Author: Bolu Abiodun

Elon Musk Elon Musk’s relationship with cryptocurrencies can be said to be as volatile as the digital asset itself. Unlike enthusiasts such as Twitter CEO, Jack Dorsey, Elon is fond of teasing the crypto community. His semi-enigmatic tweets sometimes seem like he’s rooting for the digital assets while at other times, no one can really get what his stance is. One thing that is certain, however, is that whenever he talks about crypto, something happens in the market. While Elon might be teasing the crypto market for his entertainment or sheer enthusiasm, he believes they’re going to take over someday.…

Nigerian Bitmama and South African Xago are joining forces to make sending and receiving digital ZAR easier and faster across African countries. Xago is a fintech company that has developed an innovative way of moving money across the globe. The ripple powered company takes unique steps to move money in and out through crypto. It offers users a custom-built exchange for trading and receiving the digital South African Rand, ZAR. Starting out as a peer-to-peer currency exchange, Bitmama rapidly grew into a platform that allows users to buy and sell with crypto, without any third party interference. Founded by Ruth…

AI had a good run in 2020. Amazing breakthroughs of 2020 made looking forward to 2021 a delight. 2020 showed there are no bounds to technology, particularly AI. The year might be young but development in AI has shown no sign of taking a break. It continues to spawn new developments that will make AI more independent making life easier and better for humans.  Here are Some of the most popular developments so far in 2021 Customized brains for robots For humans, reacting to our environment is easy. When it suddenly starts raining we know to take cover, we scan the…

Image Source: Pixabay The entire existence of bitcoin is built on the premise that it can be transferred from one person to another without the help of a third party. It was built to transfer payment as easily as we transferred files from one device to another. But when money can be transferred as easily as a document or music file, it means a copy of the original money can be spent several times. Double spending therefore became a major challenge for digital money. The powerful and perhaps the most important technology of this century, blockchain is what solves the…

Image Credits: MichaelWuensch / Pixabay. A man who claims to be the mysterious Satoshi Nakamoto, the genius behind the crypto flagship, bitcoin is at loggerheads with bitcoin websites. Craig Wright is accusing two websites of stealing his famous bitcoin whitepaper and other intellectual properties. Although Wright’s claims of being the elusive Satoshi Nakamoto are considered fake, he has become rather famous for his fake claims. Articles about the story of Satoshi will often include him as the self proclaimed bitcoin founder. The Australian computer scientist had some members of the crypto community fooled when he came out claiming to be…

Change has always been the most pervasive phenomenon of human existence. Humans continue to exploit a hidden novelty in an already established convention. We constantly find new ways of doing things. No matter how perfect an innovation might appear, overtime its shortcomings become more vivid. These shortcomings are therefore exploited, hence, the birth of another innovation. The concept of money has continually evolved over the years. The evolution of money like most aspects of human existence has evolved alongside technology. A detailed rundown of the evolution of money reveals how the concept of what we call money today could literally…

There’s a lot of buzz going on about bitcoin and other cryptocurrencies. A lot of positive news have been gracing the headlines lately and it’s really hard to look away. Cryptocurrencies indeed have been phenomenal for a while now but the positive sentiments surrounding them do not eliminate the risks involved in investing in them. While a lot of people might be suffering FOMO’s,(fear of missing out) it is however important to make adequate personal research before delving into the volatile world crypto. Crypto has made some people very rich. The return on investments are incredible but the losses are…

It’s 2021 and the only application of blockchain technology known to a lot of people is still cryptocurrencies. Bitcoin and blockchain remain inseparable in the minds of many but as blockchain continues to prove that there’s more to it than just bitcoin people will begin to see the transformative technology in a different light. Blockchain is kicking off 2021 with a bang and the year looks to be a year of progress for the tech. The cutting edge technology has seen many groundbreaking successes and has proffered solutions to many of the world’s problems. Blockchain is widely described as one…

While 2020 might have been a year filled with ups and downs, cryptocurrencies ended the year with a bang. The crypto king and flagship digital currency bitcoin, started the year at $7000 and rose to almost $30,000 just as the curtains closed in 2020. A whooping 400% growth in 2020 alone. With such impressive performance echoed through the crypto space in 2020, it is natural to envisage great things for crypto in 2021. Some of the biggest trends of the previous year could continue in 2021 on a more grander scale. How crypto will play out in 2021 cannot be…

Using cryptocurrencies entails a different approach than regular currencies. The concept behind them makes using them require some understanding. Signu up on an exchange The first step to getting involved with cryptocurrencies would be to choose an exchange. An exchange is an online platform where you can buy, store, sell and even trade cryptocurrencies. There are several exchanges available to use. It is wise to go for popular ones that are well trusted. Some popular exchanges include Binance, Buycoins and Bundle, among others.  While cryptocurrencies are decentralized currencies that can be used anonymously, some exchanges use KYC (know your…