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| March 19, 2019

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CNN

Venezuela closes key borders amid aid crisis

February 20, 2019 |

Venezuela has shut a key maritime border and grounded flights as the opposition party seeks to import foreign aid to the crisis-hit South American country.
CNN.com – RSS Channel – Regions – Americas

Sean Hannity: To obstruct Trump’s agenda, Democrats and the media have to pretend borders don’t matter

January 11, 2019 |

Speaker Pelosi, Chuck Schumer, this is not a manufactured crisis. These are real statistics, real people, real lives and many deaths. This is about life and death.
FOX News

Iran allows Al Qaeda operation within its borders, says report

September 20, 2018 |

Iran is allowing and supporting al Qaeda (AQ) to maintain a fundamental facilitation base inside its country, wrecking further havoc on the region, according to the U.S State Department’s annual Country Reports on Terrorism.
FOX News

CNN

Neighboring South American countries stiffen borders as chaos in Venezuela triggers exodus

August 23, 2018 |

A Brazilian mob attacked Venezuelans, while Ecuador and Peru have created harsh rules for entering migrants.
CNN.com – RSS Channel – Regions – Americas

Musical That ‘Makes Borders Disappear’ Wins 10 Tonys

June 11, 2018 |

The American, grown-up musical The Band’s Visit outmuscled the acclaimed and sprawling British import Harry Potter and the Cursed Child for the most Tony Awards on Sunday, capturing 10 statuettes, including best musical, on a night where the theme of acceptance flowed through the telecast, the AP reports. The Band’s…
Newser

Sessions blasts ‘radical’ move by California to block ICE raids, says move akin to ‘open borders’

March 8, 2018 |

Jeff Sessions, the U.S. attorney general, on Wednesday told Fox News that California is “not entitled” to block Immigration and Customs Enforcement raids and said the federal government will not allow the state to flout immigration laws
FOX News

Bitcoin Adoption Continues to Thrive Within Africa’s Borders

January 9, 2018 |

Bitcoin Adoption Continues to Thrive Within Africa's Borders

According to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium.

Also Read: Bitmari Becomes First Bitcoin Company to Partner With an African Commercial Bank

Bitcoin Interest and Adoption is Trending Among African Millennials

The digital currency bitcoin is trending in Africa according to many reports and Google’s aggregated trend data. One particular group bitcoin is appealing to is African millennials, the columnist Catherine Byaruhanga from Uganda reports. For instance, a young resident from Kampala, Peace Akware, hopes her investment in bitcoin will grow enough for her to purchase a vehicle, and possibly even buy land some day. Another individual from Kampala, Martin Serugga, is teaching young millennials about cryptocurrencies in his weekly class that over 50 people attend. Serugga teaches the class how to trade cryptocurrencies against fiat used in the region.

Bitcoin Adoption Continues to Thrive Within Africa's Borders

Other reports detail that since the economic and political turmoil in South Africa residents from the area started looking to bitcoin. The exchange, Etoro saw a spike in users back in March when the region’s finance minister Pravin Gordhan lost his position.

“In South Africa, the number of new users trading bitcoin through eToro rose by 671% from January to the end of November last year over the same period in 2016, more than the 574% overall growth,” explains Mati Greenspan, an analyst for Etoro.

Bitcoin Adoption Continues to Thrive Within Africa's Borders
Google Trends indicates a lot of bitcoin searches stem from South Africa.
Bitcoin Adoption Continues to Thrive Within Africa's Borders
Localbitcoins trade volumes reach all-time highs in South Africa.

Thousands of Trades Taking Place Every Week and BTC Exchanges for a Premium

More populated areas like Sudan, South Africa, and Kenya continue to see adoption levels rise. The head of marketing for digital asset platform Luno, Werner van Rooyen, details that “thousands of trades are being made by South Africans every week.” Further, as news.Bitcoin.com reported a few weeks ago, the recent resignation of Robert Mugabe has caused BTC prices in Zimbabwe to spike exponentially higher than the global average. The tumultuous economy in Zimbabwe has caused the price of bitcoin to exceed global averages multiple times over the past year.

The digital security expert, Neil Blazevic, believes these emerging technologies can transform Africa just like the telecom system.     

“With the right support for innovation, and collaboration Africa could once again leapfrog over the digital divide and become a market leader just like it did in the move from landline communications infrastructure to the mobile phone ecosystem,” Blazevic explains.

Bitcoin Adoption Continues to Thrive Within Africa's Borders
Localbitcoins trade volumes reach all-time highs in Nigeria.

Localbitcoins Volumes in Africa Skyrocket Despite Warnings from Central Banks

The trend of citizens from multiple African countries has concerned the East African Community (EAC), an intergovernmental central bank organization composed of six countries in eastern Africa. The group is hoping to create a solitary currency for all six countries similar to the euro, but members believe “bitcoin interest” in Africa is hindering the process. Warnings about bitcoin have also stemmed from central banks like the Bank of Tanzania, Kenya, and other areas over the past few months.

Bitcoin Adoption Continues to Thrive Within Africa's Borders
Localbitcoins trade volumes reach all-time highs in Kenya.

In addition to these developments, the peer-to-peer platform Localbitcoins is recording all-time volume highs in South Africa, Kenya, and Nigeria. Since the summer the Localbitcoins trading in these three areas has grown significantly week after week.

What do you think about the growing interest and rising adoption levels in Africa? Let us know in the comments below.


Images via Fotogrin, Shutterstock, Coin Dance Volumes, Google Trends, and the Etoro platform.


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The post Bitcoin Adoption Continues to Thrive Within Africa’s Borders appeared first on Bitcoin News.

Bitcoin News

Trump’s UN Speech ‘Borders on Threat of … War Crime’

September 19, 2017 |

On Tuesday, in his first speech in front of the UN General Assembly, President Trump threatened to “totally destroy” North Korea and its “rocket man” Kim Jong Un. That, understandably, got people talking. The Hill reports ABC’s chief foreign correspondent accused trump of using “WWE rhetoric” to lob an “immoral…
Newser

China-India Friction Goes Way Beyond Borders

September 3, 2017 |

The two nations may have calmed their border dispute, but as Narendra Modi and Xi Jinping prepare to meet, trade tensions and Chinese development in Pakistan are also testing the relationship.
WSJ.com: What’s News Asia