The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Bitcoin, Lightning And Podcasting 2.0
Listen To This Episode: This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with long-time Bitcoin podcaster and advocate Anita Posch. Posch is the host of the fantastic “Anita Posch Show” where…
Russian Crypto Mining Companies Are Expanding Capacity as…
Crypto mining operations have been witnessing some changes within the industry in terms of locations. A recent interview with the CEO of the mining giant Bitriver, revealed that Russia is becoming a preferred hotspot for…
Nigeria and South East Asia led global crypto…
Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in…
Twitter Stock Jumps 20% Following Reports the Company…
Buoyed by reports that Twitter has been studying the possibility of adding bitcoin to its balance sheet, the company’s stock surged to a new 52-week high of $73.18 on Feb. 12. Before the surge, the…
2021 Crypto Market Stats Show a Number of…
During the end of 2020 and into 2021, a great number of digital assets have seen significant gains and the bearish season that followed 2017 has turned its course. Bitcoin touched an all-time price high…
Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment
Earlier today, Twitter CEO Jack Dorsey announced a partnership with hip-hop mogul and billionaire Sean Carter, aka Jay-Z, to create a Bitcoin development endowment focused initially on teams in India and Africa. JAY-Z/@S_C_ and I…
Blockchain Bites: Canada Approves Bitcoin ETF, Options Markets…
Editor’s Note: Welcome to the year of the Ox. Blockchain Bites will not publish on President’s Day, Monday, Feb. 15. Three stories Bull market buzz The first bitcoin exchange-traded fund in North America has been…
Central Bank of Nigeria Denies It Has Placed…
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is…
Blockchain Bites: Will Bitcoin See ‘Reflexive’ Buys After…
Sound bites Nic Carter argued that comparing bitcoin’s energy consumption to Visa’s is missing the forest for the trees. Bitcoin isn’t just a payments network, but a self-contained monetary system that proposes its own unit…
Paxful Celebrates the Real Reasons People Use Bitcoin…
Paxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, is celebrating the real reasons people use bitcoin everyday with a special $15,000 giveaway. The platform helps millions to have access to payments, e-commerce,…
Nigerian Youth Propels the Country to the Top…
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African…
Kenya Expects to Earn $46 Million as New…
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services,…
Ghanaian Startup Bitsika Africa Processed $40 Million in…
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief…
Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market,…
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75…
Brand New Protocol, DIGITALAX, Brings NFT Adoption Into…
DIGITALAX, a digital fashion focused NFT protocol on Ethereum, launched less than 2 months ago at the end of October and is already making headlines. It is the first NFT protocol to have its digital…
Nigeria’s Yellow Card Processes $165 Million in Crypto…
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances…
Historian Niall Ferguson Says Bitcoin Is Winning the…
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their…
Will Facebook’s Libra Launch in January? Experts Weigh…
Facebook’s Libra project has had a tumultuous life cycle so far. Just minutes after its launch was announced in June of 2019, regulators around the world began to protest the birth of the platform. As…
Bitcoin Rally Isn’t Just Institutional Driven, Emerging Markets…
Bitcoin very well has the potential to be the successor to the dollar and the next global reserve currency. For now, the store of value narrative and acting as a hedge against inflation has drawn…
Millionaires FOMO: 73% Will Own Bitcoin by 2022,…
Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to…
Akoin Cryptocurrency Launches in Kenya as Pilot for…
The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as…
$15.5 Million in ‘Sleeping Bitcoins’ was Awoken On…
On November 7th at 12:37am EST, observers on the Bitcoin blockchain noted that a number of Bitcoins were moved from a wallet that had not been moved since 2010. According to researchers from Btcparser.com, around…
Ripple opens regional office in Dubai following volatile…
According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC. The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website…
Bitcoin vs Gold: Where are Institutions Putting Their…
Analysts have long tried to imply a strong connection between Bitcoin and gold as safe-haven investments in times of trouble. In theory, this works, as both the crypto asset and the precious commodity are used…
Foreign Crypto Exchanges Like Paxful, Binance to Pay…
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency…
Nigeria Protest Group Asks for Bitcoin Donations After…
A Nigerian protest group called Feminist Coalition is asking well-wishers to make donations via bitcoin after authorities reportedly blocked the organization’s bank account. Feminist Coalition is one of the many groups spearheading protests against alleged…
Sats-Earning Platform Carrot Wants To Reward The World…
Of its many potential applications, bitcoin as a medium for rewarding microtasks is one of its most exciting. This implementation takes advantage of the technology’s natively digital qualities, its relative freedom from borders and its…
Emerging technologies can change the African financial landscape
Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development,…
Yield farmers make 500% returns, but most cant…
The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. Crypto market data…
Yield farmers make 500% returns but most cant…
The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. Crypto market data…
African traders least likely to fall for crypto…
Blockchain forensics firm Chainalysis has found that crypto traders in Africa are less likely to have sent tokens to, or received tokens from, known scam addresses than traders in other regions in the past year.…
Forex Strapped Nigeria Designates Crypto Assets as Securities
The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for…
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa…
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8…
Bitcoin Reddit Roundup – August 2020
Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links…
US Man Pleads Guilty in $722 Million Bitclub…
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man,…
Singapore Exchange to Bring Regulated Bitcoin and Ethereum…
Singapore Exchange Ltd (SGX) has announced plans to launch two new cryptocurrency indices. The iEdge Bitcoin Index, and the iEdge Ethereum Index, will bring certified price referencing to the Asia region. Head of Index Services…
Nigerian Crypto Startup Yellow Card Raises $1.5 Million…
Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent…
3.5 Million+ Crypto Wallets Downloaded in July, Active…
A record 3.5 million crypto wallet app downloads were recorded in July 2020, representing an increase of 81% when compared to the same period last year. In addition, the number of active users went up…
3.5 Million Crypto Wallets Downloaded in July, Active…
A record 3.5 million crypto wallet app downloads were recorded in July 2020, representing an increase of 81% when compared to the same period last year. In addition, the number of active users went up…
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and…
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a…
Big Brother Nigeria Housemates Participate in Bitcoin Quiz,…
Eighteen housemates of Nigeria’s version of Big Brother took part in a bitcoin quiz with each participant getting $500 worth of BTC as prize money. Big Brother Naija (BBN) reportedly agreed to this unusual step…
$6 Billion Akon City Underway: Akon Says Cryptocurrency…
The construction of Akon City, the $6 billion futuristic city that will function solely on the akoin cryptocurrency, is underway. Akon says cryptocurrency will empower Africans to overcome hurdles, such as high inflation and government…
Nigerian Crypto Activity Has Been On the Rise…
Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto…
North American Investors Vastly Favor Bitcoin Over Other…
Bitcoin (BTC) is the most popular cryptocurrency for trading in every region of the world, but North American investors are the cryptocurrency’s biggest fans, a new report says. On Aug. 6, major crypto analytics firm…
Bitcoin Reddit Roundup – July 2020
Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links…
Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African…
Amid the Crisis, a New Generation Is Ready…
As the world’s nations and financial institutions plan their recovery from the unprecedented economic upheaval in the wake of the COVID-19 crisis, more and more people are turning to digital assets. Cryptocurrency’s extraordinary resilience during…
Africa Posts Triple-Digit P2P Volume Gains in Three…
Peer-to-peer Bitcoin (BTC) trading has seen rapid growth in recent months, with the African continent now the second-strongest region in the world for P2P volume behind the U.S. Africa was the sole region to produce…
Akon City: $6 Billion Cryptocurrency City Set to…
Akon City, a “futuristic cryptocurrency themed city” founded by famous singer Akon, is ready to begin construction, with a plan to use the akoin cryptocurrency exclusively. Phase one of Akon City’s construction will include roads,…
Crypto Leaders on the Future of Bitcoin: Join…
The shock of the COVID-19 pandemic had a profound effect on the cryptosphere–most famously, perhaps, on March 12th, crypto’s ‘Black Thursday’, when the price of Bitcoin plummeted from nearly $8000 to under $5000 in less…
Ripple Suggests Regulatory Framework for India–And How XRP…
San Francisco-based cryptocurrency and software firm Ripple has proposed a policy framework for regulating the cryptocurrency industry in India addressed to Indian officials. The Most Diverse Audience to Date at FMLS 2020 – Where…
Blockchain Bites: Canaan’s Plunge, Revolut’s Control and Lightning…
Canaan Creative’s stock dipped below $2, its lowest price since the firm went public in November. Experts say demand for new mining equipment may have weakened after the Bitcoin network’s halving event in May. Meanwhile, the…
One Man’s Mission to Deploy Solar-Powered Bitcoin Nodes…
Look below at the map of public nodes on Bitcoin’s Lighting Network. Europe and the U.S. are filled with them. The rest of the world is an ocean of blankness with a few scattered islands.…
Search Interest for Bitcoin Highest in Africa and…
An interactive map showing the level of cryptocurrency interest worldwide reveals that Bitcoin searches are most concentrated in countries in Africa and South America. According to the map published at Blockchaincenter.net, Google Trends data shows…
Cointelegraph Research: Bitcoin Still Outperforms Stocks After Halving
Data published today from Cointelegraph Markets and on-chain data provider lookintobitcoin found that the Bitcoin (BTC) price remains well positioned as on-chain analysis and BTC’s reaction to global events continue to play to the crypto…
Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain…
During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster…
Africa Is Experiencing a Crypto Renaissance
Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption. A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana,…
African P2P Volume Beats Out Latin America for…
African peer-to-peer, or P2P, Bitcoin (BTC) trading volumes have continued to increase, with the continent posting its third-consecutive all-time high for trade activity. Africa’s surging volumes come amid a plateauing in global P2P trade, with…
South Africa Leads Crypto Revolution in Africa –…
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians…
Blockchain Bites: Coinbase and BlockFi Make Big Hires,…
UPDATE (May 6, 17:15 UTC): This article has been updated to clarify that the claim about Tron receiving a pandemic relief loan originated from the project's WeChat channel. Justin Sun's Tron platform claims to have…
Blockchain Bites: Coinbase and BlockFi Do Some Major…
Justin Sun's Tron platform successfully applied for a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit…