Bitkoin Africa Blog

How to Buy Bitcoin in Nigeria With Debit/Credit Card

  In this article, we will be sharing a tutorial on how to Buy Bitcoin in Nigeria using your debit or credit card. The process is simple and straightforward but you need to payattention to make your purchase seamless. Where to Buy Bitcoin in Nigeria with card? There are many websites and services that allow you buy Bitcoin in Nigeria with your debit or credit card. They are called “Bitcoin Exchanges”. Every exchange has its unique value proposition, fees and…

How Much Bitcoin Does Elon Musk Own?

When it comes to adopting new technology, Elon Musk is ahead of much-famed technology enthusiasts. As the co-founder of Tesla, SpaceX and co-founder of PayPal, Elon is clearly always thinking about the future of energy, motoring, space travel and payments. In a tweet, he revealed just how much BTC he owns – it’s just a small fraction. “I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago. In today’s Bitcoin markets, that’s about…

Western Union is Officially Testing Cryptocurrency with Ripple’s XRP

After a month of rumours, money transfer service Western Union has confirmed it is testing transactions with Ripple and its cryptocurrency XRP. Western Union’s CEO, Hikmet Ersek said “We are looking especially in the processing settlement and working capital optimization, also in the regulation part, on the compliance part on the blockchain capabilities,” Usually, money transfer services tie up money in respective countries where they operate and use them as settlements for global transactions. With cryptocurrency such as Ripple, these…

Cryptocurrency Market Cap Rises Above $400 Billion

Cryptocurrencies are off to a green start this week as total market capitalisation of all currencies rose above the $400 Billion mark – according to data tracked by CoinMarketCap. The market recovered from a huge plunge from about $270 billion just a couple of days ago. Following impending crypto ban across the world and in the US especially. Following the Senate hearings on proposed cryptocurrency legislation, investors seem to be once again bullish about the market and we hope the…

Samsung is now producing chips for Cryptocurrency mining

Samsung is the biggest manufacturer of computer chipsets, recently taking over from Intel. However, the company is not resting on its oars as it has begun producing ASIC chips for mining cryptocurrency. ASIC chips are used to ‘mine’ cryptocurrency such as Ethereum, Bitcoin and others. In a report from TechCrunch, a Samsung spokesperson confirmed the company has truly begun production for ASIC chips but will not disclose who its customers are. The TechCrunch report came after Korean media had hinted…

Big US Banks Ban Credit Card Purchases of Cryptocurrency

According to a report by Bloomberg, Three of America’s largest banks have announced they’re freezing cryptocurrency purchases on their credit cards. The banks are JP Morgan Chase, Bank of America and Citigroup. While JP Morgan announced the ban on Saturday, Bank of America had begun declining credit cards on exchanges by early Friday. By late Friday, Citigroup also made a similar statement. All banks say they will not support the risk taken on by Cryptocurrency investments. This ban, however, doesn’t…

Cryptocurrency Trader Robbed in England’s First Bitcoin Heist

The Telegraph reports that armed robbers made their way into the home of a Bitcoin trader and forced him to transfer Bitcoin at gunpoint. The report also indicates that this is the first of its kind robbery in the United Kingdom. Mr. Aston’s house in South Oxfordshire was invaded by four robbers in balaclavas before tying up a woman and making Mr. Aston transfer Bitcoin to a wallet address. Mr. Aston is a former city financier who set up his…

Nigerian Senate Urges Finance Institutions to Kick Off Bitcoin Awareness Programmes

The upper chamber of the Nigerian National Assembly has advised the Central Bank of Nigeria, Nigerian Insurance Deposit Commission, and the Nigerian Stock Exchange to launch awareness campaigns against cryptocurrency investments and Ponzi schemes in Nigeria. According to punch, the Senate advised the top financial agencies “to make an unequivocal statement across all the news platforms in all dialects on the dangers of bitcoins as a store of value in Nigeria.” The Senate also mandated its Committee on Banking, Insurance…

How To Fund Your Bitcoin Wallet in Nigeria

Many new Nigerian Bitcoin users ask how to fund their Bitcoin wallets or accounts. If you don’t have a Bitcoin wallet yet, please read “how to create a bitcoin wallet in Nigeria” for how to do that. You can fund your Bitcoin wallet either by buying Bitcoin or getting someone to transfer to you. In this article, we will be focusing on the transfer option. For those who already have Bitcoin wallets, here’s how you can fund your wallet and…

Crypto Roundup: Top Cryptocurrency News From This Week

Here are the top cryptocurrency news this week between January 21st and January 26th 2018. 50 Cent accidentally made $8 million in bitcoin Imagine waking up and realising that you’re a millionaire. Well, a bigger millionaire than you already were in this case. In 2014, 50 Cent allowed his fans buy his album ‘Animal Ambition’ with Bitcoin. 1 BTC was worth about $662 at the time. 50’s Bitcoins are now worth over $7 million. From an initial $400,000. Stripe is…