Stablecoin is the new set of digital currency gaining traction in the cryptocurrency ecosystem. To tackle the wild volatility of the cryptocurrency market and achieving mainstream adoption, the rise of stablecoin has exploded. The term stable coin may seem new to many investors, crypto traders, and blockchain enthusiast, this guide, however, attempt to introduce you to the concept of stablecoin and how they work What Are Stablecoin Stablecoins as the name suggests, are cryptocurrencies that attempt to…
With the United States midterm elections making headlines around the globe, the crypto community has had reason to join in the celebratory frenzy as three new crypto-friendly governors have emerged; with two other past governors also maintaining their seat. According to data made available by the Digital Asset Trade Association (DATA); a blockchain advocacy group which had sent surveys to most gubernatorial candidates in a bid to assess their blockchain-friendliness, results prove that three new…
Binance Uganda, the recently launched subsidiary of popular cryptocurrency exchange – Binance, has hit a milestone just few weeks after the October 24 opening of its first fiat-to-crypto subsidiary in Uganda, East Africa. Despite a general decrease in global cryptocurrency entrants this year due to waning coin prices, the nation of over 43 million seems to have nationals buzzing in the cryptocurrency sphere. This revelation is in contrast to fiat statistics which show that three…
Bithub Africa, a Kenya-based blockchain and cryptocurrency startup is studying the use of off-grid solar power to mine Bitcoin and Ethereum. Speaking on its proposed operations, John Karanja CEO and founder of Bithub Africa expressed his optimism regarding their mining operations which he hopes will spread the technology to other parts of the continent. In his words, Mr Karanja quipped: We are using solar energy in a similar manner to traditional power sources, to test…
With the increasing interest in cryptocurrency and its underlying blockchain technology, there’s also a need to educate and equip people with necessary information on how this innovative technology works. Interestingly there are several books written to meet this demand. If you are a developer, investor, trader, entrepreneur, enthusiast or a novice and you want to learn more about cryptocurrency and how the technology behind it work, there several books available that best suits each category.…
Bitcoin Birthday- Today marks Ten years (Halloween 2008) when Satoshi Nakamoto published the famous white paper that gave birth to Bitcoin. On this day in 2008, the future of the financial system based on digital currency was drafted. Satoshi proposed a decentralized system and titled his white paper; “Bitcoin: A Peer-to-Peer Electronic Cash System”. In his paper, Satoshi remarked: I propose a purely Peer-to-Peer version of the electronic cash system which would allow online payments to…
Sony, the Japanese technology giant has announced its creation of a multi-application contactless cryptocurrency hardware wallet. According to developers at Sony Computer Science Labs (SCSL), the device will utilize IC smart card technology to communicate with Bitcoin (BTC) or other cryptocurrency networks. A basic plus to the Sony wallet is its ‘contactless’ feature. By this feature, Sony discarded the common crypto hardware USB to host device feature and launched a totally independent hardware wallet which…
Trezor, popular cryptocurrency hardware (physical) wallet has announced an upgrade to support in-wallet coin exchanges on its device. Prior to this time the Trezor Wallet and indeed most hardware wallets were solely for holding or storage of digital assets (cryptocurrencies). However, with this new feature added on Trezor Model T, users of its hardware wallet can now directly exchange one coin for another within the wallet interface. According to an official publication its page,…
Lightning Network- Technological advancement has overtime formed the core of all key spheres, with a constant upgrade of existing technology to portray new findings, address flaws or lags and incorporate new features all aimed at providing end users maximum utility through adoption. An Insight The cryptocurrency sphere has in recent times seen lots of technological upgrades with emerging products across niches amid calls for improved services by investors, developers, miners and end users. Most paramount herein…
Bitfinex, British based crypto exchange has temporarily paused EUR, USD, JPY and GBP fiat deposits on all trade accounts linked to its platform; although customers believe trade will normalize within the week. Last week, online rumours had surfaced claiming that Bitfinex exchange is ‘insolvent’ especially as its banking partner Noble Bank International had been put up for sale; a report which the exchange representatives described as fictitious while denying the claims. According to their publication in…