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.
He was working in Coinidol till 2017
Articles
Dec 31, 2016 at 10:55
Business
Venezuelan Travel Agency Only Accepts Bitcoin Due to Hyperinflation
Business
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.
Dec 29, 2016 at 11:02
News
Bitpesa Allows African Businesses to Trade with Chinese Counterparts
News
Bitpesa is a bitcoin exchange and Blockchain technology firm based in Nairobi, Kenya, that has recently optimized its platform to focus mainly on the massive trade between East Africa, Nigeria and China.
Dec 28, 2016 at 15:27
News
Bitfury Refuses to Sell $43 Million Worth of Bitcoin
News
One of the largest Bitcoin mining companies, Bitfury, has turned down bids to buy bitcoin from various investors and Assets Under Management funds. This is seen by many to have been triggered by the surge in Bitcoin’s price from $800 to $900.
Dec 27, 2016 at 14:24
Business
MMM Global Pyramid Scheme: A Way To Earn or Get Robbed?
Business
Mmmglobal is a pyramid scheme authored by Russian fraudster Sergei Mavrodi. The scheme has numerous localized websites for every country or region where it operates. Recently, BCC authored a warning on mmmnigeria, the Nigeria chapter of mmmglobal citing it’s a scam aimed at stealing funds.
Dec 26, 2016 at 12:40
News
Spectrecoin Provides Better Anonymity Than Zcash, DASH and Monero: Is This Claim Legit or Rubbish?
News
Spectrecoin is a cryptocurrency launched on 20/11/2016 with a new concept for total security and anonymity on the blockchain which will be based on the Android platform. Spectrecoin’s main aim is small private remittances of money. Coinidol.com investigates whether the new Spectrecoin provides the best anonymity and security compared to the existing competitors on the market.
Dec 23, 2016 at 10:55
News
Digital Bitbox Launches Bitcoin Wallet with Plausible Deniability
News
Digital Bitbox, a bitcoin wallet developer, has built a new wallet with plausible deniability features. Plausible deniability is designed to safeguard the wallet owner’s funds in the event of the owner being forced to give up their wallet keys.
Dec 22, 2016 at 12:49
News
Bitcoin ATMs Flourishing in Vietnam
News
The number of Bitcoin ATMs has increased almost twofold recently in Vietnam, with new arrivals coming in and old players adding a number of machines in different locations across Vietnam.
Dec 21, 2016 at 16:48
Blockchain
Blockchain-Based Email System: Is It The Way To Go For Securing Emails?
Blockchain
Email servers are constantly vulnerable to sophisticated hackers, a Blockchain-based email system is the answer to a more secure email which cannot be hacked and have user information stolen. CoinIdol.com explores whether Blockchain email systems deliver the most secure email accounts.
Dec 15, 2016 at 15:01
Politics
Venezuelans Turn To Bitcoin Mining To Offset Economic Depression
Politics
Venezuela, one of South America’s biggest oil-producing nations, is an economically depressed nation characterized by high rates of unemployment, food rationing and massive migration to other countries, including Europe. Despite all this, the socialist government is offering almost free electricity to people which aids Bitcoin mining activities.
