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BitMEX-affiliated Firm Leads USD 3.4m Investment in S African Exchange
21.7.2020
The investment arm of a new company operated by the creators of derivatives platform BitMEX, has spearheaded a USD 3.4-million cash injection in VALR, one of Africa’s biggest crypto exchanges.
Per a press release shared with Cryptonews.com, the Series A equity round of funding in the VALR exchange...
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....
Bitcoin Usage up in Vietnam, Bangladesh & S Africa - Blockchain.com
14.7.2020
The total number of bitcoin (BTC) wallet transactions has spiked in Vietnam, Bangladesh, and South Africa, with monthly activity figures up 25%, 16% and 15.9% respectively on major wallet and exchange platform Blockchain.com.
The company shared the news in a blog post, adding that although...
Charlie Shrem TLDL: Ray Youssef and Crypto’s Role in Africa
14.7.2020
Ray Youssef joins Charlie Shrem to discuss Paxful's mission in Africa, the liberating power of crypto and the unfairness of the African franc
Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions
12.7.2020
Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint
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
Startup Helps Reduce Child Labor in Africa & Aspires to Work with Tesla
11.7.2020
A blockchain startup helps car manufacturers ascertain that the raw materials they use are not produced by children
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....
Book Review: Digital Is the Cash
10.7.2020
"Digital is the Cash" is a short, accessible read, looking at cryptocurrency from a vaguely African perspective, with a strong preference for Dash
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...
Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries
8.7.2020
Volvo’s venture arm invests in blockchain traceability startup Circular to track
Akon’s DLT Startup to Set up a Blockchain Hub in Kenya in Q4 2020
6.7.2020
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities
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...
Africa Posts Triple-Digit P2P Volume Gains in Three Months
1.7.2020
Sub-saharan Africa now represents more than $15 million in combined weekly peer-to-peer trade following triple-digit growth over just a few months
Financial Inclusion, Cryptocurrency and the Developing World
25.6.2020
Regions of the world with fast-growing economic potential and young populations, such as India and Africa, will become leaders in crypto adoption
The Future of Philanthropy Lies in Blockchain Technology
20.6.2020
Blockchain tech and crypto donations incorporated into the philanthropy sector have a chance of significantly improving the entire industry