Tag Archives: cryptocurrency
cryptocurrency: Latest News
Peter Pedroncelli, 3:44 am
In the confusion and concern surrounding the potential for hyperinflation to heavily affect Zimbabwe, bitcoin has become a viable and popular means of transacting with regards to big ticket items, driving the price of the cryptocurrency on the local exchange. The price of bitcoin on Zimbabwe’s exchange, BitcoinFundi, was trading at a 85 percent premium at $7,200 per bitcoin on Wednesday.
Peter Pedroncelli, 6:12 am
Shoppers in Cape Town will, for a limited time, be able to use bitcoin as a payment method for groceries and services at a Pick n Pay supermarket store in the South African city. In what is potentially a world-first for a major supermarket chain, customers at Pick n Pay’s head office campus store in Cape Town will be able to use the bitcoin cryptocurrency for their purchases on a pilot basis.
Tom Jackson, 1:36 pm AFKI Original
Initial coin offerings are when a creator of a digital currency makes coins available for public purchase to raise money for a project. This is what South African Vinny Lingham recently did, raising $33 million in an initial coin offering run by his U.S.-based company Civic, which is building a digital identity verification platform. There are opportunities for investors in this space, but perils remain.
Lillian Mutiso, 6:30 am AFKI Original
The use of Bitcoin, a form of cryptocurrency that is not controlled by any central authority, is quickly growing across Africa, especially in money transfer services where Africans living abroad are always looking for cheaper ways to send money back home for investment and other needs. While there has been some resistance against the use of Bitcoin in countries like Kenya and in Nigeria, platforms dealing in the digital currency are on the rise across the continent as more people and businesses accept it.
Kevin Mwanza, 7:50 am
Ghanaian tech firm Ghana Dot Com (GDC) has established what it terms as the first cryptocurrency producing farm in Africa that it expects will add to the global Bitcoin pool. The company said it produced its first crypto coin in February 8 and hoped to add several Terahashes per second capacity in the course of the year. GDC plans to work with local academic institutions to build technical capacity in developing Blockchain applications in Ghana.
Kevin Mwanza, 9:38 am
Dogecoin, a Litecoin-derived crypto currency, just assisted Kenya in building wells. This was done through Doge4Water, a charity set up to help people in Kenya get clean drinking water. One of Dogecoin’s community members donated 14 million Dogecoins (worth about US $ 11,000 when exchanged) this see’s a record being broken, as the tweet is the most money ever donated or sent directly via a tweet.
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