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Women are Taking Over the Crypto Market

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The crypto space has majorly been dominated by men but women are changing that notion now as recent findings from, AltcoinTrader revealed that women cryptocurrency owners are on the rise. The South Africa cryptocurrency exchange had revealed that more women are owning cryptocurrency unlike before and the ages of men who own cryptocurrency are between the ages of 18 and 40.

This is a remarkable feat as it will cause a great deal of diversity and inclusion in the crypto space. What we want is financial inclusion for everyone right? Then it’s a great thing that women are getting involved in the space. Richard de Sousa a partner at AltcoinTrader, say: “We think that the growth in this market is still at its infancy and as more regulatory frameworks get developed over time in this space, more people will get into it. There will definitely be an increase in our records across all of these generations as the market evolves.”

The report also showed that,“the group is a culmination of the Xenial and Generation Y or “millennials”. They are born between 1978-1988 and are dominating this space owning bitcoin or other cryptocurrencies. Although there are more men generally internationally in the cryptocurrency market, there is a high rise of women in various age groups. The cryptocurrency exchange revealed, “As cryptocurrencies such as bitcoin are still a new phenomenon, we are starting to see more South Africans get into this space.”

Although women dominated the space in the category of women aged 30-40, Males dominated the category of 18-30 year category. Women also dominated in the 40 to 80 age account groups. For the last six months, the number of women investing in cryptos has risen from 6 percent to 13 percent. African women are moving towards financial inclusion and liberty in the world and cryptocurrencies offer that freedom. It is not difficult to find out why more women are investing in cryptocurrencies.

 

 

 

What do you think about more women getting into the crypto space? Share your opinion with us in the comment section below.
Image credit: Pixabay

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Huobi Global Meets Gemini Co-founders to Discuss Global Synergy

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Bridging the gap between crypto communities is very important in the cryptosphere. This has lead two leading cryptocurrency exchange operators to discuss on global synergy. The CEO of Huobi Group Leon Li and COO Robin Zhu recently met with Cameron and Tyler Winklevoss Co- Founders of Gemini in Beijing on November 7th. The two operators discussed on constructing a bridge connecting crypto communities in the east and west.

The two prominent operators were also keen on stablecoins and building a flatter global economy. Leon explained the aim of the meeting saying, “Huobi wants to build a bridge between the US and China in the crypto space.” He added, “There are a lot of good digital assets and products around the world, especially in America, and we want to bring them to China. We also plan to bring more awareness about Huobi’s digital assets and financial services in
China to the world.” Leon is also hopeful that there would be further cooperation between Huobi and Gemini.

The Gemini Dollar (GUSD) was incorporated by the Huobi Group last month. Leon and Robin were impressed by GUSD’s stability and its advantages as a stablecoin. The two party run prominent international exchanges and explained the benefit of listing GUSD within HUSD to millions of Huobi Global and Huobi Cloud traders. Huobi has also incorporated True USD (TUSD), Paxos Standard Token (PAX) and USD Coin (USDC) into its stable coin solution, HUSD. The parties spoke on how listing GUSD within HUSD allows millions of Huobi Global and Huobi Cloud traders exposure to it.

Huobi is the world’s fourth largest crypto exchange and a synergy with Gemini will create a bridge for U.S residents to gain access to Huobi’s products. Companies can open their exchange based on Huobi’s model called the Huobi cloud. U.S. residents can also gain access to Huobi’s OTC for over the counter trades.

More traders in the West are yearning for discounted transaction fees, this synergy between Huobi and Gemini will offer the Western markets reduced transaction fees with Huobi’s OTC or Huobi PRO.

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding blockchain and cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading.

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GreenHouse Lab Set to Launch Demochella

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WhatsApp Image 2018-11-14 at 13.34.30

GreenHouse lab, Nigeria’s first female focused tech accelerator program, set to launch “Demochella”, a demo day where each companies get to pitch the various problems aimed at solving. The launch is set to happen on 17th Nov, 2018 at Vibranium Vally in Ikeja, Lagos, Nigeria, with prominent venture capitalist.

About Greenhouse Lab

Greenhouse lab is a group of five female lead companies comprising “Bitmama”, “Bankly”, “AMPZ”, “Allpro” and “Nicademia” each with different problems they aim at solving.

bitmama.io
 Bitmama is a crypto-fiat exchange that allows customers and trader to buy and sell Bitcoin, Ethereum and other digital currencies in Africa while also offering institutions and professional the ability to trade a variety of digital currencies on a regulated exchange.

bankly.jpeg
Bankly is a global based digital saving and peer to peer transfer product that allows users fund their wallet using tokens available on Bankly vouchers nationwide in a recharge to save model.

ampz
AMPZ is an online media platform that connect the Africa sport ecosystem from grassroots using mobile and web technology with aim to bring Africa 928 million sports enthusiasts together.

allpro

Allpro is an end-to-end lending platform for schools in Nigeria. Allpro’s solution underwrites credit risks for lenders while making financial-access easy for various users in the school ecosystem including school owners, parents and teachers.

nicademia

Nicademia is a video streaming and content distribution animation company for promoting the culture and languages of Nigeria and other African countries with the mission to prevent the extinction of Nigeria and Africa languages as well as create market for Africa Animation.

The main discussions will be focused at each company pitching the various problems they aim at solving and unleashing the potential of Africa. This with no doubt is a remarkable feat as it will cause a great deal of diversity and a great thing that women are getting involved.

The more problem solved, the more impact is being made. So if you are in the neighborhood, join in by registering for free here

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HTC Crypto-based SmartPhone – Exodus 1 Can be Purchased with Cryptocurrency

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HTC has announced that its blockchain phone Exodus 1 is now available for purchase. The phone will be available for purchase through its website and the company hopes to begin shipping sometime in December. Customers can however be able to purchase the Exodus 1 with Bitcoin or Ethereum. The smartphone might likely cost 0.15 BTC ($959) or 4.78 ETH ($965).

The HTC Exodus 1 is said to have its own bitcoin wallet called Zion. This makes it able to function as a hardware cryptocurrency wallet. It has a protected enclave — a separated area on the phone’s chip kept secluded from the phone’s operating system (OS). The technology used was made by SoftBank’s Arm Holdings to safely keep a customer’s cryptocurrency.

The Exodus 1 has a built-in social key recovery system for cryptocurrency wallets. When a wallet is set up on the phone, individual part of a secret key can be sent to trusted persons. Each person will have to download a key management application. In the event of the loss of the phone, each person will send you their part of the secret key. Once the keys are assembled it is possible to transfer funds to a safe location from the phone storage.

Cryptocurrency enthusiasts now have something new to look forward to. HTC also revealed the specifications to its new Exodus 1 phone.

Same as many other chief devices, the Exodus 1 has a Snapdragon 845 processor and a 6-inch QHD+ 18:9 display. It has a 12MP + 16MP rear camera setup that offers zoom while the dual front cameras are 8MP and  produce a natural Bokeh effect. Videos can be shot in 4K60fps and 3D audio recording.

The Exodus includes 6GB of DDR4x (Random Access memory) and has 128GB of UFS2.1 internal storage. The Exodus default operating system (OS) is the Android Oreo but will likely be upgraded to Pie soon. It has a 3500mAh battery and it is rated IP68 for water and dust resistance.

The phone will be available in 34 countries and shipping will commence in December. The Exodus 1 will not be available in China as a result of restrictions on cryptocurrency within the country.

The HTC exodus 1 phone is cryptocurrency based, it can only be bought with Bitcoin or Ethereum. It costs 0.15 BTC or 4.78 ETH, which is about $960, £740 or AU$1,355. It is unclear if HTC plans to continuously adjust the price of the phone to account for bitcoin volatility.

 

 

 

What do you think about the HTC Exodus 1? Share your opinion with us in the comment section below.
Image credit: Bgr

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Zambia’s Central Bank Declares, ‘Cryptocurrencies are not legal tender’

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Zambia is just making its entrance into the blockchain space. However, the Southern African country is taking a different approach. The Zambian central bank has declared that cryptocurrencies aren’t legal tender. The decree which was issued on October 12 cautioned those transacting in digital currencies as they will have no one but themselves to blame if the market should fail. Also, the Central bank of Zambia is trying hard to promote the value of its local currency, the Kwacha which appears to be depreciating in value.

Similar to most African countries, the Bank of Zambia (BoZ) does not have any authority nor regulatory framework over cryptocurrency investments or trading. For the BoZ to have any say over the cryptocurrency industry, it would need legal backing. This means that the parliament will have to amend the law to enable the BoZ have any authority over the cryptocurrency industry.

The Zambian central bank issued a statement on Friday warning people about the risk of investing in cryptocurrency. The BOZ claims that it has observed the alarming rate at which interest in cryptocurrencies is growing through the enquires they have received on the subject.  The statement released by the BOZ explained that although cryptocurrencies have some of the characteristics of money, such as being used as a means of payment, cryptocurrencies are not legal tender in Zambia.

The statement explains that the interest of the people and the integrity of the financial system in Zambia had to be maintained. The BoZ listed the following as the reason why cryptocurrency cannot be considered legal tender. For one, the BoZ bears the exclusive rights to issue notes and coins in the country according to Section 30 of the Bank of Zambia Act. Since the BoZ has not issued any cryptocurrency, they cannot be classified as legal tender.

Also, since the BoZ does not have a regulatory framework for cryptocurrencies, “the usage of cryptocurrencies are performed at owner’s risk.” The BoZ went on to list the risks associated with cryptocurrency usage. It adds, “Some of these risks include money laundering, financing activities of terrorism and general consumer protection risks such as fraud and hacking, to which in most cases, no legal recourse would be available to customers due to the unregulated nature of cryptocurrency-related transactions.”

 

What do you think about Zambia’s stance on cryptocurrency? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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