Cryptocurrency Exchanges are Regulated Banks in South Korea

South Korea’s government has just officially recognized cryptocurrency exchanges as regulated financial institutions and banks. This is a major milestone for the cryptocurrency sector, as it enables large-scale trading with support from local authorities. Historically, South Korea has long been at the forefront of cryptocurrency adoption and has floated the notion of regulating the cryptocurrency sector. Although this has previously …

Block Chain Africa: A look at Crypto Africa Related Projects and Start ups

Lately, the African continent had been making news with cryptocurencies. There are many Cryptocurrency projects and events holding in Africa.  We are going to look at some major events that  are worth mentioning in the crypto Africa community. Let’s   get started Golix Not Just A Zimbabwean Cryptocurrency Exchange The first cryptocuurency exchange in Zimbabwe had made the headlines on Crypto …

What is Bitcoin?

Bitcoin is the first cryptocurrency that was introduced in 2009.Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin is thus a form of digital currency that is created and stored electronically used for the exchange of goods and services the same way fiat money such as the dollar,FCFA,Euro,Naira,pounds …

GLX Token Sale: Golix Launches ICO in Africa

Official Statement from Golix: As part of our strategy, starting from Friday, June 1, people in Kenya, South Africa and Uganda will be able to start trading from Golix. This is one of our plans to be the leading exchange in Africa, which is inspired by the vision to provide financial autonomy in the continent Golix has decided to re-launch …

Golix Exchange To Operate in Kenya, Uganda and South Africa

Golix had been making news in African Cryptocurrency news this month. After the news update on the case with Golix and the Reserve Bank of Zimbabwe, Golix has decided to expand its services to other African countries. Uganda,Kenya and South Africa will soon benefit from Golix services. Golix is the firs Cryptocurrency exchange in Zimbabwe. The Official statement from Golix …

Bitcoin Ransom: 13 Years Old Kidnapped in South Africa

Reports reaching us says a 13 year old boy was kidnapped in South Africa. The kidnappers left a note demanding $123,000 worth of bitcoin for his release.                                  The Note from the kidnappers “This is a kidnapping … We demand ransom of 15 bitcoins to be paid into the below bitcoin wallet address to secure your child’s safe release – …

How The Risk in Bitcoin May Lead to Company Failures

How The Risk in Bitcoin may lead to company failures? There are a lot of talks about the crash of bitcoin. If this happens it will affect several companies existing today mostly in the finance and computer sector. Lets take a closer look: If this happens, the the stock market will be affected as some companies had begun the trading …

Zimbawe High Court to Reverse Reserve Bank's Ban on Cryptocurrency Trading

Some days back we announced the introduction of a  bitcoin ATM by Golix  the major bitcoin operator and exchanger in Zimbabwe.  This coupled with other advantages associated with bitcoin/cryptocurencies triggered many people to use bitcoin for their transactions.  It was a boost to bitcoin enthusiast,the Zimbabwean community and  Golix the top Cryptocurrency exchange in this Country.   It was not …