Participants at the eNaira Hackathon were informed that the CBDC would become more appealing and accessible as a result of technological advancements. According to Nigerian Central Bank governor Godwin Emefiele, who was speaking at the 2022 eNaira Hackathon in Abuja on Thursday, the eNaira, the country's central bank digital currency (CBDC), would enter the second […] The post...
Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.This is an opinion editorial by Emeka Ugbah, host of the “Bitcoin This Blockchain That” podcast based in Rwanda.Imagine that you are nursing a cup of caffé mocha in a coffee shop in Lower Manhattan. Then you overhear this African-looking...
Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for Africa.Nigeria is a unique country in West Africa, geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18%, and money debasement is...
President Faustin-Archange Touadéra received Changpeng Zhao to discuss bitcoin and crypto. The meeting of the minds happened on Friday and there’s not much public information about what actually happened. The Binance CEO has been meeting African presidents recently, so it only makes sense that he visited the first nation to make bitcoin legal tender in the continent. 1/ Impressive meeting today and an...
Accelerating Bitcoin adoption, and therefore financial inclusion, in Africa means offering Lightning access through lower-tech phones.This is an opinion editorial by Heritage Falodun, a Bitcoin analyst and computer scientist based in Nigeria.Expanding Bitcoin adoption across the African continent won’t only come through bitcoin its...
True to their history as an uncolonized people, Ethiopians are more determined than ever to build sovereign value through principled education and civic action.This is an opinion editorial by Kal Kassa, the head of business development at hoseki and an Ethiopian Bitcoiner.Various multinational institutions are failing to complete their intended missions and objectives. Institutions like...
Surging general interest in Bitcoin, ideal energy sources and other facts make Africa an ideal region for growing bitcoin mining operations.Mining headlines are typically filled with mentions of North America and...
Set to grow into an economic powerhouse over the next few decades, Africa will benefit greatly from investment into Bitcoin education.This is an opinion editorial by Ray Youssef, CEO of Paxful and cofounder of the Built With Bitcoin Foundation.Global wealth inequality is growing around the world. With inflation, conflict and the pandemic forcing many into extreme poverty, the top 1% are...
₿trust has located the founding member for its new cohort designed to locate and educate new developers in the Bitcoin ecosystem, beginning with Africa.₿trust is locating, educating and paying new Bitcoin developers in Africa to decentralize contributors around the world. The non-profit has identified its founding member who will focus on custody solutions empowering Africans to hold their own...
The rate of digital currency adoption in Kenya is unlike any other country in Africa. The United Nations reports that Kenya has the highest proportion of its people holding cryptocurrencies in Africa, highlighting the country's exposure to the unfolding digital currency market crash. According to a research done by the United Nations Conference on Trade and Development (UNCTAD), around 4.25 million Kenyans, or...
Bitcoin is financial technology that enables real progress for countries that traditionally suffered at the hands of the fiat system.This is an opinion editorial by Renata Rordigues, global community and education lead at Paxful. Bitcoin is empowering millions across the world to become sovereign entrepreneurs. After visiting neighborhoods in Nigeria and Colombia, I found people taking power back...
A recent event hosted by Qala in Nigeria underscored the opportunity in Africa to leverage Bitcoin development for a brighter future.“Bitcoin for Africa, by Africans” was the key theme at the Qala Bitcoin developer offsite event held earlier this month in Lagos, Nigeria. And that theme, as well as the event itself, spoke to one of the...
Zimbabwe, currently faced with incredible inflation and tough sanctions, could massively benefit from increased adoption of the open network of Bitcoin. The Small Steps To Resilience...
More than a year since Nigeria banned bitcoin services, its SEC has released updated regulations. Will the bitcoin market be affected?An order from the Central Bank of Nigeria (CBN) barring financial institutions from servicing cryptocurrency transactions, effectively “banning Bitcoin” in the country, withstands...
The Oslo Freedom Forum offers another way to measure the bitcoin network’s worth. Price action is fine, but, what about real-life impact? The event is not about bitcoin per se. However, The Human Rights Foundation’s Chief Strategy Officer, Alex Gladstein, put together a series of one-minute clips that summarize exactly how deep bitcoin’s existence changes everything. Let’s read what...
Aella, an African mobile banking platform, has teamed up with Creditcoin Network to incorporate its transactions into Creditcoin's public blockchain in order to create a transparent credit history. All credit transactions related to Aella will be documented on the Creditcoin blockchain, making them simple to audit and viewable through their block explorer, according to a […] The post...
Bitcoin advocates have visited the Central African Republic and offered advice on how the country can best adopt BTC as legal tender.The Central African Republic (CAR) shocked the world when its president announced that the country had adopted bitcoin as legal currency.While some assumed that...
Renewable energy potential, wide adoption and deflationary fiat make Nigeria the perfect home for extensive bitcoin mining operations.This is an opinion editorial by Heritage Falodun, a software engineer and co-host of the “Bitcoin In Nigeria” podcast.The aim of this work is to give a brief, concise but insightful elucidation around the economic meltdown and environmental degradation in Nigeria,...
The Bank of Uganda has advised members of the Blockchain Association of Uganda to understand more about cryptocurrency sector. The bank has stated that it will be glad to work with crypto platforms in its forthcoming Regulatory Sandbox. It referenced a meeting between both parties early last month in a letter addressed to Kwame Rugunga, the Blockchain Association of Uganda...
Bitcoin’s attributes leave it well-positioned to help facilitate an end to a genocidal war in Ethiopia.This is an opinion editorial by Michael Abraha, a contributor to Bitcoin Magazine.As the world has quickly shifted its attention to Ukraine, the ongoing genocidal war in Tigray, Ethiopia, has continued for almost 17 months. This underreported war hasn’t seen much time in the mainstream...
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