Uganda

Auto Added by WPeMatico

Poor Internet Access Could Slow Down Cryptocurrency Growth In Africa

by

Africa is often lauded as the next big thing for cryptocurrency adoption and development. But could poor internet access and connectivity slow down progress? A new report by the International Telecommunications Union (ITU) shows that it will cost $450 billion to connect 1.5 billion people – most of them in Africa – to the internet. … Read more

Africa and its Antiquated Banking: Cryptocurrencies The Solution?

by

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning … Read more

Crypto Exchange Binance Expects up to $1 Billion Profit in 2018

by

Leading cryptocurrency exchange Binance expects a net profit of up to $1 billion USD this year. The trading platform has already registered about $300 million of revenue in the first half of 2018 and a five-fold increase in the number of users. The data demonstrates a serious growth for Binance which is taking steps to … Read more

Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa

by

Crypto exchange Golix is entering three other African markets in an effort to survive the ban imposed by the central bank in its home country – Zimbabwe. Moreover, the troubled trading platform claims the move is part of a strategy to offer its services across the whole continent. Golix says the shortage of infrastructure has … Read more

This Week in Bitcoin: Digital Money Makes the World Go Round

by

This week we saw that despite most countries being less open to cryptocurrency as Japan, this amazing innovation continues to fascinate the whole world. This was evident in stories from all over the globe that were covered in this week’s daily editions of Bitcoin in Brief. Also Read: Devere Group Adds Bitcoin Cash and EOS to … Read more

Bitcoin in Brief Friday: Expanding Horizons in a Bearish Month

by

With banks in Europe, America and Asia doing “everything to crush cryptocurrencies,” Binance CEO CZ says Africa can become a leader in their implementation. The major crypto exchange is thinking about opening an office in Uganda and we have covered the story in today’s Bitcoin in Brief. Also, online trade with cryptos spikes in Bahrain, … Read more