Cryptocurrency Africa News

A new wave was added to the never-ending Bitcoin mania when the Chicago Board of Exchange (CBOE) became the first major derivative exchange to launch Bitcoin futures on December 10 . Such was the euphoria among early investors that trading was halted twice due to CBOE speed breakers, which slow or pause trading when price movements are excessive. The launch of Bitcoin futures at CBOE is set to be followed by its cross-town rival, the Chicago Mercantile Exchange (CME) Group, which plans to launch its own version of Bitcoin futures trading on December 18. And Nasdaq is preparing for a similar launch in the second-half of 2018 . Bitcoin futures allows traders to speculate on what the Bitcoin price will be at a later date. For instance, at the time of writing this article, the January contract for Bitcoin was trading around US$18,300, up from an opening price of US$15,000 . Traders bet on this and profit accordingly. Such was the excitement at the launch of futures that...

Businesses within the Common Market for Eastern and Southern Africa (Comesa) could save up to $450 million in clearance documentation once the bloc adopts blockchain technology for clearing imports. Comesa is looking to roll out a digital free trade area - the first in Africa - modelled along the Malaysian Free Trade Zone, where parties to a transaction are connected in real time through a web of ledgers that are secure. The application also supports generation of an electronic certificate of origin whose authenticity can be verified using national information technology systems. This will be a marked break from the current practice which involves manual applications and physical presentation of documents to tax bodies and other government agencies that cause businesses delays. Trade financiers could be the biggest losers once the system is in place. "We are rolling out the Digital FTA in 2018, beginning with willing member states on the basis of the principle of variable geometr...

Here is a list of the Top 13 altcoins and cryptocurrencies in 2017/2018 according to market cap, future scope, demand, and value investment asset. Ethereum Ethereum is a true outlier and it is the only crypto-currency believed by experts to be able to overtake Bitcoin Market cap in the near future. Ethereum started in 2013 and had 40x growth rate over the last two years. Its platform allows creating a smart contract that runs on a decentralized network and runs exactly as programmed without any possibility of downtime, fraud, censorship or any third party interface. The team behind Ethereum is really exceptional. They are doing an amazing job to show the real potential of the Ethereum. Also, the degree of adoption of Ethereum is phenomenal at the moment. Many developers are working on apps that use the potential of smart contracts. If one cryptocurrency can make it big, it’s Ethereum. If already went over 1000% over the course of couple of months and it could go 1000% more over t...