bitcoin

Donald Trump Election Victory: Impact on African Cryptocurrency Markets

    The recent US elections have sent shock-waves through the global cryptocurrency markets, and Africa is no exception.  With the election of Donald Trump as President, the crypto market has experienced a significant surge, bringing with it excitement and anticipation across the continent. Cryptocurrency markets across the globe have experienced significant movements following Donald […]

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South Africa’s Real Estate Market Enters the Crypto Era

    Digital currencies are redefining financial transactions, as South Africa leaps into the future by allowing property purchases with cryptocurrencies like Bitcoin.  This innovative approach not only bridges the gap between traditional real estate and modern FinTech, but also showcases South Africa’s progressive stance on digital finance.   A New Chapter in Property Investment

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Bitcoin: Holding Strong Going Into Q4

  October 14, 2024 – Despite ongoing global economic uncertainty, Bitcoin continues to demonstrate its resilience as a top-performing asset. According to the New York Digital Investment Group (NYDIG), Bitcoin has maintained its position as the best-performing asset in terms of returns, despite its well-known volatility.  Analysts remain bullish on Bitcoin’s prospects for the fourth

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Understanding the Unique Dynamics of the African Cryptocurrency Market

  The cryptocurrency market in Africa is rapidly evolving, presenting unique characteristics that distinguish it from more established markets like those in North America, Europe and Asia.   Adoption Driven by Necessity In many African countries, cryptocurrency adoption is driven by necessity rather than speculation.  High inflation rates, unstable local currencies and limited access to

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Bitcoin’s Role in The Financial System of Cameroon

Bitcoin has become a popular method of payment and exchange in Cameroon, with its growing acceptance by retailers, businesses, and individuals. Its use has been growing rapidly since 2019, with more than half a million people now using the currency. quantum-ai.io is one of the best platforms for gaining information. The emergence of Bitcoin as

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Original Article By: https://www.gudstory.com/bitcoins-role-in-the-financial-system-of-cameroon/

Bitcoin Use Is Growing In South Africa

Over the last few years, cryptocurrency usage has skyrocketed in South Africa, with reports suggesting that around four million South Africans own digital currencies. These reports state that Bitcoin is the most popular cryptocurrency in the country, which isn’t surprising: Bitcoin is the most popular virtual currency globally, with over 190 million users. Other examples

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Original Article By: https://www.2oceansvibe.com/2023/02/20/bitcoin-use-is-growing-in-south-africa/

Central African Republic (CAR): Fifteen Experts Join Forces with President Touadéra to Design New Cryptocurrency Regulations

  The Central African Republic (CAR) has taken a major step forward in its efforts to facilitate economic recovery and prosperity by establishing a committee of 15 experts to design a ‘more comprehensive’ cryptocurrency regulatory framework. This comes following a high court ruling last year that aspects of the plans announced last year were ‘unconstitutional’.

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One Year After “eNaira” Was Launched, Nigerians Still Struggle With The Digital Currency

  On Monday, 25 October 2021, Nigeria launched Africa’s first central bank digital currency (CBDC) eNaira, with the theme “Same Naira, More Possibilities”. The eNaira, which was activated the same day by President Muhammad Buhari, promises to increase remittances, foster cross-border trade, improve financial inclusion and enable the government to make welfare payments more easily,

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Original Article By: https://www.withinnigeria.com/2023/01/16/one-year-after-enaira-was-launched-nigerians-still-struggle-with-the-digital-currency/

South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report

  The retailer is taking payments from any Lightning Network-enabled wallet. Pick n Pay, which is one of South Africa’s largest supermarket chains, is now allowing customers to pay with bitcoin (BTC) using any Lightning Network-enabled app, according to South Africa’s The Times. The payment method was tested in 10 stores over the past five months

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Original Article By: https://www.coindesk.com/business/2022/11/01/south-african-supermarket-giant-pick-n-pay-now-accepts-bitcoin-payments-report/

10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women?

  Cryptocurrency adoption in South Africa has held steady over the past several months, according to the latest data from Finder.com.   Ten percent of South African internet users aged 18+ currently own cryptocurrency. It should be noted that this figure or percentage is down from 11% late last year. Men are much more likely

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Bitcoin Mining in Africa: One of the World’s Cheapest Place to Mine BTC

The profitability of mining Bitoin depends in great part on the cost of electricity and soaring energy prices across the globe are impacting bitcoin mining operations. Given the amount of energy required to mine 1 BTC, the cost of energy crisis is understandably of the main factors mining companies must consider when looking to maximise

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Big Changes Coming For How Cryptocurrencies Are Regulated In South Africa

    The Financial Sector Conduct Authority (FSCA), which works in collaboration with the South African Reserve Bank (SARB), recently announced that it is establishing a new regulatory framework for cryptocurrencies in South Africa. Both the FSCA and the SARB have been vocal about declaring cryptocurrencies as financial products, and the Prudential Authority division at

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Original Article By: https://businesstech.co.za/news/finance/619791/big-changes-coming-for-how-cryptocurrencies-are-regulated-in-south-africa/

Binance Says It Is Winning Crypto Clients Thanks To Inflation

  LIMA August 10 – Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers. “Now that we are seeing inflation ramping up worldwide, we are seeing that more

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Original Article By: https://www.reuters.com/technology/binance-says-it-is-winning-crypto-clients-thanks-inflation-2022-08-10/

Researchers Label Nigeria As The World’s Most ‘Crypto Obsessed’ Nation.

Nigeria is, according to a new research study, head-and-shoulders the most cryptocurrency curious country in the world.   The West African state is even out-shadowing current crypto hotspot United Arab Emirates as the place where its population is the most hungry for information about digital assets. The research, carried out by crypto price tracker CoinGecko, examined

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Original Article By: https://www.cityam.com/researchers-label-nigeria-as-the-worlds-most-crypto-obsessed-nation/

New Crypto Hub for Central African Republic; Here’s what’s next.

    The Central African Republic (CAR) has launched the Sango crypto-hub initiative. It is funded by the government to promote the expansion of the regional market for digital assets. The Sango initiative has been introduced following CAR’s acceptance of Bitcoin as legal tender in April. The project aims to attract businesses, international crypto-talent, and enthusiasts, in addition

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Original Article By: https://ambcrypto.com/new-crypto-hub-for-central-african-republic-heres-whats-next

Inspired by MicroStrategy: CyberSec Firm Octagon Networks Converts its Balance Sheet Into Bitcoin

The Ethiopian cyber security company – Octagon Networks – followed suite and converted its entire balance sheet to bitcoin.   Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced bitcoin as a payment method

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Original Article By: https://cryptopotato.com/inspired-by-microstrategy-cybersec-firm-octagon-networks-converts-its-balance-sheet-into-bitcoin/