Bitkoin Africa Blog

Goldman Sachs Announces Bitcoin Trading Operations

While many banks are fleeing from Bitcoin and other cryptocurrencies, one of the largest banks in the world is embracing them. Goldman Sachs will begin to use the price of Bitcoin as a benchmark to trade with clients. The bank will actually not be buying or selling Bitcoin but will include its price as a peg for trading new contracts in the same way, many banks use the price of gold, oil or the dollar to trade with clients. Goldman…

Dubai Government Announces Dubai Blockchain Business Registry

The Dubai government in partnership with IBM has launched the Dubai Blockchain Business Registry Project. The blockchain registry is to increase the efficiency of business registration and operation in the Dubai. This is only a step in a series of blockchain-based programmes which are part of Dubai’s 2020 Blockchain strategy. The project was developed with support from Smart Dubai and the Dubai Silicon Oasis Authority, with input from the Department of Economic Development. The blockchain registry will store information concerning…

Telegram Suspends Public Coin Offering

Secure messaging app Telegram has suspended a planned public sale of its cryptocurrency. This comes after it raised $1.7 billion in a private sale, raising money from less than 200 private investors. Cryptocurrency and security fans alike were excited about Telegram’s public offering. The company’s intention is to use raised funds to build Telegram Open Network – a blockchain and payment network built into its messaging technology. The network’s aim is to be a “Visa/Mastercard alternative for a new decentralized…

CoinMarketCap Launches iOS App

To mark its fifth year anniversary, cryptocurrency data site CoinMarketCap has launched a mobile app for iPhone and iPad users. CoinMarketCap started in 2013 and was tracking seven cryptocurrencies. The service has grown to track over 1600 cryptocurrencies across 200 exchanges. In a post on Medium, the company also said there are other activities to mark the site’s anniversary. They include a new branding as well as a new site design. The mobile app retains the major feature of CoinMarketCap…

Blockchain Meets Digital Advertising: 3 Projects Looking to Dethrone the Kings

Author: Alex Moskov In 2017, Google and Facebook captured nearly 73% of digital advertising revenue in the United States, with the remainder up for grabs for competitors such as Amazon and Snapchat. Digital advertising spending is estimated to be near $270 billion in 2018, and only keeps growing every following year. With nearly $2 trillion in market cap between just the above four companies, the current digital advertising oligarchy trumps even the (currently) $250 billion market cap of the entire…

Japan Has 3.5 Million Active Crypto Traders

Data from Japan’s Financial Services Authority shows that Japan has about 3.5 million active cryptocurrency traders. This number makes Japan the largest country in terms of cryptocurrency traders. The Financial Services Authority carried out a survey of 17 crypto exchanges and found some interesting stats. The most-traded cryptocurrencies are Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. They also found that a majority of traders are between 20 and 40 years old. Bitcoin trading leads the pack with annual trading rising…

What is the Lightning Network? A Beginner’s Guide

Author: Colin Harper If you’ve ever dealt in Bitcoin, you may have suffered through hour-long (or at worst, day-long) transaction times.  It’s becoming commonplace for Bitcoin to have backlogs of 150k+ unconfirmed transactions at times of high transaction volume, and when we couple this with its exorbitant fees, it’s a wonder how you’re ever gonna use it to pay for that 5 piece meal at KFC. The lightning network is here to help with that.  This concept is the brainchild of Thaddeus Dryja…

Crypto Roundup: Top Cryptocurrency News from This Week

Here’s your weekly dose of top happenings and events in the cryptocurrency world. 1. George Soros’ Fund To Invest in Cryptocurrency Billionaire and hedge fund expert George Soros might be looking to invest in cryptocurrency. This comes as manager of his Soros Fund announced he had received the green light to trade cryptocurrency. He hasn’t made any trades yet. 2. Japan To Legalise ICOs Following guidelines by a blockchain study group, the Japanese government is moving to legalise Initial Currency…

6 Facts You Need to Know About Litecoin

With a market cap of over $7 Billion, Litecoin is the fifth most popular cryptocurrency in the world. The altcoin is known for its speed and stability and a great alternative to Bitcoin. Before buying or selling Litecoin, here are some things you need to know about LTC. 1. Litecoin was Invented by an Ex-Googler – Litecoin Facts Litecoin was released to the public on GitHub on October 7, 2011 by Charlie Lee – a former employee of Google Inc….

Japan Moving to Legalise ICOs

The Japanese government is pushing towards legalising Initial Coin Offerings. Unlike many governments, it is moving in the opposite direction and looking to minimise the risks and fraud associated with ICOs. Initial Coin Offerings have become a popular method for companies to raise funds via cryptocurrency tokens – they work just like the traditional Initial Public Offering but investors purchase tokens instead of stock. $8.8 billion dollars has been raised via ICOs since 2017. Japan’s move follows the results from…