Bitkoin Africa Blog

How to Buy Ethereum in Nigeria with Naira Card or Bank Account

In this tutorial, we will be sharing how to buy ethereum in Nigeria using your Naira debit or card or your bank account. It’s a very simple process that requires you to pay a little attention to the steps. What is Ethereum? Ethereum is a public software platform built on blockchain technology and enables developers to build applications on top of it. Just like Bitcoin, Ethereum has a cryptocurrency denoted by ETH and sometimes called Ether, that serves as a…

Bill Gates Says Cryptocurrencies Have Directly Caused Deaths

Former CEO and founder of Microsoft Bill Gates is concerned about the cryptocurrency craze and has linked cryptocurrencies to directly causing deaths. In a Reddit AMA, the Billionaire argued against cryptos saying government’s ability to trace money in money laundering, tax evasion and the funding of terrorism is a good thing. “Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.” He, however, also…

You Can Now Trade Bitcoin Cash, Ethereum and Litecoin in Nigeria on Bitkoin Africa

When we launched Bitkoin Africa in October 2017, we set out to solve a few problems that plagued cryptocurrency trading in Nigeria. We looked at the market and discovered that access to fast, easy and secure cryptocurrency trades in Nigeria was near impossible. As such, we decided to build bitkoin.africa, a platform where users in Nigeria can buy cryptocurrency from other users with their Naira cards and Nigerian bank accounts, and also sell cryptocurrency to other users hassle-free. Thereby making buying and…

Get Rich or Die Trying: 50 Cent Tells Bankruptcy Court He Doesn’t Own Any Bitcoin

50 Cent has told a US Bankruptcy court that he, in fact, doesn’t own $8 million in Bitcoin as previously reported and as he accepted. 50 says he only went with the report from TMZ because the story felt good for his brand. The rapper said “so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting.” 50 Cent needs to prove to the…

Crypto Roundup: Top Cryptocurrency News From This Week

Here are the top cryptocurrency stories this week between February 18th and February 24th 2018. Elon Musk Owns Some Bitcoin Elon Musk revealed in a tweet that he only owns a fraction of BTC. He only owns 0.25 Bitcoin which a friend sent to him a few years ago. It’s quite surprising, seeing that the billionaire is above the curve of other technology. Bitcoin Transaction Fees are Low Again In December, Bitcoin transaction fees saw a ridiculous spike – making…

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…