Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour

Africa’s top golfers are set to receive Bitcoin prize money after ground-breaking sponsorship of the Sunshine Tour.

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How Bitcoin is helping people at the grassroots level in Africa

Bitcoin is being used as a fail-safe mechanism during times of natural disaster in Africa. The post How Bitcoin is helping people at the grassroots level in Africa appeared first on CryptoSlate.

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Africa Receives $100 Billion Bitcoin

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Bitcoin Adoption Explosion in Africa, Led by Nigeria, Kenya, and South Africa

Bitcoin continues to gain traction in Africa, with Kenya being the most bitcoin maximalist country, with 94. 7% dominance. The top 10 list also contains Nigeria at the 5th spot and South Africa at the 6th spot.

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Man With a Mission: Jack Dorsey Wants to Bring Bitcoin Adoption to Africa

For the last month, Twitter and Square CEO, Jack Dorsey, has been going around Africa to understand the state of the region, most likely from a financial services and payment perspective. According to Forbes, Dorsey met Bitcoin business owners at a meetup in Nigeria and subsequently tweeted that Africa will define the Bitcoin future, DecemberRead MoreRead More.

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Bitcoin Interest in Africa Booming as Nigeria, South Africa Top Google Trends

While interest in Bitcoin across China may be picking up again, the last 12 months have been dominated by Africa when it comes to Bitcoin fever. According to Google Trends, Nigeria and South Africa take the number one, and two, spot for searching the term Bitcoin in the last year.

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Bitcoin Interest Shifting to Africa — Is BTC ‘Banking the Unbanked?’

Data suggests that Bitcoin interest is growing in Africa. The nations of South Africa and Nigeria currently lead in terms of Google searches for queries relating to the cryptocurrency. The revelation comes via data from Binance Research, the cryptocurrency market analysis branch of the leading digital asset exchange platform.

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High Cost Slows Down Bitcoin ATM Growth in Africa

There are more than 4,000 bitcoin automated teller machines (ATMs) in the world, but only just about 10 (or 0.2 percent) of these are in Africa. In a continent widely touted as the next big growth region for cryptocurrency, could it be that the story of Africa’s growth isn’t as real as many “Africa rising” […] The post High Cost Slows Down Bitcoin ATM Growth in Africa appeared first on Bitcoin News.

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Bitcoin Exchange Paxful Sees 20% 2018 Growth, Driven by Africa

Despite bitcoin's price volatility in 2018, P2P exchanges Paxful and LocalBitcoins each saw significant user growth in Africa.

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Blockstream Says New Satellite Allows For Bitcoin Payments Without Internet And Supports LN

Blockstream CSO Says New Satellite Allows For Bitcoin Transactions Without Internet And Supports LN The blockchain company Blockstream has leased the fifth satellite a few days ago. The main intention is to broadcast the Bitcoin blockchain to the Asia Pacific Region.

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TRON Releases Weekly Report: TRX Listed on 100 Exchanges, Reaches 159 Trading Pairs

Tron, led by its founder and CEO, Justin Sun recorded a number of key milestones, according to the Dapp weekly report published on Dec. 17th. Tron’s global expansion continues smoothly as the startup held its first Africa meetup in Nairobi, Kenya.

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Blockstream Satellite Now Means Most Of The World Can Use Bitcoin Without Internet

Blockchain technology company Blockstream revealed the second phase of its satellite-based Bitcoin communications project Blockstream Satellite this week. Satellite Coverage Expands To Asia Pacific Part of a plan to provide free private Bitcoin sending and receiving without the need for an internet connection, the company now provides satellite coverage of the Asia Pacific region, an accompanying blog post confirmed December 17.

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Blockstream Satellites Now Cover Asia Pacific, Send Messages With Lightning

While most crypto investors are shooting for the moon, Blockstream is focused on things a bit closer to Earth: in the outermost layer of its atmosphere, to be exact.

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Steady Rise in Small Businesses Accepting Bitcoin Payments in Kenya

Kenyan health services provider Health Land Spa has started taking BTC and other cryptocurrencies as a means of payment with a view to increasing accountability and averting losses. Across East Africa, cryptocurrency acceptance is on the rise, with at least two restaurants in Uganda and Kenya selling food for virtual currencies.

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ETHGlobal Hackathon Is Coming to Cape Town, South Africa in 2019

After six major hackathon events around the globe, ETHGlobal is bringing its event to Africa. The ETHGlobal Hackathon will debut in Africa between April 19 and 21, 2019 in Cape Town, South Africa.

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South Africa: Crypto Exchange Platform VALR Launched in Partnership with Bittrex

Farzam Ehsani, former blockchain lead at Rand Merchant Bank (RMB), has launched his new business initiative named VALR, reports Tech Central, on December 6, 2018. Based in South Africa, VALR is a digital asset trading platform which has been launched in partnership with crypto exchange trading platform Bittrex.

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P2P Bitcoin Marketplace Paxful Builds Second School in Africa with Crypto

Paxful has announced the completion of its second built school in Rwanda, funded entirely with crypto as part of their initiative #BuiltwithBitcoin. The Delaware-based peer-to-peer (P2P) Bitcoin marketplace built the school in partnership with humanitarian organisation Zam Zam Water, which saw over $100,000 in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dash donations.

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South African Man Hands $60k Worth of Bitcoin to Thieves After Being Tortured

A cryptocurrency trader has been targeted by a criminal gang in South Africa. After being kidnapped and tortured, the victim eventually handed almost $60,000 in Bitcoin, along with cash and various other gadgets on his person at the time.

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Man Tortured For His Bitcoin: 4 Ways to Protect Your BTC Funds

A Bitcoin trader from South Africa has reportedly been drugged, kidnapped, and tortured over his Bitcoin holdings. The assault happened after the man followed an invite to an anonymous presentation, highlighting the threats lurking on the internet.

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South African man hands thugs $60K in Bitcoin after heinous torturing

It seems cryptocurrency scammers aren’t afraid of using more old school tactics in order to extort Bitcoin from their victims. A man from South Africa was purportedly attacked for his Bitcoin by someone he met on Facebook, according to local news outlet, the Soweto Urban.

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Trading Platform Paxful Completes Construction for Second School in Rwanda

Children in the Rwandan village of Kasebigege are being given a greater chance to pursue a sound education as construction on a new school, developed by bitcoin marketplace Paxful, has been completed.

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Blockchain Technology Can Solve Africa’s Energy Problems

Despite the abundance of many forms of natural energy in Africa, including solar, wind and hydro, several parts of the vast continent still have no access to 24/7 interrupted electricity.  According to a World Economic Forum report on November 29, 2018, blockchain technology can fix the energy issues of Africa if well utilized.

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Coming Soon: Self-Sovereign Digital Identity for Refugees

Gravity Earth is a company that is helping refugees in Africa by introducing a blockchain-based platform that allows them to prove their identity which in turn can help them gain access to financial services.

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Malaysian MP ”Concerned About Threat” from Cryptocurrencies

Lim Guan Eng, the finance minister of Malaysia, has warned individuals and companies planning to issue new cryptocurrencies with a stern: “don’t do it”. Addressing parliament on Nov. 26, Guan Eng advised to wait for legal guidance from Bank Negara Malaysia, the southeast Asian country’s central bank.

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Law Firm: South Africa’s Draft Tax Law Could Affect Cryptocurrency Use

A South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports.

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Uganda To Introduce New Crypto Regulatory Framework As Increased Bitcoin Scams Plague Industry

Uganda—a mid-sized country located in East Africa is set to introduce a regulatory framework for cryptocurrencies whose aim will be to protect its citizens from being defrauded by the many crypto scams currently present online.

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Zimbabweans Use BTC to Pay for Food Hampers Amid Foreign Currency Crisis

Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system.

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Stellar (XLM) now available on UAE crypto exchange BitOasis

CryptoNinjas BitOasis, the Dubai headquartered bitcoin and cryptocurrency exchange serving the Middle East and North Africa today announced that Stellar Lumen (XLM) tokens are now available on the company’s digital asset trading exchange.

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Nigerian Startups Call for Cryptocurrency Regulation to Stem Investment Outflows

Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).

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Luno Crypto Survey Shows Malaysia, Indonesia and South Africa Outshine Europe in Bitcoin interest

Businesses generally forget that there is a whole new and untapped world in the developing economies. These markets are usually more attuned to their needs and wants in contrast to their counterparts in the developed world.

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Survey: South Africans Turning to Crypto as Hedge Against Volatility of the Rand

A survey by Luno, a London-based cryptocurrency platform, has revealed that a growing number of people in South Africa prefer holding cryptocurrencies such as bitcoin and bitcoin cash rather than the local fiat unit, the rand.

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Huobi MENA Introduces AI-Powered Hybrid Trading Platform

Huobi MENA, the global arm of Hubo Division for the Middle East, North Africa, and South Asian markets announced November 1, 2018, that it has teamed up with AI Trader, an artificial intelligence-based autonomous crypto trading system.

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Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful

Paxful Inc. , a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U. S. -based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.

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Buying Bitcoin In Africa: The Hustle Of Cryptocurrency Trading

When he heard about the prospect of a digital asset that had an ‘assured profit’ tag attached, Brenda Gatwiri knew she had to get herself some. Living in Kenya’s capital city, Nairobi, she hadn’t anticipated the headache that purchasing cryptocurrencies would turn out to be.

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Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts

A Brazilian court has ordered the reopening of cryptocurrency exchange Bitcoin Max’s bank accounts, which were closed without explanation by Banco do Brasil and Banco Santander in September.

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Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie that cryptocurrency mining poses a danger to the environment.

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HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.

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Cryptocurrency Exchange Huobi Plans to Expand Into Africa, Middle East, and South Asia

Mohit Davar, the co-founder of Huobi Mena, used the World Blockchain Summit being held in Dubai to reveal his company’s plans to further expand into less untapped markets in the Middle East, Africa, and South Asia; the company stated in an Oct.

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Report: Emerging Markets See Sharp Growth in Cashless Transactions

South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.

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African Cryptocurrency Exchanges Forced to Step up Security

Cryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world.

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ETF Debate Could Cause A Surge

The United States Security and Exchange Commission (SEC) has a few important crypto related decisions to make and is pushing back dates and causing a lot of distress in the blockchain and cryptocurrency communities.

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Binance Exchange to Replace Token Listing Fees With Donations

The popular Binance exchange has decide to replace its token listing fees with donations. The move follows a recent wave of strong criticism against cryptocurrency exchanges for the supposedly excessive fees they charge projects.

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WhatsApp Bitcoin Trading Is Exploding Due To African Crypto Exchange Issues

Some governments in Africa are starting to take hard measures against cryptocurrencies and companies in the industry. Regulators in Zimbabwe have shut down two crypto exchanges in the country with the intention to stop crypto-trading activities.

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Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal.

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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP.

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Bitcoin Trading Flourishes on Whatsapp Following African Exchange Closures

Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp.

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Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

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South African Startup Centbee Launches Bitcoin Cash Payments App

Centbee of South Africa has announced the launch of its bitcoin cash wallet app in beta, as adoption continues to grow in Africa and elsewhere around the world. Some shops in Kenya already accept bitcoin cash for purchases.

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[promoted] How Invictus Capital Is Reshaping the Landscape of Cryptocurrency Investing

One of the impacts of the rapid, global advancement of digital asset markets has been seasons of volatility and turbulence. This creates a challenging environment for even the most astute investors in terms of managing cryptocurrency portfolios and investment strategies.

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