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A story from Thisdaylive.com has it United Bank for Africa, UBA has partnered with China Development Bank, CDB to support SMEs across African countries through loans. Here's the scoop below. United Bank for Africa (UBA) Plc, a pan-African banking group, and China Development Bank (CDB), the world’s largest development finance institution, yesterday announced the signing of a $100 million seven-year loan agreement to finance the development of small and medium enterprises (SMEs) in Africa. The $100 million loan would enhance UBA’s capacity to provide access to finance to small and medium enterprises (SMEs) across the 19 African countries where UBA currently operates. “We are excited to partner CDB, the Development Financial Institution of the Chinese Government, on this historic transaction, as we strongly believe that the facility will serve as a catalyst to the sustainable development of commerce and industry in Africa through provision of critical financial intervent...

How is Bitcoin calculated? I know a lot of people have this question on their mind. Well, here's a good explanation as provided by Luno.com Many people wonder how the price of Bitcoin is calculated, but it’s important to remember that it works no different than it would with other currencies or objects. Let’s first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, let’s say USD2.25, then the transaction will happen. If it’s winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less,...

Due to Jacob Zuma's scandal : Due to Jacob Zuma's scandal

Litecoin, Zcash, Ethereum and Ripple Plans to Implement Lightning Network : Litecoin, Zcash, Ethereum and Ripple Plans to Implement Lightning Network Bitcoin, the largest cryptocurrency in the world, is the first to implement the concept

Recovery Signs For Bitcoin As Value Exceeds $10,000 in Capital Market : Bitcoin value soars up to reach $10,000 in capital market after experiencing a dwindling rate in the past week. Bitcoin has recovered more than 60 percent of its record value after seeing its value decline to a recent low of $6,000 on February 6. The decline of BTC in recent weeks has resulted in the virtual currency losing around 65% of its value - from about $ 17,000 in early January to a  low rate of $ 6,000 on 6th Feb. Compared to the historic high of $ 19,700 on Dec. 17, the $ 6,000 decline included a 70 percent drop in BTC in just seven weeks. <img class=

Central Bank in Thailand Bans Bank from cryptocurrency : Central Bank in Thailand Bans Bank from cryptocurrency Thailand’s central bank said on Monday it had asked financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading. <a href=

Japan's Cryptocurrency Exchange Coincheck Resumes Yen Withdrawal : Japan's Cryptocurrency Exchange Coincheck Resumes Yen Withdrawal <a href=

IOTA: One of the Most Growing Coin and Heavily Criticized : IOTA: One of the Most Growing Coin and Heavily Criticized IOTA is one of the most growing cryptocoins, but one of the most heavily criticized. Maybe that's because IOTA promises a lot and many things differently than others. This mistrust arouses. Also Read: <a href=

Top CEO: Traders Tempted to Invest in Bitcoin should be Ready to Take Responsibility : Top CEO: Traders Tempted to Invest in Bitcoin should be Ready to Take Responsibility According to the CEO of a leading <a href=

Cryptokitties Blockchain-Based Game is Getting a Lot Bigger : Cryptokitties Blockchain-Based Game is Getting a Lot Bigger CryptoKitties, the viral blockchain-based game that sparked a global craze for collecting cartoon cats, is about to get a whole lot bigger, which could mean another pile-up for the world’s second-largest <a href=

State of Arizona to adopt the use of bitcoin to pay Taxes : Arizona, a popular state in United States are deliberating on the use of bitcoin to pay state taxes. Digital Platform of paying taxes. Jeff Weninger, an Arizona State Representative says, Many present bills on Arizona's Congress deals with bitcoin and cryptocurrencies. One of such bills deals with the <a href=

Russian Government Proposes a Law to Enact ICO : Russian Government Proposes a Law to Enact ICO One of the Russian government ministries has proposed a law that, if approved, introduces a capital requirement for the initial supply of coins (ICO). The proposal, which was issued by the Russian Ministry of Communications, aims to enforce a series of requirements before any ICO activity is formally accredited in the country. <a href=

Cryptocurrency Miners To Pay Tax, Icelandic Legislator Proposes Law : According to ABC News, virtual money-miners are pouring into Iceland for their wealth of renewable energy, and some legislators want to tax them. Iceland's renewable energy from hydropower and geothermal energy has provided competitive electricity prices. Smari McCarthy, a legislator of the Icelandic Pirate Party, wants to tax bitcoin mines. According to ABC News, the legislative initiative will be aided by Icelanders' skepticism towards financial speculation following the country's 2008 bank crash. Value-added companies pay taxes under normal circumstances, McCarthy told the Associated Press.The city of Keflavik, on the southern peninsula of Iceland, has attracted virtual miners to build large construction sites on the outskirts of the city. Johann Snorri Sigurbergsson, Business Development Manager at Hitaveita Sudurnesja, a local energy company, expects that virtual currency consumption will double ...

US Senate Reviews Bill on Terror Threat Analysis Involving Cryptocurrencies : The meteoric increase of interests in cryptocurrencies has led to huge investments in the digital money market. Investors and companies are flooding into the market, and there is no indication that this will subside in the foreseeable future. The increased interest also leads to further investigations, with the United States Congress also involved. These investigations have arisen on suspicions that cryptocurrencies have been used to fund illegal activities. It has been suspected that the ISIS terrorist network used bitcoin to fund its activities. Just last year, Zombie Shahnaz, a US resident born in Pakistan was arrested by authorities trying to board a flight for Pakistan. Authorities said Shahnaz obtained fraudulent monies for the purchase of bitcoin and other cryptocurrencies which she used to make a number of strange wire transfers to vague entities and individuals overseas. “These transactions were mo...

Cybercriminals Hacks UK Government Websites, Exploits Visitors CPU For Crypto Mining : Cybercriminals Hacks UK Government Websites, Exploits Visitors CPU For Crypto Mining Several Government websites in UK secretly forced visitors' computers to exploit monero for cyber criminals. Security researcher Scott Helme identified the problem originated from Browsealoud, a software that helps blind and visually impaired people use the Internet. It has recently been compromised by cybercriminals who have added a cryptojacking script. As a result, anyone visiting a website that uses the software had their computer's processing power used to earn money for cybercriminals through Monero Mining. Monero (XMR) is a Cryptonote algorithm based cryptocurrency, an alternative for bitcoin. it relies on Ring Signatures in order to provide a certain degree of privacy when making a transaction. Monero is a Proof of Work cryptocurrency that can be mined with computational power from a CPU or ...

South Korean Regulators Plans to adopt Crypto Exchange Licensing System : Since the New York department of financial services (NYDFS) developed Bitlicense, a regulatory license that permits exchanges to trade in cryptocurrencies in the state, it has awarded approval to only six trading companies. The license gives restrictive controls and capital requirements to the companies and allows the government to monitor the market in an orderly fashion. The restrictions and limits this licensing system has set upon businesses prompted the south korea government to be considering adopting a system similar to Bitlicense, in an attempt to regulate the digital money trading in the country. South Korean regulators plan to introduce a cryptocurrency licensing system, Business Korea reported. An official said they were considering the adoption of a system for the approval of stock exchanges as an additional regulation on cryptocurrencies to be positive. We rather compare the model of the state of ...

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