Bitkoin Africa Blog

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

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,…

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…

Tutorial: How to Create and Fund an Ethereum Wallet in Nigeria

In this tutorial, you will learn how to create an Ethereum wallet in Nigeria using several methods. You’ll also learn how to fund the wallet. An Ethereum wallet creates an address and is used for accepting, storing and sending Ethereum. If you’re wondering if Ethereum and Ether are the same, yes they are. The major difference is that Ether is the name of the cryptocurrency on the Ethereum blockchain network. What is Ethereum? Ethereum is the second most popular cryptocurrency…

How Blockchain Financial Services Will Transform the Global Economy

Author: David Hamilton Blockchain technology is transforming what it means to bank in major ways. People from all over the world are learning about the advantages this technology offers, and every day new and more advantageous blockchain startups are entering the marketplace. The open nature of the decentralized economy is truly inspiring, and for the first time in history, there is a real opportunity to solve many of the problems associated with our financial system. A recent study conducted by…

Jack Dorsey Says Bitcoin is the Currency of the Future

At the Consensus event during New York’s Blockchain week, Jack Dorsey(Twitter and Square co-founder) once again had bullish comments about Bitkoin and cryptocurrency. He said: “The internet deserves a native currency; it will have a native currency. I don’t know if it’ll be Bitcoin or not, but “I hope it will be.” Jack Dorsey’s Square – a payment service for merchants started to accept Bitcoin in 2016. Dorsey has always supported digital currencies and has made several public comments about…

7 Differences Between Ethereum and Bitcoin

Of all the questions we get at Bitkoin Africa, one the most popular questions we get is what the difference between several cryptocurrencies are. In this article, we will tackle the major differences between Ethereum and Bitcoin. Other than their market value, both cryptocurrencies have several features and share some similarities which make them unique. What is cryptocurrency? Investopedia defines cryptocurrency as ‘a digital or virtual currency that uses cryptography for security’. To make this shorter, encrypted and electronic money….

HTC To Release Blockchain Phone

Known for its past glory in creating some of the best Android phones, HTC announced at the Consensus 2018 blockchain conference in New York that it’s working on a blockchain phone called Exodus. The tagline for Exodus is ‘Let my data go’. The name and tagline play on the biblical story of the Israelite’s journey from Egypt to Canaan. We’re quite unsure about why this is a blockchain phone. HTC’s site promises security and out-of-the-box cryptocurrency support. Exodus’ site says…

Who Is Adam Back? About the Blockstream CEO

Author: Bennett Garner Who is Adam Back? For crypto-enthusiasts, the Bitcoin white paper has become the stuff of legend. In it, Satoshi Nakamoto outlined the concept of a blockchain and launched a revolution in the way data gets stored and transacted. While Satoshi’s identity remains obscure, the white paper does mention another name of a very real person: Adam Back. Satoshi cites Back, and the Hashcash protocol Back invented, as early influences on Bitcoin’s proof of work algorithm. Back is…

Poland Is The First Country To Put Banking Records on Blockchain

Poland has become the first country in the world to implement blockchain technology as a storage and access medium for banking records. Blockchain technology company Billon and the Polish Credit Office will implement blockchain for storage and secure access to sensitive customer information. The blockchain is fully GDPR compliant, guaranteeing guarantees total visibility, trackable history and full data integrity for any client-facing document including banking records, loan agreements, insurance claims, telephone bills and terms & conditions. ALSO READ: WHAT IS…