A lot of analysts today consider Bitcoin as a solution to a lot of problems in Africa. According to Bitcoin Magazine, the solution covers mainly with remittances to Africa where charges by major money transfer operators such as MoneyGram and Western Union are overly expensive. Also, The Cointelegraph mentioned a number of problems including Nigeria’s economic difficulties which may be solved by international employment, expedited by Bitcoin wages. They also mentioned corruption which may be solved by using smart contracts, such as those implemented by Ethereum. With these areas which we may find Bitcoin useful, there will be a big jump in Bitcoin adoption in Africa.
Today, Canada is one of those countries that has great involvement in the blockchain technology. A number of new fintech startups and blockchain ventures continue to grow apace. Even the government shows great interest in making the country as a center for global fintech or blockchain technologies. Canada’s central bank also showing the same through conducting experiments with the blockchain and cryptocurrencies.
When it comes to regulatory supervision, Bitcoin has been criticized due to its lack of aid for fraudulent transactions. With the cryptocurrency’s anonymity feature, consumers find it hard to trust other participants in a Bitcoin transaction.This has led to an idea for Nadav Ivgi, a programmer and Bitcoin supporter, to build a Bitcoin startup that intends to render consumer protection and fraud prevention mechanisms for Bitcoin and other cryptocurrencies.
Recent debates about Bitcoin’s scalability and the block size are making drama in the bitcoin community lately. “Mastering Bitcoin” author, Andreas Antonopolous urges bitcoin users to not be distracted of these dramas, but instead focus on what the technology can do more which is its most important attribute. Antonopolous voiced this message out through an interview by Trace Mayer.
Bitcoin started the year memorably keeping up a strong price rally ever since the last year. Most price indices and exchanges shows a $1000 mark at the first day of the year and at this time of writing, Coindesk BPI shows bitcoin price at $1045.34. It started at a less than $500 price at the start of 2016 and rose at a rate equivalent to a 3 year increase at the start of 2017. This event gained bitcoin an extended mainstream media attention in Belgium, Netherlands and South Korea.
As part of digitalizing itself, the multinational accounting firm giant Ernst & Young will now be the first of its kind to be accepting Bitcoin payments for its services.
Starting this January 2017, Ernst & Young Switzerland clients will be able to use the world’s most prominent cryptocurrency Bitcoin as payment for the consulting and auditing services offered by the accounting firm. This was announced November 25, 2016 and has come about after a number of Swiss organizations joining the Bitcoin revolution. Further with this decision, EY aims to strengthen Switzerland’s position as a center for the digital economy including other provisions in the progress of the blockchain technology.
Do you want a Bitcoin wallet, a debit card, an exchange and a merchant payment tool? You have it all-in-one at CoinsBank.
CoinsBank offers a variety of blockchain services online. It is a one place to go for all of your Cryptocurrency needs. It is a practical option having all those services in just one account log in. Aside from having those services, they also offer real-time price information of the cryptocurrenciesthey support through their analytic tools and charts. Currently, they offer services to all Bitcoin and Litecoin users only. Also, all of the services they offer are accessible through your smartphones or mobile devices with full functionality as the desktop client.
The TV show features a number of young women who will compete with each other through votes. The girls will show talents and performances in attractive costumes. The viewers can support their bet girl through buying the girl’s personal tokens or coins called ‘Torekabu’. ‘Torekabu’ is a combination of two Japanese words ‘Toreka’, which means trading cards and ‘Kabu’ which means stocks and shares. The tokens can be purchased through Counterparty, Zaif exchange, Bitcoin and XEM. The price of the coins of each girl varies depending on the popularity of the contestant.
There are different types of Bitcoin wallet and they vary in security and accessibility. The most commonly used are wallets available on the web and can be accessed through your personal computer or your mobile devices. However, there have been a number of security scares with online wallets which lead to the need for more secure and safer alternatives. Developers then designed wallets that are operable offline and such are desktop and hardware wallets. These types of wallets are also called as offline wallets.