Jacob Okonya

Jacob Okonya is a young civil engineer and Bitcoin and Blockchain enthusiast.
He uses the digital currency since 2012 and has in-depth knowledge in Bitcoin mining and other cryptocurrency mining as well. He has been writing articles on bitcoin and crypto, as well as reads a lot of web content in Blockchain and Bitcoin technology and hopes to establish the first Blockchain community of Uganda.

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Jan 17, 2017 at 10:17
Why Bitcoin Scares Society
In 2009 bitcoin hit the electronic currency world by surprise and later captured the attention of the masses and information technology companies. Coinidol.com investigates why most people are still too scared to use bitcoin as their main currency for day-to-day business.
Jan 12, 2017 at 11:35
EU Planning a Database That Will Link User IDs to Cryptocurrency Wallets
The European Union is planning a database that will assign every cryptocurrency wallet to its holder’s identity. After recently being hit hard by Terrorist activities, the EU believes a lot of the funding for terrorism is done anonymously through bitcoin.
Jan 10, 2017 at 10:55
China Launches Fresh Bitcoin Crackdown
China is struggling with containing capital flight out of the economy. Due to economic uncertainty, most Chinese investors feel safer investing abroad than in China. The most recent attempt to control capital flight in China has been an attempt to seal off the Bitcoin corridor.
Jan 09, 2017 at 11:00
Tumblebit to increase Blockchain transaction speed by 99.8%
Tumblebit, a proof-of-concept project aimed at helping with cryptocurrency fungibility and anonymity, is said to be finalizing a platform that would make cryptocurrency transactions surveillance-proof, faster at propagating and unforgeable, while also ensuring efficient scaling.
Jan 06, 2017 at 11:32
Bitcoin Price Volatility Lower Than Oil Price In The Past Year
Bitcoin has one of the highest price variations when compared with other financial assets traded on the forex markets. In the past year, the price of bitcoin has been more stable as compared with the price of oil from the world’s major oil producing nations.
Jan 05, 2017 at 12:03
Auxesis And Multichain To Fuel Blockchain Development In India
Auxesis, an Indian IIT-based startup has partnered with Mutichain, a platform that helps organisations build blockchain and shared ledger applications. The partnership is seen as fueling blockchain development in the ailing Indian economy.
Jan 04, 2017 at 15:55
Bitcoin Gets a Hold of Hollywood with New Bitcoin Movie
“Banking on Bitcoin”, a new film which shows the history and future of bitcoin, is set to be released on January 6, 2017.
Jan 02, 2017 at 15:11
New Image-Hosting Site Pays Bitcoin to Users for Sharing Photos
The new image-hosting service, Supload, pays users who upload photos to the website 50% of the funds generated from Ads running on the site. The service has a minimum withdraw of $1.00 and users can withdraw at any time into their bitcoin wallet.
Dec 31, 2016 at 11:55
Venezuelan Travel Agency Only Accepts Bitcoin Due to Hyperinflation
Venezuela has an unstable economy and its currency has been hit by inflation beyond 1000%. Destinia, a Venezuelan online travel agency, will now only accept Bitcoin for payment for its services citing “increasing restrictions” and economic woes in the country.
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