What will happen in crypto space in 2018 according to Ari Paul

Belated 2018 crypto predictions. Here’s list of forecasts for 2018. Ari Paul offers these most humbly. Most will probably be wrong at least on the specific numbers, if not directionally.

  1. The “The Bitcoin dominance index will bottom between 18-26% and will end 2018 over 40%. Bitcoin cash will trade over 0.45BCH/BTC at some point during the year.
  2. Decentralised exchanges will continue blossoming, but won’t break 5% of total crypto trading volume.
  3. We will have multiple ICO blooms in 2018 centered on different regulatory and governance structures. We will see rebirth of DAO and a huge boom in the asset backed tokens.
  4. Bitcoin will trade at both $6000 $60,000 at some point in 2018.
  5. There will be at least 10 large ($5 billion network value) corporate coins offered by Telegram and other companies
  6. In 2017 I was asked if ETH would replace BTC. In 2018 serious people will ask if non blockchain based crypto currencies will replace blockchain based cryptocurrencies. Maybe this means hashgraph based crypto currencies achieving 10%+ market share.
  7. Denta coin will become the largest crypto currency (kidding).
  8. Both BTC and BCH will continue to hardfork and more than 10% of the value of each (if held today) will reside in offshoots.
  9. We will get a blossoming of crypto index funds, such that greater than 6% of all crypto network value will be passively held in some form of index(up from almost zero today).
  10. There will be a breakdown between financial derivatives (futures, options) on crypto and the underlying due to hard fork, network freeze or extreme manipulation.
  11. We’ll see something an order of magnitude bigger than cryptokitties- some collectible or simple game that achieves meaningful adoption.
  12. Estimates of this are very tough, but global adoption will triple from about 1% to about 3% of humans on earth owning crypto currency.

Ari Paul is the CIO of Block Tower Capital. You can read more about Ari Paul here.

You can also learn about cryptobizglobal.com and crypto investing here.



Many people seeking to know what is blockchain technology. I’ll explain it in the simplest way possible.
Prov 6:6
Go to the ant, you sluggard; consider its ways and be wise!


The whole world systems are moving towards what was written thousand years ago by Solomon. An ant has the following characteristics.

The job of an ant in a colony is both significance and insignificance. Without an ant, no effect will be felt. But when many #Resist, effect is felt.

An ant doesn’t know what its doing. No complex brain. No ruler yet it does wonders. It builds things an intelligent person may not. Same with bees. Can you make honey? No. Not as sweet.

Imagine now computers or devices which act as ants. So many of them. Billions. Each computer may not be that powerful, but imagine when processors are connected to assume a universal system. Remember this interconnection is not similar to the networking we know.

Bitcoin or Blockchain technology uses this concept. Unlike other networks where the more connected computers are the slower it is, block chain becomes faster instead.
So when a person makes a transaction, the transactions are recorded in every connected device. Its complex somehow.

Have you ever downloaded a movie from Torrent? It uses the same technology. When downloading a movie, this movie is somehow stored in all devices connected. There’s a process called seeding in Torrent. That’s why downloading something many people are downloading becomes easier.

You cannot hack blockchain. You will have to hack all the connected devices because they act as a dedicated server.

Future of blockchain will soon spill in all areas of life. Transport. It is now overtaking banks. School system etc. For example. With invention of Electric vehicles, block chain will help this way. Any vehicle connected to the chain will be knowing where there is a free packing lot and do calculations. There will be no traffic Jam because a vehicle can “know” which route has more vehicles. There will be no car accidents.

Blockchain is the future. We better embrace it.

Adopted from Robertoctober Kanyoro’s post on Facebook.

You can read more about cryptobizglobal here

Why Ripple’s value is increasing

Ripple started its upward journey from the middle of this month. Ripple has shown many bullish signs on various days of the current month. Today, it has broken all the past records and has showed a whopping 30% increase in value. The market cap of the currency has crossed $128 billion mark and it has become the second largest cryptocurrency after Bitcoin. This sudden increase in the value of the digital currency is due to the announcement that three major Japanese credit card companies have agreed to adopt Ripple for payment processing.

Here, it important to mention that Ripple is a private cryptocurrency that uses latest blockchain technology to process cross border payments speedily. The transaction processing speed of the digital currency Ripple is ten times greater than Bitcoin. Moreover, the continuous updates in the system are also increasing the reliability, scalability, and security of the transactions. Ripple processes cross border transactions without the involvement of the third party. The sender and receiver are directly in contact and know the status of the transactions.

ripple xrp speed

There are also reports that South Korean regulators are also planning to implement some regulations to control the crypto exchanges. The news has hurt the value of larger currencies. Ripple (XRP) is the only cryptocurrency that has shown bullish signs in spite of this news. Ripple XRP started the year 2017 at about $0.006 and it seems as if the year will end at more than $2. This proves that Ripple has beaten Bitcoin in percentage increase from year to date.

According to crypto analysts one of the biggest reasons behind this soaring value of Ripple is the announcement of Japan Bank Consortium to adopt Ripple as a payment platform. Japan Bank Consortium is a coalition of about 61 Japanese financial institutions with South Korean Banks. Both the parties have agreed to use Ripple’s blockchain technology for processing payments across the border.

Moreover, the partnership between SBI Ripple Asia and large Japanese credit card companies has also increased the value of the digital currency. The tighter regulations from South Korean Government are also another major reason. The official sources say that the government has warned that these virtual currencies cannot act as actual currencies and may cause a loss to the investors. The digital currencies like Bitcoin, Ethereum, and Litecoin all fell about 5% in value when the news went live.

This is because South Korea is the third largest cryptocurrency market after US and Japan. There are about 2 million cryptocurrency investors in South Korea. This means that every person after 25 is investing in cryptocurrencies. Ripple, on the other hand, has gained value because it also works as a secure payment platform. The specialty of Ripple is that cross border transactions take place in just seconds.

All these factors have soared the value of the digital currency a lot thereby making it the second largest crypto currency in terms of market cap.

Adopted from RippleCoinNews

How to buy Litecoin in Kenya

There are  many people in Kenya interested in buying litecoin and they do not know how to do it. This is step by step guide on how you can buy cryptocurrecncy in Kenya with MPESA  or by bank transfer.

1. Go to litecoinlocal.net


2. Sign up on litecoinlocal.net

3. Confirm your email address

4. Search for Traders in Kenya

5. Select a trader. You can select cryptobizkenya

6. Open the trade.


7. Ask for USD/KES rate. Cryptobizkenya offers at a rate of 103.8KES per USD.


8. Request for payment details. the payment details can be MPESA, Equity Bank or any other bank specified by the trader.

9. Request the trader to fund the trade if you agree with the usd/kes rate as well as the payment method.

10. Pay.

11. Mark that you have paid to notify the seller.

12. Wait for the seller to release litecoin from the escrow.

13. If the seller does not release the litecoin from escrow you can dispute the trade and provide evidence for local litecoin to resolve the dispute.

14. For more information you can contact cryptobizglobal

What is Polybius Token

Polybius Token is a token that was offered during an Initial Coin Offering for Polybius Bank. The token was meant to raise fund for kick-starting Polybius Bank. The founders of this bank envision that in future people will need to store their digital assets on a secure digital bank. The bank seeks to combine technologies such as intent of things, digital pass and big data and block chain technology to create a secure platform where the individuals can store their digital assets.  Other technologies that will be incorporated by the back are Open APIs, smart contracts, biometrics, SSL, and Decentralised ledgers.  The envisioned Polybius financial services will include international systems to serve transaction needs of international customers.

The token was issued by Polybius Foundation which is incorporated in Estonia. During the ICO a maximum of 20million tokens were issued. However only 3,969,565 PLBT were taken. 5% of the tokens went to the founders, 2% were for bounties while the rest were issued to the public.  The token grants the owners right to receive 20% of the profits made by the company. The dividends will be issued through the ethereum smart contracts.

The project’s founder is Ivan Turygin, the owner of the Hashcoins which is a website that is dedicated to cloud mining.

Ivan Turygin

Hash  Coins company allows people to purchase mining equipment through cloud mining arrangement where investor purchases the mining equipment and they mine the crypto from the cloud. The major investor in the  bank’s token project is Oleg Tinkov who is a Russian billionaire with a net worth of $1.2 billion according to Fortune magazine. Oleg Tinkov has interests in the banking and technology industries. His investments in the Polybius foundation and Polybius Token shows that future for banking is in digital banking that is secured by block chain technology. Therefore there is lot of enthusiasm and interest in the bank as it is the first digital bank that has been created for the cryptocurrencies.

You can read more about other cryptocurrencies here:

What is Litecoin cryptocurrency?

Charlie Lee

Charlie Lee (SatoshiLite) currently works at Litecoin  by promoting Litecoin which is an alternative currency.

Charlie Lee is the former director of engineering at Coinbase. He worked at Coinbase from 2013-2017.

He previously worked as a software engineer in Google from 2007 to 2013.

He has Masters Eng. Computer Science from Massachusetts Institute of Technology.

He holds Bachelors of Science in Computer science from Massachusetts Institute of Technology.

He attended The Lawrenceville School.

What is Litecoin cryptocurrency?

Central bank of Kenya CEO says that bitcoin is a Ponzi scheme

The Central Bank of Kenya governor indicated that they are closely monitoring the crypto currencies. When asked whether Kenya will adopt crypto currencies. The Central Bank of Kenya governor Patrick Njoroge termed bitcoin which was luring unsuspecting buyers and speculators in purchasing the bitcoin at inflated prices.

Dr Patrick Ngugi Njoroge

The governor noted he could not certain when the bubble will burst, but he was certain that the government will not develop regulations for bitcoin in Kenya in the short term. While bitcoin is not illegal in Kenya, the government does not recognise as a currency and has warned its citizens not to use the currency due to the risks posed by the currency such as high volatility which makes the investment risky for Kenyans.

Despite the criticism offered by the Central Bank of Kenya, Kenyans are adopting bitcoins en masse. The transactions in the Local Bitcoins topping to more than KES 25 million as at December compared with KES 15 million in June. This shows that there is increasing adoption of crypto currencies in Kenya. With the Kenyan economy not performing as expected, most tech savvy individuals are opting to invest in digital assets. The digital assets are considered better than saving cash in fiat money. In addition, there is increasing number of people who are sensitizing people about bitcoin and crypto currencies thus making more Kenyans to be confident about crypto currencies.

Recently there was a bitcoin meet up in Nairobi which sensitised people on how to buy and have digital asset. Such meting are still coming up in Nairobi and are expected to increase the adoption of bitcoin and other crypto currencies in Kenya. Other countries which have indicated that they are monitoring crypto currencies are Swaziland whose central bank governor indicated that they are monitoring block chain technology before deciding how to regulate cryptos. Some countries such as Nigeria ad South Africa led in bitcoin use and transactions in Africa.

Dr Patrick Ngugi Njoroge

Dr Patrick Ngugi is the Central Bank of Kenya governor since 2015 to present.

Dr Patrick Ngugi Njoroge was born in 1961.

Before his stint in the Central Bank of Kenya, Dr Njoroge worked at IMF as advisor to the Deputy Managing Director.

He is a graduate of Yale University where he graduated with a Doctor of Philosophy in economics.

Prior to that he had graduated from the University of Nairobi in Kenya in 1985 with a Masters of Arts in Economics

In 1983 he had graduated with Bachelor of Arts in Economics from the University of Nairobi.

Will crypto currency kill Mpesa?

Bob Collymore is the CEO of Safaricom which owns MPESA

In the sub Saharan Africa the most revolutionary technology and innovation is that of mobile money. Mobile money technology involves the ability to send money from one person to another using mobile phone text message. The technology has been revolutionary because people used to rely on banks to send money and the unbanked people used to rely on other people to send cash to rural areas. However the emergence of Mpesa transformed money transfer services and enabled people to easily send money anywhere in the countries in the Sub Saharan countries. The Mobile money business has since then grown to exponentially with companies such as Safaricom in Kenya generating profits of over $400 million pegged on MPESA transactions over KES 2 trillion transacted through MPesa annually. Due to this, the MPESA service has become so big such that it deals with more money than some of the governments in the sub Saharan Africa. The money transfer service has seen the unbanked managing to join banks and open bank accounts. However the increasing costs of MPesa transactions is creating frustrations among users. Despite the need to transfer money to people in rural areas, the cost of sending a thousand shilling or $10 is $0.4 which significantly higher as the amount of transactions increases. This makes tech savvy users believe that the crypto currencies may overcome MPSA in the near future as people in Kenya and other Subsaharan countries adopt the block chain technology. The major reasons why the adoption has not been successful in Sub Saharan countries except South Africa is because central banks and the telecommunication companies with money transfer services have colluded to ensure that the crypto currencies do not get entry into those countries. This is because they would drive them out of their major business which is money transfer. People would simply use crypto to send money to each other and therefore avoid the high transaction charges which are levied by the mobile money companies. While the old folks many find it hard to adjust, millennials who are knowledgeable about bitcoin and crypto currencies such as litecoin which has very low transactional charges have started to adopt these crypto currencies. This implies that the adoption of crypto is increasing and soon mobile money businesses will be out of business once there is enough awareness about crypto currencies in the countries in Sub Saharan countries. This basically means that companies and crypto currency exchanges and wallets of crypto currency will have the $400 million market up for grabs through the low costs transactions. The low cost transactions which would be very popular among the costs conscious masses.  Although crypto currencies are depicted as money for criminals and especially for money launderers and cyber criminals in Sub Saharan Africa, this is bound to change.  MPESA will be replaced by the crypto currency which will be the medium of exchange among the millennials who are the fastest growing market in Sub Saharan Africa. Litecoin is likely to be the crypto currency that will change MPESA.

What will Tether do to deal with the theft of $30 million

$30,950,010 USDT were stolen from the Tether’s Treasury wallet on November 19, 2017 and they were sent to an unauthorized bitcoin address. Since tether is the  issuer of the USDT asset, the company will not redeem any  stolen tether. The attacker is said to hold the tokens in this listed wallet: 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r.

The company has warned USDT users from receiving tethers from the said wallet because they will not be recognised and cannot be redeemed by USD or by Tether.

The following steps have been taken to address this matter:

  1. The tether.to back-end wallet service is temporarily suspended.
  2. The company is providing  new layers of Omni Core to the community. (Omni Core is the software used by Tether integrators to support Omni Layer transactions.) The layers aim at preventing movement of the stolen coins from the attacker’s address.  The company is strongly urging all Tether integrators to install the new software immediately in order to prevent the stolen coins from entering the ecosystem. Consequently, ANY and ALL EXCHANGES, WALLETS, should install this software to prevent loss:


    This software will lead to consensus change to currently running Omni Core clients, implying that there is an effective hard fork to the Omni Layer. Integrators running this hard fork will not accept  token sent from the attacker’s address  thus ensuring that the coins  cannot move  from the attacker’s address.

  3. Tether is working with the Omni Foundation to establish how Tether can reclaim the stranded tokens and rectify the hard fork created by the above software.