Tag: africa
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Algerian Government Eyes Total Ban on Cryptocurrencies
The government of Algeria appears to be moving towards a total ban of Bitcoin and other digital currencies in the country. The government is reportedly considering the prohibition of the use, as well as possession of the virtual currencies and not just a ban on their acceptance as a form of payment. Based on a report by local paper Maghreb…
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Blockchain activities in Nigeria have already put the country on a concrete technical foundation. Many experts, therefore, predict that Africa stands to profit more than any nation on the planet from this up-and-coming technology. It has become evident in the vast directness and balanced approach of Nigerian government towards understanding the intricacies of the ecosystem.…
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Russian Bitcoin Tycoon Expands Into Africa
Russia is striving to lead the global blockchain movement, with President Vladimir Putin even eyeing the creation of a national cryptocurrency. But the real work to spur the world blockchain economy is being implemented far beyond the walls of the Kremlin by small groups of private software engineers, who are working tirelessly in backrooms and…
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Bitcoin Price Nears $10,000 in Zimbabwe Due to a Lack of Cash in the Country
According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the Golix.io exchange, while the global average is, at press time, of $5,642.00. According to a local trader, bitcoin isn’t just being bought by individuals, but by businesses with…
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Nigerian Central Bank Director: Cryptocurrency Wave ‘Cannot Be Stopped’
The Central Bank of Nigeria is said to be taking a closer look at blockchains and cryptocurrencies. According to a report in The Guardian this week, Musa Jimoh, a deputy director at the country’s central bank, recently spoke at a cryptocurrency-focused conference in Lagos, Nigeria’s largest city. There, Jimoh indicated that the Central Bank of Nigeria…
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Blockchain Will Revolutionize Agriculture and Food Supply Chain
Mr Kimani Mbugua, CEO of Greenspec, a Kenya Agro-Processing company has stated that the blockchain technology has the potential to transform agriculture tremendously. Speaking at the launch of Belfrics Kenya’s Bitcoin Exchange on Saturday at the Villa Rosa Kempinski, in Nairobi, Kenya, he explained that even though there has been little talk of blockchain in agriculture, the…
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Cryptocurrency Exchange BitcoinFundi Now Allows to Trade Dash
Zimbabwe-based cryptocurrency exchange BitcoinFundi has started to trade other cryptocurrencies beyond Bitcoin. In its bid to attract more customers, the exchange has started allowing its users to trade Dash, becoming the second exchange in Africa listing Dash/USD trading pairs. The exchange has also added Litecoin trading pair to its list of accepted virtual currencies. Users of the…
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It is Baby Steps But Bitcoin is Taking Root in Africa
Tanzania is the latest African country that is embracing the technological digital currency revolution as it shows some impressive growth, despite the small numbers. In Africa, it is Kenya, Nigeria and South Africa that are the pioneers of cryptocurrency, but as the world of Bitcoin spreads, places like Tanzania are starting to show growth. July growth spurt According to Coin.dance, a Blockchain information…