Why Top-world Investors are Opting for Cryptocurrency Investment

Cryptocurrency is fast gaining global traction as top entrepreneurs scramble for crypto investment. Since the inception of cryptocurrency there are thousands of distinct cryptocurrencies that have popped up, but Bitcoin remains the most popular.

Bitcoin is a pace-setter and a pioneer of the crypto-world that is built on a decentralized peer-to-peer network. Cryptocurrencies are free from government manipulation. Both Bitcoin and Ethereum have proved to be resilient, attracting the interest of many investors.

Since the first mining of Bitcoin block in 2009, cryptocurrencies continue to shift the world focus regarding money. Major companies that have embraced Bitcoin include Microsoft, Overstock and Tesla Electric Car Company.

When Tesla co-founder and the world richest person, Elon Musk, decided to invest $1.5 million in bitcoin, its price soured to new high. According to the Guardian, bitcoin topped the most visited websites, in terms of online searches, for countries like Libya, Syria and Palestine.

Similarly countries like South Africa, Austria, Nigeria, Switzerland and Kenya recording the surging number of bitcoin Google searches. Countries like China are on the verge of adopting its own digital currency dubbed as digital yuan.

Bitcoin Alternatives

The currencies that were modeled after Bitcoin are jointly referred as altcoins. Some of the altcoins are modified with advanced security features, unlike Bitcoin. Other than Bitcoin, we have many other cryptocurrencies which include: Ethereum, Litecoin, Ripple, Cardano, Polkadot, Stellar, Chainlink, Binance Coin, Tether and Monero among others.

Comments

How Human Noise Kills Marine Species, as revealed by Scientists

Scientists have warned that the discord of noise made by humans is harming marine species . A comprehensive assessment revealed that large noise from human activities was as harmful as pollution, overfishing and climate change . The study that was conducted by the Journal Science exposed how marine animals can hear from far distances than they can see or smell. According to a report published in the Guardian, most of the marine life uses sound to catch prey as well as attracting a mating partner. Prof Carlos Duarte of King Abdullah University in Saudi Arabia argued that: “Marine animal can only sea up to around 10 meters, smell up to around a hundred meters, but they can hear across the entire ocean basins.” The research concluded that sound “is very important in the marine ecosystems, and noise is pervasive, affecting animals at all levels .” The increasing cacophony in the marine habitat is interfering with how marine animals respond to various survival...

Why Ruto will heavily rely on Mudavadi, Joho in his reelection bid

When Kenya president William Ruto was almost overwhelmed with gen z revolt, his landmark decision was to dismiss the entire cabinet. This occurred immediately after his refusal to sign the Finance Bill 2024/2025. Ruto endeavored to reconstitute a new cabinet, dubbed broad-based executive. He incorporated key opposition figures drawn from the ODM Party - a move that appeased the doyen of opposition Raila Amollo Odinga. Cabinet Secretaries drawn from ODM included: Hassan Ali Joho, Wycliffe Ambetsa Oparanya, John Mbadi Ng'onga and James Opiyo Wandayi. ODM is as good as dead, and Raila's age factor limits him from flying the Party's presidential flag again and has opted out by contesting as Africa Union Commission (AUC) chairman. President Ruto will heavily rely on two members of his cabinet in his reelection bid. Both Musalia Mudavadi and Hassan Ali Joho are billionaires going by their own assertion while appearing before the Parliamentary Committee on Appointments. President...

Kenya’s Quest for New Chief Justice: Unraveling Maraga’s Successor

The Judicial service Commission (JSC) began the process of seeking Kenya’s new Chief Justice (CJ) and President of the Supreme Court, on Monday April 12, 2021. 13 individuals applied for the CJ position, but after a thorough scrutiny 3 were dropped. The process began after the clearance of ten candidates wishing to succeed former Chief Justice David Kenani Maraga. Among those cleared for interviews were: Justice Said Chitembwe, Prof Patricia Mbote, Justice Martha Koome, Justice David Marete Njagi, former DPP Philip Murgor, Justice Mathew Nduma Nderi, Senior Counsel Fred Ngatia, Justice William Ouko, Prof Moni Wekesa, and Alice Yano. JSC interviewing panel The interview panel was cast out of a nine-member bench drawn from JSC which includes: Prof Olive Mugenda (public representative/ JSC chairperson), Philomena Mwilu (acting Chief Justice), Agnes Amadi (Chief registrar of judiciary), Justice David Majanja (JSC commissioner), Justice Mohammed Warsame (JSC commissioner), ...

Phode News Hub

Search This Blog