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Speaker Lineup Announced for CoinFest Nigeria on April 5, 2018

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CoinFest Nigeria

The countdown continues to the CoinFest in Abuja, Nigeria on 5th April 2018. The “decentralised convention for decentralised currency” in Nigeria is among other CoinFest events occurring in multiple cities across the globe.

The event aims to connect various stakeholders in the cryptocurrency space to discuss the benefits of digital currencies and blockchain technology. With a bigger turnout expected than the previous year, the event organisers have released the list of speakers for the event.

Keynote Speakers

First on the list of keynote speakers is Dr. Andrew S. Nevin, Ph.D., Chief Economist & FS Advisory Leader PwC, Nigeria. Andrew is one of the top global thinkers at PwC having worked in the fields of strategy, economics and regulation. He has lived in North America, Europe, and Asia in his professional career and resides in Lagos, Nigeria since 2012.

Andrew is presently active in Nigeria working to create a strong and vibrant economy and society. His time as an FS Advisory Leader has been spent serving several Nigerian banks in the areas of strategy, technology, operations, and regulations. Andrew has also assisted a number of international firms to explore their options when entering the African market.

The second keynote speaker is Helghardt Avenant. Helghardt is the co-founder of Rehive, which he started after dropping out of his masters at Stellenbosch in 2015. At that time he was working on his master thesis by researching on cryptocurrencies and blockchain technology at the Naspers Media Lab, Stellenbosch University.

Helghardt, who is the current CEO of Rehive, joined Boost VC in Silicon Valley alongside his co-founder Michail Brynard, to continue pursuing their dream of promoting fintech innovation and leveraging blockchain technology.

Guest Speakers

When it comes to guest speakers first among them is Adeolu Fadele, founder of Cryptography Development Initiative in Nigeria (CDIN). CDIN, which is supporting the event, aims to bring local stakeholders together to pursue a common objective in the interest of addressing issues in cryptography-related developments such as digital currencies and crypto ransomware.

Another guest speaker is Lucky Uwakwe, the CEO of Blockchain Solutions Limited. The company provides blockchain services to countries in the Middle East and Africa. The company also promotes blockchain use cases in public and private sectors and assists in ICO projects. There is also Sidoine Felix, Ambassador of World cryptocurrency investment (CDI) in Cameroon, a cryptocurrency enthusiast who has organised several bitcoin meetups to educate Cameroonians on the benefits of the digital currency.

Finally, we have Nakul Shah, the CEO of State Development. The company creates enterprise solutions powered by blockchain technology and also assists firms in setting up crypto exchanges, crypto mining pools, and crypto mining farms. An Engineering graduate from Michigan State University, Nakul trained in bitcoin and blockchain technology from South Africa and has worked in the cryptocurrency space for a while.

Panelists

On the list of panelists, we have Adeoye Ojo, the co-founder of SureRemit. SureRemit is a platform for global non-cash remittances that leverages blockchain technology for quality purchases and payments. Second is Ruth Iselema- founder of Bitmama. Next, there is Ben Onouha, Director of Community – Africa at ConsenSys. He is responsible for client relations at ConsenSys and educating stakeholders on blockchain technology through hackathons, meetups, and other community initiatives to expand blockchain technology to all parts of Africa. Lastly, there is Faith Obafemi, Legal Advisor at ChainAfrica. The company aims to connect African blockchain startups and investors, showcasing African talent when it comes to blockchain technology.

You can register for the event on the CoinFest website.

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Binance Launches Fiat-to-Crypto Exchange in Uganda

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Binance Launches in Uganda

Global bitcoin exchange Binance has launched a new fiat-cryptocurrency exchange in Uganda. The exchange will also be offering a reward of 0.5 BNB to the first 20,000 users that register on the site as part of its promotion in Uganda.

The announcement comes nearly two months after Binance partnered with Crypto Savannah, Made in Africa initiative, and Msingi East Africa to promote economic development in the East African country.

Changpeng Zhao and Yi He founded Binance in 2017 and raised $15 million through an initial coin offering for its ERC20 token BNB in July of the same year.

The exchange plans to move its offices to the island nation of Malta after the implementation of stricter regulations in China and Japan. In January 2018, Binance was the largest crypto exchange with a market capitalisation of $1.3 billion.

Binance in Uganda

BinanceBinance will also offer its Ugandan users a month of zero trading fees when trading goes online. The exchange will announce the opening for trading at a later date.

Users can find out if they have won any rewards by logging into their accounts and accessing ‘Distribution History’ in the Account Center. In addition, users will be required to complete ID verification to be able to withdraw funds from Binance.

Ugandan users will enjoy an exchange that offers fast transactions of up to 1.4 million per second and state-of-the-art storage technology for utmost security. The exchange also provides 24/7 customer support and has a user-friendly interface.

The presence of Binance in Uganda aims to boost financial inclusion in the country, which has increased from 28 percent in 2009 to 54 percent in 2013 according to its national financial inclusion strategy 2017-2022.

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LINE Corp to Launch Cryptocurrency Exchange BITBOX in July for Global Trading

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BitBox
Image by linecorp.com

The developers of popular messaging app LINE and LINE Group’s cryptocurrency and blockchain company LVC Corporation have announced that they are set to launch a new cryptocurrency exchange called BITBOX in July 2018. The Japan-based firm made the announcement during the LINE Conference 2018 held in Tokyo.

The New BITBOX Exchange

BITBOXBITBOX will offer over 30 high-demand cryptocurrencies to users globally with the exception of Japan and the US. The exchange will trade coins such as bitcoin, ether, litecoin, and bitcoin cash while charging low trading fees of 0.1 percent. BITBOX will support 15 languages, according to the company press release.

The selected cryptocurrencies for the exchange have undergone an extensive screening exercise and have been picked by an internal committee, promising users a convenient and safe trading experience. LINE will also incorporate its top security standards to the cryptocurrency exchange.

LINE Corporation CEO Takeshi Idezawa said:

“As a key part of LINE’s new financial services, BITBOX shows our commitment to fulfilling the growing demand for more diverse financial options. With BITBOX, LINE users will be able to access cryptocurrencies more easily, while also being assured of state-of-art security measures to protect their assets.”

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Nigerians Have Invested Over $5m in Cryptocurrencies Despite Regulator Warnings Says KureCoin Hub

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Nigerians Invest in Cryptocurrencies

Nigerians have invested over five million US dollars in the cryptocurrency market in the last couple of years according to data from Nigerian cryptocurrency platform KureCoin Hub.

The data shows that Nigerian retail investors are investing heavily in the cryptocurrency market despite warnings from the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) against investing in an unregulated market.

KureCoin Hub’s co-founder and CEO Tega Abikure has criticised the stance regulators have taken and argues that the country will lag behind as other countries enjoy the benefits of blockchain technology and cryptocurrencies. Abikure told New Telegraph:

“It is not a matter of whether the government likes it; it is about whether they need it. I am not sure the internet was liked when it first came. […] It is not a matter of whether they are going to embrace it; it is about when they are going to do so.”

Abikure observed that other countries such as Uganda and South Africa have already taken steps towards adopting blockchain technology while Kenya is pushing forward with a functioning blockchain taskforce.

“Nigeria is being left behind,” he noted.

The Blockchain as a Source of Foreign Direct Investments

Abikure also believes that blockchain technology could be a major source of Foreign Direct Investments (FDIs) in the next five to ten years. In addition, he is of the opinion that a lot of money is being made in cryptocurrencies on the continent with most of it leaving Africa’s economy.

On one of the benefits of blockchain technology, he said: “[The blockchain] is completely transparent and cannot be changed; it can be used to create a decentralised system of payment where the taxpayer had an unhindered access to the collector which is the government. It enhances revenue collection and removes the challenges of remittances.”

Blockchain technology can also improve the banking sector, the electoral process, the use of donations in charitable projects, and the supply chain, among many other use cases.

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