Home Blog Page 12

Infinix Zero 20 Price In Kenya and Specifications

Maishah
-
0
Infinix Zero 20 Price In Kenya and Specifications

Infinix Kenya has launched the Infinix 20 in Kenya. Here is the Infinix Zero 20 price in Kenya and full specifications. The phone was launched late last month in Kenya.

The phone comes with a 90Hz AMOLED screen with 1080p resolution. it also runs on Android 12 and XOS 12. As for storage, this starts at 128GB and 256GB with 8GB of RAM and an additional 5GB of virtual RAM.

Infinix Zero 20 Price In Kenya and Full Specifications

Let us begin with the cameras, for the selfies, we have a 60MP selfie camera which is an upgrade over the 32Mp selfie camera compared to the one that came with Zero Ultra.

Moreover, it also comes with a waterdrop notch instead of a center punch hole cut out.

The main Camera is a 108MP setup with a 13MP ultra wide and 2MP depth sensor. The latter two feature on the Ultra that with a 200MP camera and can shoot 4K at 30fps and 60fps compared to 1440p 30fps of the Infinix Zero 20.

Infinix Zero 20 comes with Helio G99 and Mali-G57 MC2 GPU at the helm.

For biometrics, the face comes with a side-mounted fingerprint and a face unlock. The fingerprint in question is an under- display optical fingerprint reader.

The battery is a 4500mAh with 45W fast charging brick and comes in the following colours, Green Fantasy, Space Grey and Glitter Gold.

Infinix Zero 20 is currently selling at Ksh. 38,000.00 at Infinix retail stores and online shops such as XPark Kenya and Jumia.

SpecificationsInfinix Zero 20
Screen6.7″ AMOLED screen
90Hz refresh rate and a
Operating systemAndroid 12
XOS 12
ChipMediaTek Helio G99
GPUMali-G57 MC2
MemoryRAM: 8 GB(up to 5GB Extended RAM)
Internal: 128 GB, 256GB
UFS 2.2 support
Cameras108MP triple camera 13MP ultrawide
2Mp depth

waterdrop notch 60MP selfie camera.
Battery4500 mAh
45W fast charging
Fingerprint sensorYes: side-mounted
Headphone jackYes
ColoursGreen Fantansy, Glitter Gold, Space Grey
PriceKsh 38,000 – 256GB storage and 8GB RAM

Top 3 Businesses To Start In Kenya with Ksh 50000 or Less

Maishah
-
0
Top 3 Businesses To Start In Kenya with Ksh 50000 or Less

Starting a business in Kenya with Ksh 50000 can be a daunting task. However, with the right planning and research, it is possible to start a successful business with this amount of money.

In this essay, I will discuss top 3 businesses to start in Kenya with Ksh 50000: a small restaurant, shoeshine business and a home-based business.

Top 3 Businesses To Start In Kenya With Ksh. 50000

A Small Restaurant

One of the best businesses to start in Kenya with Ksh 50000 is a small restaurant.

With this amount of money, you can rent a small space, purchase the necessary equipment and supplies, and hire a few employees.

You can also use the money to purchase ingredients for your menu items and to advertise your business.

Additionally, you can use the money to create a website and social media accounts to promote your restaurant.

In addition, talking of the menu be sure to make it rich. I mean you want to have meals that make people lick their fingers. You need to think outside the box. Have foodstuff that can be taken on the go.

Am talking about chicken, French fries, samosa, boiled eggs and Kachumabari.

When you see someone pushing a cart full of samosa and eggs, do not pity them, the could be making more money than you make from your 8-5pm job.

If you cannot push a cart, then why not hire someone to do it? These small business ideas are very lucrative if you know how to do it.

Be sure to target young people who like biting there fingers and I can assure you that you will be smiling all the way to the bank.  

With careful planning and budgeting, you can make your restaurant a success.

A Home-Based Business

Another top 3 business to start in Kenya with Ksh 50000 is a home-based business. With this amount of money, you can purchase the necessary equipment and supplies for your business. You can also use the money to create a website and social media accounts to promote your business. Additionally, you can use the money to purchase materials for your products or services and to advertise your business. With careful planning and budgeting, you can make your home-based business a success.

Top home based business include,

  • Blogging
  • Article Writing and online tuition
  • E-commerce
  • Daycare/ Nightcare

I wrote about the most profitable business in Kenya you can start in 2023. You can read that article for more insights.

Shoeshine Business

When you see someone shinning other people’s shoes and you call him a cobbler out of disrespect, think twice.

I read a story in the dailies where a woman resigned from her white job to take begin a business as a cobbler.

Within the first year, she was able to change her life drastically. Something that she only dreamt about when she was still on her day job.

With Ksh. 50000, you can find yourself a hotspot on a busy street. Pay the required country levies, buy the needed supplies such as brushes, shoe polish and others items and viola, you are good to go.

Then attract a faithful client base and you are good to go.

Conclusion

Starting a business in Kenya with Ksh.50000 can be challenging but it is possible with the right planning and research.

Three of the best businesses to start in Kenya with this amount of money are a small restaurant, a shoeshine business and a home-based business.

With careful budgeting and planning, you can make either of these businesses a success.

So which of the top 3 Businesses To Start In Kenya with Ksh 50000 did you find interesting, let us know in the comments box below.

13 Most Profitable Business Ideas in Kenya 2026

Maishah
-
0
13 Most Profitable Business Ideas in Kenya 2026

For the year, these are the 13 most profitable business ideas in Kenya 2026, and mostly other African countries you may want to consider.

New Year comes with new resolutions and if one of the resolution was to begin a business, then this post will list the most business ideas in Kenya in 2026.

If you are looking for something to do in the year 2026 or looking for some side hustle, then these ideas could be the best thing that will happen to you this year.

So let us delve more into this.

Most Profitable Business Ideas In Kenya 2026

1. Beauty Industry

One of the most lucrative and profitable business ideas in Kenya is any startup in the beauty industry.

Let us face it, so many women and men would rather spend money to look good but go hungry. That explains why there so many salons, spas, barber shops providing services or selling beauty products.

Moreover, there so many of them especially in the estates, you just need to visit one during the weekend to have an idea of how much traffic is flowing to them.

You will need to do a market research and curve a niche in the market to stand out. Find out what people are looking for. Do not invest in so much money until you understand you clientele.

If you are able to able to find out what people want, you will make it great in this industry.

2. Interior Design

If art is your thing and have a keen eye on the home improvement, then why don’t you venture in this industry?

These are so many clients looking to have their office or home space improved. As a small business owner, you can take advantage of this gap in the market and just provide the services the clients are looking for.

3. Electronics

We have so many electronics we depend on and cannot do without. With the tech savvy population we have in Kenya and Africa, electronics are day-to-day gadgets second only to the free air we breathe.

So what happens when they break down? We rush to the nearest electronic shop for a replacement or spare parts.

With this in mind, it easy to see why electronics shops are doing well. You too can tap into this market and have a piece of the cake.

In addition, you do not need to do things traditionally; you can harness the power of the internet to market your products.

You can use digital marketing strategies such as SEO, SEM, and social media advertising to reach a larger audience, giving your business potential for growth.

4. Home Tutoring and Online Article Writing

I must admit that I do blogging part-time and another thing I do part time is home tutoring and online article writing.

I must also admit that both home tutoring and online article writing are so much profitable. So much so that thousands of university students are doing this and living the best lives of their youth.

If you doing tutoring, just do a good job and your client will always refer you to other potential clients. You can also offer tuition services online from the comfort of your home.  

If you are interested with online article writing, then research and get the right people to get an online article writing account and learn the basics.

By leveraging technology and relationships, you as a tutor can reach a more extensive base of learners than ever – making 2025 a great time to launch a tutoring business!

Should I remind you that this one most profitable business ideas in Kenya 2023!

5. Auto Spare Parts Business

If you are good are leveraging the relationships with car dealer, suppliers and customers, then you can take advantage of this to create a niche for yourself.

And you can do it this way, sell car parts online, offer on-site repairs and auto parts. This is very lucrative and one of the best profitable business ideas in Kenya 2026 you can tap.

In Addition, leverage the new technological advances in the automotive industry; there is no shortage of opportunities to build a successful business.

6. Hardware Business

I once read of a story of a woman who was fired and as frustration and put food on the table, decided to open a hardware shop. She say that this was the best decision she ever made.

Not only did she move out of her rented house in a year, but she also bought herself a car in a year.

If this story does not fire you up, I do not know what will.

One of the best profitable business ideas in Kenya 2026 is to open a construction or electrical hardware store.

These stores are in high demand and provide a reliable income stream for entrepreneurs who own them.

Customers will always be in need of lumber, nails, wiring, and switches for various projects around their home, business, or organization – you can meet these needs with quality products sourced at competitive prices.

You can built a faithful base for yourself and they will regularly require supplies from this shop.

7. Catering Services

Have you ever realized that nowadays people are out sourcing for catering services in all kinds of social events?

As a matter of fact, catering is an industry that always remains in demand – and it is one of the most profitable business ideas in Kenya 2026.

To curve out a clientele, you will need to stand out from competition and offer the best. Provide the best service and you will always get referral jobs.

You can specialize in corporate catering, wedding catering, or gourmet meals delivered to customers’ homes.

The year 2026 offers plenty of opportunities to grow your business.

8. Starting an ecommerce Store

You just need to look around to see that ecommerce business is doing well. In addition, I can bet that you occasionally bought items from popular ecommerce stores.

If you doubt just think Jumia, Kilimall, Masoko, you name them. Starting an ecommerce store is an excellent way of making money online and it something personally that am taking seriously. And I must admit, this my best most profitable business ideas in Kenya 2026.

Platforms such as Shopify and WooCommerce, can give you a head start and you can set up a store in minutes.

My biggest advice would be that you will need to speed a lot of tine curving out you niche and learning the basics of SEO (Search Engine Optimization) and digital marketing.

If you can combine this with blogging (learn how to start a blog here), you could be smiling all the way to the bank.

9. Vacation Rentals

The vacation rental industry has been making tremendous growth over the past few years, thus making it one of the most profitable business ideas in Kenya 2026.

Kenya is one of the best travel destinations of the world and clients are looking for cheap beautiful space as their holiday homes.

With this in mind, you can use sites like Airbnb, which simplify renting out your space to others, and this has become an increasingly lucrative opportunity for entrepreneurs and budding small business owners.

Do you want to get good earning from such? Then you can have that space that is not in use and clients will come running to you.

10. DayCare/NightCare Business

It is no secret that parents and guardians are so busy and have children one that they would rather leave under the care of someone.

So where would they rather leave there young ones, in a daycare.

Starting a daycare center may not be hard as you may think; you just need a room or rooms and furnish it (them) with sleeping items and playing items for the kids.

There even daycare that do the business at night and are charging lots of money to do this. Maybe we should call them Night cares.

Did you know that most of the primary schools you see around you begun as daycare centres? This ranks in the top three most profitable business ideas in Kenya 2026!

12. Cleaning Services Business

One of the most profitable business Ideas in Kenya 2026 is the cleaning services.

People are looking for cleaning services for their businesses and households. This is so because it is a cheaper alternative to hiring full time employees.

To venture in this business, you will need is reliable transportation, supplies, and some form of advertising.

Once you do a good job, your chances of growth with cleaning services will be high because happy clients will recommend your services and relaying positive word-of-mouth reviews.

All you will need to do is do a good job. If cleaning is your passion, then you can take this up and profits will be coming your way.

13. Consulting services

If you are good in a particular area, then you may want to offer that expertise to other people. That is what consulting is all about.

Offering your specialized area of expertise to businesses needing problem-solving assistance, you are setting yourself up for success.

All you will need is to start now.

This area is hugely unexploited of often offered free, but now you can utilize it for profits.

Final Thoughts

If one of your resolutions of 2026 is to start a profitable business, then these 13 Most Profitable business Ideas in Kenya 2026 gives you a head start.

Whether you are looking for a low-cost investment or a way to break into the service industry, these options can make all the difference.

However, before jumping in, it is very important to do market research and evaluate each opportunity before investing you time and money.

You can start small, grow, and invest more of your time and money as time goes. Learn why business fail and avoid the same mistake and surely, 2026 will be a great year.

Whichever opportunity you choose, do it will all the passion and energy and success will come your way.

All the best.

Safaricom Announces New M-pesa Charges 2023

Maishah
-
0
Safaricom Announces New M-pesa Charges 2023

Beginning January 2023, Safaricom has introduced charges customers attract while using M-Pesa Paybill services. This is after the Central Bank of Kenya re-introduced transaction costs that had been removed due to the effects of Covid-19.

Paybills are different from Till Numbers in that the former is for long term use with customers having an account number, and dedicated transaction fees on the end of the customer. Meanwhile the latter, Till numbers, are for sale of goods and services, allowing quick transfer of cash without transaction charges on the consumer.

For a long while, Paybills have attracted heavy transaction charges, and that is now changing, thanks partly to the Central Bank of Kenya. Paybills that attracted as much as Ksh 23.00, will now attract as little as Ksh 4.00

According to Safaricom, the maximum Paybill numbers will attract for transactions will now be Ksh. 65.00 instead of Ksh 113.00. The minimum is now Ksh 0 for transactions up to Ksh 100.00

New M-pesa Charges 2023

This table gives a comprehensive breakdown of charges that Safaricom will be charging effective January 2023.

AMOUNT TRANSACTEDCURRENT CHARGESNEW CHARGES
1 – 4910
50 – 10020
101 – 500234
501 – 1,000239
1,001 – 1,5003514
1,501 – 2,5003519
2,501 – 3,5005624
3,501 – 5,0005633
5,001 – 7,5008540
7,501 – 10,0008546
10,001 – 15,00011355
15,001 – 20,00011360
20,001 – 25,00011365

Moreover, Safaricom says that there will be also transfer fees from M-pesa to Bank accounts. This will cost you Ksh. 55.00 and you will pay to withdraw money from your bank account. This may reduce the number of transactions Kenyans will be making and many will opt to withdraw cash at the nearest ATM machines.

That said 2023, will be putting more strain on Kenyans pockets as high inflation continues to bit.

DStv Compact Vs GOtv Supa Packages: Which Better?

Maishah
-
0
DStv Compact Vs GOtv Supa Packages: Which Better?

I have been using both DStv and Gotv and today I want to compare DStv Compact Vs Gotv Supa packages. Note that both DStv and GoTv are owned by Multichoice, a South African based Company. This article is about packages offered in Kenya. For other countries, please refer to DStv website for your country

DSTv Compact Vs GoTv Supa packages Compared

Dstv Compact Package

DStv Compact offers over 135+ channels, High Definition (HD) channels, 53 audio channels and you also gat Showmax at a discount. Moreover, the compact bouquet comes with 7 supersport channels- which makes me enjoy all the EPL, and La Liga Action- and an extended list of kids’ stations, movies, and entertainment channels like Maisha Magic Plus, Africa Magic Urban, CNN, and SKY News.

On DStv Compact you get the following channels:

  1. M-Net Movies
  2. Studio Universal
  3. M-Net City
  4. VUZU
  5. Universal TV
  6. TeleMundo
  7. BBC Brit
  8. E! Entertainment
  9. FOX
  10. WWE SuperSlam
  11. BET
  12. MTV
  13. Life Time Entertainment
  14. CBS Entertainment
  15. CBS Reality
  16. Discovery TLC
  17. Discovery Family
  18. TNT Africa
  19. EVA
  20. EVA+
  21. Africa Magic Epic
  22. Africa Magic Family
  23. Real Time
  24. Africa Magic Hausa
  25. Africa Magic Yoruba
  26. Africa Magic Bongo
  27. Pearl MAGIC
  28. ROK 3
  29. Zee World
  30. Star life
  31. ROK
  32. ROK 2
  33. Discovery ID
  34. BBC Lifestyle
  35. Food Network
  36. National Geographic
  37. NatGeo Wild
  38. Spice TV
  39. Televista
  40. Trybe
  41. Edu Channel
  42. Mindset
  43. Trace Gospel
  44. Faith
  45. Daystar
  46. TBN
  47. SBN
  48. ISLAM Channel
  49. Eternal Word
  50. Dove TV
  51. Emmanuel TV
  52. TV Mundial
  53. BBC World News
  54. SABC News
  55. NewsRoom Africa
  56. Al Jazeera
  57. CGTN News
  58. NDTV 24×7
  59. CNC World
  60. Arise News
  61. Africa News
  62. Joy News
  63. Rai International
  64. NHK World Japan
  65. TV5 Monde Afrique
  66. DW
  67. CGTN Documentary
  68. CGTN French
  69. B4U Movies
  70. CCTV Entertainment
  71. Shangai Dragon TV
  72. Hunan TV
  73. Zhejiang TV
  74. Phonex
  75. RTPI ( Portuguese)
  76. MTV Base
  77. Trace Mziki
  78. HIP TV
  79. Trace Naija
  80. Sound City
  81. Afro Music English
  82. Trace Jamaa
  83. Cartoon Network
  84. Nickelodeon
  85. Boomerang
  86. Disney Channel
  87. Cbeebies
  88. Nick Jr
  89. Nick Toons
  90. Da Vinci
  91. Disney Junior
  92. Jimjam
  93. PBS Kids
  94. EDU Channel
  95. Mindset
  96. Supersport Blitz
  97. Supersport Premier league
  98. Super Sport Football
  99. Super Sport La Liga
  100. Super Sport Variety 2
  101. Super Sport Variety 3
  102. Super Sport Variety 4
  103. Super Sport WWE
  104. ESPN

GOTv Supa Package

GoTv Supa is the most expensive package on GOTv. The channels are as follows:

  1. Africa Magic Urban
  2. ROK
  3. Maisha Magic Plus
  4. Mambo Moto
  5. Maisha Magic Poa
  6. TL Novela
  7. KIX
  8. Novela Magic
  9. WWE
  10. National Geographic
  11. Honey
  12. Food Network
  13. Akili Kids
  14. Nick Junior
  15. Boomerang
  16. Nick Toons
  17.  TV 47
  18. NTV
  19. Citizen
  20. K24
  21. KTN News
  22. Inooro TV
  23. KBC Channel 1
  24. Fashoon Tv
  25. Jimjam
  26. America Got Talent
  27. Aljazeera
  28. Afro Music
  29. Islam Channel
  30. Telemundo E!
  31. Movies Zone
  32. GBS
  33. Fox
  34. Life
  35. NatGeo
  36. Wild
  37. EBR
  38. S Blitz
  39. S select
  40. S Select
  41. Discovery Channel
  42. Magic Epic
  43. Maisha Magic East
  44. Supersport 9
  45. Fashion One
  46. VOXAfrica
  47. Big Brother Naija
  48. Magic Family
  49. M World
  50. Zee World
  51. E Africa
  52. Kass TV
  53. Pwani TV
  54. BBC
  55. CNN
  56. MTV Base
  57. Faith Broadcasting
  58. Network
  59. Disney Junior
  60. Nickelodeon
  61. B4U movies

DSTv Compact Vs GoTv Supa: Which One Should You Choose?

So which of the two should you go for? A closer look at the two packages reveal that the packages are almost the same, the only major difference being that the DSTV Compact gives you more sports and that you access all the major sporting events from football to athletics. So if you are a fun of sport and more so the English Premier league, then go for Dstv Compact. If you generally do not enjoy sports, then your best bet will be the GOtv Supa package.

The other thing you may want to consider is the price, DSTv Compact currently goes for Ksh 3000.00. But you will first have to buy a dish and a decoder, the cheapest going goes about Ksh. 2500.00.

The Gotv Supa package goes for Ksh. 1999.00, while the cost of a decoder and antenna are way much cheaper. The biggest issue I always have with Gotv is the signal especially in urban areas with tall building obstruction the signal mast and in rural areas where masts are very far away.

DSTv Compact Vs GoTv Supa, which one would you go for? Share your thoughts below.  

Why Are Other Cryptocurrencies So Impacted by Bitcoin?

Maishah
-
0
Why Are Other Cryptocurrencies So Impacted by Bitcoin?

Cryptocurrency has proven its importance and power to investors in the whole world by withstanding the present bull run. And due to this people started believing in Cryptocurrency again and most of them are looking forward to purchasing Bitcoin so that they can take part in the financial revolution. So, if you are planning to trade or mine Bitcoin, then you may visit The News Spy

A lot of investors are searching for alternative cryptocurrencies to trade in as well as to make considerable profits out of them. Nonetheless, prospective investors and traders must never forget that Bitcoin is the main cryptocurrency that the market is heavily influenced by. In this article, we’ll discuss how cryptocurrencies are adversely affected by Bitcoin.

About Bitcoin

Bitcoin was founded by Satoshi Nakamoto in 2009. The origin of its originator remains elusive to this day. Having the objective of supplying a universal electronic currency for mankind, Nakamoto developed Bitcoin, in which owners can exchange value without the involvement of intermediaries. He stated that our present monetary system was set to fail primarily due to its dependency on central banks and governments. He suggested Bitcoin, a peer-to-peer digital currency featuring a small supply, which could hedge against inflation and start the digital economy for anybody in the world.

How is the crypto market influenced by Bitcoin?

If you keep yourself updated on the cryptocurrency market then you must be aware that altcoins often go down with Bitcoin’s value. In the case of bitcoin rises, then we anticipate the value of altcoins to increase. Let’s see what are the reasons behind this:

Many altcoins are just clones of Bitcoin

During the decades immediately after Bitcoin’s launch, as an immediate consequence of its growing value and popularity, we observed a proliferation of Bitcoin clones. Let’s take Litecoin as an example. Bitcoin’s code was used by Litecoin for becoming quicker and lighter like bitcoin and Litecoin was the first altcoin that tried to become Bitcoin’s clone. Bitcoin Gold, Cash as well as Diamond, etc, are more such clones. To get themselves better than bitcoin, altcoins started following the lead mostly.

Bitcoin is regarded as the reserve currency for cryptocurrencies by many investors

Investors usually consider Bitcoin because the reserve currency of the cryptocurrency sector, much like USD on the world markets, due to its pioneering status. Additionally, numerous cryptocurrency trading sites as a result of the compliance as well as regulatory actions of the nations don’t suggest crypto to fiat trading. Consequently, a lot of investors invest in Bitcoin at first to exchange it for altcoins and then attempt to make a profit.

The majority of cryptocurrency traders do not make a comparison of the costs of altcoins to traditional currencies. They compare their worth to the BTC rather because it’s the marketplace pair that is important to them. As a result, it is easy to understand that Bitcoin’s feelings might be pulled down by a dropping market price.

Bitcoin was developed first among the other cryptocurrencies

Bitcoin is regarded as a pioneer within the cryptographic industry which has placed lots of weight on its shoulders throughout time. This has additionally permitted the very first cryptocurrency to bind itself as a particular store of value, raising its reputation to astronomical heights.

Bitcoin had been the coin which put cryptocurrencies mainstream, irrespective of what anybody else explains. The simple idea behind Bitcoin caught on with the majority of people, pushing its cost to the sought-after USD 50k levels we’re seeing nowadays.

It laid the way for a whole sector, and nowadays nearly everyone active with crypto has a little bitcoin. Worth mentioning is the fact that, to this particular day, Bitcoin may be the sole crypto whose originator has stayed Anonyme.

The Statistics of Bitcoin and Cryptocurrencies

Maishah
-
0
The Statistics of Bitcoin and Cryptocurrencies

Since the invention of bitcoin in 2010, it has always been in the news. Be it on the online platform, or the traditional platforms of the physical world, bitcoin is everywhere. Invented to be an alternate payment method, the coin has managed to make its place in almost every sphere of life. Be it making a payment, a method of investment or merely an asset, bitcoin has managed to gain large in almost every sphere of life. Bitcoin is a topic of discussion because it has seen many things in its lifetime. Ranging from invention to hitting the top spot. It has seen almost everything it can imagine. For more information you can visit our Website.

There are many cryptocurrencies but the place that bitcoin holds was never held by any of them. Bitcoin is purely a digital coin and was launched as a competitor to the fiat currency. The inventor is still anonymous with only a name or misnomer Satoshi Nakamoto. Some people believe it is the name of a person, while others believe it is a group of keen programmers interested in creating something different. In this article, we are going to discuss the journey of bitcoin right from the year of its first surge which is 2013 to till date. So, let us start the journey!

Facts about bitcoin

The price of bitcoin was at an all-time high in mid-June this year which was around $39,000. The current price of bitcoin has fallen but there are chances that the prices will be reviewed soon. The market cap at that time was around $726 billion or more which is quite impressive. The all-time high of bitcoin was witnessed in April this year when the market price of bitcoin touched and somehow crossed $64,863.1.

As a result, the trading was highest with the highest volume of trade being 336K BTC with a lower trade volume of 20.8K BTC. as of June, there were 38 million active bitcoin wallets and the number is still on the rise. The bitcoin miners charge an average transaction fee of around six and a half US dollars. The average amount of bitcoin traded in one day is 225,274 which is a high amount of it.

Owning most bitcoin

Bitcoin has been referred to as the king of cryptocurrencies. The question here arises: who is the king among the bitcoin holders? Who owns the maximum amount of BTCs? The answer to this question lies that Satoshi Nakamoto, the inventor himself, holds a great amount of bitcoin. At the second spot comes the name of Zhan Ketuan who is the founder of Bitmain and at the third is the name of Chris Larsen who is the co-founder of Ripple. There are many other giants associated with it, some of which are Elon Musk, and other famous personalities.

The price journey

Bitcoin price has expanded rapidly over time. The previous decade has seen a drastic change in its price which is quite abnormal from the viewpoint of a normal traditional investor. The price of bitcoin in the year 2009 was USD 0.00099 which peaked at USD 0.39 the very next year. This was spectacular that such an entity can make such a large jump. By the time it reached 2011, the price first reached $1.00, then $10, and finally $30. This was just the beginning as the price of bitcoin increased constantly till then and as a result in the last bull phase that is in 2021, the price jumped to USD 60,000 in March.

Thus, one can see that bitcoin has travelled a lot and its journey is a golden phase of cryptocurrencies.

What’s next for Bitcoin and Crypto?

Maishah
-
0
What’s next for Bitcoin and Crypto?

Bitcoin being the eldest of all cryptocurrencies in use to date has experienced almost everything in the crypto market. The ups and downs and many new characteristics are completely witnessed by this market which is still in operation. Thus, bitcoin can be considered the most experienced of all the cryptocurrencies available and thus needs to be studied and discussed. Bitcoin, when launched in the year 2010, was just an alternative to payment fiat currency. The main motive behind introducing this currency was to make an economic entity that has no control over the government. For more information you can visit Bitsoft360

The previous year was a rocking year for the world of crypto. Many new additions were made and a few deletions were also there. As a result, the crypto market witnessed many new advancements in the group. As the previous year has ended completely, we can make review the highs and lows of the bitcoin market in the same year. In this article, we are going to discuss the highs and lows of the crypto market. So, let us start the journey!

Dogecoin (DOGE)

In February last year, no other than Elon Musk came up with an idea for a new cryptocurrency named Dogecoin. Rhyming with the dog, and having the token image to be a dog, this was launched originally as a competitor to bitcoin. He even referred Doge to be the crypto for the people to make it a success. But, luck didn’t favor Musk and soon after its launch the whole chain was saturated and the price variation came to a standstill.

Coinbase

Referred to as the largest trading platform in the world, coinbase was introduced in April last year. This not only made an option for the customers but also added an opportunity of making the crypto zone famous. The symbol of trading is COIN and it managed to collect a capital of a whooping $86 billion in its first run. Thus, its launch was a success and this helped crypto to gain popularity among the masses.

The fall of bitcoin

In July last year, the value of bitcoin fell below $30,000. At that time, this was an all-time low for the crypto market. The fall was s drastic at that time that many investors lost about 50% of their valued investments. This was just the trailer for the whole time that proceeded after that in the present year!

Legalizing bitcoin

The first country to make bitcoin as important as fiat currency was El Salvador. The country legalized the bitcoin tender making it first in this segment. Taking El Salvador as a benchmark many countries followed the same and more came in the pipeline for legalizing bitcoin and other crypto assets. Since, its adoption, the flow of bitcoin is smooth in the country and they are enjoying the perks and benefits of bitcoin and its derivatives.

China banning the mining process

When the whole crypto market was enjoying getting legalized in El Salvador, China had some different plans in its mind. In late September, last year, China banned cryptocurrency mining and erased its name from the map of crypto-producing countries. The rigs and tools producing china pulled his hands out of the crypto game and switched to their digital currency named digital yuan.

$3 trillion market cap

In November 2021, bitcoin and other crypto markets switched to ultra mode and managed to raise a market capitalization of over $3 trillion. This was a first for the crypto market and seemed to be the start of the bull market for bitcoin and other crypto assets. It surpassed Apple at that time which had a market cap of $2.6 trillion at that time.  

Bengaluru tea stall accepts payments in Cryptos full story

Maishah
-
0
<strong>Bengaluru tea stall accepts payments in Cryptos full story</strong>

Bengaluru, India’s Silicon Valley, is a safe haven for technologists and entrepreneurs looking to succeed in their respective industries. Bengaluru, is one of India’s largest cryptocurrency companies and host of projects. They have a tea vendor who has started selling “chai” in exchange for cryptocurrency payments. If you want to start trading Bitcoin, you can easily sign up here

A tea shop in Bengaluru, India’s startup capital, is gaining traction with the idea of ​​accepting Bitcoin as payment. The store, called Frustrated Dropout, is owned by the famous Shubham Saini, who started the business after dropping out of his BCA course.

A photo shared on Twitter shows a man making tea at a table among Maggi and packs of noodles, with a banner in the background reading “Chal Chai Pite Hi.”

As a graduate of Indira Gandhi University, Saini Rewari went to Bangalore in search of employment opportunities and was gradually introduced to trading in the cryptocurrency market. After the market plunged his 60% in 2020, many investors bought the decline in hopes of reaping potential gains. Saini had invested all of his pocket money and savings into buying cryptocurrencies. “I invested roughly around Rs 1.5 lakh and within a few months my portfolio increased by 1000% of the initial investments. Soon my crypto wallet ballooned to roughly Rs. 10 lakhs+. It was a big deal for a good student,” he told to indianexpress.com.

With time, his investment increased significantly, and he realized the true potential of cryptocurrencies. He stopped asking his own parents for money, paid for school, and lived a life of luxury during crypto profits. At this point, Saini dropped out of the final semester of BCA and switched to cryptocurrency trading full-time. He thought that he was the next ‘Rakesh Jhunjhunwala’ after cryptocurrencies, but life is not easy after all after crypto winter.

A cup of tea in this shop costs 20 rupees. A customer can also pay with her UPI.

Saini told the Indian Express: Soon, my crypto wallet was roughly Rs 300,000, which was a big deal for a student like me.”

Just when Saini thought he was the “next Rakesh Junjunwala of the crypto world,” things took a dire turn in the 2021 crypto market crash. “I was going from £30 to £1 million and back where I started in crypto field. I couldn’t believe that one night would change my life so much,” he added.

That’s when the 22-year-old decided to set up a modest tea stand on the sidewalk with a new ambition. Frustrated Dropout chains minimize the use of plastic and non-recyclable items. The idea for a P2P payment platform came to him in Marathahalli, Bangalore while thinking about crypto. When a customer first tried to pay for chai with Bitcoin, he was surprised and intrigued. Saini said the popularity of using cryptocurrencies to buy simple things like tea has helped his business grow. On average, at least 20 new customers use cryptocurrencies to pay for their purchases each week, Saini said.

Saini told indianexpress.com that he would try to use the Paxful crypto platform to accept crypto payments. “Paxful introduced the Lightning Network to their platform slightly over a year ago from now. It has users in over 70 countries, including India, using Lightning on its Paxful. Promising as the cheapest option for payments. At Paxful, the average sending amount for Lightning in 2022 is less than $30. This is below the average amount sent for Bitcoin.

Interestingly, Saini posted a poster updating the recent INR to dollar rate. “Customers who want to pay simply scan his personal QR code like UPI, convert the INR to dollars, and then pay in cryptocurrencies,” he said to the reporters.

Despite numerous complaints from members of India’s cryptocurrency community, the country’s Ministry of Finance has not changed the tax laws enforced in the virtual digital asset (VDA) sector this year.

The government has also made no attempt to motivate workers in this sector.

A recent market survey found that India failed to secure a spot among the most crypto-friendly countries in the world. Hong Kong tops the list.

Finance Minister Nirmala Sitharaman recently called for global cooperation on regulation of the cryptocurrency sector. According to the United Nations Trade and Development Organization UNCTAD, more than 7% of Indians will own digital currency in the form of cryptocurrencies in 2021 and the use of cryptocurrencies worldwide, including in developing countries It says it increased exponentially during the pandemic. India was at seventh.

The Top 10 Performing Airlines in Africa in 2022

Maishah
-
0
The Top 10 Performing Airlines in Africa in 2022

This article discusses the top 10 performing airlines in Africa as of the year 2022. Africa is slowly catching up with other countries of the world in terms of air travel which is common place in this nations. Most developed countries in Africa such as Nigeria, South Africa, Kenya, Egypt and Morocco have seen increased traffic as people embrace air travel as their preferred means of travel.

And just like the rest of the world, destinations are just a ticket away and business and leisure has not been the same again. Africa is not being left behind and as such they are working hard to ensure that they have their share of the cake.

Just recently, Skytrax World Airline produced the best ranking airlines in world and it is from this ranking that we are bringing you the top 10 performing airlines in Africa.

It is important to note that Skytrax World Airline is organization that has evaluates airlines in the world and ranks them according to how well these airlines are operating. Currently, it is the world’s largest passenger satisfaction survey which bases its survey on value for money metric system.

13.5 million eligible survey entries were counted in the final result, from which airline all over the world were ranked from the best to the least favored airlines in the world.  

The top 10 performing airlines in Africa

We are going to rank these airlines from the 10th position all the way to the 1st position. Here we go

10. Air Seychelles

Air Seychelles is the national carrier of Seychelles which has its main hub at the Seychelles international Airport.

9.Fastjet

Fastjet operates primarily from Zimbabwe and it is a subsidiary of the Fastjet UK. It is an airline that provides low cost travel in Zimbabwe even as the country face serious economic times.

8. Safair

Safair is a South Africa based airline and which made it to the top 10 performing airlines in Africa. The airline was purchased from a South African Shipping company called Safmarine.

7. Rwandair

This is the national carrier of Rwanda, and based in Kigali Rwanda. The company which is 49% owned by Emirates operates mainly within the East African Community.

6. Egypt Air

This is a company owned by the government of Egypt. The airline flies to over 70 destinations all over the world, 19 of which are to African destinations.

5. Air Mauritius

Air Mauritius is the national carrier of Mauritius. The airline entered service due to restrictions on citizens of Mauritius by other nations.  

4. Kenya Airways

Kenya Airways is the national carrier of Kenya based at the Jomo Kenyatta International Airport in Nairobi. In the recent past, it has been making loses only surviving due to the government bailouts.

3. South African Airways

This the national carrier of South Africa. The airline emerged as the third best performing in Africa. It serves many destinations around the world.

2. Royal Air Maroc

Fondly referred to as RAM, Royal Air Maroc is the largest airline in Morocco and North Africa as a whole. The airline has committed to talking fans from North Africa countries to the world cup being held in Qatar.

1. Ethiopian

Ethiopian Airline has been the best performing airline in Africa and it is not by fluke that in emerged as the best in Africa. The airline is owned by the government of Ethiopia and has stakes in so many other African airlines. It operates from Bole international airport.

Final thoughts

Airlines in Africa are struggling and are falling behind their peers in the world. According to Skytrax, these are the top 10 best performing airlines in Africa as of 2022. Ethiopian again takes the crown.

1...111213...64Page 12 of 64