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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Articles

Feb 20, 2017 at 12:58
News
How Ransomware is Stealing Away the Bitcoin Victory
In 2016 a new illegal industry emerged in the bitcoin ecosystem. Ransomware, a malicious program with the ability to encrypt a file or lock the user out totally from a computing device. Hackers invented a way of blocking user access to very important servers and demanding a ransom of bitcoin in exchange for an unlocking key.
Feb 16, 2017 at 12:54
News
Dutch Pirate Party: The Negative Side of Bitcoin
The Dutch pirate party is demanding the Dutch Government allow every citizen to choose the kind of currency they want to use, including when paying for state services. The Dutch pirate party is one of the over 40 pirate parties worldwide.
Feb 15, 2017 at 16:35
News
The Philippines To Regulate Bitcoin Activities
As Bitcoin become more powerful and more widespread day by day, many countries are now considering the best ways of harbouring the cryptocurrency. The Philippines is the latest country to consider guidelines that will shape the development of a regulatory standard for Bitcoin.
Feb 15, 2017 at 13:13
News
China Undergoes Massive Forex Reserves Loss, Pushes Bitcoin Higher
China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.
Feb 14, 2017 at 14:06
News
German Detectives Nab Darknet Traders
The darknet is the space where off-the-grid transactions occur. Commodities there range from drugs, and smuggled goods to human organs. Cryptocurrency has aided the flourishment of the darknet since it provides an undetectable payment system.
Feb 13, 2017 at 16:24
News
The People’s Bank of China Causes Halt on zero-fee Bitcoin Trading
On a continuous regulation drive against capital flight and in an attempt to block all loopholes that allow large sums of money to flow out China, the PBOC have intervened to block margin-based and zero-fee Bitcoin Trading. The Chinese government is still struggling with the massive capital outflow from its economy.
Feb 10, 2017 at 15:48
News
Is Directed Acyclic Graphs Tech Better than Bitcoin’s Blockchain?
Byteball, a Russian cryptocurrency platform based in Moscow, has announced an upcoming distribution of its Bytes crypto tokens. The first round of the distribution took place on Christmas day, December 25, 2016, and the second round is to take place on February 11, 2017, at 00:33 (UTC) hours according to information on Byteball’s website.
Feb 09, 2017 at 18:25
News
Bitcoin Miners Steal Electricity in Venezuela
Four people have been arrested in Venezuela for using the country’s electricity illegally by mining Bitcoins. Bitcoin mining is a very power-intensive activity consuming many units of electricity a day. Implying that if unpaid electricity is used, within just a few weeks, millions of dollars in power revenue could be lost.
Jan 28, 2017 at 12:38
News
Bitcoin Can Serve As An International Foreign Exchange Platform
With the continuous development and redefinition of the capabilities and possibilities that come with Bitcoin, some experts believe that an international foreign exchange market can be built around Bitcoin.
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