Bitkoin Africa Blog

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…

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…

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…

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…

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…

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…

How to Buy and Sell Litecoin in Nigeria

In this tutorial, we will be teaching how to buy and sell Litecoin in Nigeria. You can pay for Litecoin directly in Naira and if you have Litecoin, you can sell it and receive Naira. It’s a straightforward and simple process. All you have to do is follow the tutorial step-by-step. What is Litecoin? Litecoin(denoted by LTC) is a peer-to-peer cryptocurrency and open-source software. The cryptocurrency is built on Blockchain technology which was made popular by Bitcoin. Litecoin was invented…

‘Cryptocurrency’ Has Been Added to the Merriam-Webster Dictionary

Still think cryptocurrencies aren’t real? Well, they’re about to get more legitimate with validation from the Merriam-Webster dictionary. The company announced it added about 850 new words this month and explains why new words need to be added to its English dictionary as they’re created or discovered. According to the official blog post, A word used to identify other words is a new tool for linguists, and a demonym names a person who comes from a specific place, like Hoosier or Parisian This addition will…