Bitkoin Africa Blog

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…

Billionaire George Soros Plans to Invest in Cryptocurrencies

Hungarian-American Billionaire George Soros is planning to invest in cryptocurrencies via his New York-based Soros Fund Management. Soros is making a U-turn after calling them a bubble in January at the World Economic Forum in Davos. He then said digital currencies are volatile and dictators will turn Bitcoin into a financial nest. At the time of his January statement, Bitcoin was trading above $1000 and has seen an almost 40% slump since then. Bitcoin traded below $7000 while writing this…

Top United States MBA Programs Add Cryptocurrency Courses

The world’s most coveted MBA schools are offering classes in digital currency, cryptocurrency and Blockchain. Based off demand from employers and students, Stanford Graduate School of Business, Georgetown University’s McDonough School of Business and University of Pennsylvania’s Wharton School. Stanford’s efforts were led by a second-year student Itamar Orr, who called Stanford’s existing crypto classes ‘pop-us’. Itamar and a few classmates wrote a letter to the university informing them of the need for cryptocurrency classes as the job market was…

Crypto Roundup: Top Cryptocurrency News from This Week

Here are the top cryptocurrency stories this week between April 2nd and April 6th, 2018. 1. John McAfee Charges $105,000 per ICO Tweet Founder of the McAfee antivirus firm and influential cryptocurrency enthusiast, John McAfee, revealed this week that he charges a big buck to tweet about ICOs. The revelation was made in a blog post by the McAfee Crypto Team – an organisation dedicated to promoting cryptocurrencies. If you’re trying to get an influencer on your side, John seems…

11 Things You Need to Know Before Investing in Cryptocurrency

If you’re reading this, you’ve probably heard the stories of many people who became millionaires overnight from their cryptocurrency investments. You’re also thinking of investing some money in Bitcoin, Ethereum, Litecoin or some other cryptocurrency. Before you get started, it’s important to note these things. 1. What is cryptocurrency A cryptocurrency is a digital asset that is developed to work as a medium of exchange. Cryptocurrencies use cryptography to control the amount of units, secure transactions and verify the transfer…

9 Facts About Ethereum You Need To Know

Ethereum is the world’s second most popular digital currency platform. It is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Here are some things you probably don’t know about Ethereum. 1. Ethereum’s inventor is just 24 Ethereum was co-founded by Vitalik Buterin. A 24-year-old Russian-Canadian computer programmer and researcher. He describes Ethereum as a “decentralised mining network and software development platform rolled into one”. Work on Ethereum began in late 2013 via a White…

How to Buy and Sell Bitcoin Cash in Nigeria

This is a tutorial on how to buy and sell Bitcoin Cash in Nigeria. You can pay for Bitcoin cash directly with your naira card or bank account and sell Bitcoin Cash to receive Naira. Follow the tutorial to get this step-by-step process. What is Bitcoin Cash? Bitcoin Cash is a cryptocurrency which was created after a couple of disagreements on the scalability of Bitcoin. A group of developers working on Bitcoin were not content with Bitcoin’s Segregated witness feature(a…

Google Working on Blockchain-related Tech for its Cloud Business

Seems everyone is adopting blockchain technology these days. From finance companies to governments, we’re seeing large organisations use the blockchain in different domains. Bloomberg reports that Google is working to use blockchain technology in its cloud business efforts. Google is one of the major users of its cloud services(to store data across its products) but other companies use it as well. Bloomberg cites people familiar with the project as saying third parties can use Google’s tools to post and verify…

US City Bans Cryptocurrency Mining

Plattsburgh in New York is the first city to ban cryptocurrency mining. The ban when in effect, will last for the next 18 months. The city’s council unanimously voted to impose the ban while it considers regulations for cryptocurrency miners. The mayor of Plattsburgh said that his city has the cheapest electricity rates in the world. This has led to many cryptocurrency mining companies setting up shop to mine digital currencies. Crypto mining typically requires a large amount of power…