Bitcoin News / Google News Bitcoin - 1 year ago
The top U.S. commodities watchdog charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud on Thursday, alleging the global, multilevel marketing scheme “misappropriated” all of the bitcoin it amassed....
Bitcoin News / Bitcoinist - 1 year ago
South Africa has positioned itself as a key region for financial innovation. It is a region open to the development of new technologies, including cryptocurrencies and blockchain. New findings by KuCoin confirm South African crypto investors primaril...
Bitcoin News / Bitcoin.com - 1 year ago
About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information...
Bitcoin News / Bitcoin.com - 1 year ago
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that...
Bitcoin News / Bitcoin.com - 1 year ago
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extraditi...
Bitcoin News / Bitcoin.com - 1 year ago
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies.
Fluffypo...
Bitcoin News / Bitcoin.com - 1 year ago
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts.
Liquidators...
Bitcoin News / Bitcoin.com - 2 years ago
Collections of South Africa’s fine wines were recently sold as non-fungible tokens (NFTs) with one lot being sold for $79,000. Immediately following the auction, two lots were reportedly paid for using bitcoin.
Lots Exceed Estimates
...
Cryptocoins News / The Cointelegraph - 2 years ago
On Wednesday, South Africa celebrated Freedom Day, which honors the country's first post-apartheid democratic election in 1994.Cointelegraph reached out to different notable individuals in the South African crypto community to see what the holiday me...
Cryptocoins News / The Cointelegraph - 2 years ago
Okay Bears, a Solana (SOL)-powered nonfungible token (NFT), managed to top OpenSea’s 24-hour sales tracker for the first time earlier on Thursday, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana NFT project has re...
Bitcoin News / Bitcoin.com - 2 years ago
A South African university has said starting this year it will issue blockchain-based certificates to students graduating from the learning institution. University administrators argued that a blockchain-based certification system will help prevent f...
Bitcoin News / Bitcoin.com - 2 years ago
The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT).
Pondering the Implications of Innovatio...
Cryptocoins News / The Cointelegraph - 2 years ago
South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project.The project titled Project Khokha 2 (PK2) is the secon...
Bitcoin News / Bitcoin.com - 2 years ago
Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because...
Cryptocoins News / The Cointelegraph - 2 years ago
As part of a series of amendments to South Africa’s financial laws, crypto-asset service providers will become accountable institutions. A report from the South African Treasury announced further crypto regulations “to be finalized during 2022.”In br...
Bitcoin News / Bitcoin.com - 2 years ago
South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million.
Funds Raised to Finance Valr’...
Bitcoin News / Bitcoin.com - 2 years ago
Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount.
MTN Seeks...
Cryptocoins News / Blockchain - 2 years ago
Johannesburg, South Africa-based crypto exchange VALR, has secured a $50 million (over 750 million Rand) Series B round led by Pantera Capital.
It is the largest ever cryptocurrency funding round in Africa, raising $50 million, and the exchange is...
Cryptocoins News / The Cointelegraph - 2 years ago
South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in...
Bitcoin News / Bitcoin.com - 2 years ago
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022.
Aligning Local Laws W...
Bitcoin News / Bitcoin.com - 2 years ago
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close it...
Bitcoin News / Bitcoin.com - 2 years ago
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD)...
Bitcoin News / Bitcoin.com - 2 years ago
The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated i...