Author: Timothy van Rooyen

AfriSake – The Blockchain Revolution

On the 22nd of this month I had the pleasure of attending the blockchain conference titled “Die Blockchain-revolusie: Wat Bitcoin en sy tegnologie vir jou beteken” hosted by AfriSake. As soon as I walked through the doors it was apparent to me that this wasn’t going to be anything like the previous conferences I had attended.

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Top 5 Software Wallets for South Africans

After receiving numerous questions regarding the best place to store your valuable cryptocurrencies. We, at Speckle thought that in this segment of reviews we should look at the top 5 software wallets for South African users. After scouring the depths of the internet, we came up with the most important factors to take in when deciding on where to store your hard earned cash; variety of coins and tokens accepted, security, platform versatility and adoption making up our overall impression. Coinomi One of the stand out features of this open source wallet is is extensive array of support for...

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Bitcoin 101

What is Bitcoin? In 2008 the world experienced the collapse of the housing market in the USA which subsequently led to the 2008 financial crisis. It comes as no surprise then, that 2008 also brought us the birth of Bitcoin. To fully understand what Bitcoin is and why it has value, one needs to understand the context and conditions which led to its creation. Traditional economic systems rely on trusted third parties to act as a middleman to facilitate transactions between individuals. This process takes time and is often expensive. The 2008 financial crisis brought a lot of doubt...

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The South African Crypto Leader

The South African cryptocurrency market is still relatively young but is one of the fastest growing in the world. At the time of going to press, Google Trends indicated that South Africa Google’s “Bitcoin” more than any other country in the world. Leading the local crypto movement in South Africa is digital coin startup, Luno. According to their website, Luno “believes that decentralized digital currencies like Bitcoin, will fundamentally change how the world views and uses money”. At Speckle we share this belief and it is amazing to see a South African company striving and contributing to this reality....

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Bitcoin’s Big Correction

In the last week the Bitcoin price has dropped from a high of R66 000 to R44 900 at time of going to press. This is according to South African exchange Luno and amounts to an astonishing 29% decrease. The drop is rumoured to be caused by multiple factors, including the recent banning of ICOs in China, JP Morgan CEO Jamie Dimon’s severely critical attack on Bitcoin, and, most damaging, the recent announcement by Chinese exchange BTCC that it will be closing down its China-facing trading operations effective September 30. The ban of ICOs in China certainly had an...

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