News - Bitcoin Kenya

This is the real bitcoin news... Bitpesa compared with Western Union (sending money to Kenya)

This is the real bitcoin news... Bitpesa compared with Western Union (sending money to Kenya) submitted by oerwouter to Bitcoin [link] [comments]

In the news • Kenya’s Bithub Africa Mines Bitcoin Using Solar Power - by Jeffrey Gogo

submitted by btcforumbot to BtcForum [link] [comments]

Kenya Is All Set to Launch Its First Blockchain Cryptocurrency • Live Bitcoin News https://ift.tt/2PM6uln

Kenya Is All Set to Launch Its First Blockchain Cryptocurrency • Live Bitcoin News https://ift.tt/2PM6uln submitted by bitnewsbot to bitnewsbot [link] [comments]

Kenya Adopting Blockchain Technology for Better Vote Integrity • Live Bitcoin News https://ift.tt/2PE9ekw

Kenya Adopting Blockchain Technology for Better Vote Integrity • Live Bitcoin News https://ift.tt/2PE9ekw submitted by bitnewsbot to bitnewsbot [link] [comments]

Electoral Agency and Banks in Kenya to Use Blockchain Technology | [blokt] - Blockchain, Bitcoin & Cryptocurrency News

Electoral Agency and Banks in Kenya to Use Blockchain Technology | [blokt] - Blockchain, Bitcoin & Cryptocurrency News submitted by cryptopiabull to blokt [link] [comments]

More good news for Africa! Kenya has been in the vanguard of testing blockchain and its related technologies. The country has had numerous startups, crypto conventions and even has a Bitcoin ATM installed in Nairobi.

More good news for Africa! Kenya has been in the vanguard of testing blockchain and its related technologies. The country has had numerous startups, crypto conventions and even has a Bitcoin ATM installed in Nairobi. submitted by NathanACX to acx_network [link] [comments]

[News.Bitcoin.Com] - Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa

[News.Bitcoin.Com] - Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa submitted by waqqasalvi to Coinpick [link] [comments]

In the news • The State of Bitcoin in Kenya

submitted by btcforumbot to BtcForum [link] [comments]

Comparative Advantage - A new Documentary from Tomer Kantor (Showing how bitcoin and blockchain are being used to upgrade the centuries old ‘table banking’ phenomena in Kenya - social saving circles that exist outside the banking world).

Comparative Advantage - A new Documentary from Tomer Kantor (Showing how bitcoin and blockchain are being used to upgrade the centuries old ‘table banking’ phenomena in Kenya - social saving circles that exist outside the banking world). submitted by smeggletoot to Bitcoin [link] [comments]

Kenyan community currencies pilot covered on the Bloomberg Businessweek front page: "In emerging markets, the shallow reach of traditional money systems means there’s less resistance to new financial technology.". While you wait for the Bitcoin ETFs, people are trading real goods for crypto in Kenya

Kenyan community currencies pilot covered on the Bloomberg Businessweek front page: submitted by mike522b to CryptoMarkets [link] [comments]

Now THIS is a big deal for Bitcoin. And I'm hoping to read a lot more news of this kind in the near future: "Bitcoin Service Targets Kenya Remittances With Cut-Rate Fees" - Bloomberg

Now THIS is a big deal for Bitcoin. And I'm hoping to read a lot more news of this kind in the near future: submitted by kabaka123 to Bitcoin [link] [comments]

In the news • TheMerkle - Will Kenya Be The Next Bitcoin Hub?

submitted by btcforumbot to BtcForum [link] [comments]

Kenyan community currencies pilot covered on the Bloomberg Businessweek front page: "In emerging markets, the shallow reach of traditional money systems means there’s less resistance to new financial technology.". While you wait for the Bitcoin ETFs, people are trading real goods for crypto in Kenya

Kenyan community currencies pilot covered on the Bloomberg Businessweek front page: submitted by sexyama to crypto_currency [link] [comments]

In the news • Bitcoinist - Central Bank of Kenya Warns About Bitcoin In Paid Newspaper Advert

submitted by btcforumbot to BtcForum [link] [comments]

Comparative Advantage - A new Documentary from Tomer Kantor (Showing how bitcoin and blockchain are being used to upgrade the centuries old table banking phenomena in Kenya - social saving circles that exist outside the banking world).

Comparative Advantage - A new Documentary from Tomer Kantor (Showing how bitcoin and blockchain are being used to upgrade the centuries old table banking phenomena in Kenya - social saving circles that exist outside the banking world). submitted by SimilarAdvantage to BitcoinAll [link] [comments]

North Korea's Bitcoin and Kenya's New Railway: The Week in Global-Affairs Writing

North Korea's Bitcoin and Kenya's New Railway: The Week in Global-Affairs Writing submitted by zoteca to Bitcoin [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

(A) North Korea's Bitcoin and Kenya's New Railway: The Week in Global-Affairs Writing

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North Korea's Bitcoin and Kenya's New Railway: The Week in Global-Affairs Writing

North Korea's Bitcoin and Kenya's New Railway: The Week in Global-Affairs Writing submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Why Should We Fear a Cashless World?

The Guardian, 21 March, 2016 http://www.theguardian.com/money/commentisfree/2016/ma21/fear-cashless-world-contactless?CMP=fb_gu

The health food chain "Tossed" has just opened the UK's first cashless cafe. It's another step towards the death of cash.
This is nothing new. Money is tech. The casting of coins made shells, whales' teeth and other such primitive forms of money redundant. The printing press did the same for precious metals: we started using paper notes instead. Electronic banking put paid to the cheque. Contactless payment is now doing the same to cash, which is becoming less and less convenient. In the marketplace convenience usually wins. That's fine as long as people are making this choice freely. What concerns me is the unofficial war on cash that is going on, from the suspicion with which you are treated if you ever use large sums of cash to the campaign in Europe to decommission the 500-Euro note. I'm not sure the consequences have been properly considered.
We already live in a world that is, as far as the distribution of wealth is concerned, about as unequal as it gets. It may even be as unequal as it's ever been. My worry is that a cashless society may exacerbate inequality even further. It will hand yet more power to the financial sector in that banks and related fintech companies will oversee all transactions. The crash of 2008 showed that, when push comes to shove, banks have already been exempted from the very effective regulation that is bankruptcy -- one by which the rest of us must all operate. Do we want this sector to have yet more power and influence? In a world without cash, every payment you make will be traceable. Do you want governments (which are not always benevolent), banks or payment processors to have potential access to that information? The power this would hand them is enormous and the potential scope for Orwellian levels of surveillance is terrifying.
Cash, on the other hand, empowers its users. It enables them to buy and sell, and store their wealth, without being dependent on anyone else. They can stay outside the financial system, if so desired. There are many reasons, both moral and practical, to want this. In 2008 many rushed to take their money out of the banks. If the financial system really was as close to breaking point as we are told it was, then such actions are quite justified. When Cyprus's banks teetered on the cliff of financial disaster in 2011, we saw bail-ins. Ordinary people's money in deposit accounts was sequestered to bail out the system. If your life savings were threatened with confiscation to bail out a corporation you considered profligate, I imagine you too would rush to withdraw them.
We have seen similar panics in Greece and, to a lesser extent, across southern Europe. Mervyn King, the former governor of the Bank of England, recently declared that banking was not fixed and that we would see financial panic again. In Japan, the central bank has imposed negative rates and you are charged by banks to store money. This is to try and goad people into spending, rather than saving. So much cash has been withdrawn from banks that there are now reports that the country has sold out of safes.
These are all quite legitimate reasons to want to exit the system. I'm not saying we should all take our money out of the bank, but that we should all have the option to. Cash gives you that option. Why remove it? It's our money. Not the banks'. The telephone teaches us a useful lesson. At its peak in 2008, there were 1.3bn landlines for a global population close to 7 billion. Today more than 6 billion people have a mobile phone -- more than have access to a toilet, according to a UN study. Many assume that the mobile succeeded where the landline failed, because the superior technology made widespread coverage more possible. There is something to that. But the main reason, simply, is that, to get a landline, you need a bank account and credit. About half of the world's population is 'unbanked', without access to the basic financial services you need. Telecom companies saw no potential custom, the infrastructure was never built and many were left with fewer possibilities to communicate. But a mobile phone and its airtime you can buy with cash. You don't need to be banked. Almost anyone can get a mobile -- and they have. The financial system was actually a barrier to progress for the world's poor, while cash was a facilitator for them.
Six billion people around the world will have a smartphone by 2020. They will have pretty much everything they need to participate in e-commerce -- internet access, basically -- except the financial inclusion. Which is why there will be a huge role to play in the future for new forms of digital cash -- from Kenya's M-Pesa to bitcoin -- money you can use even if you are not financially included.
Cash has its uses for small transactions -- a chocolate bar, a newspaper, a pint of milk -- which, in the UK, are still uneconomic to process by other means. It will always be the fastest and most direct form of payment there is. I like to tip waiters, for example, in cash, knowing they will receive that money, without it being siphoned off by some unscrupulous employer. I also like to shop in markets, where I can buy directly from the producer knowing they will receive the money, without middle men shaving off their percentages. It also has its uses for private transactions, for which there are many possible reasons, and by no means all of them illegal. Small businesses starting out need the cash economy. Poor people need the cash economy. The war on cash is a war on them.
If you listen to the scaremongering, you'd start to think that all cash users are either criminals, tax evaders or terrorists. Sure, some use cash to evade tax, but it's paltry compared to the tax avoidance schemes Google and Facebook have employed. Google doesn't use cash to avoid tax. It's all done via legislative means. Cash means total financial inclusion, a luxury the better-off take for granted. Without financial inclusion -- and there will always be some who, for whatever reason, won't have it -- you are trapped in poverty. So beware the war on cash.
submitted by ThetruthWithin37 to conspiracy [link] [comments]

LOEx Market Research Report on October 17: BTC weekend market: maintain the shock

[Today's Hot Tips]
1. [F2Pool: Monero completes hard fork network upgrade]
F2Pool tweeted today that the Monero network has successfully completed its biennial hard fork network upgrade plan.
2. [The governor of the Riksbank calls on the Parliament and the government to support the central bank's digital currency]
According to Coindesk's news on October 17, the governor of the Riksbank, Stefan Ingves, stated on Thursday that he would fully support the central bank's digital currency. He wrote in his economic report on Thursday: "There should be a digital currency (electronic krona) issued by the Riksbank as legal tender." This is his most powerful statement so far in support of the Swedish Central Bank Digital Currency (CBDC).
3. [Kenya will levy a 1.5% tax on cryptocurrency]
According to Bitcoin.com, the Kenya Internal Revenue Service issued a statement confirming that the digital service tax announced in August will apply to cryptocurrencies, that is, a 1.5% tax on cryptocurrencies. Prior to the news in August, the official announcement of the digital tax, and the digital tax will take effect on January 1, 2021.
[Today's market analysis]
Bitcoin (BTC)Since the early morning of BTC, the fluctuation range has been relatively small, and it has continued to fluctuate around 11300 USDT; mainstream currencies have seen mixed fluctuations. BTC is currently trading at 11349 USDT on LOEx Global, with an increase of 0.15% in 24h.
The market confidence was greatly boosted. Just when the market thought that there was an active bottom hunting signal for the change, OKEX broke the black swan again. The disk showed that the disk continued to fluctuate at a low level after diving overnight, and traded are cautious. The market is mostly concerned about subsequent developments. From the technical logic analysis, although the price of Bitcoin plunged yesterday, it was surprising that the price of Bitcoin once again accurately touched the 11180 area and the important support was not broken. The determination of the bulls to hold fast is more determined. I personally prefer the continuation of the phased shocks, and I do not rule out the possibility of taking a bad shot in the near future to raise the rebound! The bearish signal of the daily technical k-line is obvious, so there will be no major fluctuations in intraday trading and the weekend market will remain unchanged today.
Operation suggestions:
Support level: the first support level is 11200 points, the second support level is 11000 integers;
Resistance level: the first resistance level is 11500 points, the second resistance level is 11800 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.
submitted by LOEXCHANGE to loex [link] [comments]

New Bitcoin Exchange launched in Kenya

New Bitcoin Exchange launched in Kenya submitted by SAtechnewsbot to SAtechnews [link] [comments]

Kenyan Cryptocurrency Miner Bitcoin101 - How To Buy Bitcoins Using MPESA - YouTube Le Kenya, 5ème pays au monde à posséder le plus de bitcoins Bitcoin In Kenya - Documentary - YouTube How To Buy AND SELL BITCOINS IN KENYA

Bitcoin adoption has no brakes in Kenya . The Blockchain Association of Kenya has estimated that more than $1.5 mln has been already transacted in BTC with over 40,000 people using the coin (for comparison, Kenya has 5.28 mln unbanked adults). On a global scale, these numbers are minuscule, but, in fact, Citibank earlier estimated that Kenya has the fifth biggest number of Bitcoin holders per ... Over the last two years, the Kenyan government and central bank have been discussing how to regulate bitcoin and other digital currencies. In March 2018, the Central Bank of Kenya warned the ... Kenya News Facts and Life Hacks. Facts and Life Hacks Business. How to Get Started with Bitcoins in Kenya. a year ago 25110 views by Julie Kwach. Cryptocurrency is among the biggest trends in the world of finance today. This is aided by the fact that as more individuals are entering into it, its value keeps increasing exponentially. Nevertheless, many Kenyans are missing out on this due to ... While bitcoin awareness and adoption are growing in many parts of Africa, only the countries mentioned above offer Bitcoin ecosystems that include startups, meetups, a local Bitcoin community, and bitcoin liquidity. Kenya is the home to several bitcoin startups, regular bitcoin meetups, a blockchain-focused coworking space and accelerator; a ... Kenya is a hotspot for bitcoin in Africa. Getting started with bitcoin in Kenya is not as difficult as it may seem. You can purchase your first bitcoin with any payment method like MPESA, bank transfer, and credit card.

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Kenyan Cryptocurrency Miner

Go to : www.localbitcoins.com and then follow the steps in the video Once you have purchased the bitcoin please get back to the person who showed you this video to purchase your bitcoin and/or GPU ... How to EASILY Make Over Ksh 100,000 Per Month in Kenya by Trading Bitcoins. (Changehigh.com Review) - Duration: 11:27. E News Kenya 22,857 views A couple of people are wondering if it's possible to buy BITCOINS in Kenya. The answer is YES!! In today's video I will be answering the question, "How Do Yo... A 'Kenyan' Bitcoin - Duration: 18:15. Kenya CitizenTV 7,104 views. 18:15. William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour Big Think - Duration: 43:57 ... Buy Bitcoins in Kenya for more contact brother Francis 0729564452 and learn more about this amazing tech

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