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South African Regulator Warns Against Using Mirror Trading International
20.8.2020
Mirror Trading International is getting flak from regulators worldwide
Mirror Trading Clients Should Take Their Money and Run, South Africa’s Financial Regulator Advises
19.8.2020
FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation
South African Bitcoin Investment Company Faces Fresh Scam Allegations
4.8.2020
FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...
South African Exchange Valr Raises $3.4 Million in a Series A Funding Round
22.7.2020
A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex. The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure. In...
BitMEX Owner Leads $3.4M Round for South African Crypto Exchange
21.7.2020
BitMEX owner 100x said investing in VALR’s Series A would bring exposure to the fast-growing South African market
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...
South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
15.7.2020
South Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment....
How the US and Europe Are Regulating Crypto in 2020
12.7.2020
Crypto regulation in 2020: The U.S. tightens regulation of crypto, while India has finally allowed banks to get involved with firms
Bitcoin Prize For Winners Of South Africa Mountain Bike Race
11.7.2020
About 150 mountain bikers will compete at this year’s edition of the Munga MTB race in South Africa. The race will commence in the first week of December. The top three finishers in each category will share the 1.5 bitcoin in prize money. The Bitstamp sponsored race was launched in 2015....
South African Crypto Investment Company Issued Cease And Desist Order In Texas
9.7.2020
The Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Trading International (MTI), Forexandbitcoin.com and four individuals involved in a multi-level marketing scam. Out of the four individuals, Cornelius Johannes Steynberg is a resident of South...
CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
6.7.2020
VaultAge Solutions CEO has been tracked down by South African authorities and angered investors
Crypto Firm CEO Went Into Hiding After Claims 2,000 Investors Defrauded
6.7.2020
The CEO of cryptocurrency investment firm VaultAge Solutions has forced into bankruptcy while on the run from angry investors
Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin Scam
5.7.2020
A global bitcoin scam has reportedly leaked personal data of about 250,000 people from more than 20 countries. The majority of the compromised data were of people in the U.K., Australia, South Africa, and the U.S. This bitcoin scam operates under several different names. Investors’ Personal...
Crypto Use-Cases in Africa on the Rise, According to Luno
3.7.2020
Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where...
Operator of Alleged Crypto Scam Flees South Africa for Mozambique
1.6.2020
The operator of an alleged seven-figure crypto scam appears to have fled the country of South Africa for Mozambique
Africa Is Experiencing a Crypto Renaissance
24.5.2020
Crypto use and adoption is beginning to see significant growth across Africa
South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption
22.5.2020
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African...
Report: Africa Is Bullish on Crypto Despite Infrastructure and Regulatory Hurdles
20.5.2020
According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world
This Bitcoin Documentary From Africa Is Streaming on Amazon Prime
20.5.2020
A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies
Binance Now Supports Deposits and Withdrawals in South African Rand
12.5.2020
In yet another expansion initiative, Binance adds support for deposits and withdrawals in South African rand