Category: Blog

Blogs

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How is Cryptocurrency a threat to Nigerian Banks and the Naira?

According to a recent survey carried out by the Research & Development team at Coinnest Africa, 38% of crypto enthusiasts believe that crypto is a big threat to the local currency (Naira). More than 60% of the survey respondents feel that the recent move by the Central Bank of Nigeria to stifle crypto operations in

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Common Bitcoin Scams: How to Spot and Avoid them

Crypto transactions are a fast, hardly trackable way of transferring funds across the globe. That’s why this is such an attractive asset to “bad actors”. At Coinnest Africa, we always go the extra mile to protect your funds and data, however, you should be exclusively responsible for securing access to your own account and assets.

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8 Security Tips from Crypto Pros: How to Keep Your Bitcoin Safe.

Cryptocurrencies and blockchain technology offer a secure way to conduct financial transactions. However, cybercrime is rampant in the digital world. To help protect your digital assets and not fall prey to crypto robbers, we’ve compiled a list of our top 8 crypto security tips to follow. 1. Use Password Generators Passwords that consist of numbers

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What role will blockchain play in building Sub-Saharan Countries in Africa?

Despite being the second largest continent in the world, Africa is yet to overcome the core infrastructure bottlenecks plaguing its growth. The GDP of the nation has been growing at a 3% to 4% rate but progress hasn’t been achieved from a comprehensive standpoint. Having said that, the need for a solution arises that could

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Busted: Common Bitcoin Myths You Should Avoid

For those who have been involved in the crypto space for a while, it’s easy to forget just how confusing and mystifying the world of bitcoin was when we first encountered it. A lot of us were probably unable to tell the difference between a bitcoin and a blockchain, or even what a private key

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3 Reasons Why Bitcoin Recently Hit an All-Time High Price

Wondered why Bitcoin and some other #cryptocurrencies recently enjoyed (and is still enjoying) heartwarming price surges? Well, here are three reasons why the oldest and largest cryptocurrency has pushed to new highs. Institutional & mainstream interest Some institutional investors are taking on bitcoin (BTC, +0.43%) exposure, according to a Nov. 20 report from analysts at

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7 Practical Ways Of Making Money With Bitcoin in 2021

In 2021, Bitcoin (BTC) is set to turn 12 years old—oh, how time flies. We’re sure that everyone here has at least heard of it by now. As our favorite digital currency continues to mature over time, so does its money-making opportunities. More people are figuring out how to make money with Bitcoin, and we understand that it can

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Cryptocurrency, An Overview

It is most likely that you’ve heard of Cryptocurrency or Crypto (short form), and you are curious about learning more about this mind-blowing technology and how to create some wealth with it. Digital currency is currently the main point of focus at the moment as more and more individuals are becoming millionaires through cryptocurrency investment.

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AN INTROSPECTIVE INTO BITCOIN

Bitcoin is a decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: There is no government, company, or bank in charge of Bitcoin.   Unlike traditional currencies such as dollars, Bitcoins are issued and managed without the need for any central authority whatsoever. With the largest Bitcoin wallet platform in the world,