Bitkoin Africa Blog

Bitcoin Isn’t Anonymous, and That’s Okay

Author: Marshall Taylor For most people who have found themselves deep into this topic of blockchain and cryptocurrencies, there was likely a moment or series of moments where the idea of blockchain clicked. Your understanding of it brought on a wave of ideas about how blockchain could be used and what applications might be crafted to better humankind. For a lot of us, once the dots were able to connect and the first layer of this new thing was shed,…

Crypto Roundup: Top Cryptocurrency News From This Week

1. Cryptocurrency prices plummet sharply, with significant losses across the board Almost all of the top one hundred cryptocurrencies by market cap have seen significant losses within the space of just a few hours today, June 22. Total market capitalization of all cryptocurrencies has dropped to just under $268.4 billion, dropping a hefty $16 billion on the day. 2. Crypto exchange, Bithumb, halts withdrawals after $31 Million hack South Korea’s Bithumb, one of the largest cryptocurrency exchanges in the world by trading…

Cryptography: A Brief History from Symmetry to Bitcoin

Author: Wilton Thornburg Introduction to Cryptography “There’s nothing you can know that isn’t known. Nothing you can see that isn’t shown. All you need is…PUBLIC KEY CRYPTOGRAPHY!!!” – with apologies to Lennon-McCartney Without public key cryptography, cryptocurrency fails. Public key cryptography proves ownership and enforces privacy. It arrived relatively recently, though, appearing on the scene in the mid-1970’s at the same time as the personal computer revolution. The art and science of cryptography encode (i.e., encrypt) messages so that no…

Crypto Roundup: Top Cryptocurrency News From This Week

1. Blockchain takes root in the heart of African countries Dennis Wafula wrote about the blockchain wave that’s slowly gaining ground in African countries. He cites events and conferences in Nigeria, Kenya and Ghana that have served as support groups for Blockchain technology. 2. Cryptocurrency Trading Halted in Zimbabwe Despite High Court Ruling A Zimbabwean high-court has overturned the central bank’s decision to ban cryptocurrency exchanges and stop banks from allowing crypto transactions. It’s however taking banks a while to…

How Blockchain Needs Regulation to Mature

Author: Marshall Taylor Blockchains and their cryptocurrencies are energetically following a path similar to other major leaps in technology that have come before it. Like automobiles, electricity, or the world wide web, the technology and communities behind blockchain tech are growing and innovating far ahead of existing regulations or social safety nets. On one hand, regulation and consumer safety in the space of blockchain technology and cryptocurrencies are becoming increasingly important and desired by those involved. However, the community seems…

6 Facts About Bitcoin Cash(BCH)

Bitcoin Cash was launched on August 1 2017 as a protest by a group of Bitcoin developers who were not satisfied with the Segregated Witness feature that was added to Bitcoin. Bitcoin’s ticker symbol is BCH as a result of this fork. In this article, we’ll share some facts about Bitcoin Cash. 1. Bitcoin Cash is a direct fork Bitcoin Cash is a direct fork of Bitcoin. This means it is basically a duplicate of Bitcoin’s blockchain at the moment…

Crypto Starter Pack: 7 Tools Every Cryptocurrency Trader Must Use

Cryptocurrency trading is a lot of work and the only way to make it easier is to use tools that can keep you ahead of the game. If you still want to keep your day job and remain a crypto trader on the side, we’ve rounded up a short list of tools and services every crypto trader should use daily. 1. CoinMarketCap CoinMarketCap is a site that over 1600 cryptocurrencies across more than 11000 cryptocurrency exchanges globally. If an altcoin…

Crypto Roundup: Top Cryptocurrency News From This Week

It’s the end of another week and time for the top cryptocurrency stories. 1. Jack Dorsey Says Bitcoin is the Currency of the Future Bitcoin got another endorsement from Twitter and Square co-founder Jack Dorsey. Jack believes Bitcoin will be the defacto currency of the internet in a few years. It also turns out his payment company Square, processed over $30 million in Bitcoin transactions in Q1 of 2018. 2. How to Earn Bitcoin We carried out some thorough research…

7 Ways to Spot a Cryptocurrency Scam

With the rise in the use of cryptocurrencies around the world, there has also been a rise of fraudulent cases regarding crypto. If you’re a crypto newbie, it’s easy to fall for these scams as they promise returns that are similar to legitimate cryptocurrency investments. Old crypto traders can also fall for these scams due to oversight. It’s become quite difficult to find out if a cryptocurrency offering is a scam or not so we’ve made this checklist you can…

How to Earn Bitcoin: 11 Ways You Can Earn Bitcoin(BTC)

Bitcoin has gotten very popular in the last few years. From the first transaction of paying for pizza to powering over $30 million worth of transactions on Square, everyone wants some Bitcoin. Wondering how you can earn some Bitcoin for yourself? There are many scam sites online promising all kinds of BTC rewards for taking part in a variety of tasks. We’ve compiled a thorough list of 11 ways you can earn Bitcoin for different tasks. 1. Earn.com Formerly 21.co,…