One Bitcoin transaction uses 1449 kWh, roughly enough to power the average African Household for approximately 100 days
The European Commission suggested adjustments...
Bitcoin earned a Guinness world record 2023 recognition as the most valuable decentralized cryptocurrency
El Salvador received recognition as the first country to...
Gridless is working with small Kenyan hydroelectric plants, generating below 100KW
Gridless is making it possible for power generators to channel the excess...
Cryptocurrencies have soared in popularity in recent years. They have progressed from a speculative asset class into one gaining widespread mainstream acceptance. And it is not only individual investors who are interested; cryptocurrencies are finding use in various sectors, including tourism.
Yes, the tourism industry, like many others, has warmed up to these virtual digital assets. It has even spawned a new kind of enterprise, namely crypto tourism. Crypto tourism is a kind of tourism that focuses on cryptocurrency enthusiasts. Tourism provides packaged travel experiences payable for using digital currency or including lectures or seminars about cryptocurrency as part of the trip.
The introduction of CBDCs would have far-reaching consequences for decades for households, businesses, and the monetary system. If successful, CBDCs will usher in a new era of money. Nonetheless, it is still early days. It is still hard to tell.
No generally applicable best practices or standards will ensure CBDC issuance’s eventual success. On the other hand, a maturity evaluation might help the CBK make decisions on CBDCs. This position informed the CBK’s decision to seek feedback from the public on the applicability of a CBDC in February 2022.
El Salvador’s master plan included the launch of a Bitcoin volcanic bond; cryptocurrency-backed government borrowing
Just 6 months after it came into effect,...
Certainly, one of the most significant advancements in crypto history occurred on September 15, 2022, when the blockchain Ethereum completed a software upgrade known as “the Merge.” Ethereum’s historical transition from proof-of-work to proof-of-stake signalled the end of its decentralised ledger's energy-intensive, miner-based approach previously used in processing changes.
Despite regulatory uncertainties, crypto startups have continued to build themselves and provide clients with blockchain solutions. Leading nations such as South Africa and Mauritius have shown how a progressive approach toward cryptocurrency may be profitable. This is the kind of regulatory strategy that motivates others to follow suit. As regulatory agreements fall into place, the prospects become even more fascinating.
Africa is the next epicentre of crypto and blockchain innovation, as a new startup ecosystem forms to address the continent's most pressing issues. Africa has yet to properly realize the potential of blockchain technology, which is on its way to becoming a crucial component in the next digital revolution of the world economy.
However, blockchain has sprung onto the African Fintech (financial technology) landscape in the past two years as adoption has surged throughout the continent. Africa is fast gaining a reputation as the crypto-tech capital of the world. As a result, some of the most popular and stable cryptocurrencies exist in Africa.
Bridging the knowledge gap through crypto education is critical to ensure that future web3 experts come on board in ensuring that Africa and its citizens do not remain behind.
The Ethereum merger offers plenty for crypto investors to look forward to but will not generate instant benefits. Ethereum 2.0 will have to go through many phases to reach its full potential. Buterin said at the Ethereum Community Conference on July 22 that after the merge,' Ethereum would be just approximately 55% complete. The full Ethereum merge will occur sometime in 2023.
The Sango included opportunities to buy land, residency and citizenship
The constitutional court in the country ruled that citizenship did not have a...
The volatility highlighted by the recent crypto slump has had real-world effects, and the lessons gained serve as a reminder of why investors should...
