The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum. “The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in a Sept. 8 interview with Bloomberg at the Ethereum Industry Summit conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.” Vitalik Buterin Photographer: David Paul Morris/Bloomberg Growth in Bitcoin and other cryptocurrencies in the blockchain community through its first six or seven years was dependent on mark
Cryptocurrency burst in the mainstream when the price of one bitcoin (BTC) reached a new all-time high of $19,783.06 spurring a massive worldwide interest in the blockchain-supported technologies. Like betting, the Cryptocurrency craze has caught up with Kenya and is exciting discussions among citizens who are now putting millions of money at stake in a potentially high-reward gamble. Notably, a recent research by Citi notes that Kenya is among the few countries in the world with the highest per capita holding of Bitcoin. As it stands now, there is no denying that cryptocurrencies have come a long way and a variety of businesses both online and offline are now accepting bitcoins as payment. Such popular worldwide stores include Microsoft, overstock, Newegg, Dell among others. In Ke...
(Reuters) - The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday. The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter. Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added. Neither the Justice Department nor the CFTC were immediately available for comment.
Though the Central Bank wants Kenyans to see digital currencies such as bitcoin and ethereum among others as volatile and high risk. The ICT Cabinet Secretary, Joe Mucheru is urging Kenyans to embrace them and plug into the digital currencies and buy bitcoins as those who invested in them have reaped big benefits. “As a leader in mobile money, we cannot afford to be left behind in this digital economy”, he said adding that the government’s agendas of housing, healthcare, manufacturing and food security will be driven by ICT. The CS was speaking during the launch of the Nairobi Innovation Week 2018 and Nairobi Innovation Week Road Map 2025 in Nairobi. “I urge you all to support business startups and support the University of Nairobi in building the startup ecosystem in t
No doubt, cryptocurrency is on a major rise in Nigeria, Africa and the world. Many people have turned their attention to this “gold mine” whose value is on an upward spiral. But then, there has always been a problem on trading in cyptos for Nigerians. Now this is where BitPaya comes in. Bitcoin and Ethereum are like the two most popular and traded cryptos in the world, and new platform BitPaya is bringing ease to trading with them. On the BitPaya platform, you can trade Bitcoin and Ethereum with extreme ease in Nigeria. According to a press release by the founders, “The importance of cryptocurrency cannot be over emphasised, its clearly the future of money and it has come to stay for as long as anyone can imagine.” They noted that “Buying Bitcoin and Ethereum has been a challeng