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Monday, August 10, 2020

Telegram quits Cryptocurrency

Telegram is officially calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” writes Pavel Durov, founder and CEO, in an announcement on his channel. #Telegram is officially calling it quits on its crypto-focused subsidiary, Telegram Open Network...

Why 2020 will be a big year for crypto

2020 is going to be a big year for crypto. The “Crypto Winter” of 2018/2019 flushed out much (but certainly not all) of the nonsense, and the market has significantly matured over the last few years. In 2020, I expect accelerating crypto asset adoption, and...

CBN: we cannot recommend crypto currency usage now

The Central Bank of Nigeria (CBN) has said it acknowledged the existence and usefulness of crypto technology but hasn’t taken any official position on it. Its Chief Information Security Officer, Rakiya Mohammed, who spoke at Secure Enterprise 2019 organised by IT and T Solutions Ltd,...

Multinationals like Facebook want to wrestle control of the monetary system away from nation states

Facebook improving payments is likely only the start of what’s to come with currency In the beginning, there was Bitcoin. First proposed by the anonymous Satoshi Nakamoto in 2008, the first Bitcoin was created, or mined, in January 2009, before 4K TV, before Snapchat,...

OneWattSolar seeks to Tackle Nigeria’s Electricity Crisis Using Blockchain Technology

OneWattSolar,a solar startup company is willing to create affordable solar energy for Nigerians with the use of virtual blockchain tokens. This move by the company will remove the over-dependence of generators in the country. Decentralized Technology Paving the Way for Solar Power A Lagos-based blockchain renewable...

Quidax educates Nigerians on cryptocurrency, blockchain

Quidax, a European based cryptocurrency exchange company has said it’s in Nigeria to educate and increase the level of understanding cryptocurrency and blockchain in Nigeria. In a presentation at the Abuja Blockchain and Artificial Intelligence Roundtable (ABAR), Buchi Okoro, Chief Executive Officer of...

Akon diversify his fortune into cryptocurrency

Akon is channeling a chunk of his fortune into cryptocurrency sector in Africa and it's huge. AKoin is strategically built by Akon to create benefits for those on African soil, disadvantaged by political and social circumstances. African-American singer, Akon is channeling a chunk...

Blockchain breaks into Kenya’s $20 Billion Informal Economy

Janeffer Wacheke’s fresh-vegetable stall in Nairobi uses technology that’s helping crack a problem Kenyan banks have so far failed to solve -- measuring the creditworthiness of traders in the country’s $20 billion informal economy. The 40-year-old mother of two is among hundreds of small-scale...

Crypto Wealth Sinks $45 Billion in One Week

By Andrea Tan and Blake Schmidt Virtual currencies are falling despite Blockchain Week hype Bitcoin drops below $8,000 for first time in more than a month So much for the Blockchain Week bounce. With thousands of cryptocurrency diehards swarming into Manhattan for this week’s Consensus 2018...

Oracle tragets Nigerian Expansion with Blockchain Products

Oracle Corp. will unveil its blockchain software starting this month to help government of Nigeria, which has sought to document customs and import duties on blockchain. The US based company is joining the growing list of companies offering products that use the digital-ledger technology...
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