Thursday, February 21, 2019

Must Read

Uganda: Carico Café Connoisseur Uses Blockchain to Trace Coffee from Farms to Stores

Africa's largest exporter of coffee, Uganda, has turned to blockchain technology to certify shipments of coffee and provide an undisputed history of coffee from...

South Africa: Hawks Still Investigating the $50 Million BTC Global Ponzi Scheme

South Africa's Directorate for Priority Crime Investigation (DPCI), better known as the Hawks has denied social media allegations that the white collar crime-fighting police unit...

Interview: Mike Nsereko Cuts Deep into African Remittances and Crypto Regulation

MIMI Money (MIMI) is Africa's cryptocurrency used for fast, secure, and easy-to-use peer-to-peer microtransactions and remittances. Founded in 2017, MIMI has real-world use cases...

Kenya: CMA Warns Investors Against Participating in an ICO Offered by Local Firm Wiseman Talent Ventures

The Capital Markets Authority (CMA) has warned Kenyan investors against participating in an initial coin offering (ICO) or trading activities offered by a local...

Kenya: Tech Startup and Law Firm Partner to Develop Africa’s First Security Token Framework

A Bahamian and Kenyan technology startup Raise announced a partnership in December with a Kenyan corporate law firm Anjarwalla & Khanna (A&K) to create Africa's...

South Africa: 5 Bitcoin Ransom Demand for Missing Nine-Year Old Girl

An anti-crime website and Facebook group in Cape Town, South Africa received an anonymous and disturbing message demanding a ransom of 5 Bitcoins ($18,955...

Market Analysis

Russian Church Fined $15,000 for Illegal Bitcoin Mining Activities

An evangelical church from the Russian city of Irkutsk was fined 1 million rubles ($15,000) for consuming large amounts of electricity due to alleged bitcoin...

Iran Accepts Cryptocurrency Mining Industry

According to local news reports, Iran's Supreme Cyberspace Council has officially accepted cryptocurrency mining as an industry. Key points Iran officially recognizes cryptocurrency mining. Despite...

China Warms Up To Cryptocurrencies Despite A Recent Crackdown

Bitcoin and its related activities were given marching orders a couple of months ago by the Chinese authorities, but they are certainly far from gone....

Argo Blockchain To List On The London Stock Exchange

Argo Blockchain is in the running to become the first blockchain technology to be listed on the London Stock Exchange. This is great news...

H370 Mining Master motherboard: A New Offering From Asus

Asus has unveiled a new H370 mining master motherboard that supports up to 20 graphics cards for improved mining performance. The new mining motherboard...

Adoption

Never Mind the Bear Market. Bitcoin Interest Grows in Africa

Africa's interest in Bitcoin is on the rise despite the bear market that has dominated the news headlines since the beginning of the year,...

Nigeria: Luno and Fintech Experts Urge Central Bank to Embrace Cryptocurrencies

Luno Nigeria organized a blockchain forum in which the exchange and fintech experts urged the Central Bank of Nigeria (CBN) to embrace cryptocurrencies and...

Cameroon: Separatist Group Creates Cryptocurrency to Build its Nation

A separatist group in Cameroon calling itself the Federal Republic of Ambazonia (Southern Cameroons) has created its own cryptocurrency known as AmbaCoin to help break...

Kenya: Steady Increase in the Number of Small Businesses Accepting Bitcoin

Health Land Spa, a Kenyan-based spar service provider has become the first healthcare service provider in the East African country to accept cryptocurrencies -...

Iran: Government to Deploy Rial-backed Cryptocurrency for Testing

Iran has completed the development of its Rial-backed national cryptocurrency, and will now deploy it to several commercial banks for testing. The announcement of...

Regulation

G20 Leaders to Collaborate on Crypto Regulation and International Tax

Leaders at the Group of Twenty summit, better known as the G20, have agreed to collaborate on finding a common solution to cryptocurrency tax...

Nigerian Bank to Monitor Accounts Linked to Cryptocurrency Trading Activities

The Union Bank of Nigeria has released a statement stating that it will begin monitoring all accounts associated with cryptocurrency trading activities and if...

Nigeria: Opposition Leader Campaigns on the Ticket of Progressive Crypto Policies

The former vice president (1999 - 2007) of Nigeria and main opposition leader in the upcoming 2019 elections, Atiku Abubakar says that his government...

Nigeria: Lack of Blockchain Regulation Driving Investments out of the Country

The Central Bank of Nigeria (CBN) is costing the country the much-needed investment funding due to lack of regulation that guides how financial services...

Venezuelans to Pay for Passports Using State-Backed Cryptocurrency, the Petro

In a classic case of killing two birds with one stone, the Venezuelan government is trying to push the adoption of its state-backed cryptocurrency,...

Coins

Shari’ah Compliant, Gold-Backed OneGram Cryptocurrency Launches in South Africa

OneGram, a Shari'ah compliant and gold-backed cryptocurrency, was officially launched in South Africa as a way of bringing cryptocurrencies and the Islamic community together. Key points ...

Clearing The Air: McDonald’s’ MacCoin Is Not A Cryptocurrency

The world's largest restaurant chain by income McDonald's launched the MacCoin on Sunday and many mistakenly thought that the famous burger company was venturing...

Bitcoin Surges Past $8,000

Bitcoin is enjoying a bull run and has for the first since May 23, surged past the crucial $8,000 mark. The bull run is...

EOS Nears 3,000 Transactions Per Second

The EOS platform, sometimes referred to as Ethereum On Steroids, is now nearing 3,000 TPS while its competitors are in the range of 7...

Ripple Appoints Former Facebook Executive

Ripple announced Wednesday that they made two new leadership changes. Kahina Van Dyke, a former Facebook executive has been appointed as Ripple's new senior...

Crime

South Africa: Hawks Still Investigating the $50 Million BTC Global Ponzi Scheme

South Africa's Directorate for Priority Crime Investigation (DPCI), better known as the Hawks has denied social media allegations that the white collar crime-fighting police unit...

South Africa: 5 Bitcoin Ransom Demand for Missing Nine-Year Old Girl

An anti-crime website and Facebook group in Cape Town, South Africa received an anonymous and disturbing message demanding a ransom of 5 Bitcoins ($18,955...

South Africa: Bitcoin Trader Tortured, Drugged, and Beaten in a Crypto Robbery

Nov. 16, 2018, could potentially turn out to be one of the worst days for a South African Bitcoin trader, only identified as Andrew,...

Zambia: Three Arrested For Masterminding a $2.4 Million Cryptocurrency Scam

Three directors of Heritage Coin Resources Limited, a Zambian cryptocurrency firm were arrested for allegedly masterminding a cryptocurrency scam that swindled 28 million Zambian Kwacha...

Australia: Sydney Couple Arrested for Identity Theft and Laundering $300K in Cryptocurrency

A Sydney couple with questionable immigration status was arrested by the Cybercrime Squad for allegedly using cryptocurrencies to launder more than $300,000 obtained from...

Exchanges

South Africa: Former Bank Employee Partners with Bittrex to Launch Trading Platform

Farzam Ehsani, a former leader of a blockchain project at Rand Merchant Bank left his job in the banking sector to launch VALR, a...

Bear Market Claims More Victims: Coinfloor Cryptocurrency Exchange to Cut Jobs

The unflattering bear environment in the cryptocurrency market has claimed many heads, and its latest victims are some of the employees of Coinfloor cryptocurrency...

Luno Exchange Opens New African Regional Office in Johannesburg, South Africa

One of the first cryptocurrencies to operate in Africa, Luno, has launched a new African regional headquarters in South Africa's financial hub, Johannesburg. Key points ...

Leading U.S. Cryptocurrency Exchange Bittrex Invests in Malta’s Blockchain Firm

One of the largest cryptocurrency exchanges in the world, Bittrex has bought 10-percent shares in Palladium, a Malta-blockchain firm. Key points Bittrex cements its partnership...

Malta Stock Exchange And OKEx Launching A Security Tokens Trading Platform

Malta is not slowing down on its initiative of becoming a blockchain island. The Malta Stock Exchange and the cryptocurrency exchange, OKEx, signed a...

Opinion

Roubini vs. Buterin: The Battle of Minds and Philosophies

The Wrestlemania of minds is here. It's Roubini vs. Buterin. In what could be easily viewed as the most philosophical battle of the century,...

Blockchain Based-elections: Africa’s Road To Democracy

Blockchain based-elections have the potential to usher Africa into a new democratic dispensation by facilitating transparent, free, credible, and fair elections. Key points Kenya's main...

Who Benefited from The Bitcoin Mania?

The price of Bitcoin reached a record high of just under $20,000 in December 2017. The price was only just over $1,000 at the...

The Bitcoin Bubble Has Popped Already, and It is Gaining More Ground

Is Bitcoin a bubble waiting to pop or has it popped already? Bitcoin is a very volatile digital currency that has registered record bulls...

The Intimate Relationship between Bitcoin and Crime

Has Bitcoin and its crypto cousins become the new driver for sophisticated and sometimes, outrageous heists and hacks? Bitcoin and co have been in...

Industry

Tunisian Startup Secures $100,000 Funding from UNICEF for Blockchain Project

A Tunisian development studio Utopixar has received $100,000 in funding from UNICEF's Innovative Fund to develop blockchain-based solutions with the potential to benefit humanity,...

Google Funded South African Startup Uses Blockchain to Tackle Youth Unemployment

Zlto, a startup based in Cape Town, South Africa uses blockchain technology to tackle youth unemployment, reported Business Insider South Africa on Dec. 19....

Cryptocurrencies in South Africa: State of the Nation Address

If you are male under the age of 30, have a tertiary qualification or studying towards one, there is a 70-percent chance that you...

ICO – A Comprehensive Guide To Initial Coin Offerings

If you have been actively following cryptocurrency news and events around the world, you have probably heard of an initial coin offering or ICO...

State of Cryptocurrencies in Nigeria

The state of cryptocurrencies in Nigeria draw a parallel between increased youth interest catalyzed by the December 2017 peak prices, authorities that are yet...

Legal

India: RBI Intensifies its Court Case Against Cryptocurrency Legality

The Reserve Bank of India has filed an affidavit with the Supreme Court challenging the legality of Bitcoin and cryptocurrencies under the current financial...

Zimbabwe Reserve Bank Defends Its Position On Cryptocurrency Ban

Zimbabwe Reserve Bank Governor, Dr. John Mangudya has defended the central banks' decision to ban cryptocurrencies and related activities. Immediately after the ban, Bitfinance took...

SEC Halts Fraudulent Titanium ICO After It Had Raised $21 Million

A self-proclaimed "blockchain evangelist" who masterminded a fraudulent Titanium ICO, and raised $21 million in the process, has been charged by the Securities and...

Telegram Ban: Iran Follows in Russia’s Footsteps

Iran has followed in the footsteps of Russia by banning Telegram, a social app that is used by around 40 million people in the...

Paper Planes Rain in Moscow As Protesters Urge the Government To Lift Telegram Ban

Thousands of Russians filled the streets of Moscow calling on the country's government to reverse its decision of banning Telegram, a popular messaging app....

Uganda: Carico Café Connoisseur Uses Blockchain to Trace Coffee from Farms to Stores

Africa's largest exporter of coffee, Uganda, has turned to blockchain technology to certify shipments of coffee and provide an undisputed history of coffee from...

South Africa: Hawks Still Investigating the $50 Million BTC Global Ponzi Scheme

South Africa's Directorate for Priority Crime Investigation (DPCI), better known as the Hawks has denied social media allegations that the white collar crime-fighting police unit...

Interview: Mike Nsereko Cuts Deep into African Remittances and Crypto Regulation

MIMI Money (MIMI) is Africa's cryptocurrency used for fast, secure, and easy-to-use peer-to-peer microtransactions and remittances. Founded in 2017, MIMI has real-world use cases...

Kenya: CMA Warns Investors Against Participating in an ICO Offered by Local Firm Wiseman Talent Ventures

The Capital Markets Authority (CMA) has warned Kenyan investors against participating in an initial coin offering (ICO) or trading activities offered by a local...

Kenya: Tech Startup and Law Firm Partner to Develop Africa’s First Security Token Framework

A Bahamian and Kenyan technology startup Raise announced a partnership in December with a Kenyan corporate law firm Anjarwalla & Khanna (A&K) to create Africa's...

South Africa: 5 Bitcoin Ransom Demand for Missing Nine-Year Old Girl

An anti-crime website and Facebook group in Cape Town, South Africa received an anonymous and disturbing message demanding a ransom of 5 Bitcoins ($18,955...

Tunisian Startup Secures $100,000 Funding from UNICEF for Blockchain Project

A Tunisian development studio Utopixar has received $100,000 in funding from UNICEF's Innovative Fund to develop blockchain-based solutions with the potential to benefit humanity,...

Tanzania: Government Fights ‘Ghost-worker’ Fraud with Blockchain Technology

The Tanzanian government announced that it is using blockchain technology to fight corruption and ghost worker fraud costing the country 430 billion Tanzanian shillings ($195.4...

Google Funded South African Startup Uses Blockchain to Tackle Youth Unemployment

Zlto, a startup based in Cape Town, South Africa uses blockchain technology to tackle youth unemployment, reported Business Insider South Africa on Dec. 19....

Never Mind the Bear Market. Bitcoin Interest Grows in Africa

Africa's interest in Bitcoin is on the rise despite the bear market that has dominated the news headlines since the beginning of the year,...

Bitcoin: To the Moon, and Back, in One Year

On Dec. 17, 2017, Bitcoin's price went to the moon and rose unprecedently to a record price of $19,709.10, only to crush back to earth...

Cruise-ship Interview with Tumelo Ramaphosa at the Blockchain World Summit

Wivacoin had a cruise ship interview with Tumelo Ramaphosa, the founder and CEO of Unlocking Blockchain Africa. He is also the son of South...