Warning: count(): Parameter must be an array or an object that implements Countable in /app/public.built/wp-includes/theme.php on line 356
Bitkoin Africa Blog |Bitkoin Africa Blog

Bitkoin Africa Blog

13 Things You Should Know Before Investing in Bitcoin in Nigeria

Bitcoin and other cryptocurrencies saw a major craze within the last one year. You might be thinking you should invest too and reap some rewards. Before you invest in bitcoin in Nigeria, these are the important things to note. 1. Bitcoin is a Digital Asset The first thing to know about investing in Bitcoin is what Bitcoin is and how it works. Bitcoin is a digital, decentralized cryptocurrency – this means that Bitcoin is a digital asset(you can’t see or…

Visa Shuts Down Bitcoin and Ethereum Based Debit Cards

Financial provider Visa suspended prepaid cards which people used to pay and withdraw cash via their cryptocurrency wallets. These cards were basically fiat currency cards which allowed users make deposits in pounds or euros via crypto. Cards from CryptoPay, BitPay and Bitwala all acknowledged VISA cards they provided had been suspended. They were however looking to refund their users. Following an announcement from our card issuer on behalf of Visa Europe, Bitwala cards are taken out of operation starting today….

South Korea Makes U-Turn on Cryptocurrency Trade Ban

South Korea’s government has made a U-turn on its decision to ban cryptocurrency exchanges across the country. On January 11th, police began raiding offices of crypto exchanges Coinone and Bithumb on suspicions of tax evasion. The justice minister also announced the government was planning a bill to ban domestic cryptocurrency trading – especially Buying and Selling of Bitcoin. Earlier today it issued a statement saying “The proposed shutdown of exchanges that the justice minister recently mentioned is one of the…

Top 7 Cryptocurrency Apps For iPhone and iPad

This is a list of the best iPhone and iPad apps for tracking cryptocurrency prices, updates and your personal cryptocurrency investments. They’re all available for download from the Apple App Store and will allow you be on top of your crypto game as a trader or enthusiast. For buying and selling Bitcoin and other cryptocurrencies, these apps are a necessity. 1. Blockfolio Initially developed to keep track of Bitcoin prices, Blockfolio has extend its reach to over 2000 cryptocurrencies worldwide….

The Best Android Apps For Tracking Your Cryptocurrency Investment

For cryptocurrency traders and enthusiasts, keeping up with the price of crypto is highly important. Cryptocurrency investment is all about buying and selling at the right time. These apps will help you keep up with Bitcoin, Ethereum, Litecoin and other altcoin prices. If you want to buy and sell Bitcoin in Nigeria we recommend these apps. Bitcoin Price IQ Bitcoin Price IQ was initially designed to track Bitcoin prices but soon began supporting over 200 cryptocurrencies. More importantly, it supports…

Lightning Network To Make Bitcoin Transactions Faster

One of the current issues facing Bitcoin in the cryptocurrency universe is the speed of transactions. As more people purchase Bitcoin and try to use it, sending Bitcoin from one wallet to another has become terribly slow, sometimes taking hours or a day. This has caused an increase in network transaction fees – an advantage Bitcoin used to have over transferring regular(fiat) money. At the moment, Bitcoin currently processes 3 transactions per second. When compared to Visa’s ability to process…

This Japanese Company Will Pay Employees in Bitcoin

GMO Internet, a Japanese technology company has announced it will start paying part of its employees’ salaries in Bitcoin. GMO runs a bunch of internet-based companies ranging from finance, cloud computing and to internet advertising. The company will pay up to 100,000Yen monthly in Bitcoin by February 2018. The offer is open to GMO’s almost 4000 employees in Japan and can be seen to be an extension of a Bitcoin exchange it launched in May this year. GMO also has…

Nigerian Startup SureRemit To Launch ICO For Blockchain-based Remittances

  SureRemit is a Nigerian startup that connects immigrants globally with merchants back in their home countries. It enables people abroad basically purchase vouchers for their family back home. The company has begun pre-ICO sale of a token which will allow immigrants purchase digital vouchers for goods and services. It will also allow them pay for utility bills directly on SureRemit’s platform. Here’s a video explaining the idea behind SureRemit The startup has explained that the cost of remittances is…

How to Make Profit from Cryptocurrency ICOs

The rise of Bitcoin, Ethereum and other cryptocurrencies have made them a juicy medium for investing. Bitcoin has grown in price by over 4000% since last year while Ethereum has seen a hundred fold increase. These are great returns for cryptocurrency enthusiasts and traders. Initial Coin Offerings(ICOs) are one of the many methods for making profit with cryptocurrencies. An ICO is basically a method of fundraising where companies or an organisation sells a token in exchange for some value of…

Zimbabwe’s Central Bank Boss Declares Bitcoin As ‘Not Actually Legal’

A top official at Zimbabwe’s Central Bank has said the currency is not actually legal in the country. According to the Zimbabwean Chronicle, the Director and registrar for the Reserve Bank of Zimbabwe, Norman Mataruka was quoted as saying “bitcoin … is not actually legal”. He also made note of what the position on Bitcoin is for Southern African countries. “In Southern Africa, what we have done as regulators, we have said that we will not allow [bitcoin] in our…