Articles by "Blockchain"
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Hillary at 11:42 46


Yesterday 9th of September the CEO of Luno Marcus Swanepoel announced on their blog that their brand has been acquired by the Digital currency group (DCG). DCG is one of the most prolific global enterprises that invests and supports crypto companies all over the world. It was founded in 2015 by Barry Silbert, an early investor in the early years of crypto.  DCG is backing more than 150 companies globally including Ripple and Coinbase.

Swanepoel revealed that DCG and Barry was an early investor to Luno in 2014.  Speaking about how it happened he said: “When we started Luno, we certainly did not set out to sell the company. We always valued our independence and unique culture, and have fortunately always had strong growth in all the countries we’ve launched, allowing us to continue to be in a very strong financial position to this day. That said, as the industry has evolved over the past few years, it became clearer to me that the most effective way to upgrade the world to a new, better financial system - at scale - is by having a company and business model that is deeply integrated across the entire industry and value chain, and importantly also one where these parts are able to maintain their own identity and brand whilst ‘loosely coordinating’ between one another. There is only one crypto company in the world that has managed to lay the right foundation for this, and that is DCG. So when the opportunity came up to become a fully-fledged part of the DCG family, we took the opportunity without any hesitation.”

This only coming weeks after Luno announced a global 5 million customer base and a move to Sydney. Luno has been growing faster and has positioned itself as one of the top crypto exchanges in the African Market. With the Increase in crypto Fraud and hacking in the Global community, they have still maintained a high level of security in keeping their customer’s money and crypto safe.

The CEO explained that this move will help them achieve their goal of hitting 1 billion customers globally. Even with the move, Luno will continue to run independently and with its co-founders and team. Also, the customers need not fear a major Change that will affect them, because it will still be business as usual.

Barry speaking on an interview on CNBC said he had watched Luno grow from a company of 5 people to more than 400 people, 5 million customers all around the world, and with this acquisition, Will get to accelerate the growth and bring it to people all over the globe.

The coronavirus pandemic helped the Crypto Market this year as an accelerant to the next level it needed to boom. There was a lot of awareness, a lot of engagements, and people leaning towards cryptos as an alternative investment and payment system.
This is a win for the crypto market in Africa because this move will help quick Global payments and transactions between continents. Since Luno is a leader in the emerging market. We may be witnessing a time without restrictions and financial boundaries. Be ready.

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Hillary at 16:11 82

It is becoming common every day to see smaller exchanges opening physical stores to trade Cryptocurrency as well as gift cards in Nigeria. Nigeria, Africa’s largest economy is recording a high level of progression from the use of crypto. In a country where a lot of people are deemed to be scammers, and in which many of the online scams happen through digital currencies. And yet, people are not deterred. Since the increase in the petrol pump prize, the coronavirus pandemic restrictions, and less demand for Crude Oil Globally, The Nigerian Naira is staggering. There is a massive surge in crypto use cases in Africa according to statistics. People are beginning to exchange their fiats into cryptos.


However, with this level of increase and rising number of users of the crypto, there is fear that the fraud level would increase. The Crypto industry recorded over 24 million USD fraud, during the second half of 2020, with the twitter hack of July being one of the most recent. Although the major problem is that people are being talked into seeing crypto as a means to get rich quick as opposed to a currency.  The Twitter hack was an obvious scam and yet people fell for it globally.

How do we then begin to control the misinformation of crypto in the African space? Crypto scammers key into the hardship and the misinformation of the public to commit their crimes.  So their schemes can easily be identified. Here is the truth, If it is too good to be true, then you shouldn’t trust it in the first place. 

Some people are champions of Regulation, although it is true that it will go a long way to reduce the spread of crypto fraud, it may never stop the ignorance. I think what is needed more is education; seminars and conferences clearing the air of what cryptos are and what they are not. There can never be enough learning.  A lot of wallets are doing a good job with these, but I think the numbers are still lopsided. 

Its no news that Major oil companies are abandoning their rigs and moving into a more futuristic business that causes less environmental pollution. Nigeria whose major source of revenue is through oil export will have to start diversifying.  This is because the naira is still to face one of its biggest devaluations so far.  Consequently, Nigerians are beginning to jump into the crypto space because of the looming uncertainties.
By the end of 2020, We may be witnessing a massive increase in the use of crypto from the continent, and especially from Nigeria giving the large population. Although this is good news for the global crypto community, it is also going to be a challenging transformation for a lot of individuals.

Finally, since exchanges are sprouting up close to our local communities, for safety and to avoid Scam it is better to use physical dealers or trusted apps.  If you are just getting into the crypto community, read up as much as you can. Attend conferences and start planning for the future of currency. Remember, cryptos are just money, learn to treat them like you will your physical fiat, and you will be sure not to be duped.

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at 03:41 1

A Cryptocurrency is a virtual currency that functions like an electronic token that is traded on the internet. The coins themselves can be created from nothing at all, and the exchanges of these virtual "coin units" are done in the same manner as other traditional financial instruments. In fact, it's very likely that you may have heard of "virtual currencies."

What is virtual currency? A Cryptocurrency is a virtual entity that is created online, either through a website developer, and which is used by both individual users and companies for the purposes of exchanging money for goods and services. A Cryptocurrency can be used for many things and can be created online through any number of methods. The creation of a Cryptocurrency usually involves creating a webpage that describes the nature of the currency and the software that will be required to operate the currency.


When virtual currency is first created, there may not be a need to actually create any real money with it. In fact, most people who start out with Cryptocurrencies don't actually understand exactly what they're getting into. This is because many Cryptocurrencies are "mined" through a process that requires the user to put up money in order to gain access to them. The idea behind this process is to allow users to create their own Cryptocurrencies with little-to-no risk to themselves.


Once you've created your Cryptocurrency, the next step is to figure out how to sell it. One of the easiest ways of selling a Cryptocurrency is through the use of a website. There are several popular and well-known websites that offer the functionality for a buyer to purchase their chosen Cryptocurrency and have it converted to cash for them. These sites are often called "exchanges."


An Exchange also acts as a clearinghouse, where the buyer and seller of the Cryptocurrency have their own private server that holds all of their personal information and account data. This allows for the exchange of information between the parties. These exchanges allow individuals to purchase and sell the various types of Cryptocurrencies that are offered to them by the website. Many people will use these exchanges to trade for the larger ones so that they can make a profit.


Because a Cryptocurrency can be created online, and the exchange of information between buyers and sellers is done over the internet, it is very easy for anyone to create a Cryptocurrency and buy it or sell it when they choose. There are also several places that offer tutorials and support to help beginners learn how to create and set up their own Cryptocurrency, so they can start trading and making some real cash with it.

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at 03:30 0

When I was trading a year ago, it was really difficult for me to understand the new technology and concepts when trading the Forex or the other foreign currencies. Today, with the help of the Internet, this is no longer a problem because of the online trading courses that are readily available online.

I must say that there are many ways to get involved in this kind of trading and there are different trading strategies. For example, if you want to trade for smaller amounts of money, then there are the mini accounts that are perfect for you. These mini accounts do not have high limits but you can be assured that it gives you enough room to have a good trading experience without having to worry about losing money. For those who are looking to trade big amounts of money on a regular basis, they might want to consider the big account which allows you to trade with millions of dollars every day.


There are so many aspects to this type of trading and it requires someone who is knowledgeable with the different types of trading. This is very important especially when you are dealing with some very volatile and uncertain currencies.


If you are new to trading, you will need to learn more about the technicalities involved and this can be done through the online trading courses that are available today. You may also need to learn the basics of the business and how you can get involved in this type of trading. If you are interested, you can actually learn how to start your own trading company or do the trading for yourself. It is definitely possible nowadays and the only thing that you need to do is find the right training that will make this possible.


As mentioned above, there are so many things to learn when you are doing trading this way. This is why you need to really get your hands on the information because you cannot afford to lose your hard-earned money. So when you go into online trading courses, make sure that the course that you use is up to date and will help you gain enough knowledge to be successful in your trading career.


Always remember that you are a new trader and it is important that you know what you are doing before you can move forward. So get the knowledge that you need and make the right decisions so that you will have a much better chance of success than you would without any knowledge at all.

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at 03:26 0


There have been lots of buzzwords used to describe the currency trading market that is currently taking place. While some of them may sound too technical, others are simple enough for a layperson to understand and use effectively. One such term, which is commonly used and can be found written on many articles, is 'Forex Trading.'

Forex trading is an easy way to make money. However, it does come with a lot of complexities and is not an appropriate solution for everyone looking to start their own home-based business.


In order to understand the difference between Forex Trading with traditional currency, you should first understand what Forex Trading actually entails. A Forex trader works using various methods of buying and selling currencies, and it's all done through the exchange market. In simple terms, the Forex market functions like a world market where buyers and sellers can enter and exit transactions at any given time.


Because there is a real-time market, it means that currencies can be bought and sold within moments, rather than hours. This means that your profits are immediate and are not influenced by the fluctuating exchange rates from the financial markets or the stock market. And since the Forex market operates all day, the prices on a particular currency can easily be tracked from one day to the next.


It's a good idea to invest in an online trading software program. These programs allow you to make trades without actually having to deal with the trading process. This allows you to have a more hands-on approach to trading, but it's important to remember that these software programs are still relatively new, and so the process is not as simple as it looks.


With this in mind, it's always a good idea to do a little bit of research on foreign currency before investing in one. You can use your existing knowledge and contacts to find out about the market. As you begin trading with the currency, you will discover that it can make or break your trading experience.


As you are able to learn more about the currencies, it will become easier to decide which ones are worth investing in. You can use these currency comparisons as a guide when making your decision, and it will also help you determine which currencies are more stable. to invest in.

After making the final decision, you'll then need to buy and sell on the platform. Since there are different systems available, you may need to do some trial and error before finding one that fits your particular situation.


One thing that can help is to find out whether the site you are dealing with is legitimate. If you find that they don't offer a refund policy, or that they are unable to answer questions, then it's probably a good idea to move on to another site. When looking for Forex Trading with Bitcoin sites, it's important to know which sites are reliable and which ones are not.

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at 03:08 0

A Cryptocurrency is a virtual currency that has been specifically created for online digital transactions. A Cryptocurrency is an entirely different financial instrument than traditional money or stock trading and is not backed by any real asset, unlike regular currency.

A Cryptocurrency is an electronic currency created to function as a means of exchange between person coin ownership information stored in an online ledger, known as the "blockchain", on a secure server. This type of transaction occurs between two parties (or even multiple parties) who use the public ledger to record each other's coin ownership information and then store the details in the blockchain to ensure that no one can take control of the system.


In order to get involved with this type of trading, you have to either own a Cryptocurrency already, or you have to be able to buy and sell this digital currency through a broker. There are also many companies that operate solely on the basis of selling the user's Cryptocurrency, and who offer their services to store and transfer the digital currency for them.


In order to get involved in Cryptocurrency trading, you need to have a certain amount of funds to cover your margin requirements, which is usually a percentage of the total value of your investment in your chosen Cryptocurrency. This is a small fee that you need to pay in order to open your trading account, but it is generally a small cost compared to the fees you would incur if you were to hold onto your money and not trade it in at the time of your choosing. The more capital that you have available to use when trading, the more comfortable you will be, and the more likely that you are to win trades.


When it comes to trading the market, you'll need to be able to read the information that is being displayed in the blocks of the chain, which are constantly changing and being re-written, so you'll want to have a trading strategy. If you're going to be trading with more than a few currencies at once, you'll need to make sure that your strategy is able to take care of all your currencies in the event that one of your investments tanks and goes down as well, since your profits will suffer. from not having your profits covered.


If you do decide to enter the digital currency market, the best thing to do is to find a broker that can handle this type of trading for you, as there are too many brokers out there trying to take advantage of this new market to handle it themselves. There are plenty of resources and guides available online to help you get started and learn the ins and outs of trading the market, so you won't need any professional advice when you begin, although you should be wary of any company that tries to oversell you by offering their services at exorbitant rates.


Trading a Cryptocurrency isn't something that you should get into without any thought, so try to understand as much as you can about how they operate in order to know what to expect once you start trading. Once you know the basics, and once you understand the importance of being able to read the chain of the Cryptocurrency, you will have a much better chance of being successful in your trading endeavors.

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at 18:19 11
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