We want to let you know about some South Africans working on Bitcoin – domestically and globally. Most of the Bitcoin news is from the US or Europe, but at home, there are smart South Africans trying to bring Bitcoin closer to the people.
Bitcoin
The real reasons why you shouldn’t keep your Bitcoin on exchanges
You may have heard about the famous exchange hack on Mt. Gox where hundreds of thousands of Bitcoin were stolen from users. Bitcoiners learnt a very valuable lesson from that, and since then around 75-78% of Bitcoin is kept in cold storage, and off exchanges.
This wasn’t the last hack. There was one 2 months ago, on the Japanese exchange, Liquid, where around $80m in Crypto was stolen.
Make yourself censorship resistant
Bitcoin self custody is vital for anyone who wishes to remain un-cancellable and censorship resistant in their personal capacity. Cancel culture is running wild through our culture and Bitcoiners will be in the firing line sooner or later.
What is the Bitcoin ETF and what does it mean?
The Bitcoin ETFs are exchange-traded funds that track and mimic the value of Bitcoin. These are traded on traditional market exchanges and allow individuals and more importantly, institutions to indirectly invest in Bitcoin, without having to own or custody it themselves. In other words, the Bitcoin ETF will allow investors to seek return via the Bitcoin price, without actually owning the asset themselves.
Bitcoin reaches its all time high and the best ways to to learn more about Bitcoin for free!
Bitcoin is a complex subject and there is an enormous amount of information to sift through and make sense of. Unfortunately, there is also a lot of misinformation, scams and alike on social media platforms, so we wanted to share the best sources to learn about Bitcoin.
What does the world look like at $1million per Bitcoin?
First of all you’re probably wondering if Bitcoin could possibly reach $1million? The short answer is yes, it could. The only real questions are how long would it take to reach that mark, how volatile will the journey be and how far will the US Dollar be devalued against what it is today?
Bitcoin Self-custody Essentials
A basic guide for Bitcoin self-custody. The do’s and don’ts of managing your private keys to ensure that you always remain in control of your Bitcoin. It is a vital step in the direction of self-sovereignty. Bitcoin was designed exactly for this method of ownership. Self-custody brings the promise of freedom, but requires that you take extreme ownership of the assets under your control.
Buy Bitcoin for your Business
For those who are looking to follow the steps of Microstrategy & Tesla and place Bitcoin as an asset under your business, we have officially opened business for entities! We now allow private companies, trusts, close corporations, partnerships and other entities to buy Bitcoin in their name and all purchase orders will be the entity’s name for taxation purposes.
Bitcoin is sovereignly accepted
This week we want to focus on one thing that happened yesterday, the 7th of September. A day that might be remembered in the history books of the future.
Bitcoin was officially adopted in El Salvador as legal tender and the country became the first to officially buy Bitcoin in its sovereign capacity!
Bitvice’s Bitcoin Basics – Blockchain
Introducing a new instalment to our newsletters: Bitvice’s Bitcoin Basics.
For those that are new to Bitcoin we will be covering the basics in a simple, bite-sized way to help you learn more about this complex subject and to give you the tools to explain the topic to friends and family in a concise manner. This week’s topic: Bitcoin’s Blockchain.