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Browsing: cryptocurrencies
- Cryptocurrency mining appears to be going in a different direction from the larger part of the world to fight carbon emissions
- The United States- where 35.4 per cent of bitcoin mining takes place-releases over 40 billion tonnes of carbon emissions annually, the equivalent of 9 million cars
- The University of Cambridge states that bitcoin generates about 132.48 terawatt-hours every year
- However, the cryptocurrency industry is looking to reduce 100 per cent of its carbon emissions by the end of this decade
There has been a debate about bitcoin mining facilities moving to Africa. The continent has the biggest potential to generate renewable energy sources, and the facilities will reduce saturation in the West and Europe.
Why renewable sources of energy? Bitcoin mining counts at the top of the world’s leading carbon-emitting industries!
Cryptocurrency mining appears to be going in a different direction from the larger part of the world to …
- Devising a crypto trading strategy that resonates with a trader’s financial goals and personality style is among the largest demotivation into exploring the diverse blockchain industry and the cryptocurrency markets
- A trading strategy is an extensive plan that guides crypto traders on their trading activities
- The strategy helps to mitigate financial risks by eliminating rush and unnecessary decisions. It, however, does not qualify as a mandatory tool to be a successful crypto investor
There are countless ways to profit from trading cryptocurrencies, and to do that, one needs trading strategies to help monitor and optimize a cryptocurrency portfolio.
Devising a crypto trading strategy that resonates with a trader’s financial goals and personality style is among the largest demotivation into exploring the diverse blockchain industry and the cryptocurrency markets.
Below is a comprehensive analysis of crypto trading strategies that can help beginners and even advanced traders in the market engage in …
- The South African learning institution report has said it will issue blockchain-based certificates to its graduates in 2022
- The report further explains that each qualification document given by the University of Johannesburg will have a QR code to verify its authenticity
- The blockchain-based system is unique because it allows third parties, such as prospective employers, to verify a graduate’s certificate
Africa faces a crisis of insufficiently qualified university graduates, predominantly because of three significant factors. There is a lack of enough universities to administer high school graduates in the continent, a higher preference for overseas education and fake certificates that trash the ability to discern genuine qualifications in the market.
Blockchain technology in University degrees
However, the University of Johannesburg, A university-based in South Africa, has induced blockchain technology in its system to help counter the last setback.
The University has said it will issue blockchain-based certificates to students graduating …
In October 2021 Nigeria became the first country in Africa and of among few in the world to issue a digital currency that was dubbed ‘eNaira’.
Financial experts say the digital currency issued by central banks cut transaction costs and increase financial inclusion.
Maurice Muhiza Rwamigabo, Head of Exploration & Coordinator at the Accelerator Lab (an innovation and technology lab) of the United Nations Development Programme (UNDP) in Rwanda, said in an opinion article titled ‘Should Rwanda adopt a national digital currency?’ that if Rwanda wants to restructure its financial system and position itself as an important player in the future global economy, it should systematically assess and take the steps needed to develop its own Central Bank Digital CBDC.
“A CBDC would offer Rwandans a safe, free, and easy alternative to cash. It would expand financial inclusion by enabling more of the unbanked population to participate in the formal …
Since Tanzania is still conducting research on cryptocurrencies, rules to govern the sector will be issued after research on crypto is complete. Currently, Tanzania has no regulations for cryptocurrencies and those trading in the sector have been urged to be cautious.
However, there is no timeframe for when regulations will be issued.
In June, President Suluhu asked the country’s financial leaders to prepare for crypto and blockchain as the country drops its conservatism and flies its doors open to the new era of digital currency.…
As a result, it has ordered all banks as well as non-bank financial institutions and all other financial institutions that deal in cryptocurrencies or facilitate payment for cryptocurrencies to stop with immediate effect.
The development comes after the Central Bank issued a warning back in January cautioning against the use of cryptocurrency.
Cryptocurrencies are volatile and risky since unlike in regular banking transactions, these are transactions that are irreversible. Further still, transactions are anonymous so you do not know who you are dealing with and also, there are no regulators for cryptocurrency dealings, it is all just you and a host of other people that you do not know trading online, to call it …
