Bitcoin for Dummies: All You Need to Know About Bitcoin?

The Bitcoin network is peer-to-peer. Also, transactions occur between users directly, without an intermediary. You can use your Bitcoin almost anywhere! Just like traditional currency, you can use your bitcoins at online stores, and physical stores, and even pay for items in person. What is Bitcoin? Bitcoin is a cryptocurrency and global payment system introduced by a mysterious person/persons known as Satoshi Nakamoto. It was first released as open-source software in 2009 and since then, its network has grown to become the largest blockchain network in existence. It works without…

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Hong Kong Gives Greenlights for its First Bitcoin, Ethereum Spot ETFs

Hong Kong, on Monday, approved several spot Bitcoin and Ethereum exchange-traded funds(ETFs), the latest development in its quest to become a major cryptocurrency hub. The Hong Kong Securities and Futures Commission (SFC) officially granted these approvals to China Asset Management (Hong Kong), Bosera Capital, and HashKey Capital Limited, as well as an in-principle approval for Harvest Global Investments. “The introduction of the Virtual Asset Spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong’s status as an international financial center and a hub for…

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Nigeria, South Africa, and Kenya Lead the Way as Africa’s Most Crypto Nations

Nigeria remains the undisputed king of crypto in Africa with far and away the highest number of crypto users/holders in all the continent. Interestingly, Africa’s four powerhouse economies are the four countries with the most crypto holders – Nigeria, SA, Kenya, and Egypt, respectively. Bitcoin continues to hold or maintain a respectable valuation and is currently the brightest of all cryptocurrencies. The world is still going crazy for virtual currencies and Africa, the leapfrog continent, never to be left too far behind, has emerged as a crypto haven. Interestingly, the…

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AFRICA: UN Trade Body Cautions Developing Countries Against Cryptocurrencies, Here is Why!

According to the UN, there should be a need to regulate cryptocurrencies in Africa, exchanges, digital wallets, and decentralized finance. Countries should also prevent regulated financial institutions from holding cryptocurrencies which include stablecoins or offering related products to clients.  Cryptocurrencies in Africa are growing at an exponential rate. As this signifies the dawn of new financial technology on the Continent, the United Nations think otherwise. According to the UN Conference on Trade and Development (UNCTAD), if cryptocurrencies become a widespread means of payment and even go as far as replacing…

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Render Token to Hit $500? Unveiling the Potential Rise of Render Token and Factors Behind Its Growth

According to analysts, Render has a lot of potential, and could go as high as $500, especially with its circulating supply of 381 million. Render (RNDR) token has emerged as a promising contender in the crypto space, boasting the potential for a substantial rise in value. It remains one of the few coins that surged by at least 700% last year (2023) with an overall Return on Investment (ROI) of 25,774%. Currently, its price is $10, after surging by 146% in the last 90 days, and 112% from year-to-date. Just…

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Bitcoin Could Hit 200k, Double Digits for XRP after Next 2024 Halving in April?

Bitcoin halving

Bitcoin halving – In technical analysis, we understand that the prices of cryptos can be predicted by observing and analyzing charts and patterns or historical price behaviour. The next Bitcoin halving event is estimated to take place on April 17, 2024, and from the previous history, BTC, XRP, and the rest of the crypto investors could smile again. Interestingly, Bitcoin, for the first time, breached its all-time high price before the halving event after hitting $73k. In this article, I will explain why the digital asset could go as high…

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The Monetary Authority of Singapore announces new crypto regulations – Will it Affect Market?

Under the new regulations, customer digital assets must be segregated from the service provider’s assets, offering an enhanced safeguard against the risks of misappropriation and insolvency. A key feature of the updated guidelines is the requirement for service providers to store 90% of customer assets in cold wallets, which are not connected to the internet, thereby significantly reducing the vulnerability to cyber theft. The Monetary Authority of Singapore (MAS) has announced the implementation of new financial regulations targeting the cryptocurrency industry. The new regulations will enter into effect starting from…

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United States Government transfers $130 million in seized Bitcoin to Coinbase

US government moves $130million worth of Bitcoin to a Coinbase wallet. The United States government has reportedly moved approximately $130 million worth of Bitcoin to the digital wallet of one of the biggest crypto exchanges in the world, Coinbase Global Inc.  The latest development comes after the United States government announced in January, that it was going to offload almost $2 billion worth of Bitcoin, confiscated from the now-defunct dark web marketplace, Silk Road, as part of an “expected eventual liquidation of the seized assets.” Initial reports stated that the…

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Bitcoin Mining. 7 Steps to Mine Bitcoin in Africa

This article walks you through the most important things to know before mining Bitcoin in places like Africa. Bitcoin mining is a very complicated process, and in this article, I will walk you through some of the things you need to know. Before then, let’s take a brief look at what Bitcoin mining is. What is Bitcoin Mining? Bitcoin mining is the process through which new transactions are verified in the Bitcoin digital currency ecosystem. It can also be defined as the process through which new Bitcoin enters into circulation.…

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Global Luxurious Hotels That Accept Cryptocurrency Payment in (2024) 

There are numerous advantages that characterize the use of cryptos, especially for guest who visits these hotels and resorts.  Quite a several luxurious hotels all over the world are offering guests the chance to make payments with cryptocurrencies. Some of the luxurious hotels that accept crypto payment are; The Pavilions Hotels and Resort S Hotels and Resorts The Chedi Andermatt The Kessler Collection The Pavilions Hotels and Resort The Pavilions group has about 14 locations around the world including properties in the Himalayas, Bali, Phuket, Mongolia, and, Niseko in Asia…

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