Tag: bitcoin

Kenya’s Boxlight Electronics is the first to accept Bitcoin payment in Kenya

Kenya’s Boxlight Electronics is the first to accept Bitcoin payment in Kenya

Business
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...
U.S. DoJ launches criminal probe into bitcoin price manipulation – Bloomberg

U.S. DoJ launches criminal probe into bitcoin price manipulation – Bloomberg

Cyber Security, Internet, Mobile
(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.
CS Mucheru urges Kenyans to plug into digital currencies and buy bitcoins

CS Mucheru urges Kenyans to plug into digital currencies and buy bitcoins

Business
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
BitPaya would help you trade Bitcoin and Ethereum in Nigeria

BitPaya would help you trade Bitcoin and Ethereum in Nigeria

Business
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
New Bitcoin Exchange launched in Kenya

New Bitcoin Exchange launched in Kenya

Business
Belfrics Global Pte Limited, a Malaysia based bitcoin technology provider has announced the launch of its bitcoin exchange in Kenya. With this launch, Belfrics is now available across three markets including India and its international-based exchange located in Singapore. Belfrics intends to capitalize on the growing demand for its services in Kenya, which is one of the top markets on the African continent. Belfrics Kenya will offer exchange services in addition to other digital services revolving around the Blockchain.The company also provides a POS system and payment gateway for merchants to accept bitcoins as payment, enhancing their scope of business. The rise of this digital cryptocurrency and the underlying technology, the Blockchain, has also brought with it many invest...