoin is currently trading at $51,484 per token on the Indian exchange CoinSwitch Kuber, up 0.80 percent. In recent days, Bitcoin’s low-lying values in India have hovered around $50,000. The world’s…
Bitcoin’s value fell 3.43 percent on Tuesday, December 14, continuing its trend of greater losses and smaller gains. Kuber, the world’s oldest cryptocurrency, is currently trading at $50,553 on the Indian exchange CoinSwitch. Bitcoin’s value is currently hovering around $47,235 on international exchanges such as CoinMarketCap. This is the fourth week in a row that…
Although the domain name bitcoin.org was registered on August 18th, 2008, it wasn’t until October 31st of that year that a link to Bitcoin: A Peer-to-Peer Electronic Cash System (its white paper) was posted online. It was written by the enigmatic Satoshi Nakatomo, the legendary Bitcoin creator whose identity is still unknown to this day….
Four African blockchain startups have been selected to participate in the CV Labs global incubation program run by venture capital firm CV VC, securing $ 125,000 in funding and additional support. CV VC, based in Switzerland, funds the seed and incubation program, CV Labs, for its global technology team in exchange for a stake. The…
El Salvador made Bitcoin legal tender not too long ago but the country’s Bitcoin Trust has already gained millions in profit, and the country’s President Nayib Bukele has now stated that the profits will be directed towards building 20 schools. The update was confirmed via the press secretary of the presidential office via Twitter. Bukele,…
Bitcoin grabbed all the headlines in the crypto world last week marking a new all-time high but ended the week with the slump. But the surge in investor excitement doesn’t seem to have faded just yet. The world’s most popular cryptocurrency opened Monday’s trade at Rs. 47,36,579 (roughly $63,236) rising by 1.41 percent over the…
In what may seem like a pat on the shoulder to investors who are bullish on Bitcoin, the world’s leading cryptocurrency has stunned critics to rake in profits for investors, climbing to a new ATH of $66,000 today. Bitcoin has maintained its bullish pace to surpass its previous ATH of $64,863, soaring to $66,950 today,…
According to data published by the Cambridge Centre for Alternative Finance in the United Kingdom, the United States has surpassed China as the world’s top bitcoin mining country. Bitcoin is created or “mined” by high-powered computers located in data centers all over the world competing to solve complicated mathematical riddles in a process that consumes…
Bitcoin continues to one-up its previous days best and moves past $57,000 (roughly Rs. 42 lakhs) for the first time since May. At the time of writing, the world’s most popular cryptocurrency is trading at roughly $57,490 (roughly Rs. 43.3 lakhs) on Binance and CoinMarketCap, while on Indian exchange Coinswitch Kuber, BTC is already valued…
Bitcoin rose on Friday to its highest level since around mid-September, bolstered in part by seasonal factors as well as supportive comments overall from US Federal Reserve Chairman Jerome Powell on Thursday. In testimony to Congress, Powell said the Fed had no intention of banning cryptocurrencies, in response to a question from House Representative Ted Budd. Some…
Bitcoin mining produces electronic waste (e-waste) annually comparable to the small IT equipment waste of a place like the Netherlands, research shows. Miners of the cryptocurrency each year produce 30,700 tonnes of e-waste, Alex de Vries and Christian Stoll estimate. That averages 272g (9.5oz) per transaction, they say. By comparison, an iPhone 13 weighs 173g…
Yearly, the amount of e-waste produced by the entire bitcoin network is comparable to that produced by a country like the Netherlands. Written by Jody Serrano There’s no doubt that cryptocurrency in its current form is bad news for our planet. But while much attention has been paid to crypto’s carbon footprint and electrical use, its impact on…
Written by Matthew Sparkes El Salvador has officially adopted bitcoin as legal tender. Draft legislation may soon lead Panama down the same path, while China, the US and the UK are investigating launching their own cryptocurrencies. Here’s what you need to know. Why are countries adopting bitcoin? President Nayib Bukele hopes bitcoin will alleviate El Salvador’s prickliest…
Written by Matthew Sparkes PayPal has two decades of experience in online payments and manages 403 million user accounts. So, it caused ripples when it announced on 23 August it would allow UK customers to buy and sell four cryptocurrencies: bitcoin prices rose to a three-month high. But will this – and last October’s roll-out in…
Twitter CEO Jack Dorsey suggested the new move in July by calling Bitcoin a “big part” of the platform’s future. Written by Jagmeet Singh Twitter May Soon Let Users Add Bitcoin, Ethereum Addresses to Their Profiles for Tips Twitter is found to be working on allowing users to add Bitcoin and Ethereum addresses to their…
On her way she met a copy. The copy warned the Little Blind Text, that where it came from it would have been rewritten a thousand times and everything that was left from its origin would be the word “and” and the Little Blind Text should turn around and return to its own, safe country….
In our previous post, we wrote about a broad overview of what blockchain is and its technicality guide. Today, I will list and explain the underlying technology of blockchain. There may be a few other more which we may not cover in this post. But our focus is on the main technology found in the…