technology
What Factors Influence Cryptocurrency Prices?
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Nokia G21 Launches in Kenya: Specs, Price & Availability
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Celebrity tokens: Signs of rising crypto adoption in Indonesia
Cryptocurrency investments in Indonesia have seen considerable growth between 2020-2022, with 4% of the country’s population having invested in crypto. In 2021, crypto transaction volumes surpassed $34 billion, according to Indonesia’s Commodity Futures Trading Regulatory Agency. This growth has formed a new mindset toward crypto investment, especially in the mainstream media. One example of cryptocurrencies’ growing appeal in the mainstream is the participation of Indonesian celebrities and influencers. Crypto adoption among celebrities Celebrities and influencers in Indonesia seem to have become much more involved in Indonesia’s crypto investment industry since 2021. Many have become brand ambassadors for exchanges and crypto projects to help promote them and essentially raise the tradin...
Indonesia’s cryptocurrency community in 2022: An overview
Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021. It’s getting to the point where crypto is becoming more popular than traditional stock. Vice Minister of Trade Jerry Sambuaga stated that more than 11 million Indonesians bought or sold crypto in 2021. In comparison, according to the Indonesian Central Securities Depository, the total number of portfolio investors — indicated by the number of single investor identities — reached 7.35 million in 2021. Even so, 11 million crypto investors is still only about 4% of Indonesia’s total population, meaning there’s still plenty of room t...
What the Global Oil Crisis Means for Africa
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Safaricom Launches Shari’ah-Compliant Mobile Loans
Sourced from Tech Weez. Safaricom has partnered with Gulf African Bank to launch a Shari’ah-compliant mobile financial service, Helal Pesa, in Kenya. According to Tech Weez, the product is the first Shari’ah-compliant mobile and digital solution in the East African country. Customers accessing financing through the service will receive the amount requested in full with a repayment period of 30 days at a 5% commodity Murabaha margin, according to Tech Weez. Abdalla Abdulkhalik, MD – Gulf African Bank, said Kenya is now a highly innovative, interconnected, and fast-paced community that requires solutions on the go. “All our digital offerings including Halal Pesa, seek to directly address this aspect. Our current strategy is focused on digitization for financial inclusion. Our aim is to ...
Seven common mistakes crypto investors and traders make
Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them. Cryptocurrencies were designed to operate in a decentralized manner. This means that while they’re an innovative avenue for global peer-to-peer value transfers, there are no trusted authorities involved that can guarantee the security of your assets. Your losses are your responsibility once you take your digital assets into custody. Here we’ll explore some of the more common mistakes that cryptocurrency investors and traders make and how you can protect yourself from un...
Kenya Gets Sixth Submarine Internet Cable Worth $400-Million
Image sourced from bbc.com On Tuesday, Kenya launched its sixth submarine internet cable worth $400-million to offer high speed, lower latency, and broader bandwidth. According to Business Daily, the cable will connect Africa to France and Pakistan through the Europe-Asia route, providing direct connectivity to Asia, which is expected to reduce communication delays between Africa and Asia. The launch is also a partnership between Peace Cable and Telkom Kenya. The global Mobile Data Index reveals that Kenya has the most expensive mobile data in East Africa. However, the 15,000-kilometre cable is expected to create more flexible digital connection options, including high speeds of 200 Gbps per single wavelength with a total capacity of 192 Terabits per second, as well as stable and secure da...
Kenyans Spend More Time Listening To Radio Than Watching TV, Report Shows
Image sourced from Pixabay The Media Council of Kenya released a ‘State of the Media’ report on Thursday which shows that Kenyans spend more time listening to the radio than watching TV. According to the report, Kenyans watch TV for only two hours, which is, according to Gadgets Africa, is below the global average of 3 hours. Kenya’s Media Consumption: Did you know that 21 million Kenyans listen to the radio while the average time per day spent watching TV in Kenya is 2 hours against the global average time at 3 hours, 24 minutes? More statistics here: https://t.co/BhY675MYPj pic.twitter.com/CUcQ2nQNDB — Media Council of Kenya (@MediaCouncilK) January 31, 2022 On top of that, the Kenyans who watch TV only watch it for news and 30% of the people in the country rely on international co...
Is China’s apprehension to ban NFTs a hopeful sign for investors?
It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country decided to ban its digital asset industry in its entirety. That said, one niche related to the crypto industry that has continued to thrive in the region despite the ban is its nonfungible token (NFT) market. However, with certain negative developments coming to the forefront recently, this may not be the case much longer. In this regard, many local social media platforms and internet firms have continued to update their policies so as to restrict and, in some cases, remove NFT platforms altogether from their networks, claiming a lack of regulatory clarity but, more importantly, fearing a government clampdown on their day-to-day operations. For example, WeChat, a Chinese insta...
From taxes to electricity, blockchain adoption is growing in Austria
Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it. With regard to blockchain-based applications in the economy, however, Austria is still in the experimental phase, with most firms still running pilot projects. Still, politicians and economists alike see potential for select industries. Public administration reform via blockchain The Austrian government is quite open to blockchain innovations, cryptocurrencies aside, and has supported various projects in the public and private sectors. In 2019, a consortium of public administration institutions founded the Austrian Public Service Blockchain (APSB)....
Central Energy Fund to Invest $68M in South African Gas Project
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